The Income Fund is a low risk, fixed income fund which aims to outperform the top quartile money market funds yet maintain a conservative profile. The approach is similar to a typical money market fund but with a longer modified duration of 180 days, underpinned by a strong philosophy that seeks to consistently deliver superior risk adjusted returns over various market cycles. Our active management of the Fund seeks to enhance yield by actively managing interest rate risk and credit risk through the cycle.

The Fund aims to return CPI + 3% per annum through a full interest rate cycle while providing stability by aiming never to lose capital over any rolling 3 month period. The Fund is Regulation 13 compliant and at least 45% is invested in Namibian assets.

This Fund invests in local and offshore money market, bonds, inflation-linked bonds and derivatives were applicable to meet the investment objectives. Fund performance can be generated from taking interest rate views or duration, yield enhancement via credit instruments, asset allocation between income producing asset classes, offshore exposure and also via the use of derivatives. Risk is also mitigated by applying credit limits of A and A1/F1 or better for bond and money market instruments respectively.

The Fund is suitable for investors seeking a low to medium risk offering aiming to maximise income via exposure to Namibian and South African Money and Bond markets. This Fund is suitable to investors with a short- to medium-term investment horizon.

The minimum investment for the Fund is a N$10 000 lump-sum or a N$1000 monthly contribution.

Initial Fee: 0.00%
Annual Management Fee: 0.75%