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0.73  /  0.33%


NAV on 2021/09/17
NAV on 2021/09/16 223.17
52 week high on 2021/08/31 227.72
52 week low on 2020/10/30 191.56
Total Expense Ratio on 2021/06/30 0.81
Total Expense Ratio (performance fee) on 2021/06/30 0
Incl Dividends
1 month change -1.24% -1.24%
3 month change -0.51% 1.02%
6 month change 1.62% 3.19%
1 year change 11.92% 15.78%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
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  • Sectoral allocations
Basic Materials 9.49 5.29%
Consumer Discretionary 6.71 3.74%
Energy 0.34 0.19%
Financials 8.80 4.91%
Fixed Interest 10.75 5.99%
General Equity 26.76 14.92%
Health Care 0.98 0.55%
Industrials 1.45 0.81%
Liquid Assets 9.98 5.56%
Oil & Gas 0.00 0.00%
Real Estate 14.04 7.83%
SA Bonds 43.08 24.02%
Spec Equity 26.44 14.74%
Technology 4.51 2.51%
Telecommunications 2.27 1.27%
Offshore 13.73 7.66%
  • Top five holdings
U-OMCAPSX 26.76 14.92%
U-OMWRESG 23.11 12.88%
O-GGVBISH 13.53 7.55%
U-OMMM 10.75 5.99%
 NASPERS-N 3.79 2.11%
  • Performance against peers
  • Fund data  
Management company:
Old Mutual Unit Trust Managers (RF) (Pty) Ltd.
Formation date:
ISIN code:
Short name:
South African--Multi Asset--Medium Equity



  • 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 Moderate comment - Dec 19

2020/02/24 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 Index (Capped SWIX), which is intended to be a fairer reflection of the investment universe available to a South African investor. The Capped SWIX has a strategic weighting of 35% in the fund and returned +5.3% for the quarter ending December 2019.
The best performing sector was healthcare with a return of +20.5% for the quarter. Telecommunications was the worst performing sector for the quarter, returning -13.3%. In addition to the broad local equity market exposure, the fund also has exposure to SA listed property with a strategic weight of 7.5%. The JSE SA Listed Property Index returned +0.6% for the quarter ending December 2019.
The international equity exposure is invested in the MSCI ACWI ESG Leaders Index, which has a strategic weighting of 15%. The MSCI ACWI ESG Leaders Index offers exposure to both developed and emerging markets globally. The MSCI ACWI ESG Leaders Index returned +8.9% in USD terms for the quarter. The rand strengthened against the US dollar by 7.8% over the quarter, which would have a negative 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 15%. The ALBI increased by 1.7% for the quarter. The middle of the duration curve was the best performing returning 2.7% while the long duration bonds returned 1.3%.
In addition to the nominal bond exposure, an allocation is also made to inflation-linked government bonds through exposure to The JSE IGOV Index, which has a strategic weight of 10%. The JSE IGOV Index decreased by 1.0% 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 medium equity portfolios conforming to the regulations governing retirement fund investments.
This fund is suited to investors wanting moderate long-term growth in a cost-efficient multi-asset medium equity fund with less volatility in the short term compared to a pure 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 60% 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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