-25.11  /  -1.36%

1846.95

NAV on 2020/08/14
NAV on 2020/08/13 1872.06
52 week high on 2019/12/18 1956.32
52 week low on 2020/03/19 1315.36
Total Expense Ratio on 2020/06/30 1.77
Total Expense Ratio (performance fee) on 2020/06/30 0
NAV
Incl Dividends
1 month change 2.01% 2.01%
3 month change 11.7% 12.58%
6 month change -3.63% -2.87%
1 year change 1.58% 3.9%
5 year change 1.27% 2.95%
10 year change 0% 0%
Price data is updated once a day.
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  • Sectoral allocations
Basic Materials 18.82 22.27%
Consumer Goods 11.82 13.99%
Consumer Services 9.38 11.09%
Financials 12.88 15.24%
Health Care 4.83 5.71%
Industrials 1.99 2.35%
Liquid Assets 4.73 5.60%
Technology 20.06 23.74%
  • Top five holdings
 NASPERS-N 15.79 18.68%
 BHP 7.99 9.46%
 BATS 7.53 8.91%
 ANGLO 6.27 7.42%
 RICHEMONT 4.29 5.08%
  • Performance against peers
  • Fund data  
Management company:
Sanlam Collective Investments
Formation date:
2011/04/01
ISIN code:
ZAE000155305
Short name:
U-SPIEQUI
Risk:
Unknown
Sector:
South African--Equity--General
Benchmark:
FTSE/JSE All Share Index (Gross of fees)
Email
No email address listed.

Website
No website listed.

Telephone
021-947-9111

  • Fund management  
Alwyn van der Merwe
Alwyn joined the Old Mutual Group in 1989 and has managed numerous retirement fund and unit trust portfolios.Alwyn currently manages the portfolios of a number of retirement funds. He is also the portfolio manager of the Namibia Growth Fund and the Namibian Managed Unit Trust Fund.
David Lerche


  • Fund manager's comment

Sanlam Private Wealth Equity - Dec 19

2020/02/28 00:00:00
Along with emerging markets, South African equities rebounded firmly in December with the FTSE/JSE All Share Index (ALSI) posting a total return gain of 3.3%. Increased clarity regarding trade negotiations between the US and China, and a Conservative Party victory in the UK local elections boosted the so-called risk-on trade. Global markets were strong, emerging markets leading the way with a 7.5% advance in equity prices, while the MSCI World Index gained 3.0% in US dollar terms.
The SA resources sector gained 7.0% in December, followed by industrials (+2.3%). SA financials managed to eke out a total return of only +0.7%. It was another very strong month for precious metal equities. The top SA resources equity sector performance came from gold (+19.5%) and platinum (+17.6%), followed by chemicals (+13.2%). Losing sectors were populated by industrial and financial counters. The telecoms sectors struggled again, with fixed line losing -25.7% and mobile down 9.0%.
The All Bond Index (ALBI) return of 1.9% was the best monthly performance of H2 2019. Cash returned 0.6%. SA listed property was the worst performing asset class, shedding 2.1%.
These monthly returns were instrumental for the Q4 2019 outcome. In Q4, the ALSI posted a total return of +4.6% versus -4.6% in Q3. Cash and the ALBI each posted a total return of +1.7% in Q4 (+1.8% and +0.7% respectively in Q3). Listed property was the Q4 2019 overall asset class loser with a total return of +0.6%.
The Fund recorded a return of 8.4% for the 12 months to the end of December, underperforming the benchmark return of 12.0%, but ahead of the median peer return of 7.9%. The Fund’s material underperformance relative to the benchmark was driven by our lack of exposure to gold and platinum miners over the past year.
When compared to competing general-equity unit trusts, the Fund was in the top half of the peer group over the past 12 months and remains in the top quartile of the peer group over five years.
We made no material changes to the Fund in December 2019. The improving sentiment towards some of our key investments during the month bodes well for improved performance in 2020.
  • Fund focus and objective  
The objective of this portfolio is to provide above average growth in capital over the medium to long term. Income will be of secondary importance. The risk associated with this portfolio will be the same as the risk associated with SA equities as an asset class. Volatility of capital can occur over the short term. The portfolio will invest in assets in liquid form and in shares across all sectors of the JSE Securities Exchange of South Africa, (JSE Limited). The investment manager will also be allowed to invest in financial instruments as allowed by the Act from time to time in order to achieve its investment objective. Apart from the above, the portfolio may also invest in participatory interests of portfolios of collective investment schemes registered in the Republic of South Africa or of participatory interest in collective investment schemes or other similar schemes operated in territories with a regulatory environment which is to the satisfaction of the manager and the trustee of a sufficient standard to provide for investor protection which is at least equivalent to that in South Africa. The Manager shall be permitted to invest on behalf of the SPI Equity Fund in offshore investments as legislation permits.
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