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6.06  /  0.39%

1554.08

NAV on 2019/07/19
NAV on 2019/07/18 1548.02
52 week high on 2018/09/03 1695.84
52 week low on 2019/07/02 1513.37
Total Expense Ratio on 2019/03/31 1.17
Total Expense Ratio (performance fee) on 2019/03/31 0
NAV Incl Dividends
1 month change -0.15% 1.35%
3 month change -4.84% -2.79%
6 month change -5.04% -3%
1 year change -5.47% -2.47%
5 year change -3.45% -0.77%
10 year change 7.71% 10.36%
Price data is updated once a day.
  • Sectoral allocations
Basic Materials 65.86 9.67%
Consumer Goods 71.61 10.51%
Consumer Services 122.14 17.93%
Cyclical Services 0.00 0.00%
Financials 159.64 23.44%
Fixed Interest 34.00 4.99%
Health Care 28.29 4.15%
Industrials 164.18 24.10%
Liquid Assets -6.74 -0.99%
Technology 27.06 3.97%
Telecommunications 15.12 2.22%
  • Top five holdings
 ITLTILE 34.09 5%
U-OMMM 34.00 4.99%
 REINET 32.97 4.84%
 DATATEC 27.06 3.97%
 TSOGO SUN 26.86 3.94%
  • Performance against peers
  • Fund data  
Management company:
Old Mutual Unit Trust Managers (RF) (Pty) Ltd.
Formation date:
1997/04/30
ISIN code:
ZAE000020772
Short name:
U-OMSMALL
Risk:
Unknown
Sector:
South African--Equity--Mid and Small Cap
Benchmark:
FTSE/JSE Large Cap Index (J205)
Contact details

Email
unittrusts@oldmutual.com

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

Telephone
021-503-7100

  • Fund management  
Brian Pyle
Brian joined Old Mutual in 1998 and moved to Old Mutual Equities in 2012. In addition to his role as portfolio manager, Brian is the assigned analyst of many companies within the consumer and industrial sectors. Before joining Old Mutual Equities, Brian headed up Old Mutual Investment Group's Equity Research Unit, where he had oversight of a team of specialist equity portfolio managers and analysts. Brian has 19 years of industry experience.
Brian is currently the portfolio manager of the Old Mutual Industrial Fund, an SA based mutual fund. He is also an analyst for the industrial sector.


  • Fund manager's comment

Old Mutual Mid & Small-Cap comment - Sept 18

2018/12/13 00:00:00
The small cap and mid-cap indices returned -2.22%% and -1.74%, respectively, over the quarter ending 30 September 2018, while the FTSE/JSE Top 40 Index returned -2.72%%. The overall assessment of South Africa Incorporated stocks is that they are going through an economic reality check. The 'Ramaphoria' has worn off and it’s been replaced by the Zuma hangover effect. In these uncertain times the corporates are also delaying or postponing capital expenditure until post elections, which further compounds the growth conundrum. Times are tough in the real economy and consumers are under major pressure, especially as the oil/petrol price moves make managing personal budgets even harder. The various court cases and commissions will likely reaffirm the rule of law in the country, but it has been a long slow process and a lot of damage has been done.
The fund, like most emerging market funds, is starting to offer some real value. However, with the caveat that the recovery in SA will be a long and slow process. There is plenty of value out there, but there is also plenty of risk and uncertainty. The portfolio is positioned to capitalise on the value, price the risk, and to try and avoid as much of the uncertainty as possible. Over the last three years in particular, though, we have learnt that despite our best intentions the shares are all subject to the uncertain environment in some way or another.
The fund outperformed its peer group average over the last quarter.
The rolling P/E ratio of the Old Mutual Mid & Small- Cap Fund is 12.7 times, and its rolling dividend yield is 4.2%, while the fund is forecast to deliver 40.1% earnings growth for the coming year.
  • Fund focus and objective  
The fund aims to offer superior returns over the medium to longer term by investing in companies with a market capitalisation smaller than the company with the lowest market capitalisation listed on the FTSE/JSE Large Cap Index (J205).
This fund is suited to investors seeking long-term capital growth by investing in a focused portfolio of mid- and small cap companies. These investors can tolerate stock market volatility.
The fund invests in established companies with a market capitalisation smaller than the company with the lowest market capitalisation listed on the FTSE/JSE Large Cap Index (J205). The fund aims to achieve its performance objectives through superior share selection. Derivatives may be used for efficient portfolio management purposes.In order to achieve the fund objective the portfolio manager may choose to gain exposure to the described assets and asset classes by investing through OMLACSA pooled portfolios, collective investment schemes or a combination thereof.
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