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-1.59  /  -0.16%


NAV on 2021/09/23
NAV on 2021/09/22 997.12
52 week high on 2021/07/27 1014.18
52 week low on 2021/09/20 989.14
Total Expense Ratio on 0
Total Expense Ratio (performance fee) on 0
Incl Dividends
1 month change -1.29% -1.29%
3 month change -1.27% -0.57%
6 month change -0.35% 0.53%
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
Derivatives 0.00 0.00%
Fixed Interest 72.59 51.85%
General Equity 20.84 14.88%
Liquid Assets 12.12 8.66%
Specialist Securities 30.99 22.14%
Offshore 3.45 2.46%
  • Top five holdings
U-SMIPICO 27.19 19.42%
U-TSENIF 27.19 19.42%
U-MEINCPL 18.04 12.89%
U-SAT40 17.48 12.48%
U-NEWGOLD 9.63 6.88%
  • Performance against peers
  • Fund data  
Management company:
Sanne Management Company
Formation date:
ISIN code:
Short name:
South African--Multi Asset--Low Equity
Composite Index with the following weightings.20% ALSI Top 40,20% MSCI World Index (ZAR),7.5% SA Property Index,30% ALL Bond Index30% ALL Bond Index,22.5% STEFI Money Market Index



  • Fund management  
Dennis Du Plessis

  • Fund manager's comment
No fund manager's comment available.
  • Fund focus and objective  
The fund will aim to provide conservative capital growth over the long term for investors by deploying capital as dictated by an unbiased and objective investment model, with low volatility and a low correlation to equity markets through all market cycles. In order to achieve this objective the fund will primarily invest in listed and unlisted income oriented assets, including but not limited to bonds, debentures, money market instruments, property, interest bearing securities and listed and unlisted financial instruments as determined by regulations from time to time. The fund will also have a low exposure to equity markets including preference shares as determined by regulations from time to time. The fund will predominately invest in South African markets but is however permitted to include investments in offshore jurisdictions subject to the investment conditions determined by regulations from time to time.The fund will be subject to the Prudential Investment Guidelines for South African Retirement Funds, being Regulation 28 of the Pension Funds Act, or such other regulations published from time to time.
The fund may apart from assets in liquid form also include participatory interest or any other form of participation in portfolios of collective investment schemes or other similar schemes. Where the aforementioned schemes are operated in territories other than in South Africa, participatory interest or any other form of participation in these schemes will be included in the portfolio only where the regulatory environment is to the satisfaction of the manager and the trustee and is of a sufficient standard to provide investor protection at least equivalent to that in South Africa.
Nothing in this supplemental deed shall preclude the manager from varying the ratio of instruments, to achieve the investment objective and investment potential in a changing economic environment or market conditions or to meet the requirements, if applicable, of any exchange formally recognized in terms of legislation and from retaining cash or placing cash on deposit in terms of the deed and supplemental deed thereto; provided that the manager shall ensure that the aggregate value of the assets comprising the portfolio shall consist of instruments of the aggregate value required from time to time by the Act.
The trustee shall ensure that the investment policy set out in this supplemental deed, the Deed and in all Supplemental Deeds thereto is carried out.
The manager, in consultation with the investment manager, reserve the right to close the portfolio to new investors on a date determined by the manager. This will be done to allow the portfolio to be managed in accordance with its mandate. The manager may, once a portfolio has been closed, reopen that portfolio again to new investors on a date determined by the manager.

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