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0.93  /  0.5%

1.8632

NAV (ZAR) on 2024/11/14
NAV (ZAR) on 2024/11/13 1.8539
52 week high on 2024/11/14 1.8632
52 week low on 2024/04/16 1.7116
Total Expense Ratio on 2024/03/31 0.8
Total Expense Ratio (performance fee) on 2024/03/31 0
NAV
Incl Dividends
1 month change 0.58% 0.58%
3 month change 3.06% 3.06%
6 month change 6.33% 6.33%
1 year change 8.06% 13.73%
5 year change 4.82% 9.27%
10 year change 3.59% 8.72%
Price data is updated once a day.
Unit trust and ETF performances for periods greater than 12 months are annualised.

Here is a list of JSE shares held in this Unit Trust. These tables reflect changes in holdings over two quarters, but do not show where a fund has completely sold a holding during the latest quarter.
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  • Fund focus and objective  
Investment Objective ABAX's Absolute strategy invests in a range of income and protected equity assets and strategies in order to: o Protect capital over a rolling twelve month period. o Capture as much of the upside of equity and fixed income markets as possible. o Utilize alpha sources in the equity and fixed income markets in order to generate absolute returns for the portfolio. Investment Philosophy Because markets can be very volatile, downside protection is fundamental in ensuring that absolute return funds minimise the risk of losing capital. Absolute return funds that use protection strategies can provide investors with a low risk returns, with the potential for upside participation. The Absolute Return Fund comprises of an equity and diversified income component. A derivative overlay is implemented to provide downside protection for risky assets. The fund seeks to achieve balanced fund returns over time, with lower downside risk. Investment Process The Absolute Return Fund comprises of an equity and diversified income component. A derivative overlay is implemented to provide downside protection for risky assets. The fund seeks to achieve balanced fund returns over time, with lower downside risk. Risk Management and Return Modelling Return modelling is fundamental to the absolute return process, with the return of the fund modelled against changes in the underlying assets so as to minimise the risk of capital loss over a rolling twelve month period. Our advanced return modelling process allows us to analyse the fund performance for a range of market return and volatility scenarios. New assets, strategies, and derivative overlays are continuously evaluated in order to determine whether the overall return profile of the fund can be improved. Strategy Benefits The structured process of asset valuation and return modelling guides us in constructing portfolios which protect capital, while capturing upside from the equity and fixed income markets. The return modelling process allows us to: o Minimise the risk of losing capital. o Minimise the risk of not meeting client expectations.

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