The High Income Fund aims to provide a high level of income by investing in investment grade corporate credit with a focus on capital preservation and enhanced returns.
Why choose this fund?
The fund is actively managed, with very low duration aiming to outperform the STeFI Composite Index (cash) through time
Given the fund’s low duration, capital is not sensitive to changes in interest rates
It may be suitable as an alternative to bank deposits or money market for investors requiring income
The Fund aims primarily to provide a high level of income. The secondary aim is to maximise total return (the combination of income and capital growth)
The Fund invests primarily in high income bearing bonds (contracts to repay borrowed money which typically pay interest at fixed times), cash and other interest bearing securities (financial contracts evidencing ownership or debt)
Other investments may include the units of other funds and derivatives (financial contracts whose value is linked to the price of an underlying asset)
Fund features
A specialist fixed-income fund
Aims to deliver lower volatility than a traditional bond fund
May be suitable for investors requiring income
Bashier Omar
Managing Director, Emerging Market Fixed Income
Bashier is a portfolio manager in the Emerging Market Alternative Credit team at Ninety One. Prior...
Stephen Naidoo
Portfolio Manager
Stephen is a portfolio manager in the Emerging Market Alternative Credit team at Ninety One. He...
Investment objective summary
The Fund aims primarily to provide a high level of income. The secondary aim is to maximise total return (the combination of income and capital growth)
The Fund invests primarily in high income bearing bonds (contracts to repay borrowed money which typically pay interest at fixed times), cash and other interest bearing securities (financial contracts evidencing ownership or debt)
Other investments may include the units of other funds and derivatives (financial contracts whose value is linked to the price of an underlying asset)
Fund features
A specialist fixed-income fund
Aims to deliver lower volatility than a traditional bond fund
May be suitable for investors requiring income
Bashier Omar
Managing Director, Emerging Market Fixed Income
Bashier is a portfolio manager in the Emerging Market Alternative Credit team at Ninety One. Prior to joining Ninety One, he spent five years as the Head of Credit at Old Mutual Specialised Finance (OMSFIN) where he was responsible for developing a boutique-based credit capability that manages credit risk for the business.
Before joining OMSFIN, Bashier headed up the Old Mutual Investment Group South African credit research team. He also previously worked at OMSFIN as a debt originator and a credit analyst.
Bashier served his articles at Ernst & Young as well as having spent a year post-articles in the Forensics Services division. He graduated from the University of Cape Town with a Bachelor of Business Science (Hons) degree, majoring in Business Finance and Financial Accounting, and is a Chartered Accountant (SA).
Stephen Naidoo
Portfolio Manager
Stephen is a portfolio manager in the Emerging Market Alternative Credit team at Ninety One. He is responsible for the Investment Grade credit strategies; and has a broader role in both the Investment Grade and Credit Opportunities strategies, where he focuses on fundamental analysis and deal origination within the Financial sector, across the African continent.
Prior to his appointment as portfolio manager, Stephen was an investment specialist within the team.
Stephen holds a Bachelor of Business Science (Honours) degree in Finance from the University of Cape Town and is a CFA® Charterholder.
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