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0.61  /  0.24%

253.56

NAV on 2019/09/16
NAV on 2019/09/13 252.95
52 week high on 2019/06/20 258.26
52 week low on 2019/01/02 245.92
Total Expense Ratio on 2019/06/30 1.4
Total Expense Ratio (performance fee) on 2019/06/30 0
NAV Incl Dividends
1 month change 1.36% 1.36%
3 month change -1.21% 1.5%
6 month change 0.88% 3.65%
1 year change -0.69% 4.83%
5 year change 0.02% 4.14%
10 year change 2.07% 5.22%
Price data is updated once a day.
  • Sectoral allocations
Basic Materials 81.43 7.36%
Consumer Goods 33.82 3.06%
Consumer Services 22.54 2.04%
Derivatives -0.34 -0.03%
Financials 117.18 10.60%
Gilts 335.67 30.36%
Health Care 2.57 0.23%
Industrials 13.76 1.24%
Liquid Assets 67.32 6.09%
Money Market 308.67 27.91%
Specialist Securities 38.64 3.49%
Technology 70.04 6.33%
Telecommunications 14.46 1.31%
  • Top five holdings
MM-04MONTH 133.32 12.06%
MM-05MONTH 125.32 11.33%
 NASPERS-N 70.04 6.33%
MM-12MONTH 40.00 3.62%
U-NEWGOLD 38.64 3.49%
  • Performance against peers
  • Fund data  
Management company:
Old Mutual Unit Trust Managers (RF) (Pty) Ltd.
Formation date:
2008/02/28
ISIN code:
ZAE000109476
Short name:
U-OMCAPBI
Risk:
Unknown
Sector:
South African--Multi Asset--Low Equity
Benchmark:
Standard Bank call rate for amounts of R1 million
Contact details

Email
unittrusts@oldmutual.com

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

Telephone
021-503-7100

  • Fund management  
Shamik Jeewa


  • Fund manager's comment

Old Mutual Capital Builder comment - Jun 19

2019/08/19 00:00:00
The quarter saw the return of volatility to markets, with the S&P 500 moving through an 8% trading range to end the quarter up 4.3%. The Top 40 Index ended the quarter up 4.6%, in line with global markets. The fund has maintained its exposure to equity at 26%, which is fully protected due to both local and global headwinds. Globally, the trade war between the US and China has seen the market swing between risk-on and risk-off environments, causing large swings in risk assets. The fund’s current diversified position has continued to pay off in the last quarter as gold was up 9% and listed property up close to 5% on a total return basis. As market conditions normalise we will revaluate our exposure to risk assets and look to move our exposure as required. The Capital Builder Fund has a combination of protected equity, high-yielding fixed income assets as well as exposure to the local property sector. This will allow the fund to participate in any upside if growth assets deliver real returns. We do, however, remain cautious and are well placed to protect capital if markets retrace. This approach has served the portfolio well as it continues to provide the optimal blend of exposure to growth assets and capital protection.
  • Fund focus and objective  
FUND OBJECTIVE
The fund aims to achieve capital protection and stable, tax-efficient growth
in excess of cash returns. The fund targets a gross annual return of 3% above
cash returns over rolling three-year periods, and aims to deliver positive returns
every quarter. Where negative quarters are experienced, the drawdowns are
likely to be relatively small.
WHO IS THIS FUND FOR?
The fund is suited to astute investors who want capital protection and stable, tax-efficient growth in excess of cash returns.
INVESTMENT MANDATE
The fund invests in a broad spectrum of asset classes, including cash, fixed income, listed property and equities. Although equities generally account for between 65% and 75% of the portfolio, derivatives are used to reduce this to an effective equity exposure of 0% to 40%. The fund invests primarily in 20 to 25 large capitalisation shares. The balance of the portfolio is held in cash and money market instruments.
REGULATION 28 COMPLIANCE
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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