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  •  Perpetua Sanlam Collective Investments Balanced Fund (A)

-0.85  /  -0.89%


NAV on 2019/05/23
NAV on 2019/05/22 96.03
52 week high on 2018/09/03 103.92
52 week low on 2019/01/04 93.83
Total Expense Ratio on 2018/12/31 1.65
Total Expense Ratio (performance fee) on 2018/12/31 0
NAV Incl Dividends
1 month change -5.08% -5.08%
3 month change -1.69% -1.69%
6 month change -0.36% 1.3%
1 year change -7.38% -4.1%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Basic Materials 5.16 9.61%
Consumer Goods 5.69 10.60%
Consumer Services 4.09 7.61%
Financials 8.18 15.22%
Gilts 7.04 13.11%
Health Care 2.31 4.30%
Industrials 1.40 2.61%
Liquid Assets 1.62 3.02%
Money Market 0.93 1.74%
Specialist Securities 0.25 0.47%
Technology 0.51 0.95%
Telecommunications 0.85 1.57%
Offshore 15.68 29.19%
  • Top five holdings
 BATS 2.22 4.13%
 WOOLIES 1.33 2.48%
 ABSA 1.32 2.46%
 SASOL 1.14 2.13%
 TIGBRANDS 1.13 2.1%
  • Performance against peers
  • Fund data  
Management company:
Sanlam Collective Investments
Formation date:
ISIN code:
Short name:
South African--Multi Asset--High Equity
60% FTSE/JSE SWIX J403T index, 20% ALBI,5% STEFI,9% MSCI World Index and 6% Barclays Global Aggregate Bond index calculated over a 2 year rolling period
Contact details

No email address listed.

No website listed.


  • Fund management  
Delphine Govender
Delphine joined Allan Gray as an analyst in July 2001 after completing her articles at Deloitte & Touche in January 1998.
She was appointed as trainee portfolio manager in April 2003 and was promoted to the position of portfolio manager in January 2005 and takes full responsibility in managing the relative portfolios.
In February 2006 Delphine accepted an invitation to join the board of Allan Gray Property Trust Management Limited as a director of Grayprop.
As at end April 2006, Delphine was also appointed as a director of Allan Gray Limited.

  • Fund manager's comment

Perpetua SCI Balanced Fund - Sep 18

2019/01/07 00:00:00
Market overview The SWIX was down 3.3% for Q3 2018 dragging the 12 month return down to 0.9%. Despite resources returning 26.9% for the 12 months, industrials lagged considerably, down 7.7%, due mainly to the underperformance of the healthcare, telecommunication and technology sectors. The ALBI rose 7.1% for the 12 months with the Barclays Global Bond Index down 1.3% in Rands. The MSCI World Index delivered 16.4% for the 12-month period in Rands.
Portfolio overview The portfolio returned 2.6% for the year versus 4.4% for the composite benchmark over the same period. The biggest detractor of performance was the underperformance of our global equities relative to the MSCI World Index equity benchmark. This was due to our exposure to Pandora, Bayer and Continental over the period. Our local equities also underperformed the SWIX mainly due to our overweight positions in Blue Label, Brait, Woolworths and Pioneer Foods. Our interest-bearing component outperformed the combined interest-bearing benchmark.
Portfolio Positioning Whilst the portfolio’s equity weighting remains lower than the maximum equity exposure, we continue to find increasingly more attractive investment opportunities which we are uncovering through our bottom-up research both domestically and globally. These opportunities are being sourced along the Perpetua True Value Continuum and broadly across sectors too. Our largest overweight domestic equity positions include Woolworths, Datatec and British American Tobacco. Globally, our largest overweight positions are Berkshire Hathaway, AIA Group and American Express. From an interest-bearing perspective, we have invested in selected global long bonds and as a result increased the overall duration of the interest-bearing component of the portfolio.
  • Fund focus and objective  
The primary objective of the Perpetua MET Balanced Fund is to offer investors a moderate long term total return. The portfolio will be managed in compliance with prudential investment guidelines for retirement funds in South Africa to the extent allowed for by the Act.

In order to achieve its objective, the investments normally to be included in the portfolio may comprise a combination of assets in liquid form, money market instruments, interest bearing instruments, bonds, debentures, corporate debt, equity securities, property securities, preference shares, convertible equities, derivatives and non-equity securities.
The manager may also invest in participatory interests or any other form of participation in portfolios of collective investment schemes or other similar collective investment schemes as the Act may allow from time to time, and which are consistent with the portfolio's investment policy. Where the aforementioned schemes are operated in territories other than South Africa, participatory interests or any other form of participation in portfolios of these schemes will be included in the portfolio only where the regulatory environment is, to the satisfaction of the manager and the trustee, of sufficient standard to provide investor protection at least equivalent to that in South Africa.
The portfolio may from time to time invest in listed and unlisted financial instruments, in accordance with the provisions of the Act, and the Regulations thereto, as amended from time to time, in order to achieve the portfolio's investment objective. The manager may also include forward currency, interest rate and exchange rate swap transactions for efficient portfolio management purposes.
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