STeFI Plus Funds

The Futuregrowth Yield Enhanced A STeFI+ Short Term Composite targets high cash returns through active interest rate risk management, active yield curve bets, moderate credit concentrations in lower rated entities, credit arbitrage, moderate market and credit derivative usage.

For more information on this fund, please email fundinfo@futuregrowth.co.za.

The Composite’s weighted average rated credit quality must be a minimum of A-. The benchmark is the South African STeFI Composite Index.

Objective

The Composite aims to outperform the STeFI + 0.25% per annum over a rolling 12-month period.

Composition

The Composite invests in a wide range of government, parastatal, corporate debt, securitised and money market assets, subject to credit committee approval and whose relative value is expected to increase over time. 100% of this Composite can be invested in unlisted credit.

Yield Enhanced Strategy

Our yield enhanced strategy relies on maintaining strong relationships with market players. This allows us to see a large degree of dealflow on a continuous basis and keep an eye on ever-evolving credit events in the market. In the unlisted space, our specialist structuring skills allow us to make loans that ensure lenders achieve the greatest degree of investor protection through loan terms, covenants and security while ensuring risk-adjusted returns with good diversification.

Note: Thina Tiyo has been seconded to Old Mutual from 1 April to 31 October 2024. Thina will return to Futuregrowth on 1 November 2024 and resume her role as Portfolio Manager and member of the Private Debt team.

The Futuregrowth Yield Enhanced A STeFI+ Composite targets high cash returns through active interest rate risk management, active yield curve bets, moderate credit concentrations in lower rated entities, credit arbitrage, moderate market and credit derivative usage.

For more information on this fund, please email fundinfo@futuregrowth.co.za.

The Composite’s weighted average rated credit quality must be a minimum of A+ (AA/AA- if converted to official ratings). The benchmark is the South African STeFI Composite Index.

Objective

The Composite aims to outperform the STeFI + 1.37% per annum over a rolling 12-month period.

Composition

The Composite invests in a wide range of government, parastatal, corporate debt, securitised and money market assets, subject to credit committee approval and whose relative value is expected to increase over time. 100% of this Composite can be invested in unlisted credit.

Yield Enhanced Strategy

Our yield enhanced strategy relies on maintaining strong relationships with market players. This allows us to see a large degree of dealflow on a continuous basis and keep an eye on ever-evolving credit events in the market. In the unlisted space, our specialist structuring skills allow us to make loans that ensure lenders achieve the greatest degree of investor protection through loan terms, covenants and security while ensuring risk-adjusted returns with good diversification.

Note: Thina Tiyo has been seconded to Old Mutual from 1 April to 31 October 2024. Thina will return to Futuregrowth on 1 November 2024 and resume her role as Portfolio Manager and member of the Private Debt team.

The Futuregrowth Yield Enhanced BBB STeFI+ Composite targets high cash returns through active interest rate risk management, active yield curve bets, high credit concentrations in lower rated entities, credit arbitrage, high market and credit derivative usage.

For more information on this fund, please email fundinfo@futuregrowth.co.za.

The Composite’s weighted average rated credit quality must be a minimum of BBB. The benchmark is the South African STeFI Composite Index.

Objective

The Composite aims to outperform the STeFI + 4% per annum over a rolling 12-month period.

Composition

The Composite invests in a wide range of government, parastatal, corporate debt, securitised and money market assets, subject to credit committee approval and whose relative value is expected to increase over time. 100% of this Composite can be invested in unlisted credit.

Yield Enhanced Strategy

Our yield enhanced strategy relies on maintaining strong relationships with market players. This allows us to see a large degree of dealflow on a continuous basis and keep an eye on ever-evolving credit events in the market. In the unlisted space, our specialist structuring skills allow us to make loans that ensure lenders achieve the greatest degree of investor protection through loan terms, covenants and security while ensuring risk-adjusted returns with good diversification.

The Futuregrowth Yield Enhanced BB STeFI+ Composite targets high cash returns through active interest rate risk management, active yield curve bets, high credit concentrations in lower rated entities, high market and credit derivative usage, as well as equity risk.

For more information on this fund, please email fundinfo@futuregrowth.co.za.

The Composite’s weighted average rated credit quality must be a minimum of BB-. The benchmark is the South African STeFI Composite Index.

Objective

The Composite aims to outperform the STeFI + 4.5% per annum over a rolling 3-year period.

Composition

The Composite invests in a wide range of government, parastatal, corporate debt, securitised and money market assets, subject to credit committee approval and whose relative value is expected to increase over time. 100% of this Composite can be invested in unlisted credit.

Yield Enhanced Strategy

Our yield enhanced strategy relies on maintaining strong relationships with market players. This allows us to see a large degree of dealflow on a continuous basis and keep an eye on ever-evolving credit events in the market. In the unlisted space, our specialist structuring skills allow us to make loans that ensure lenders achieve the greatest degree of investor protection through loan terms, covenants and security while ensuring risk-adjusted returns with good diversification.