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-0.02  /  -0.01%


NAV on 2019/11/11
NAV on 2019/11/08 308.79
52 week high on 2019/06/13 313.77
52 week low on 2019/01/04 289.32
Total Expense Ratio on 2019/03/31 1.47
Total Expense Ratio (performance fee) on 2019/03/31 0
NAV Incl Dividends
1 month change 1.66% 1.66%
3 month change 0.8% 0.8%
6 month change 0.34% 2.24%
1 year change 1.57% 5.39%
5 year change 2.49% 5.4%
10 year change 4.44% 6.33%
Price data is updated once a day.
  • Sectoral allocations
Basic Materials 421.00 15.38%
Consumer Goods 126.59 4.63%
Consumer Services 48.83 1.78%
Financials 32.62 1.19%
Industrials 286.14 10.45%
Liquid Assets 104.18 3.81%
Money Market 923.50 33.74%
Technology 100.85 3.68%
Telecommunications 47.71 1.74%
Offshore 645.48 23.58%
  • Top five holdings
OMGISLAMEF 578.71 21.14%
MONEYMARK 102.00 3.73%
MM-17MONTH 82.00 3%
MM-01MONTH 81.00 2.96%
MM-02MONTH 80.50 2.94%
  • 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
45% Customised SA Shari'ah Equity Index, 10% S&P Developed Markets Large and Mid-Cap Shari'ah Index, 40% STeFI Composite - 0.5% & 5% Three-month US Dollar LIBOR
Contact details




  • Fund management  
Saliegh Salaam
- 22 years of investment experience
Warren Mcleod
- 19 years of investment experience

  • Fund manager's comment

OM Albaraka Balanced comment - Sep 19

2019/10/23 00:00:00
The ongoing US-China trade tensions, a drone strike on Saudi oil facilities and more Brexit drama encouraged intra-month volatility. Local equities hardly managed to hold on to gains, recording a return of 0.19% for the month of September, and local markets had no reaction to the South African Reserve Bank’s decision to keep rates unchanged. Globally, after central banks eased policy in response to slowing economic growth, both the US Federal Reserve and European Central Bank cut rates.
The FTSE/JSE All Share Index (ALSI) was down by 4.57% over the quarter ending September 2019. Large, mid- and small caps returned -5.22%, -1.81% and -3.22% respectively for the quarter ending September 2019.
The local currency weakened against the greenback by 7.35%, by 4.02% against the sterling, and 2.97% against the euro for the quarter ending September 2019.
There were no sectors that contributed positively in absolute terms within the ALSI for the quarter. The worst performing sectors for the quarter, down by 7.77% and 6.76%, were telecommunications and financials respectively.
This fund is suited to investors wanting moderate to high long-term growth from their Shari’ah compliant investments, with less volatility in the long term than pure equity. The fund is also suitable as a stand-alone retirement investment.
The fund’s offshore allocation is at approximately 25%, providing investors with significant diversification benefits. The fund is a Regulation 28-compliant, medium-equity allocation fund. The implication is, in terms of its mandate, it can hold a maximum of 60% in equities.
The fund’s current allocation to equities is roughly 60%. Around 40% of the fund is invested in domestic equities and approximately 20% in offshore equities. Shari’ah compliant short-term cash investments now comprise 40% of the fund.
  • Fund focus and objective  
The Old Mutual Albaraka Balanced Fund is a Shari'ah compliant asset allocation fund that offers investors access to local and international asset classes including equity, liquid assets and non-equity securities, such as sukuks (Islamic bonds) and equity conduits. The fund may also invest in the portfolios of other unit trusts, both locally and those registered in countries with acceptable regulatory environments.
The fund is regulation 28 compliant and is suitable for retirement fund investors.



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