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  •  Element Islamic Equity Sanlam Collective Investments Fund (A)
  •   PRINT PAGE

-1.95  /  -0.96%

203.92

NAV on 2019/03/25
NAV on 2019/03/22 205.87
52 week high on 2019/03/19 206.84
52 week low on 2018/03/28 183.47
Total Expense Ratio on 2018/12/31 1.92
Total Expense Ratio (performance fee) on 2018/12/31 0
NAV Incl Dividends
1 month change 1.81% 1.81%
3 month change 6.93% 7.41%
6 month change 2.42% 2.88%
1 year change 11.03% 12.55%
5 year change 2.27% 2.83%
10 year change 5.67% 6.48%
Price data is updated once a day.
  • Sectoral allocations
Alt X 4.12 3.17%
Basic Materials 50.50 38.91%
Consumer Goods 11.73 9.03%
Financials 0.96 0.74%
Health Care 9.93 7.65%
Industrials 2.70 2.08%
Liquid Assets 9.98 7.69%
Spec Equity 24.82 19.12%
Specialist Securities 7.36 5.67%
Technology 1.53 1.18%
Telecommunications 6.17 4.76%
  • Top five holdings
U-ELEISGL 24.82 19.12%
 ANGGOLD 11.14 8.58%
 BHP 8.41 6.48%
 IMPLATS 8.29 6.38%
 AFROX 7.14 5.5%
  • Performance against peers
  • Fund data  
Management company:
Sanlam Collective Investments
Formation date:
2006/02/01
ISIN code:
ZAE000076816
Short name:
U-FRAISLA
Risk:
Unknown
Sector:
South African--Equity--General
Benchmark:
Average of Shariah General Equity Funds with a 1 year track record
Contact details

Email
No email address listed.

Website
No website listed.

Telephone
021-947-9111

  • Fund management  
Shamier Khan


  • Fund manager's comment

Element Islamic Equity SCI Fund

2018/06/13 00:00:00
Quarterly Commentary
The Element Islamic Equity Fund realised a total return of -4.4% for the quarter to the end March 2018, underperforming its benchmark (average of Shari’ah General Equity Funds with a 1-year track record) performance of -2.4% over the same period. This performance brings the rolling one year total performance of the Fund to 1.9% (net of fees) – an outperformance of its benchmark return of 1.1% over the same period.
The main contributor to the underperformance of the fund, for the quarter ended March 2018, was our exposure to the Healthcare sector, Precious Metals sector and the allocation to our Islamic Global Equity Fund. The Islamic Global Equity Fund’s performance was hindered by the Rand strengthening against the major currencies.
  • Fund focus and objective  
The Element Islamic Equity Fund is an actively managed, domestic general equity fund that aims to provide Shari'ah compliant returns. The fund also uses its presence to promote awareness of corporate responsibility and performance measurements, including environmental management, social responsibility, economic empowerment and corporate governance. This is achieved through constructive engagement with the management of the companies in which the fund is invested.
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