SA Unit Trust

Ninety One STeFI Plus Fund

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Objective

Investment objective summary

  • The Fund aims to provide a return in excess of the returns typically provided by money market funds
      • The Fund will also seek to maintain a high degree of liquidity (ability to convert investments to cash easily) and capital preservation. However, this is not guaranteed
      • The Fund invests primarily in short term money market instruments (tradable securities where money can be invested for short periods) but will have the opportunity to buy longer dated fixed income securities (contracts to repay borrowed money which typically pay interest at fixed times) should the market conditions permit
      • Aims to provide a low exposure to risk
      • Other investments may include the units of other funds and those eligible securities not listed on a recognised stock exchange. Investment in derivatives may be used for hedging and efficient portfolio management purposes and will not be used to leverage or gear the fund

      Fund features

      • Designed for investments of six months and longer, and includes only investment-grade credit
      • Seeks to provide lower volatility than traditional income and bond funds, but higher volatility than money market funds
      • The Fund is a short term money fund and while it aims to preserve capital, this is not guaranteed
      Lisa MacLeod
      Portfolio Manager
      Lisa is a portfolio manager within the South African Rates team at Ninety One responsible for...
      Team
      Portfolio Manager

      Performance & returns

      Literature & factsheets

      Portfolio & Holdings

      Date as of 28/02/2026
      Sum Of Local Assets
      100
      Floating Rate Notes
      74.1
      Cash / Money Market
      25.9

      Distributions & yields

      Specific fund risks

      Geographic / Sector

      Investments may be primarily concentrated in specific countries, geographical regions and/or industry sectors. This may result in wider fluctuations in the value of the portfolio compared to more broadly invested portfolios.

      Interest rate

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

      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.