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-1.92  /  -1.95%

98.27

NAV on 2021/02/25
NAV on 2021/02/24 100.19
52 week high on 2020/03/04 103.56
52 week low on 2020/03/23 77.5
Total Expense Ratio on 2020/12/31 0.91
Total Expense Ratio (performance fee) on 2020/12/31 0
NAV
Incl Dividends
1 month change 3.14% 3.14%
3 month change 4.91% 5.96%
6 month change 14.84% 16.68%
1 year change -3.69% 0.26%
5 year change -3.98% 0.12%
10 year change 0% 0%
Price data is updated once a day.
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  • Sectoral allocations
Consumer Goods 17.05 7.92%
Consumer Services 52.42 24.34%
Financials 81.48 37.84%
Health Care 26.26 12.19%
Industrials 24.04 11.16%
Liquid Assets 5.63 2.62%
Telecommunications 8.46 3.93%
  • Top five holdings
 FIRSTRAND 9.15 4.25%
 WOOLIES 9.12 4.24%
 SHOPRIT 9.06 4.21%
 LIFEHC 8.98 4.17%
 ADCOCK 8.96 4.16%
  • Performance against peers
  • Fund data  
Management company:
Bridge Fund Managers (Pty) Ltd.
Formation date:
2013/07/03
ISIN code:
ZAE000181376
Short name:
U-GRIEQIN
Risk:
Unknown
Sector:
South African--Equity--General
Benchmark:
Average of the ASISA South African Equity General sector
  • Fund management  
Ian Anderson
Ian joined Grindrod Asset Management as Chief Investment Officer in September 2009. Prior to that, he ran his own consultancy where his clients included Marriott Asset Management, Fortress Asset Managers (part of the Resilient group of companies) and the Property Loan Stock Association of South Africa. Ian was the Investment Director at Marriott Asset Management from 2002 to 2007, having joined the firm as an Investment Analyst in 1996. Ian has been involved in the management of specialist listed property portfolios for the past 15 years.
Andrew Dowse
Andrew joined Grindrod Asset Management in early 2013 and is currently a Portfolio Manager. Andrew has worked as a Product Development Analyst at Symmetry within the Old Mutual Group and then in the offshore hedge fund division at Maitland. Prior to joining Grindrod Asset Management, Andrew worked at Insinger de Beaufort BNP Paribas, a boutique asset manager and family wealth office. The company’s head office is in Amsterdam and the parent company BNP Paribas is based in Paris. As a member of the investment committee Andrew was responsible for global fund research, analysing all investment products including the more exotic asset classes of hedge funds and structured products. He was also responsible for much of the reporting and analysis of client portfolios including attribution reports and compliance with GIPS reporting standards. He also traded and balanced all offshore and local private client investment mandates and was actively involved in the management of the South African Fund of Funds within the firm.
Richard Henwood
Richard has over 12 years of investment experience which he gained in both the UK and South Africa. He spent 9 years in London working for global investment manager Schroders Investment Management, and hedge funds Trafalgar Asset Managers and CapeView Capital LLP. There he gained valuable insight into various investment strategies including long-only, event-driven, credit, private equity and long-short equity. He returned to South Africa in 2013 and worked for Atlas Trading (Grindrod) before joining Bridge Fund Managers (formerly Grindrod Asset Management) in 2014.


  • Fund manager's comment

2020/02/14 00:00:00
The investment objective of the portfolio is to seek a high level of income (more in the form of dividends) and long-term growth in dividend income in excess of the rate of inflation such that the portfolio will produce a total return in excess of the average of the ASISA South African Equity General sector at lower levels of volatility. Income will be a key component of the portfolio. The risk profile of this portfolio to the investor will be above average, due to its prominent exposure to the equity risk factor. This fund is available to be used within our Tax-Free Savings Plan, by virtue of S12T of the Income Tax Act.
  • Fund focus and objective  
The investment objective of the portfolio is to seek a high level of income (more in the form of dividends) and long-term growth in dividend income in excess of the rate of inflation such that the portfolio will produce a total return in excess of the average of the ASISA South African Equity General sector at lower levels of volatility. Income will be a key component of the portfolio. The risk profile of this portfolio to the investor will be above average, due to its prominent exposure to the equity risk factor. Tax free instrument by virtue of S12T of the Income Tax Act
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