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Nedgroup Investments Positive Return Fund

Portfolio objective

The unit trust portfolio seeks to offer investors total returns that are in excess of inflation over the medium term through active asset allocation and with a high emphasis on capital protection. The portfolio specifically aims not to have negative returns over any 12-month period. The investment manager may invest in a mix of local and offshore equities, bonds, property and cash. A maximum of 75% of the portfolio's assets may be invested in domestic equities at all times. The unit trust portfolio complies with Regulation 28 of the South African Pension Funds Act.

Investor profile

The unit trust portfolio is suitable for conservative investors requiring a high level of capital protection with the potential for capital growth through protected exposure to equity markets. Diversification across all asset classes and a maximum net equity exposure of 75% helps to reduce risk and volatility relative to an average prudential portfolio.

Sector

Domestic - Asset Allocation - Targeted Absolute & Real Return

Risk benchmark

No negative 12-month periods

Performance target

CPI + 4% pa over rolling 3-year periods

Risk rating

Low to medium

Appropriate term

Minimum 3 years

Income distributions

30 June, 31 December

Inception date

1 June 2006

Minimum investments

Lump sum R10,000 / Monthly debit order R500

Fees (including VAT)

Initial fee: 0%

Financial planning fee: max 3.42%

Annual portfolio management fee (A): 0 - 2.85%*
*Performance fee calculated daily as 10% of total positive performance above high watermark, limited to a maximum of 2.85% (including VAT) over any rolling 12-month period.

Annual portfolio management fee (A1): 0.57% - 3.42%*
*Base fee: 0.57% plus performance fee calculated daily as 10% of total positive performance above high watermark, limited to a maximum of 2.85% (including VAT) over any rolling 12-month period.

Price & Performance

Performance:

1 year to 31 Dec 2011:	3.4% pa
3 years to 31 Dec 2011:	7.2% pa
5 years to 31 Dec 2011:	-
7 years to 31 Dec 2011:	-
10 years to 31 Dec 2011:	-

Price at 03/02/2012:

Class: R	\|	Price: -
Class: A	\|	Price: 122.84
Class: A1	\|	Price: 122.79
Class: B	\|	Price: -

Investment managers
- Herman Steyn
  
  Herman has been involved in the investment...
  
  Fund manager
  
  Herman Steyn
  Prescient Investment Management
  
  B.Bus.Sc. (Honours)
  
  Herman has been involved in the investment management industry since 1985, having held senior management positions in several established asset management companies. He began his investment management career when awarded a bursary from Old Mutual and after a period at Old Mutual, he co-founded an asset management company.
  
  In 1993 Herman started the first index tracker fund, the Composite Unit Trust, in South Africa. He later sold the unit trust management company to Investec, joining Investec Asset Management in 1995 where he established Investec Asset Management's international fund management capability in Dublin. He was also responsible for the quantitative fund management that included local and international index funds, bonds, derivatives and asset allocation.
  
  In 1998 Herman and Guy Toms founded Prescient Investment Management.
  
  Fund manager
Document downloads
- Fact Sheet
  
  Income Distribution
  
  Portfolio
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Legal information

It is important that you read and understand the following information before you use this website.

Our unit trusts are administered by Nedgroup Collective Investments Limited that is registered as a manager in terms of the Collective Investment Schemes Control Act.

Investment Consulting is performed by Nedgroup Investment Advisors that is an authorised financial services provider.

Nedgroup Investments is a member of the Association for Savings and Investment SA.

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Information on our website

This website provides general information about us, our products and services as well as links to third party websites for your convenience. We do not make any representation regarding nor endorse these third party websites and do not accept any responsibility for the information contained therein. We cannot guarantee the accuracy of information contained in the website, its source or that it is current and reserve the right to make corrections and improvements. Calculations on the website are illustrative and should be used only as a guideline. Information provided on our website or any third party website does not constitute financial, investment, legal, tax, consulting or other advice. Nothing on this website constitutes a recommendation or offer but merely serves as an invitation to do business with us.

All services that are offered by us are subject to the completion of our application forms and relevant documentation which contain our terms and conditions. We reserve the right to reject at our discretion any application submitted relating to any of our services as contained on this website.

Privacy policy

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Personal information

In general, you can visit our website without having to divulge any personal information. However, while using this website you may provide information about yourself or it may be collected by us.

If you have registered on our secure site, you may view your portfolio information and update your personal information at any time on the website. Your information is protected by a username and password. You are responsible for keeping such username and password confidential and should not disclose it to any third party. You may change your password at any time and we recommend that you do so regularly.

Access to your personal information held by us may also be requested by yourself or third parties. The Promotion of Access to Information Act, 2 of 2000 regulates and sets out the procedure for such a request and under what circumstances such access may be refused.

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We will disclose or report personal information if and when required to do so by law or any regulatory authority, and to our employees or agents who require such information to carry out their duties.

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We take all reasonable steps to protect your personal information and are committed to ensuring that your information is secure, including the use of encryption technology. We can, however, not guarantee the security of any information you transmit to us electronically as it is susceptible to interception and monitoring. You, therefore, bear all risk of transmitting information in this manner.

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Complaints

Nedgroup Investments values your support as a client and your satisfaction is therefore of the utmost importance to us. We are committed to providing you with exceptional client service.

Naturally, there may be times when you are not satisfied with our service, or you simply have a complaint. We encourage you to contact us and have established a simple complaints resolution procedure for this purpose.

We will deal with your complaint as quickly and effectively as possible.

For details on our clients’ complaints procedure, please click here.

Promotion of Access to Information Act

The Promotion of Access to Information Act, no 2 of 2000 (the ‘Act’) was enacted on 3 February 2000, giving effect to the constitutional right of access to any information held by the state and any information that is held by any other person and that is required for the exercise of protection of any rights. In order for access to information to be granted, certain requirements have to be met.

The Act requires Nedgroup Investments to compile a manual to assist people who want to exercise their right to access to information. This manual, as well as the prescribed request form and fees payable, is available below.

Manual Request form Fees payable

Nedgroup Investments (Pty) Limited forms part of the Nedbank Group and therefore conforms to the Nedbank manual that may be accessed at www.nedbank.com under the 'Legal Requirements' tab, for more detail.

Conflicts of Interest Management Policy

A conflict of interest prejudices or can be seen to prejudice an individual’s objectivity and ability to act in the best interest of our business or our clients.

The Conflicts of Interest Management Policy sets out the standards determined by Nedgroup Investments in respect to avoiding or, where this is not possible, mitigating potential and actual conflicts of interest.

Disclaimer

We have taken all reasonable steps to ensure that the information on this website is accurate and current on an ongoing basis. We do not, however, accept any responsibility for any loss or damage of whatsoever nature that may be caused or brought about, directly or indirectly by the use of our website or reliance on any information, links or service provided through this website.