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1.52  /  0.79%


NAV on 2019/09/12
NAV on 2019/09/11 192.01
52 week high on 2019/04/24 201.79
52 week low on 2018/11/23 182.19
Total Expense Ratio on 2019/06/30 1.86
Total Expense Ratio (performance fee) on 0
NAV Incl Dividends
1 month change -0.47% 1.18%
3 month change -2.9% -1.3%
6 month change 0.3% 1.95%
1 year change -1.55% 1.56%
5 year change 2.18% 4.25%
10 year change 8.22% 9.88%
Price data is updated once a day.
  • Sectoral allocations
Bonds 86.61 10.61%
Fixed Interest 88.29 10.82%
General Equity 133.14 16.31%
Liquid Assets 0.45 0.05%
Real Estate 75.09 9.20%
Spec Equity 319.11 39.10%
Specialist Securities 113.40 13.90%
  • Top five holdings
U-SATXDIV 88.94 10.9%
U-CORBOND 86.61 10.61%
U-CORRESO 85.54 10.48%
U-INVGLFA 77.48 9.49%
U-CATPROP 75.09 9.2%
  • Performance against peers
  • Fund data  
Management company:
Boutique Collective Investments (RF) (Pty) Ltd.
Formation date:
ISIN code:
Short name:
South African--Multi Asset--High Equity
60% FTSE JSE Swix J403T, 15% ALBI index, 10% FTSE JSE Listed Property J253T,5% JPM INT Bond Index, 10% MSCI World index
Contact details




  • Fund management  
Ursula Maritz
Started as an economist at OMAM. Fund management experience across institutional and retail mandates. After 15 years at OMAM joined Foord Asset Management as a fixed income fund manager. Global multi-management experience with Mercer (New Zealand) as an asset consultant. Joined SMMI in 2005 with responsibility for SA asset allocation process, fund manager research and fund management of wrap funds and unit trusts with 18 years investment experience.
Mark Thompson

  • Fund manager's comment

Southern Charter BCI Growth FoF comment - Dec 16

2017/03/22 00:00:00
2016 brought a number of global and local surprises, especially on the political front as populism, protectionism and rising global inequality took centre stage. Volatility and macro uncertainty have made it a very challenging year for markets which has weighed on returns.
Bonds, had stellar performance with the ALBI returning 15.4%, quite the turnaround considering the bond sell-off in 2015 and the ALBI returning -3.9%. SA Listed Property returned 10.2% for the year, followed by cash at 7.4%. The ALSI disappointed once more, failing to beat cash for a second year in a row, returning a meagre 2.6%. After many years of rand weakness and a welcome tailwind to offshore asset returns, the rand appreciated almost 13% against the USD in 2016 which caused offshore asset to underperform local holdings. The MSCI World returned -4.6% and Global Real Estate -7.6%, quite the turnaround from 2015 when Global Equity and Property returned 33.5% and 33.4% respectively.
A more hawkish Fed and a stronger USD has raised the probability of US bonds moving higher and have therefore reduced risk to long duration assets by lowering our exposure to the Coronation Bond Fund. Our exposure to resources through the Nedgroup Mining and Resources fund has performed well after the Trump victory reflation-trade and was the stand out performer amongst our managers returning 38% in 2016.
  • Fund focus and objective  
The Fund is actively managed with a value bias. By focusing on macro themes, the Fund looks to exploit valuation discrepancies in asset classes when they occur. The allocation to equities will be max 75%, with a neutral weighting of 65%.
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