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2.55  /  0.29%


NAV on 2021/09/17
NAV on 2021/09/16 866.0472
52 week high on 2021/09/01 886.4386
52 week low on 2020/11/02 765.7516
Total Expense Ratio on 2021/06/30 1.34
Total Expense Ratio (performance fee) on 2021/06/30 0
Incl Dividends
1 month change -1.67% -1.67%
3 month change -0.13% 1.14%
6 month change 1.11% 2.4%
1 year change 11.41% 14.07%
5 year change 3.65% 6.37%
10 year change 6.32% 9.18%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Basic Materials 400.78 8.50%
Consumer Discretionary 315.61 6.70%
Derivatives 0.33 0.01%
Energy 35.14 0.75%
Financials 451.35 9.57%
Gilt 0.13 0.00%
Health Care 68.39 1.45%
Industrials 26.19 0.56%
Liquid Assets 67.19 1.43%
Real Estate 176.55 3.75%
SA Bonds 1166.12 24.74%
Technology 457.94 9.71%
Telecommunications 123.19 2.61%
Offshore 1425.12 30.23%
  • Top five holdings
STAHIGHALGLB 594.67 12.61%
 NASPERS-N 411.13 8.72%
O-SBSEASI 386.44 8.2%
O-SBEUGRO 306.60 6.5%
U-SLPROPI 114.51 2.43%
  • Performance against peers
  • Fund data  
Management company:
STANLIB Collective Investments (RF) (Pty) Limited
Formation date:
ISIN code:
Short name:
South African--Multi Asset--High Equity
60% FTSE/JSE All Share index; 25% BEASSA All Bond index; 9% MSCI World index and 6% JP Morgan Global Government Bond index



  • Fund management  
Herman van Velze
With a mining engineering background, Herman started his asset management career in 1993 as a mining analyst. Winner of several awards in 2007, he has successfully managed the STANLIB Balanced Fund since 2005 and is currently Head of Balanced Funds.
Warren Buhai
Following 5 years in corporate finance at Standard Bank, Warren joined STANLIB in 2005 where he initially specialised in resources analysis and portfolio management. He has been a portfolio manager in the Multi-Asset Franchise since 2009.

  • Fund manager's comment

STANLIB Balanced Fund - Dec 19

2020/03/02 00:00:00
Fund review
The STANLIB Balanced Fund delivered a return of +0.3% for the quarter ended 30 September 2019.
Market overview
Global assets continued their recovery from 2018 levels, as equities and fixed income markets continued where they left off in the first six months of the year. Recent comments and actions from central banks added to the positive sentiment prevailing in equities and bonds. Global equities delivered a strong performance year to date (+23.8% in rand terms), MSCI EM (+16.1% in rand terms) and the FTSE/JSE SWIX All Share Index (+4.3%). The Resource Sector remained the biggest positive contributor to SA performance with a YTD gain of 13%. SA bonds also delivered positive returns in September, taking YTD performance for the ALBI to 8.4%, while the rand depreciated by a disappointing 7.1% against the dollar for the quarter.
Looking ahead
The outlook for 2019 has weakened from a global growth perspective, however, a positive feature is the continued lack of inflationary pressure globally allowing central banks to maintain accommodative monetary policies, which should act as a tailwind for risk assets. SA and Emerging Markets equities have been supported by the Fed’s dovish stance (this should limit further US dollar strength) and selective stimulus by Chinese policymakers, while uncertainty around US-China trade talks has swayed market sentiment.
In SA, the SARB reacted to slow growth and low levels of business and consumer confidence by reducing interest rates by 0.25% during Q3. We expect further easing in Q4. Lower interest rates and positive developments such as the restructuring and refinancing of Eskom together with further fiscal policy announcements should be mildly positive for growth in the medium term.
  • Fund focus and objective  
The STANLIB Balanced Fund aims to achieve a reasonable level of current income and capital growth by investing in a diversified spread of equities and fixed income securities in a manner similar to retirement schemes. Investments would include listed shares and preference shares, including property shares and property loan stock, non-equity securities and participatory interests of other collective investment schemes. Maximum direct and/or indirect foreign exposure: 25% of the portfolio

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