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-0.85  /  -0.21%

411.63

NAV on 2020/05/29
NAV on 2020/05/28 412.4767
52 week high on 2020/01/20 444.7599
52 week low on 2020/03/24 332.9263
Total Expense Ratio on 2020/03/31 1.25
Total Expense Ratio (performance fee) on 2020/03/31 0
NAV Incl Dividends
1 month change 1.47% 1.47%
3 month change -0.48% -0.48%
6 month change -4.85% -3.59%
1 year change -2.44% 0.15%
5 year change 1.37% 3.6%
10 year change 6.39% 8.81%
Price data is updated once a day.
  • Sectoral allocations
Alt X 0.00 0.00%
Basic Materials 379.46 6.63%
Consumer Goods 276.89 4.84%
Consumer Services 223.20 3.90%
Derivatives 7.25 0.13%
Financials 573.09 10.01%
Fixed Interest 75.75 1.32%
General Equity 4.94 0.09%
Gilt 0.58 0.01%
Gilts 720.10 12.58%
Health Care 54.45 0.95%
Industrials 42.86 0.75%
Liquid Assets 99.87 1.74%
Managed 778.80 13.60%
Money Market 80.37 1.40%
Other Sec 8.64 0.15%
Real Estate 12.80 0.22%
Spec Equity 14.72 0.26%
Specialist Securities 78.31 1.37%
Technology 445.33 7.78%
Telecommunications 59.98 1.05%
Offshore 1787.40 31.22%
  • Top five holdings
O-LEEQUI 1397.84 24.42%
U-FDOMBAL 778.80 13.6%
 NASPERS-N 331.89 5.8%
O-LEBOND 226.67 3.96%
 BATS 213.69 3.73%
  • Performance against peers
  • Fund data  
Management company:
STANLIB Collective Investments (RF) (Pty) Limited
Formation date:
2002/01/02
ISIN code:
ZAE000035507
Short name:
U-SLMMHEA
Risk:
Unknown
Sector:
South African--Multi Asset--High Equity
Benchmark:
60% Dom Eq Gen Peer Group; 2.5% BEASSA ALBI; 2.5% BEASSA 1 - 3 yr Idx; 2.5% STeFI Call Dep Idx; 7.5% SAPI; 10% Real Return Composite (30% ALSI plus 70% STeFI Call Dep Idx); 9% MSCI AC World Idx NR; 4.5% Barc Agg Bnd Idx; 0.75% Libor-USD; 0.75% Libor-EUR
Contact details

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

2020/03/02 00:00:00
The Fund aims to provide long-term growth of capital and income with volatility at risk levels consistent with a high equity (<75% equity) portfolios. The objective of the Fund is to produce returns in excess of the ASISA Multi- Asset High Equity category average, without assuming additional risk.
Given our standard assumptions*, we expect the Fund to deliver real returns of 6% p.a. i.e. CPI+6% p.a. over the long term (net of fees). To minimise the chance of capital loss, investors should expect to invest over periods of at least seven years. *
The real return objectives are derived from our long-term real return expectations for a range of asset classes, our expected systematic exposure to those asset classes in each of the funds, and the alpha expected from the managers managing the funds (from security selection and asset allocation).
  • 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 long-term growth of capital and income with volatility at (max 75% equity) portfolio. The objective of the Fund is to produce returns in excess of the ASISA Multi-Asset High Equity category average, at risk levels consistent with that of the sector.
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