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-2.5  /  -0.15%


NAV on 2021/09/16
NAV on 2021/09/15 1674.3698
52 week high on 2021/08/17 1693.0596
52 week low on 2020/10/30 1515.5637
Total Expense Ratio on 2021/06/30 0.96
Total Expense Ratio (performance fee) on 2021/06/30 0
Incl Dividends
1 month change -0.78% -0.78%
3 month change 0.95% 1.68%
6 month change 1.83% 3.4%
1 year change 6.62% 10.29%
5 year change 2.45% 7.52%
10 year change 4.49% 9.23%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Bond Funds 250.96 15.02%
Derivatives 264.29 15.82%
Fixed Interest 604.37 36.18%
General Equity 53.24 3.19%
Liquid Assets 47.23 2.83%
SA Bonds 56.85 3.40%
Specialist Securities 53.27 3.19%
Offshore 340.20 20.37%
  • Top five holdings
NFBGLBLBALFOF 286.66 17.16%
U-CORSTRI 266.35 15.94%
U-INVGLT 250.96 15.02%
DERIVATIV 250.90 15.02%
U-PSCINC 244.27 14.62%
  • Performance against peers
  • Fund data  
Management company:
Ci Collective Investments (RF) Prop Ltd.
Formation date:
ISIN code:
Short name:
South African--Multi Asset--Low Equity
CPI plus 3% over rolling 3 years


011 463 5656

  • Fund management  
NFB Asset Management (Pty) Ltd
Paul Marais

  • Fund manager's comment

NFB Cautious FoF comment - Sep 08

2009/04/07 00:00:00
The South African Producer Price Index fell by 3.51% for September 2008, its largest ever monthly fall, with the annual rate falling to 16.0%. A survey by I-Net Bridge had consensus expectations for the year-on-year change in PPI at 18.1%. Changes in PPI generally lead changes in CPI - consumer inflation - by around 3 to 6 months and, together with the anticipated changes in the calculation of the consumer inflation basket in January 2009, likely signals the peak of the South African inflation environment. In addition the main drivers of inflation - maize and oil prices - have also weakened significantly with their year-on-year changes to October close to or at zero. It is our expectation that once inflation rates have fallen by two to three percent in excess of the two or so percent in January that the central bank will begin considering cutting interest rates. This may come as soon as February 2009, expectations for a rate cut in December this year are overdone.
Gross domestic product in the US fell by 0.3% and in the UK by 0.5% during the third quarter. A recession is defined as two consecutive quarters of negative GDP growth.

  • Fund focus and objective  
Investments to be included in the portfolio will, apart from assets in liquid form, consist solely of participatory interests in portfolios of collective investment schemes registered in the Republic of South Africa or of 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. The portfolio will invest in participatory interests of underlying portfolios which provide exposure to a spectrum of equity, bond, non-equity and property markets and may have exposure to financial instruments, subject to the prevailing regulations.

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