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Foord Income Fund

For investors seeking high income yields with low tolerance for loss over an investment horizon of six months to one year.

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INVESTMENT OBJECTIVE

To provide an income yield exceeding returns from money market portfolios with low probability of capital loss over an investment horizon of six months to one year.

FOR SOUTH AFRICAN INVESTORS

  • Seeking income yields exceeding money market portfolios
  • With low tolerance for capital loss

Characteristics
Benchmark

Alexander Forbes STEFI  Composite Index

Time horizon

Six months to one year

Inception date

1 October 2022

Minimum investment

R20 000 lump sum or R1 000 per month

Significant restrictions

Zero equity exposure; zero offshore exposure; maximum weighted average duration of two years; complies with retirement fund investment regulations (Regulation 28)

Income distributions

End-March, end-June, end-September and end-December each year

Income characteristics

High income yield, expected to exceed average money market yields.

Portfolio orientation

A dynamic mix of listed and unlisted SA fixed interest securities and listed property counters, with some select foreign securities and active currency management. Weighted average duration is typically less than three years.

Foreign assets

Direct investment in global non-equity hard-currency securities, with active currency management.

Risk of loss

Low in periods longer than one year, moderate in periods shorter than six months.

Fees
Initial, Exit and Switching Fees

0.0%

Fee Structure

Fixed

Insights

24 Jun 2025

South Africa at a Crossroads: Power, Policy and Potential

Join Foord portfolio manager Nancy Hossack in conversation with political economist, Frans Cronje for an exclusive webinar on South Africa’s political and economic landscape. The discussion will cover the…

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06 Jun 2025

MARKETS IN A NUTSHELL — FOR MAY 2025

In our monthly podcast, ‘Markets in a nutshell’, Linda Eedes explores what made May 2025 one of the strongest months for equity markets in the past year and whether the rebound is built on solid ground. She also…

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