-3.2  /  -1.47%


NAV on 2020/10/29
NAV on 2020/10/28 220.8193
52 week high on 2020/02/20 229.0649
52 week low on 2020/03/24 183.5374
Total Expense Ratio on 2020/06/30 1.02
Total Expense Ratio (performance fee) on 2020/06/30 0
Incl Dividends
1 month change -2.49% -2.49%
3 month change -1.94% -1.94%
6 month change 0.15% 2.38%
1 year change -2.16% 1.92%
5 year change 0.63% 4.27%
10 year change 3.35% 6.67%
Price data is updated once a day.
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  • Sectoral allocations
Basic Materials 70.17 7.25%
Consumer Goods 33.85 3.50%
Consumer Services 28.90 2.99%
Derivatives 6.09 0.63%
Financials 70.35 7.27%
Fixed Interest 204.46 21.12%
Health Care 5.72 0.59%
Industrials 5.44 0.56%
Liquid Assets 29.81 3.08%
Money Market 6.05 0.63%
Oil & Gas 0.32 0.03%
Other Sec 8.62 0.89%
SA Bonds 156.87 16.20%
Specialist Securities 15.19 1.58%
Technology 41.82 4.32%
Telecommunications 5.40 0.56%
Offshore 278.96 28.81%
  • Top five holdings
O-LEEQUI 174.91 18.07%
U-SLMMINA 51.02 5.27%
U-PRESTAB 41.50 4.29%
U-PFLEXFI 41.45 4.28%
  • Performance against peers
  • Fund data  
Management company:
STANLIB Collective Investments (RF) (Pty) Limited
Formation date:
ISIN code:
Short name:
South African--Multi Asset--Medium Equity
CPI(Gross of fees)



  • Fund management  
Malcolm Holmes
Malcolm Holmes has 11 years investment experience and has been a portfolio manager in his own right, which makes him the perfect candidate to oversee the evaluation of the underlying managers and their portfolios. As the head portfolio manager, Malcolm is the key person responsible for product development and design at STANLIB Multi-Manager. He is responsible for ensuring that our products meet their investment objectives and that the underlying managers meet their mandates.
STANLIB Multi-Manager
STANLIB Multi-Manager was established in 1999 and is the centre of excellence for multi-managed solutions within STANLIB. The investment team, led by Chief Investment Officer Joao Frasco, consists of an experienced team with a diverse set of investment skills. We have offices in Johannesburg and London, and currently have mandates in excess of R90 billion under stewardship. STANLIB Multi-Manager Funds are designed to deliver superior investment returns more consistently than through a single asset manager or mandate. Our approach allows investors’ to outsource the fund / manager selection decision, which includes the ongoing due diligence of managers and construction of portfolios, to meet pre-defined objectives over time. Risk management is a fundamental component of our investment philosophy and process and is therefore approached holistically. It permeates every part of our investment process, requiring participation and accountability from all individuals involved in the process.
Jennifer Henry
In addition to investment knowledge, Jennifer brings valuable experience and diversity to the team and it is expected that she will contribute at the highest level. Jennifer joined the team from Standard Bank Group Securities where she was an Equity Analyst covering Media, Electronic and IT stocks. She has over seven years of investment experience and has been highly rated in her area of expertise.
Richo Venter
Richo transferred to the Multi-Manager Research and Development Team from within STANLIB. He started his career at STANLIB as a Portfolio Compliance Manager before starting and heading up the STANLIB Implementation Team. The team subsequently merged into the STANLIB Risk, Analytics and Implementation Team and his role broadened to include risk management and analytical related responsibilities. Prior to STANLIB, Richo worked within the Collective Investments Schemes Department at the Financial Services Board. He started his career in 2004 at Life Healthcare as an Information Analyst.

  • Fund manager's comment

STANLIB MM Real Return comment - Dec 19

2020/03/02 00:00:00
Equities continued to show signs of weakness in the third quarter, undoing the positive momentum of the first half of the year. Global equities returned 7.3% in rand terms for the quarter, driven mostly by the rand losing 7.4% of its value against the US dollar. The sell-off happened in July and August when market participants became more concerned about slowing global trade as a result of the US/China trade war. Central banks tried to soften the blow by engaging in expansionary monetary policies, but their efforts fell short. SA equities were not spared from the sell-off and lost 5.1%. Chemicals company, Sasol, lost 27.7% of its value after announcing further delays in its financial results pending an in-depth investigation into the Lake Charles project. Listed property continued to feel the strain of a difficult economic environment and retreated 4.2%. SA bonds returned 0.7% for the quarter while SA cash gained 1.8%.
  • Fund focus and objective  
The Fund is a multi-asset class portfolio that is diversified across asset classes, sectors, various strategies and asset managers - both in South Africa and internationally. The Fund aims to provide moderate long-term growth of capital and income with (max 60% equity) portfolio. The objective of the Fund is to outperform the average of investable peers' returns i.e ASISA Multi-Asset Medium Equity category, at risk levels consistent with that of the sector.

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