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  •  Graviton Sanlam Collective Investments Balanced Fund (A1)

-30.59  /  -1.97%


NAV on 2020/02/24
NAV on 2020/02/21 1581.1
52 week high on 2020/02/17 1595.72
52 week low on 2019/08/16 1489.3
Total Expense Ratio on 2019/09/30 1.53
Total Expense Ratio (performance fee) on 2019/09/30 0
NAV Incl Dividends
1 month change -1.05% -1.05%
3 month change -1.48% 0.07%
6 month change 3.84% 5.48%
1 year change 3.73% 6.72%
5 year change 1.81% 4.42%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Basic Materials 67.91 4.15%
Bonds 217.18 13.26%
Consumer Goods 23.00 1.40%
Consumer Services 37.83 2.31%
Financials 88.72 5.42%
Fixed Interest 27.36 1.67%
General Equity 82.92 5.06%
Gilts 62.65 3.82%
Health Care 4.30 0.26%
Industrials 7.39 0.45%
Liquid Assets 21.48 1.31%
Managed 301.37 18.40%
Real Estate 74.66 4.56%
Spec Equity 173.10 10.57%
Specialist Securities 17.68 1.08%
Technology 55.97 3.42%
Telecommunications 13.42 0.82%
Unlisted 73.62 4.49%
Offshore 287.53 17.55%
  • Top five holdings
U-SMMABN1 166.42 10.16%
U-SLMGRIN 164.60 10.05%
U-SMIPRUT 163.30 9.97%
U-SMMIGE3 82.92 5.06%
I-INVGBAL 73.62 4.49%
  • Performance against peers
  • Fund data  
Management company:
Sanlam Collective Investments
Formation date:
ISIN code:
Short name:
South African--Multi Asset--High Equity
Category average SA Multi Asset High Equity
Contact details

No email address listed.

No website listed.


  • Fund management  
Rafiq Taylor

  • Fund manager's comment

Graviton SCI Balanced Fund - Sep 19

2019/10/25 00:00:00
September was a risk on-month globally. This was supported by the US Federal Reserve cutting rates by 25 basis points and the European Central Bank (ECB) reducing rates further into negative territory to -0.5% from -0.4%. The ECB added additional stimulus into the European economy by implementing indefinite quantitative easing. From November it will buy €20 billion worth of bonds on a monthly basis. Although the Fed did cut rates, there remained divergent views as to the appropriate policy path. On the back of monetary policy easing the MSCI World Index delivered 1.94% (in US Dollars) and the MSCI Emerging Markets (EM) Index delivered 1.55% (in Dollars). Due to lower global bond yields, the search for yield continued, with emerging market bonds as measured by the JPMorgan EM Bond Index delivering 0.18% (in Dollars), while developed market bonds lost 1.30% (in Dollars). Global property continues to benefit from the low global interest rates, delivering 2.46% (in Dollars). Locally, the South African economy managed to escape a technical recession after GDP grew at 3.1%. This was driven by growth in the primary sector and mining, which increased 9.7% and 14.4% respectively. Although GDP was positive, the headwinds facing the South African economy were confirmed when the RMB/BER Business Confidence Index fell to a 20-year low. The South African Chamber of Commerce and Industry declined to 89.1 – the lowest since April 1985. On the back of this, South African equities had a muted month, delivering 0.19% (in Rands). The Top 40 was flat, while small caps delivered a stellar 2.21% (in Rands). Local bonds delivered 0.51% (in Rands), underperforming cash slightly, which delivered 0.57% (in Rands). Local property delivered 0.3% (in Rands) and inflation-linked bonds delivered 0.39% (in Rands).
  • Fund focus and objective  
The portfolio will invest in a combination of equities, bonds, money market instruments, listed property as well as international equities and fixed interest investments. The portfolio will be broadly diversified across asset classes. Active asset allocation and securities selection strategies appropriate to the needs of moderate investors will be followed. This portfolio will be managed in accordance with regulations governing pension funds. The exposure to equities will range between 0% and 75%. The investment manager will also be allowed to invest in financial instruments (derivatives) as allowed by the Act from time to time in order to achieve its investment objective.Apart from the above, the portfolio may also invest in participatory interests of portfolios of collective investment schemes registered in the Republic of South Africa or of participatory interest 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 for investor protection which is at least equivalent to that in South Africa.The Manager shall be permitted to invest on behalf of the Graviton Sanlam Collective Investments Balanced Fund in offshore investments as legislation permits.

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