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0.31  /  0.29%


NAV on 2021/09/23
NAV on 2021/09/22 107.05
52 week high on 2021/08/17 109.42
52 week low on 2021/02/03 98.63
Total Expense Ratio on 0
Total Expense Ratio (performance fee) on 0
Incl Dividends
1 month change -1.08% -1.08%
3 month change 2.88% 2.88%
6 month change 3.14% 3.14%
1 year change 0% 0%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Basic Materials 1.79 8.09%
Consumer Discretionary 1.40 6.34%
Energy 0.07 0.34%
Fixed Interest 2.87 13.00%
General Equity 3.67 16.62%
Health Care 0.39 1.77%
Industrials 0.43 1.97%
Liquid Assets 0.44 2.00%
Managed 3.58 16.22%
Money Market 3.13 14.18%
Real Estate 0.14 0.63%
Spec Equity 0.95 4.29%
Specialist Securities 0.07 0.30%
Telecommunications 0.43 1.96%
Offshore 2.71 12.29%
  • Top five holdings
U-KAGISEQ 3.67 16.62%
U-KAGISLB 3.58 16.22%
MM-01MONTH 3.13 14.18%
U-ISHIYKA 2.87 13%
U-GLISEKA 0.95 4.29%
  • Performance against peers
  • Fund data  
Management company:
Ashburton Management Company (RF) (Pty) Ltd.
Formation date:
ISIN code:
Short name:
South African--Multi Asset--Medium Equity
CPI+3.5% over rolling 5 years
  • Fund management  
Ashburton Fund Managers Ltd.
Carla de Waal

  • Fund manager's comment
No fund manager's comment available.
  • Fund focus and objective  
FNB Islamic Balanced Fund is a domestic portfolio that will invest in a variety of asset classes such as equity securities, non-equity securities, listed property, listed commodity ETF's,sukuk, other shariah compliant instruments, money market instruments and assets in liquid form, both domestically and internationally, that have been approved for investment by the Shariah Supervisory Board (SSB) or Shariah Advisory Committee (SAC) from time to time, and in accordance with the manner, limits and conditions determined by the Authority from time to time, under the Act.
The FNB Islamic Balanced Fund's net equity exposure will range between 0% and 60% of the FNB Islamic Balanced Fund's net asset value (NAV) and the net exposure to listed property will range between 0% and 25% of the NAV. The FNB Islamic Balanced Fund may also invest in participatory interests in portfolios of collective investment schemes registered in South Africa or participatory interests in collective investment schemes or other similar schemes operated in territories with a regulatory environment which is to the satisfaction of the Manager and the Trustee of a sufficient standard to provide investor protection which is at least equivalent to that in South Africa. These underlying collective investment scheme portfolios will have an investment policy that supports the investment objective and investment policy of the FNB Islamic Balanced Fund.
The FNB Islamic Balanced Fund will be predominantly invested in domestic assets, but may also invest internationally, within the statutory investment limitations and prudential investment requirements. The investment policy will allow any other securities that are considered consistent with the FNB Islamic Balanced Fund investment objective that the Act may from time to time allow.
This portfolio will be managed in compliance with prudential investment guidelines for retirement funds in South Africa to the extent allowed by the Act.

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