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0.04  /  0.03%


NAV on 2019/01/15
NAV on 2019/01/14 125.22
52 week high on 2018/01/26 134.95
52 week low on 2018/12/10 119.8
Total Expense Ratio on 2018/09/30 2.06
Total Expense Ratio (performance fee) on 2018/09/30 0
NAV Incl Dividends
1 month change 3.2% 3.2%
3 month change 0.63% 0.63%
6 month change -0.63% 1.03%
1 year change -5.15% -1.97%
5 year change -0.29% 2.57%
10 year change 1.81% 5.41%
Price data is updated once a day.
  • Sectoral allocations
Basic Materials 11.48 16.22%
Consumer Goods 2.95 4.17%
Consumer Services 5.98 8.45%
Financials 13.16 18.60%
Gilts 13.58 19.19%
Industrials 2.26 3.20%
Liquid Assets 0.87 1.23%
Specialist Securities 2.41 3.40%
Technology 1.03 1.46%
Telecommunications 0.18 0.25%
Offshore 16.88 23.85%
  • Top five holdings
 ABSA 3.45 4.87%
 OMUTUAL 3.22 4.55%
 SASOL 2.45 3.47%
 NASPERS-N 2.36 3.34%
 AMPLATS 2.30 3.26%
  • Performance against peers
  • Fund data  
Management company:
Prime Collective Investment Schemes
Formation date:
ISIN code:
Short name:
South African--Multi Asset--Flexible
CPI plus 3%
Contact details




  • Fund management  
Alpha Asset Management

  • Fund manager's comment

Orange Absolute Return comment - Sep 11

2012/02/22 00:00:00
The JSE All Share returned -3.6% for the month of September, the 5th consecutive negative month. Year to date the total return is -5.4%. Large cap stocks underperformed significantly. While Gold stocks were strongly positive, platinum and the balance of the resource sector reflected losses. General Retailers and Banks were also negative, pressured by foreign selling and the weak currency. Of the 19 trading days in the month, 9 were positive and 10 negative. While the index reflected a month-to-date return of -11bps on the 27th of September, the last 3 trading days were particularly damaging. Subsequent to month end, up to close of business on the 10th of October, the fund has recovered a major portion of the negative performance suffered in September. The onset of Q4 2011 has seen a subtle shift in that some economic forecasts are being revised up, chiefly on the back of slightly better than expected recent economic data releases (e.g. recent U.S. payroll data). Fiscal action and continued monetary policy easing will, however, be required to restore the global economy to sustainable growth.
  • Fund focus and objective  
The primary investment objective of the Prime Target Return Fund is to obtain a steady growth of capital and the maximum stability for capital invested primarily in equity, bond, money market, property and derivative instruments. The Fund will strive to provide investors with a minimum return of inflation plus 3% per annum on a rolling one year basis, as measured by the monthly Consumer Price Index (CPIX plus 3%), yet exposing the Fund to the equity market, when the equity market outperforms inflation.
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