Botswana Unit Trust

Ninety One Botswana Managed Fund

Latest NAV Price

2.21
18 September 2020

NAV daily change %

-0.46

Dealing currency

BWP

Fund size

BWP 1.08 B
31 August 2020

Latest NAV Price

2.21
18 September 2020

NAV daily change %

-0.46

Dealing currency

BWP

Fund size

BWP 1.08 B
31 August 2020

Objective

Investment objective summary

  • The Fund aims to provide investors with long-term capital growth through a well diversified portfolio
      • The Fund invests both in domestic and international equity and fixed-income markets
      • This multi-asset fund will appeal to investors who do not want to actively manage their own asset allocation
      • The portfolio managers take an active approach to asset allocation, seeking to balance the opportunity for wealth accumulation against the risk of capital loss

      Fund feature

      • Excellent local and global diversification opportunities within one integrated portfolio
      • An actively managed portfolio and flexible investment style
      • Strong focus on long-term capital growth
      Rüdiger Naumann
      Portfolio Manager
      Pako Thupayagale
      Portfolio Manager
      Richard Ladbrook
      Portfolio Manager

      Performance & returns

      18/09/2020
      The value of investments, and any income generated from them, can fall as well as rise. Past performance is not a reliable indicator of future results. If the currency shown differs from your home currency, returns may increase or decrease as a result of currency fluctuations. Investment objectives and performance targets may not necessarily be achieved, losses may be made. We recommend that you seek independent financial advice to ensure this Fund is suitable for your investment needs. Where a shareclass has been in existence for less than 12 months, performance is not disclosed. No representation is being made that any investment will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided.

      Key facts & Downloads

      • Domicile

        Botswana
      • Risk profile

        4
      • ISIN

        ZAE000133534
      • Fund inception date

        05/06/2009
      • Unit inception date

        05/06/2009
      • Benchmark

        25% Botswana Domestic Company Index, 12.5% Flemings Aggregate Bond Index, 7.5% Cash, 35.75% MSCI AC World Index (MSCI World Index prior to 1 January 2011), 19.25% FTSE World Government Bond Index
      • Valuation & transaction cut-off

        16.00 SA Time (forward pricing)
      • Minimum investment

        P10,000

      Charges

      Initial fund fee %

      0.00

      Annual management fee %

      1.75

      Maximum annual management fee %

      1.75

      Total expense ratio (TER) %

      1.94

      Transaction cost %

      0.07

      Total investment charge %

      2.01
      Fee rates are shown excluding VAT. TER, Transaction cost and Total investment charge are shown including VAT.

      Specific fund risks

      Currency exchange

      Changes in the relative values of different currencies may adversely affect the value of investments and any related income.

      Default

      There is a risk that the issuers of fixed income investments (e.g. bonds) may not be able to meet interest payments nor repay the money they have borrowed. The worse the credit quality of the issuer, the greater the risk of default and therefore investment loss.

      Derivatives

      The use of derivatives is not intended to increase the overall level of risk. However, the use of derivatives may still lead to large changes in value and includes the potential for large financial loss. A counterparty to a derivative transaction may fail to meet its obligations which may also lead to a financial loss.

      Developing Market (excluding SA)

      Some of the countries in which the Fund invests may have less developed legal, political, economic and/or other systems. These markets carry a higher risk of financial loss than those in countries generally regarded as being more developed.

      Interest rate

      The value of fixed income investments (e.g. bonds) tends to decrease when interest rates rise.

      Specific risks

      Please contact Ninety One for further information.

      Distributions and Yields

      Most recent distribution payments
      Distribution amount
      BWP0.0020
      Declaration Date
      31 March 2020
      Ex-distribution date
      01 April 2020
      Payable date
      02 April 2020

      All information and opinions provided are of a general nature and are not intended to address the circumstances of any particular individual or entity. We are not acting and do not purport to act in any way as an adviser or in a fiduciary capacity. No one should act upon such information or opinion without appropriate professional advice after a thorough examination of a particular situation. We endeavour to provide accurate and timely information but we make no representation or warranty, express or implied, with respect to the correctness, accuracy or completeness of the information and opinions. We do not undertake to update, modify or amend the information on a frequent basis or to advise any person if such information subsequently becomes inaccurate. Any representation or opinion is provided for information purposes only. The prospectus of this fund may be acquired free of charge, from Ninety One Fund Managers Botswana (Pty) Ltd, Unit 5, Plot 64511, Fairgrounds, Gaborone, Botswana.

      The value of this investment may go down as well as up and the return on the investment will therefore necessarily be variable. Neither past experience nor the current situation are necessarily accurate guides to the future. Ninety One Fund Managers Botswana (Pty) Ltd is regulated by the Non-Bank Financial Institutions Regulatory Authority. The TER shows the percentage of the average Net Asset Value of the portfolio that was incurred as charges, levies and fees relating to the management of the portfolio. A higher TER ratio does not necessarily imply poor return, nor does a low TER imply a good return. The current TER cannot be regarded as an indication of the future TERs.

      Offshore funds are sub-funds in the Ninety One Global Strategy Fund, 49 Avenue J.F. Kennedy, L-1855 Luxembourg, Grand Duchy of Luxembourg.

      Performance data source: © Morningstar.
      BT unit trust: NAV to NAV net of fees with income reinvested.
      GSF funds: NAV based, (net of fees, excluding initial charges), total return, in the share class dealing currency. Performance would be lower had initial charges been included.

      Morningstar Analyst rating™: Copyright © 2020. Morningstar. All Rights Reserved. The information, data and opinions expressed and contained herein are proprietary to Morningstar and/or its content providers and are not intended to represent investment advice or recommendation to buy or sell any security; are not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this Rating, Rating Report or Information contained therein.

      The overall rating for a fund, often called the ‘star rating’, is a third party rating derived from a quantitative methodology that rates funds based on an enhanced Morningstar™ Risk-Adjusted Return measure. ‘Star ratings’ run from 1 star (lowest) to 5 stars (highest) and are reviewed at the end of every calendar month. The various funds are ranked by their Morningstar™ Risk-Adjusted Return scores and relevant stars are assigned. It is important to note that individual shareclasses of each fund are evaluated separately and their ratings may differ depending on the launch date, fees and expenses relevant to the shareclass. In order to achieve a rating the share class of a fund must have a minimum three-year performance track record.

      For a full description of the ratings, please see our ratings guide. A rating is not a recommendation to buy, sell or hold a fund.

      The portfolio may change significantly over a short period of time. This is not a buy or sell recommendation for any particular security. Figures may not always sum to 100 due to rounding. 

      For an explanation of statistical terms, please see our glossary.