Corporate solutions

Flexible solutions designed to preserve capital, provide liquidity and enhance yield. A natural home for corporate short-term cash.

Maintaining sufficient liquidity and capital is key to meeting the operational requirements of any business.

At the same time, there is a need to optimise the potential return of your cash reserves. If you’re seeking a home for your operational and strategic cash, Ninety One is here for you.

As active managers with more than 3 decades of successfully investing across market cycles, we can help you build the most effective cash strategy.

Our Corporate Solutions fund range is designed to meet your liquidity needs and safeguard your capital while you benefit from attractive income and yield opportunities.

Fund overview and features

Key benefits of our funds

Key benefits of our funds

Key benefits of our funds

Cash funds

An alternative to bank call accounts that aims to deliver yields of 80-100 basis points above call accounts:

Corporate Money Market Fund

The fund is ideal for operational cash and provides same day liquidity. It invests in South African money market instruments, which include bank, government-issued and guaranteed-parastatal paper.

GCR Ratings Badge - AA+

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Money Market Fund

The fund is ideal for operational cash and provides same day liquidity. It invests in South African money market instruments, which include bank, conduit, government- issued and guaranteed-parastatal paper.

GCR Ratings Badge - AA+

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Enhanced yield funds

An alternative to fixed deposits that targets yields similar to 9-12 month fixed deposits but with next day liquidity:

STeFI Plus Fund

The fund is ideal for strategic and core cash with a time horizon of greater than 3 months. Liquidity is T+1 with no penalties for early withdrawals. It invests in the same counterparties as the Corporate Money Market Fund but has exposure to slightly longer-dated instruments, hence the higher yield.

GCR Ratings Badge - AA

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High Income Fund

The fund is ideal for strategic and core cash with a time horizon of greater than 6 months. Liquidity is T+1, although we would like investors to remain invested for a minimum of 6 months. The fund can best be described as a conservative and highly diversified investment-grade, floating-rate note, corporate credit fund.

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Diversified Income Fund

The fund is ideal for strategic and core cash with a time horizon of greater than 12 months. Liquidity is T+1, although we would like investors to remain invested for a minimum of 12 months. This multi-asset income fund aims to provide a high level of income while seeking opportunities to maximise capital growth. It has a capital protection bias and invests in a diverse range of instruments including money market, bonds, investment-grade credit, property, and currency (SA and offshore exposure).

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Stable Income Fund

The fund is ideal for strategic and core cash with a time horizon of greater than 12 months. Liquidity is T+1, although we would like investors to remain invested for a minimum of 12 months. This multi-asset income fund is Regulation 30-complient, making it suitable for medical schemes. It aims to provide a high level of income while seeking opportunities to maximise capital growth. It has a capital protection bias and invests in a diverse range of instruments including money market, bonds, investment-grade credit, property and currency (SA and offshore exposure).

Fund overview

A well-diversified offering

We provide a range of specialist cash mandates across the risk and return spectrum, with all portfolios based on our core fixed income process. Our funds are tailored to meet your needs – whether you’re looking for a home for operational cash or longer-term money.

Corporate Solutions  - Fund overview

Our key fund features

Characteristics Money Market Fund Corporate Money Market Fund STeFI Plus Fund
FSCA-regulated unit trust
Credit rating (unit trust) Global Credit Rating AA+(ZA)(f) Global Credit Rating AA+(ZA)(f) Global Credit Rating AA(ZA)(f)
Liquidity Same day Same day Liquidity is T+1
Max average duration 90 days 90 days 180 days
Ideal investment Alternative to call and fixed deposits
Operational cash
Alternative to call and fixed deposits
Operational cash
Alternative to fixed deposits
Core and strategic cash
3-6 months or longer
Exposure limits Maximum exposure Maximum exposure Maximum exposure
SA Government 100% 100% 100%
Big four banks 25% 30% 30%
Foreign banks
(full branches)
25% 25% 25%
Investec 20% 20% 20%
Corporates 10% N/A N/A
Conduits 5% N/A N/A
Cut-off times 12:00 for withdrawals and deposits 12:00 for withdrawals and deposits 14:30 for withdrawals and deposits
Pricing methodology Constant NAV Constant NAV Variable NAV (daily MTM)
Fees (investment
size dependent)
15bps - 50bps 15bps - 50bps 20bps - 60bps

Characteristics High Income Fund Diversified Income Fund Stable Income Fund* (Regulation 30 compliant)
FSCA-regulated unit trust N/A
Credit quality Investment grade only Investment grade only Investment grade only
Liquidity Liquidity is T+1 Liquidity is T+1 Liquidity is T+1
Max average duration 2 years 2 years 2 years
Ideal investment Core and strategic cash
6 months or longer
Core and strategic cash
12 months or longer
Core and strategic cash
12 months or longer – suitable for medical schemes
Fund invests in High-yielding assets, predominantly government and corporate floating-rate notes as well as bank deposits and money market instruments
Same investment philosophy,
process and risk-return profile as Diversified Income Fund; similar portfolio composition; life licence; Reg. 30 compliant
Cut-off times 14:30 for withdrawals and deposits 14:30 for withdrawals and deposits 14:30 for withdrawals and deposits
Pricing methodology Variable NAV (daily MTM) Variable NAV (daily MTM) Variable NAV (daily MTM)
Fees (investment size dependent) 40bps - 80bps 40bps - 80bps 40bps - 80bps**

*PA- and FSCA-regulated pooled life fund. Only available to untaxed investors including retirement funds, medical schemes and life insurers.
**The Ninety One Stable Income Fund is not a Collective Investment Schemes (CIS) fund but a pooled life fund, which means that the management fee is VAT exempt.

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Meet our highly experienced investment team

Our specialist team, dedicated to SA fixed income, focuses on cash management solutions for JSE-listed companies, private firms, public sector entities, banks and other asset managers.

More than 30 investment professionals share their expertise in areas such as the economy, rates and credit. Our team has developed a robust investment philosophy and process for managing fixed income mandates – honed over 30 years.

Peter Kent
Lisa MacLeod
Adam Furlan
Stephen Naidoo
Bashier Omar
Malcolm Charles
Vivienne Taberer

A dedicated client service team

Quaniet Richards
Sizwe Mhlongo
Francois Reynecke
Francois Venter
Meet our Head of Corporates - Quaniet Richards

Quaniet Richards, Head of Corporates, shares his perspective on how innovation and partnership are reshaping South Africa’s corporate cash landscape, highlighting key trends and the growing role of digital solutions.

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Your trusted partner for cash management

1
Managing cash in money market funds since 1997

2
Regulated and highly accredited solutions tailored to clients’ needs

3
More than R723 billion* in global fixed income assets under management 

4
A strong focus on capital preservation, liquidity and yield enhancement

Important information

The information, views and opinions provided are general in nature, for informational purposes only, and should not be construed as advice. No action should be taken without appropriate professional guidance. We do not act as advisors or in a fiduciary capacity. While we strive for accuracy and timeliness, we make no guarantees as to completeness or correctness and are not obliged to update the information. This material does not constitute a full summary of the risks associated with any product, fund, service or strategy. Relevant risk disclosures are available in the applicable documents, which can be requested free of charge. For details on specific funds, please refer to the relevant fact sheets. For mandatory disclosures about this investment, further important information on indices, fund ratings, yields, targeted or projected performance returns, back tested results, model return results, hypothetical performance returns, the investment team, the investment process and specific portfolio names, please click here.