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1.06  /  0.56%


NAV on 2021/09/22
NAV on 2021/09/21 189.22
52 week high on 2021/08/27 193.19
52 week low on 2020/10/30 165.68
Total Expense Ratio on 2021/06/30 3.64
Total Expense Ratio (performance fee) on 2021/06/30 0.71
Incl Dividends
1 month change -0.97% -0.97%
3 month change 2.62% 2.62%
6 month change 3.35% 3.35%
1 year change 12.63% 13.92%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
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  • Sectoral allocations
Bond Funds 17.58 9.15%
Fixed Interest 23.50 12.23%
General Equity 90.09 46.91%
Liquid Assets -0.25 -0.13%
Managed 21.10 10.99%
Spec Equity 39.97 20.81%
Offshore 0.08 0.04%
  • Top five holdings
U-CALEQUI 80.28 41.8%
U-MIPENIN 23.50 12.23%
U-CALACIN 21.10 10.99%
U-ANBUNIC 19.38 10.09%
U-PSCBND 12.65 6.59%
  • Performance against peers
  • Fund data  
Management company:
Boutique Collective Investments (RF) (Pty) Ltd.
Formation date:
ISIN code:
Short name:
South African--Multi Asset--Medium Equity
CPI for all urban areas + 4% p.a.



  • Fund management  

  • Fund manager's comment

Bastion Worldwide Flexible FoF comment - Jun 11

2011/08/31 00:00:00
2011 to date seen high volatilty and low returns. The volatility is a result of the major uncertainties plagueing the world: the interruption of the economic process caused by the Japanese earthquake and tsunami, the risk of default by Greece et al, andthe very unsettled situation in the Middle East. We see the crisis as of a temporary nature, and in fact creating good buying opportunities.
Low interest rates and high liquidity in the US are excellent fuel for stock markets. We therefore expect gradual rising but volatile stock markets -the bull climbing its wall of worry. Equities remain the most attractive asset class.
This scenario supports the investment case for this Bastion fund with its high equity content. International equities in particular offer excellent value.
  • Fund focus and objective  
The portfolio's aims to deliver a moderate long-term total return. The portfolio will have investment instrument exposure across multiple asset classes in order to ensure portfolio diversification and therefor risk reduction. The portfolio will be managed in compliance with prudential investment guidelines for retirement funds in South Africa to the extent allowed for by the Act. On a look through basis, the portfolio's equity exposure will range between 0% and 60% of the its asset value. Investments to be included in the portfolio will, apart from assets in liquid form, consists of participatory interests and other forms of participation of local and global collective investment schemes, or other similar schemes operated in territories with a regulatory environment which is to the satisfaction of the manager and trustee of a sufficient standard to provide investor protection at least equivalent to that in South Africa and which is consistent with the portfolio's primary objective, investing in amongst others equity securities, property securities, non-equity securities, money market instruments, preference shares, listed and unlisted financial instruments, bonds and other interest bearing instruments and securities. To the extent that the assets in the portfolio are exposed to exchange rate risk, the manager may enter into financial transactions for the exclusive purpose of hedging such exchange rate risk subject to the conditions and limits as stipulated by the Act. The Trustee shall ensure that the investment policy set out in this Supplemental Deed is carried out. For the purpose of this portfolio, the manager shall reserve the right to close the portfolio to new investors on a date determined by the manager. This will be done in order to be able to manage the portfolio in accordance with its mandate. The manager may, once a portfolio has been closed, open that portfolio again to new investors on a date determined by the manager.

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