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  •  Sentio Sanlam Collective Investments Balanced Fund (B2)

8.01  /  0.69%


NAV on 2021/09/22
NAV on 2021/09/21 1148.85
52 week high on 2021/08/24 1184.53
52 week low on 2020/10/30 936.73
Total Expense Ratio on 2021/06/30 1.66
Total Expense Ratio (performance fee) on 2021/06/30 0
Incl Dividends
1 month change -2.1% -2.1%
3 month change 2.26% 3.36%
6 month change 5.17% 6.3%
1 year change 20.83% 22.56%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
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  • Sectoral allocations
Basic Materials 8.63 14.28%
Consumer Discretionary 5.60 9.27%
Derivatives 2.12 3.51%
Energy 0.31 0.51%
Financials 6.44 10.67%
Health Care 1.51 2.49%
Industrials 0.48 0.80%
Liquid Assets 1.04 1.72%
Real Estate 4.37 7.23%
SA Bonds 6.66 11.02%
Specialist Securities 4.32 7.14%
Technology 4.32 7.16%
Telecommunications 1.36 2.25%
Offshore 13.25 21.94%
  • Top five holdings
U-FRDDOLL 4.32 7.14%
 NASPERS-N 3.21 5.32%
FUTURES M 2.12 3.51%
 FIRSTRAND 1.46 2.42%
 ANGLO 1.45 2.4%
  • Performance against peers
  • Fund data  
Management company:
Sanlam Collective Investments
Formation date:
ISIN code:
Short name:
South African--Multi Asset--High Equity
ASISA Category Average - SA Multi Asset High Equity
No email address listed.

No website listed.


  • Fund management  
Rayhaan Joosub
Rayhaan joined RMB Asset Management as a Quantitative/Derivative portfolio manager in July 1999. He was appointed as Head of Quants and Product Development in September 2002. Rayhaan manages the RMB Absolute Focus Fund, the RMB International Conservative Fund of Funds and jointly manages the RMB High Dividend Fund.
Imtiaz Suliman
Imtiaz started his career at a major life insurance company as an Actuarial Analyst. He then joined RMB Asset Management in 2004 where he worked in the Portfolio Construction team for a short stint before joining the Alternative Investments team. He is responsible for the management of structured products and overseeing the implementation of equity derivative dealing. Imtiaz also manages the RMB High Dividend Fund and co-manages the Momentum Optimal Yield Fund.
Olwethu Notshe
Mohamed Mayet

  • Fund manager's comment

Sentio SCI Balanced Fund - Dec 19

2020/02/28 00:00:00
December was a risk-on month for global markets. The primary reasons were positive outcomes in global politics. In the UK, Boris Johnson’s Conservative Party won a parliamentary majority that provided him with free rein to take Britain out of the European Union. This brought more certainty to the prolonged separation and increased the likelihood that some sort of deal will be reached at the end of January. More importantly, the United States and China managed to reach a phase 1 deal in their trade war that slowed global trade in 2019. The exact nature of the deal is not known, but the agreement did avert the 15% tariffs that were to be put on a broad range of consumer goods by the US on Chinese imports. Despite some trade uncertainty going forward, the positive political outcomes resulted in the MSCI World and MSCI Emerging Market (EM) delivering 2.89% and 7.17% respectively (both in USD). On the back of the risk-on sentiment global bonds were up only 0.52% (in USD), while EM bonds delivered 2.52% (in USD). Global property fared slightly better than global bonds, delivering 0.62% (in USD).
Locally, any positivity that resulted from SAA being placed under business rescue was short-lived when heavy rains in the north of the country and potential foul play led to rolling blackouts. In spite of this, the local market followed the global risk-on trend. Local equities were up 3.30% (in rands), driven primarily by the rally in the resources sector, which was up 6.85% (in rands). The blackouts did weigh on the property sector, which was down 2.07% (in rands). The global risk-on sentiment and search for yield benefitted local bonds – which gained 1.86% (in rands). Local cash was up 0.58% and inflation-linked bonds gained 0.89% (both in rands).
  • Fund focus and objective  
The portfolio will be actively managed with exposure to various asset classes such as cash, bonds, equities and property, both domestically and internationally, being varied to reflect changing economic and market circumstances, in order to maximise returns for the investors. From time to time derivatives may be considered, but the manager will adhere to prevailing derivatives regulations when doing so. The portfolio shall adhere to the Multi Asset : High Equity classification requirements as set out in the Asisa Standard on Fund Classifications for South African Collective Investment Scheme Portfolios. The maximum effective equity exposure is currently limited to 75%. Investments to be included in the portfolio will, apart from assets in liquid form, consist 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 also be allowed to invest in listed and unlisted financial instruments (derivatives) as allowed by the Act from time to time. The Manager shall be permitted to invest on behalf of the portfolio in offshore investments as legislation permits. 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. The Trustee shall ensure that the investment policy set out in the preceding clauses are adhered to; provided that nothing contained in this clause shall preclude the Manager from varying the proportions of securities in terms of changing economic factors or market conditions or from retaining cash in the portfolio and/or placing cash on deposit.

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