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STANLIB Offshore US Dollar Fund
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STANLIB Offshore US Dollar Fund
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Ranking
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Sector:
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USA-Fixed Interest-Money Market |
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Size:
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(USD) 13 500 000 |
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Sector Rank:
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5 out of 7 |
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(lump sum over 3 years to 28 Feb 2010)
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Overall Rank:
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54 out of 184 |
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(lump sum over 3 years to 28 Feb 2010)
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| R20000 invested on 28 Feb 2007 was worth R22 115 at 28 Feb 2010 |
(3.41% annual compound return)
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| R5000 per month since 28 Feb 2007 was worth R179 295 at 28 Feb 2010 |
((0.25)% annual return compounded monthly)
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| Please note that offshore fund performance figures are calculated from NAV prices (ie, equivalent to sell-to-sell) and therefore not directly comparable to domestic fund performance figures on this site. |
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Management
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| Marc Wait |
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| Standard Bank Offshore currency funds are feeder funds, which invest directly into the Fidelity Funds range of currency funds. The Standard Bank Offshore currency funds are managed by Standard Bank Unit Trusts Jersey Limited, the Management Company, which is a subsidiary of Standard Bank Offshore Group and ultimately Stanbic. |
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Focus and Objective
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Objective
The Fund invests across a diversified range of short-term instruments with the aim of maintaining capital value whilst producing a return to the investor. The Fund will invest in instruments with maturity or interest rate re-fixing date of less than one year. Securities held typically include Certificates of Deposit, Commercial Paper, deposits, Floating Rate Notes, Treasury Bills and Short-date bonds. It is expected that the average maturity will generally be under 60 days.
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Technical Overview
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| Benchmark: |
London Euro-Currency 1-month US Dollar Libid index |
| Allows debit orders? |
No |
Is this fund a roll-up fund? |
Yes |
| Annual trailer fee: |
0.25% |
Management fee (p.a.): |
1.00% |
| Base currency: |
USD |
Min further amounts: |
US$1 000 |
| Broker comm payable? |
Yes |
Min lump sum: |
US$2 500 |
| Custodian fee: |
0.10% |
Minimum lump sum: |
$2 500 |
| Domicile: |
Jersey |
Minimum monthly: |
$1 000 |
| Exit fee? |
No |
Original price: |
USD 0.10 |
| Formation date: |
02 May 1997 |
Performance fee? |
No |
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