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0.88  /  0.26%


NAV on 2021/09/16
NAV on 2021/09/15 336.94
52 week high on 2021/08/17 347.14
52 week low on 2020/11/02 293.28
Total Expense Ratio on 2021/06/30 1.48
Total Expense Ratio (performance fee) on 2021/06/30 0
Incl Dividends
1 month change -2.08% -2.08%
3 month change -0.35% 1.13%
6 month change 0.86% 2.36%
1 year change 12.63% 15.42%
5 year change 2.55% 5.45%
10 year change 5.28% 7.7%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Basic Materials 448.91 13.25%
Consumer Discretionary 279.04 8.24%
Fixed Interest 570.13 16.83%
Health Care 73.59 2.17%
Industrials 146.02 4.31%
Liquid Assets 109.10 3.22%
Money Market 730.00 21.55%
Real Estate 22.02 0.65%
Technology 182.11 5.38%
Telecommunications 91.58 2.70%
Offshore 735.19 21.70%
  • Top five holdings
OMGISLAMEF 701.12 20.7%
U-ALINCOL 570.13 16.83%
MONEYMARK 375.00 11.07%
 NASPERS-N 119.72 3.53%
 BHP 108.26 3.2%
  • Performance against peers
  • Fund data  
Management company:
Old Mutual Unit Trust Managers (RF) (Pty) Ltd.
Formation date:
ISIN code:
Short name:
South African--Multi Asset--Medium Equity
45% Customised SA Shari'ah Equity Index, 10% S&P Developed Markets Large and Mid-Cap Shari'ah Index, 40% STeFI Composite - 0.5% & 5% Three-month US Dollar LIBOR



  • Fund management  
Saliegh Salaam
- 24 years of investment experience
Warren Mcleod
- 19 years of investment experience

  • Fund manager's comment

OM Albaraka Balanced comment - Dec 19

2020/02/21 00:00:00
Emerging markets were lifted by positive sentiment, as local equities sprinted up towards the end of the year. South Africa, however, was once again dimmed into darkness as Eskom’s nightmare continues regarding energy generation. Globally, we saw markets ending higher as US-China trade agreements were partially rolled back and the UK’s elections helped political stability.
The FTSE/JSE All Share Index (ALSI) was up by 4.63% over the quarter ending December 2019. Large, mid- and small caps returned +4.54%, +12.91% and +0.74% respectively for the quarter ending December 2019.
The local currency strengthened against the greenback by 7.50%, by 0.26% against the sterling, and 4.91% against the euro for the quarter ending December 2019.
The top sectors that contributed positively were healthcare and basic materials returning 20.50% and 13.78% respectively for the quarter ending December 2019. The worst performing sectors for the quarter, down by 13.31% and 0.92% respectively, were telecommunications and technology. In this context, the fund returned +1.61% for the quarter ending December 2019.
This fund is suited to investors wanting moderate to high long-term growth from their Shari’ah compliant investments, with less volatility in the long term than pure equity. The fund is also suitable as a stand-alone retirement investment. The fund’s offshore allocation is at approximately 25%, providing investors with significant diversification benefits. The fund is a Regulation 28 compliant, medium-equity allocation fund. The implication is, in terms of its mandate, it can hold a maximum of 60% in equities.
The fund’s current allocation to equities is roughly 60%. Around 40% of the fund is invested in domestic equities and approximately 20% in offshore equities. Shari’ah compliant short-term cash investments now comprise 40% of the fund
  • Fund focus and objective  
The Old Mutual Albaraka Balanced Fund is a Shari'ah compliant asset allocation fund that offers investors access to local and international asset classes including equity, liquid assets and non-equity securities, such as sukuks (Islamic bonds) and equity conduits. The fund may also invest in the portfolios of other unit trusts, both locally and those registered in countries with acceptable regulatory environments.
The fund is regulation 28 compliant and is suitable for retirement fund investors.

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