Investec GSF Global Bond Fund A Acc

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Investec GSF Global Bond Fund A Acc

Investec GSF Global Bond Fund A Acc

Investec Global Strategy Fund Limited (Luxembourg)
	Investec GSF Global Bond Fund A Acc
		News
		Regional Portfolio Structure(Semi-Annual Comparison)

Price

Ranking

Sector:	Global-Fixed Interest-Bond
Size:	(USD) 154 000 000

Sector Rank:	4 out of 8
(lump sum over 3 years to 31 Jan 2012)

Overall Rank:	101 out of 161
(lump sum over 3 years to 31 Jan 2012)

R20000 invested on 31 Jan 2009 was worth R20 033 at 31 Jan 2012
(0.06% annual compound return)

R5000 per month since 31 Jan 2009 was worth R202 794 at 31 Jan 2012
(7.62% annual return compounded monthly)

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.

Management
Mr Russell Silberston
In 1982 Russell joined Samuel Montagu and Co where he was involved in Eurobond settlements, before working on the Floating Rate Note trading desk. In 1986 Russell joined Clive Discount Company as a FRN trader and in 1989 he commenced trading Interest Rate Futures and Options. Additionally, Russell was responsible for the European Currency Unit Treasury Bill market-making program. Russell ran the off balance-sheet proprietary trading desk from 1994 until 1997, during which time he was appointed to the Executive Committee of Clive Securities Group, and in 1998 to the Operations Forum of Investec Bank (UK) Limited. Russell joined Investec Asset Management during 1998 as a fund manager with specific responsibility for short-end cash products.

John Stopford, MA (Hons), CFA
John is the South African and international fixed income strategist and portfolio manager on a number of institutional and retail funds. He is also head of fixed income in the UK responsible for the global and South African bond processes. John joined Guinness Flight Hambro in 1993 as a member of the bond team and developed its North American institutional business. In 1995 he took responsibility for the company's investments in emerging bond and currency markets, including the South African market. Following the merger between Investec Asset Management and Guinness Flight in 1998, John relocated to Cape Town. Prior to joining Investec Asset Management, John worked in London and Tokyo as a specialist global bond and currency portfolio manager for Mitsui Trust Asset Management. He holds a Master of Arts (Honours) degree in Chemistry from Pembroke College, Oxford University. He received the Chartered Financial Analyst charter in 1995.

Focus and Objective
The fund aims both to provide income and to protect and maximise the real asset value of its investments in terms of their international purchasing power by means of the management and diversification of currency exposure and investment in fixed interest bearing securities of varying maturities.

Technical Overview
Benchmark:	Citigroup WGBI TR USD
Allows debit orders?	No	Management fee (p.a.):	1.00%
Annual trailer fee:	Subject to certain conditions been met.	Min lump sum:	�2 000, $3 000 or Eur 2 500
Base currency:	USD	Minimum lump sum:	$3 000
Broker comm payable?	Yes	Modified duration:	5.06
Custodian fee:	0.125%	Original price:	USD 20.00
Domicile:	Luxembourg	Performance fee?	No
Exit fee?	No	Pricing system:	Forward
Formation date:	01 Jul 1988	Promotional fee:	0.15%
Is this fund a roll-up fund?	Yes	Registrar fee:	0.05%