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0.07  /  0.06%


NAV on 2021/09/17
NAV on 2021/09/16 108.31
52 week high on 2021/08/24 109.82
52 week low on 2020/12/01 99.98
Total Expense Ratio on 2021/06/30 0.51
Total Expense Ratio (performance fee) on 2021/06/30 0
Incl Dividends
1 month change -1.15% -1.15%
3 month change 1.09% 2.03%
6 month change 2.62% 4.53%
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 11.95 4.23%
Consumer Discretionary 8.03 2.84%
Energy 0.40 0.14%
Financials 7.94 2.81%
Fixed Interest 58.64 20.75%
General Equity 21.29 7.54%
Health Care 1.02 0.36%
Industrials 1.71 0.60%
Liquid Assets 1.36 0.48%
Real Estate 15.73 5.57%
SA Bonds 86.69 30.68%
Spec Equity 20.03 7.09%
Specialist Securities 8.99 3.18%
Technology 3.70 1.31%
Telecommunications 2.01 0.71%
Offshore 33.09 11.71%
  • Top five holdings
U-VEMONMM 29.36 10.39%
U-NEDCSHP 29.28 10.36%
U-SBENCEQ 21.29 7.54%
U-SBECGEQ 20.03 7.09%
  • Performance against peers
  • Fund data  
Management company:
Boutique Collective Investments (RF) (Pty) Ltd.
Formation date:
ISIN code:
Short name:
South African--Multi Asset--Low Equity
ASISA SA Multi Asset Low Equity category average



  • Fund management  
Efficient Select

  • Fund manager's comment
No fund manager's comment available.
  • Fund focus and objective  
The Select BCI Enhanced Core Cautious Fund aims to generate income and moderate capital growth over the medium to long term by investing in a broad range of local and international asset classes, using primarily factor based as well as other passive and enhanced index investment strategies. Factor strategies to be applied may include factors such as growth, momentum, quality and value. The portfolio's asset allocation will be determined by applying a top-down approach influenced predominantly by long term asset class risk premia and macro-economic considerations, as well as a bottom-up approach influenced predominantly by fundamental asset class valuations, across a broad range of well-considered valuation criteria. Based upon input from this top down and bottom up framework, the manager will apply their prudent discretion to determine the most optimal long term strategic as well as tactical asset class positioning for the portfolio.
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, subject to maximum equity exposure of 40% of the portfolio's net asset value. Investments to be acquired for the portfolio may include equity securities, property securities, property related securities, interest bearing securities, non-equity securities, money market instruments, preference shares and assets in liquid form. The portfolio may also invest in participatory interests and other forms of participation in portfolios of collective investment schemes, registered in South Africa and 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.
The portfolio may from time to time invest in listed and unlisted financial instruments, in accordance with the provisions of the Act, and the Regulations thereto, as amended from time to time, in order to achieve the portfolio's investment objective. The manager may only include the following unlisted financial instruments for efficient portfolio management purposes: forward currency, interest rate and exchange rate swap transactions. 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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