Unrestrained worldwide exposure and ideal for the South African investor with a moderate to high risk profile and investment horison of 3-5 years
Description
The fund invests in a combination between South African and global markets and can vary this ratio without any prescribed jurisdictional limits. It may invest in local and offshore Equities, Precious Metals, Listed Property, Bonds, Money market instruments and derivatives to meet its investment objectives.
Objective
The fund aims to generate consistent moderate to high capital growth over the long term. The objective is also to outperform its benchmark on a risk adjusted return basis over any rolling 24-month period.
Strategy
The strategy focusses on active asset allocation as the main contributor of returns. Long standing cause and effect relationships between asset classes and financial indicators is monitored to determine the relative value of asset classes to cash and each other. Tactical decisions are balanced and weighted across multiple valuation disciplines.
Access
Return summary, net of fees
Steer FR Worldwide Flexible Fund, Class 1 · as at 31 August 2026 · annualised, except year to date which is cumulative
Year to date
1 year
2 years
3 years
Since inception
Source: Minimum Disclosure Document, net of the total expense ratio, all income reinvested. Past performance is not necessarily an indication of future performance.
Deepest fall, and the gain needed to recover
Steer FR Worldwide Flexible Fund, Class 1 · Jan 2024 to Aug 2026 · drawn to scale
Maximum drawdown is the largest fall from a peak to the following trough before a new peak is set. Recovery is arithmetic: a fall of d requires a gain of d ÷ (1 − d) to break even. The comparison is the fund's official benchmark, the ASISA Worldwide Multi-Asset Flexible category average, measured over exactly the same months. Past performance is not necessarily an indication of future performance.
Risk-adjusted picture
Steer FR Worldwide Flexible Fund, Class 1 · Jan 2024 to Aug 2026 · against the fund's own benchmark
Volatility — lower is better
Return per unit of volatility — higher is better
Calmar ratio — return per unit of drawdown, higher is better
Volatility is annualised standard deviation. Return per unit of volatility is the annualised return over the period shown divided by volatility; it is not a Sharpe ratio, as no risk-free rate is deducted. Calmar ratio is that same annualised return divided by the deepest fall. The fund and its benchmark are measured over exactly the same months. Past performance is not necessarily an indication of future performance.
