-1.39  /  -0.08%

NAV on 2018/09/20


NAV on 2018/09/19 1742.8444
52 week high on 2017/11/21 1790.76
52 week low on 2018/04/04 1641.901
Total Expense Ratio on 2018/06/30 0.93
Total Expense Ratio (performance fee) on 2018/06/30 0
NAV Incl Dividends
1 month change 0.56% 0.56%
3 month change 0.76% 2.71%
6 month change 2.62% 4.61%
1 year change 3.1% 7.1%
5 year change 5.32% 9.27%
10 year change 6.16% 10.03%
  • Sectoral allocations
Fixed Interest 256.48 31.68%
General Equity 32.81 4.05%
Liquid Assets 113.86 14.06%
Money Market 17.30 2.14%
Spec Equity 225.30 27.82%
Specialist Securities 163.97 20.25%
  • Top five holdings
U-ADVEQID 225.30 27.82%
U-DBTRWLD 163.97 20.25%
U-PSCINC 85.59 10.57%
U-INDIVIN 85.52 10.56%
U-CORSTRI 85.35 10.54%
  • Performance against peers
  • Fund data
Management company:
Ci Collective Investments (RF) Prop Ltd.
Formation date:
ISIN code:
Short name:
South African--Multi Asset--High Equity
CPI plus 5% over rolling 3 years
Contact details



011 463 5656

  • Fund management
NFB Asset Management (Pty) Ltd
Paul Marais

  • Fund manager's comment

NFB Balanced FoF comment - Sep 08

2009/04/07 00:00:00
The South African Producer Price Index fell by 3.51% for September 2008, its largest ever monthly fall, with the annual rate falling to 16.0%. A survey by I-Net Bridge had consensus expectations for the year-on-year change in PPI at 18.1%. Changes in PPI generally lead changes in CPI - consumer inflation - by around 3 to 6 months and, together with the anticipated changes in the calculation of the consumer inflation basket in January 2009, likely signals the peak of the South African inflation environment. In addition the main drivers of inflation - maize and oil prices - have also weakened significantly with their year-on-year changes to October close to or at zero. It is our expectation that once inflation rates have fallen by two to three percent in excess of the two or so percent in January that the central bank will begin considering cutting interest rates. This may come as soon as February 2009, expectations for a rate cut in December this year are overdone.
Gross domestic product in the US fell by 0.3% and in the UK by 0.5% during the third quarter. A recession is defined as two consecutive quarters of negative GDP growth.

  • Fund focus and objective
Investments to be included in the portfolio will, apart from assets in liquid form, consist solely of participatory interests in portfolios of collective investment schemes registered in the Republic of South Africa or of participatory interests 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 investor protection which is at least equivalent to that in South Africa. The portfolio will invest in participatory interests of underlying portfolios which provide exposure to a spectrum of equity, bond, non-equity and property markets and may have exposure to financial instruments, subject to the prevailing regulations.



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