This rand denominated fund aims to provide an alternative to call accounts.
Focus on maximising interest income, while protecting capital.
Provides daily liquidity to investors by investing in short-term money market instruments.
The investment mandate of the portfolio is stricter than a typical money market fund.
Investment philosophy
Maximum fund weighted average duration is 90 days
Maximum instrument term to final maturity is 13 months
Maximum fund weighted average term to maturity is 120 days
The fund provides diversification across counterparties with set maximum exposure
Key facts
Risk profile
Low
Minimum investment
Lump sum
R10 000
Debit order
R250
ASISA Sector
SA-Interest Bearing - SA Money Market
Inception date
28 February 2018
Benchmark
STeFI Call Deposit ZAR
Fund managers
Investment Manager
Taquanta Asset Management
Taquanta Asset Management is one of the largest independent specialist cash and fixed income managers in South Africa and was formed as an independent group in 2007. Their fixed income team, consisting of former treasury professionals, possess skills that are clearly differentiated from generic cash and fixed income asset managers. The firm is amongst the top ranked cash managers in the country. The investment team at Taquanta has managed the Prime Money Market Fund since its inception in 2018.
On-going charges, expressed as a percentage of the fund, include the annual management fee charged by the Investment Manager plus other costs associated with the running of the fund including those charged by the fund’s administrator, depositary, auditors etc and any other out of pocket expenses that may be incurred.
Transaction Costs, expressed as a percentage of the Fund, relate to the costs incurred in buying and selling the underlying assets of the Fund.
The Total Investment Charges expressed as a percentage of the Fund, relates to all investment costs of the Fund; the ongoing charges added to the transaction costs. Both the ongoing charge and transaction costs of the Fund are calculated on an annualised basis.
Proxy voting
No proxy data available for the fund
Investee company
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Result
Select the relevant share class to see income distribution