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0.57  /  0.47%

121.19

NAV on 2021/07/23
NAV on 2021/07/22 120.6164
52 week high on 2021/06/14 121.8669
52 week low on 2020/11/02 107.7478
Total Expense Ratio on 2021/03/31 1.41
Total Expense Ratio (performance fee) on 2021/03/31 0
NAV
Incl Dividends
1 month change 0.24% 1.18%
3 month change 1.37% 2.32%
6 month change 3.63% 5.26%
1 year change 10.06% 13.53%
5 year change 2.26% 6.08%
10 year change 0% 0%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Basic Materials 96.26 3.81%
Consumer Discretionary 76.77 3.04%
Derivatives 1.61 0.06%
Energy 5.70 0.23%
Financials 101.13 4.00%
Fixed Interest 42.99 1.70%
General Equity 6.31 0.25%
Health Care 7.94 0.31%
Industrials 13.66 0.54%
Liquid Assets 73.72 2.92%
Managed 719.37 28.48%
Real Estate 37.12 1.47%
SA Bonds 851.87 33.73%
Specialist Securities 10.12 0.40%
Technology 45.00 1.78%
Telecommunications 18.36 0.73%
Offshore 417.74 16.54%
  • Top five holdings
U-SBALCAU 354.17 14.02%
U-ABXABSA 346.52 13.72%
O-LEEQUI 238.52 9.44%
O-IGLFRAA 108.43 4.29%
 NASPERS-N 42.05 1.66%
  • Performance against peers
  • Fund data  
Management company:
STANLIB Collective Investments (RF) (Pty) Limited
Formation date:
2014/11/27
ISIN code:
ZAE000203360
Short name:
U-SMADEFB
Risk:
Unknown
Sector:
South African--Multi Asset--Low Equity
Benchmark:
Sector Average
Email
contact@stanlib.com

Website
http://www.stanlib.com

Telephone
011-448-6000

  • 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 Defensive Balanced 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 modest long-term growth of capital and income with volatility at levels consistent with low equity (max 40% equity) portfolios. The objective of the Fund is to outperform the average of the ASISA Multi-Asset Low Equity category, at risk levels consistent with that of the sector.
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