-0.01  /  -0.01%

104.11

NAV on 2020/07/31
NAV on 2020/07/30 104.1229
52 week high on 2019/09/27 107.2297
52 week low on 2020/04/03 101.8432
Total Expense Ratio on 2020/03/31 1.06
Total Expense Ratio (performance fee) on 2020/03/31 0
NAV
Incl Dividends
1 month change -1.29% 0.36%
3 month change 0.78% 2.46%
6 month change -1.83% 1.44%
1 year change -1.86% 5.05%
5 year change 0.06% 7.47%
10 year change 0% 0%
Price data is updated once a day.
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  • Sectoral allocations
Derivatives 5.19 0.38%
Financials 19.89 1.47%
Fixed Interest 152.92 11.33%
Gilts 899.91 66.69%
Liquid Assets 56.17 4.16%
Money Market 153.14 11.35%
Other Sec 12.76 0.95%
Offshore 49.42 3.66%
  • Top five holdings
U-INVHINC 86.76 6.43%
U-INVCORP 65.82 4.88%
MM-07MONTH 40.21 2.98%
MM-09MONTH 35.18 2.61%
O-PSCGINC 32.60 2.42%
  • Performance against peers
  • Fund data  
Management company:
STANLIB Collective Investments (RF) (Pty) Limited
Formation date:
2002/01/02
ISIN code:
ZAE000035374
Short name:
U-SLMMINA
Risk:
Unknown
Sector:
South African--Multi Asset--Income
Benchmark:
BEASSA All Bond 1 to 3 year Split index
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
To outperform the average of investable peers’ returns i.e. ASISA MA Income category, at risk levels consistent with that of the sector. Given our standard assumptions*, we expect the Fund to deliver real returns of 3% p.a. i.e. CPI+3% 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 one year. *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 flexible income solution which aims to provide investors with regular and stable income. It targets a higher return than a traditional money market fund and intends to manage the investor's exposure across the entire fixed interest yield curve, using a flexible duration strategy. The Fund does not rely solely on cash to generate income, nor does it rely on the investment view of any single manager. The Fund is regulation 28 compliant. The objective of the Fund is to outperform the average of the ASISA MA Income category, at risk levels consistent with that of the sector.
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