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-0.24  /  -0.11%

212.73

NAV on 2019/11/14
NAV on 2019/11/13 212.97
52 week high on 2019/06/13 214.13
52 week low on 2019/01/02 199.11
Total Expense Ratio on 2019/03/31 0.9
Total Expense Ratio (performance fee) on 2019/03/31 0
NAV Incl Dividends
1 month change 0.97% 0.97%
3 month change 2.8% 2.8%
6 month change 1.28% 3.5%
1 year change 4.6% 9.25%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Basic Materials 1.29 0.86%
Consumer Goods 0.55 0.36%
Consumer Services 0.77 0.51%
Financials 9.74 6.45%
Fixed Interest 27.95 18.52%
General Equity 29.89 19.81%
Gilts 43.14 28.59%
Health Care 0.16 0.11%
Industrials 0.23 0.15%
Liquid Assets 1.41 0.94%
Spec Equity 23.66 15.68%
Technology 0.91 0.60%
Telecommunications 0.36 0.24%
Offshore 10.83 7.18%
  • Top five holdings
U-OMCAPSX 29.89 19.81%
U-OMMM 27.95 18.52%
U-OMWRESG 21.90 14.52%
O-GGVBISH 10.71 7.09%
U-OMEMESG 1.75 1.16%
  • Performance against peers
  • Fund data  
Management company:
Old Mutual Unit Trust Managers (RF) (Pty) Ltd.
Formation date:
2017/03/31
ISIN code:
ZAE000223285
Short name:
U-OMCORCO
Risk:
Unknown
Sector:
South African--Multi Asset--Low Equity
Benchmark:
CPI
Contact details

Email
unittrusts@oldmutual.com

Website
http://www.omut.co.za

Telephone
021-503-7100

  • Fund management  
Frank Sibiya
Frank joined Customised Solutions in September 2009 as an Investment Analyst before becoming an Index Portfolio Manager in 2012. He is responsible for managing both local and international tracker funds. He has eight years industry experience specialising in managing funds in Africa, and Emerging Markets.
Prior to joining Customised Solutions, he was a lecturer at Tshwane University of Technology (Mathematics and Statistics Department) for five years. Frank also worked as a research assistant for Siyazi-SA Consulting, under operations risk management.
Bernisha Lala
Bernisha joined Old Mutual Customised Solutions as an Indexation Portfolio Manager in 2017. Her responsibilities include indexation portfolio management, optimisation and implementation.
Prior to this role she held positions as both a quantitative analyst and portfolio manager at Taquanta Asset Managers, working on both the passive and active product offerings. Bernisha joined Nedbank in 2005 as a quantitative analyst and worked in the Corporate Ratings unit. She also worked as an assistant lecturer in the Department of Statistics at the University of Pretoria. Bernisha has 12 years of work experience in the investment industry.
Stanley Bisho
- 6 years of industry experience


  • Fund manager's comment

Old Mutual Core Conservative comment - Sep 19

2019/10/23 00:00:00
The broad South African equity market exposure in the fund is primarily through an allocation to the FTSE/JSE Capped Shareholder Weighted All Share Index (Capped SWIX), which is intended to be a fairer refl ection of the investment universe available to a South African investor. The Capped SWIX, which has a strategic weighting of 25.00% in the fund, detracted by -4.5% for the quarter ending September 2019.
All sectors had negative returns, with the worst detractors being telecommunication and fi nancials, detracting -7.77% and -6.76%, respectively. In addition to the broad local equity market exposure, the fund also has exposure to SA listed property, which has a strategic weight of 5.00%. The FTSE/JSE SA Listed Property Index detracted -4.44% for the quarter ending September 2019.
The international equity exposure is invested in the MSCI All Country World ESG Leaders Index, which has a strategic weighting of 12.50%. The MSCI All Country World ESG Leaders Index, which offers exposure to both developed and emerging markets globally, returned 0.81% in US dollar terms. The rand depreciated against the US dollar by 7.35% over the quarter, which would have a positive impact on returns to South African investors.
To diversify the fund away from equity, the fund invests in nominal bonds through exposure to the JSE All Bond Index (ALBI), which has a strategic weighting of 20.00%. The ALBI increased by 0.74% for the quarter. The shorter duration bonds were the best performing with the 1-3 year and 3-7 year baskets returning 1.22% and 1.25% respectively. The long duration bonds with 12+ year bonds returned 0.52%.
In addition to the nominal bond exposure, an allocation is also made to infl ation-linked government bonds through exposure to the JSE IGOV Index, which has a strategic weight of 10.00%. The JSE IGOV Index increased slightly by 0.11% for the quarter.
  • Fund focus and objective  
The fund aims to achieve long-term inflation-beating growth from a cost-efficient balanced portfolio with an equity exposure typically displayed by multi-asset low equity portfolios conforming to the regulations governing retirement fund investments.
This fund is suited to investors wanting inflation-beating long-term growth in a cost-efficient multi-asset low equity fund with less volatility in the short term compared to a multi-asset medium equity fund. The fund is suitable as a stand-alone retirement investment.
The fund is exposed to all sectors of the market (shares, bonds, property and cash) with a maximum of 40% exposure to equities and may gain exposure to foreign assets up to a maximum of 30% of its portfolio (with an additional 10% for African ex-SA investments). The fund will have a minimum exposure of 50% to passively managed underlying securities. Derivatives may be used for efficient portfolio management purposes.
The fund complies with retirement fund legislation. It is therefore suitable as a stand-alone fund in retirement products where Regulation 28 compliance is specifically required.
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