Specialist Fixed Income

Our fixed income portfolios are managed to produce real return rates or periodic income, received at regular intervals and at reasonably predictable levels. We invest in cash, money market and bond instruments.

Conservative Cash Strategy

Specialist Cash Strategies

Prowess 90 Day Money Market Fund

Investor Profile

For investors who are looking to save for a specific short-term goal, desire to achieve capital preservation, want to maximize interest income and are looking for high liquidity.

Fund Description

This is a low-risk portfolio focused on preserving capital by investing in a blend of high quality and highly liquid short-dated instruments that offer value on a relative basis. The fund offers diversification by investing in fixed income securities that are designed to generate competitive returns that are higher than the Short-Term Fixed Interest Composite Index (STEFI) benchmark. The portfolio has a firm cash benchmark with a targeted return.

It can be allocated in a retirement fund’s investment strategy as a portion of the cash allocation in a balanced portfolio.

Benchmark: Short Term Fixed Interest Composite Index (STEFI)

Regulation 28: Yes

Structure: Pooled/Segregated/CIS

Prowess Money Market 27Four Fund – March 2024

Fund Managers

Prowess 180 Day Money Market Fund

Investor Profile

For institutional clients with various risk profiles and can be allocated in a retirement fund’s investment strategy as a portion of the money market allocation in a balanced portfolio.

Fund Description

The Fund seeks to produce returns that are superior to the Short Term Fixed Interest (”STEFI”) Composite Index by seeking investment opportunities in the fixed income market that offer value on a relative basis. The Fund’s strategy is to build a diversified portfolio that achieves a higher weighted average yield over risk free rates while minimising volatility.

Benchmark: Short Term Fixed Interest Composite Index (STEFI)

Regulation 28: Yes

Structure: Pooled/Segregated

Prowess 180-Day Money Market Fund – March 2024

Fund Managers

Enhanced Cash Strategy

Specialist Cash Strategies

Listed Core Bond Strategy

Specialist Bond Strategies

Prowess Unlisted Corporate Bond Fund

Investor Profile

For institutional clients with various risk profiles looking for predictable income and medium to long-term capital growth over time.

Fund Description

The Fund’s strategy is to build a diversified portfolio that achieves a higher weighted average yield over risk free rates while minimising volatility. The investment strategy combines a top-down strategic, long-term market view with bottom-up security selection as performance enhancing strategies.

The Fund invests in a diversified range of listed and unlisted fixed interest securities including, but not limited to, government, semi-government, corporate bonds, fixed deposits, money market and other interest-bearing securities that offer value on a relative basis.

It seeks to produce returns that are superior to the FTSE/JSE All Bond Index (ALBI) by seeking investment opportunities in the fixed income market that offer value on a relative basis.

Benchmark: FTSE/JSE All Bond Index (ALBI)

Regulation 28: Yes

Structure: Pooled/Segregated

For more information please contact: businessdevelopment@prowessinvestments.com

Fund Managers

Unlisted Core Bond Strategy

Specialist Bond Strategies

Inflation Linked Bond Strategy

Specialist Bond Strategies

Prowess Impact Bond Fund

Investor Profile

For institutional clients with various risk profiles who seek medium to long-term capital growth while investing for social impact.

Fund Description  

The fund’s strategy is to build a diversified portfolio that achieves a higher weighted average yield over risk free rates while minimising volatility. The investment strategy combines a top-down, strategic, long-term market view with bottom-up security selection as performance enhancing strategies.

The Fund invests in a diversified range of listed and unlisted fixed interest securities, including but not limited to government, semi-government, corporate bonds, fixed deposits, money market and other interest-bearing securities that offer value on a relative basis.

The portfolio invests in local bonds and other interest-bearing and debt instruments that positively support and provide funding for social upliftment and infrastructure development. The social responsibility objectives of this fund are investing in projects with a direct and evident impact on working class communities. These include investing in low-cost housing; water and sanitation services; welfare services; public health; and educational and training projects.

The Fund seeks to produce returns that are superior to the FTSE/JSE All Bond Index (ALBI) by seeking investment opportunities in the fixed income market that offer value on a relative basis.

Benchmark: FTSE/JSE All Bond Index (ALBI)

Regulation 28: Yes

Structure: Segregated

Prowess Impact Bond Fund – March 2024

Fund Managers

Impact Bond Strategy

Liability Driven Investment Strategy

Liability Driven Investment Mandates

Investor Profile

This strategy is suitable for investors (Retirement Funds, Insurers, Corporates and/or Institutions) who want bespoke portfolio solutions that have been customised based on their unique investment requirements.

Fund Description

Prowess’ Liability Driven Investment (LDI) strategy offers our clients a customised solution that allows them to manage assets relative to their liabilities (both present and future obligations). It aims to offer investors stable and consistence performance over time, underpinned by a robust investment process.

The portfolio provides a rigorous and disciplined risk management framework that hedges the risk profile of liabilities by using various fixed income assets. It seeks alpha generating investment strategies in the fixed income space to enhance investor returns.

For more information please contact: businessdevelopment@prowessinvestments.com

Fund Managers

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