Fact Sheet - Nedgroup Investments Flexible Income Fund

General Information

Status	Open
Fund category:	Unit Trust
Management company:	Nedgroup Collective Investments (RF) (Pty) Ltd.
Asset Manager(s):	Abax Investments
Sector	South African--Multi Asset--Income
Benchmark	110% STeFI Call Deposit
Launch Date	01 July 1999
Fund Value	ZAR 12,903,064,920.00 as at 30 Jun 2019
Risk Rating	Low Risk High Risk
Performance Target	N/A
Status is provided by the management company. This does not provide an indication of the availability of the fund within an Old Mutual product and may differ from the status of the fund within a product. The displayed risk rating may differ from the risk rating provided by the management company, where deemed appropriate.

Fund Description

The portfolio is suitable for investors seeking enhanced money market returns, but who have a low tolerance for capital loss and who do not wish to make complex asset allocation decisions between cash, bonds, property and other fixed interest asset classes.

Prices

Latest NAV/Sell Price:	ZAR 1,549.42	16 Aug 2019
Highest NAV/Sell Price:	ZAR 1,557.60	25 Jun 2019
Prices are those of the class available to the public through an Old Mutual product.

Price Performance

Daily Performance Figures as at 16 August 2019

Fund: Sector:	1 Year	3 Years	5 Years
	9.42% 8.38%	8.33% 7.51%	8.36% 7.41%
Fund performance results are calculated on the NAV-to-NAV fund performance of the oldest class, net of asset management fees. Figures are calculated on a lump sum basis in the currency of the fund and are annualised. Sector performance results include reinvested income and are gross of any deductions.

Asset Management Fees

Initial Fee:	N/A
Annual Fee:	1.443
Performance Fee:	N/A
Total Expense Ratio:	0.99
Fees are those of the class available to the public through an Old Mutual product and include VAT. Fees are those levied when investing in the fund through an Old Mutual product and are separate from product administration charges and adviser fees. For feeder funds and funds of funds, the total annual asset management fee does not include the fees in respect of underlying unit trust charges. The annual underlying unit trust charges generally vary between 0.46% and 1.14% including VAT, depending on the fund(s) chosen.

Asset Split as at 30 June 2019

Holding Name	Percentage
Foreign Bonds	18.20%
Local Bonds	37.70%
Local Cash	45.50%
Local Equities	4.22%
Local Property	1.63%

Top Holdings (out of 63) as at 30 June 2019

Holding Name	Sector	Percentage
U-NICORMM	Money Market	15.63%
MONEYMARK	Money Market	14.14%
CASH	Cash on call	12.00%
BONDS	Bond	6.19%
ABAXGLOINCOME	Bonds	5.48%
LBK15	Bond	5.12%
MM-27MONTH	Money Market	3.53%
FOREIGNBO	Foreign Invest	3.42%
IDCG19	Bond	2.80%
CLN420	Bond	2.42%

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