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Anchor BCI Bond Fund
Benchmark: JSE All Bond Index (ALBI)
2023Fund Manager
Nolan Wapenaar
Co-Chief Investment Officer / Head of Fixed Income
CA (SA), M Comm
+27 21 401 8971
Nolan started his fixed-income career in 1999, with experience gained in London, New York, and South Africa. He has previously worked at Rand Merchant Bank and Deutsche Bank. Nolan is responsible for Anchor's fixed-income strategies and co-leads the investment committee.
Investment Objective
The Anchor BCI Bond Fund aims to maximise income and capital growth over the medium to long term by investing in a diversified portfolio of South African fixed-income securities. The fund employs an active duration management strategy, seeking to add value through yield curve positioning and credit selection while maintaining a risk profile consistent with the JSE All Bond Index.
Investment Philosophy
The portfolio will comprise a combination of assets in liquid form and a combination of gilts and interest-bearing securities, including loan stock, semi-gilts, notes, , debenture bonds, preference shares, money-market Distributions Quarterly , bonds, corporate debt, convertible equities and non-equity 31 Mar/30 Jun/30 Sep/31 Dec securities. The portfolio may, from time to time, invest in listed and unlisted financial instruments. The manager may also include forward currency, interest rate and exchange-rate swap transactions for efficient portfolio management purposes. (PY): 0.65%
Fund Information
Risk Profile
Fund Performance
| Ann. p.a. | Since Inc. | 5 Year | 3 Year | 12 Month | 6 Month | 3 Month | MTD | |
|---|---|---|---|---|---|---|---|---|
| Fund | 11.5% | 200.1% | 13.5% | 18.4% | 31.1% | 19.2% | 7.7% | 2.4% |
| Benchmark | 11.3% | 193.9% | 13.2% | 17.5% | 28.2% | 16.8% | 6.5% | 1.7% |
Growth of R100 Since Inception
Hover over the chart to see fund and benchmark values at each point
- Fund
- Benchmark
Past performance is not indicative of future returns.
Performance Comparison (% p.a.)
- Fund
- Benchmark
Monthly Returns (%)
| Year | JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.20 | 2.40 | 4.70 | — | — | — | — | — | — | — | — | — | — |
| 2025 | 0.50 | -0.10 | 0.20 | 0.70 | 3.00 | 2.50 | 1.30 | 1.90 | 3.90 | 2.60 | 3.80 | 2.80 | 25.70 |
| 2024 | 0.50 | -0.60 | -2.00 | 1.80 | 0.60 | 5.50 | 3.60 | 3.30 | 3.90 | -2.40 | 3.00 | -0.40 | 17.60 |
| 2023 | 3.00 | -0.70 | 1.30 | -1.10 | -5.00 | 4.70 | 2.10 | 0.00 | -2.70 | 2.00 | 4.60 | 1.40 | 9.60 |
| 2022 | 0.70 | 0.70 | 0.00 | -1.60 | 1.00 | -3.50 | 2.90 | 0.10 | -2.20 | 0.80 | 4.20 | 0.40 | 3.40 |
| 2021 | 0.70 | -0.20 | -2.60 | 2.20 | 3.50 | 1.20 | 0.70 | 1.70 | -2.10 | -0.50 | 0.30 | 2.90 | 7.90 |
| 2020 | 1.10 | 0.30 | -10.70 | 4.10 | 7.70 | -0.70 | -0.10 | 0.80 | -0.30 | 0.80 | 3.40 | 2.40 | 8.00 |
| 2019 | 2.80 | 0.00 | 1.00 | 1.10 | 0.60 | 1.90 | -0.40 | 1.40 | 0.20 | -0.70 | 0.80 | 1.80 | 11.10 |
| 2018 | 1.50 | 3.20 | 2.10 | -0.50 | -1.40 | -1.30 | 2.60 | -2.40 | 0.30 | -1.50 | 4.10 | 0.40 | 7.00 |
| 2017 | 1.30 | 1.00 | 0.60 | 1.40 | 1.10 | -0.50 | 1.40 | 1.30 | 1.10 | -1.90 | -0.30 | 4.70 | 11.60 |
| 2016 | -0.30 | 2.10 | 1.60 | -1.30 | 4.00 | 1.80 | -1.10 | 2.80 | 0.60 | -1.30 | 1.40 | 10.70 | — |
Top Holdings
Asset Allocation
Fund Manager Commentary
Important Information
Collective Investment Schemes in Securities (CIS) should be considered as medium to long-term investments. The value may go up as well as down and past performance is not necessarily a guide to future performance. CIS are traded at the ruling price and can engage in scrip lending and borrowing. A schedule of fees, charges and maximum commissions is available on request from the Manager. Commission and incentives may be paid and if so, would be included in the overall costs. A CIS may be closed to new investors in order for it to be managed more efficiently in accordance with its mandate. Performance has been calculated using net NAV to NAV numbers with income reinvested.