Investec Opportunity Fund

20 January 2020

General Information

Status Open
Fund category: Unit Trust
Management company: Investec Fund Managers SA (RF) (Pty) Ltd.
Asset Manager(s): Clyde Rossouw
Sector South African--Multi Asset--High Equity
Benchmark Inflation plus 6% (net of fees) over a 3 to 5-year rolling period
Launch Date 02 May 1997
Fund Value ZAR 44,250,114,008.00 as at 30 Sep 2019
Risk Rating
Low Risk  High Risk
Performance Target N/A
Status is provided by the management company. This does not provide an indication of the availability of the fund within an Old Mutual product and may differ from the status of the fund within a product. The displayed risk rating may differ from the risk rating provided by the management company, where deemed appropriate.

Fund Description

The Investec Opportunity Fund aims to produce dependable inflation-beating returns, while minimising downside risk. The objective is to achieve returns well in excess of inflation measured over three to five year periods.

The fund invests in a mix of South African equities, bonds and money market instruments, as well as international equity and fixed interest investments. Equity exposure is currently limited to 75% and the international exposure to 25%. The allocation of assets is actively managed with a bias towards equities that are attractively priced given their inherent value.

Fund features
·Strong focus on capital preservation and absolute returns through active asset allocation and stock selection decisions.
·Emphasis on companies with consistent real dividend and earnings growth.
·Lower volatility than traditional balanced funds.


Latest NAV/Sell Price: ZAR 1,216.31 17 Jan 2020
Highest NAV/Sell Price: ZAR 1,222.24 05 Sep 2018

Prices are those of the class available to the public through an Old Mutual product.

Price Performance

Daily Performance Figures as at 17 January 2020

1 Year 3 Years 5 Years
Fund performance results are calculated on the NAV-to-NAV fund performance of the oldest class, net of asset management fees. Figures are calculated on a lump sum basis in the currency of the fund and are annualised. Sector performance results include reinvested income and are gross of any deductions.

Asset Management Fees

Initial Fee: N/A
Annual Fee: 2.129
Performance Fee: N/A
Total Expense Ratio: 0.86
Fees are those of the class available to the public through an Old Mutual product and include VAT. Fees are those levied when investing in the fund through an Old Mutual product and are separate from product administration charges and adviser fees. For feeder funds and funds of funds, the total annual asset management fee does not include the fees in respect of underlying unit trust charges. The annual underlying unit trust charges generally vary between 0.46% and 1.14% including VAT, depending on the fund(s) chosen.

Asset Split as at 30 September 2019

Holding Name Percentage
Foreign Cash
Foreign Equities
Foreign Property
Local Bonds
Local Cash
Local Equities
Local Property

Top Holdings (out of 54) as at 30 September 2019

Holding Name Sector Percentage
INVGLQUEQINCO Equities 28.83%
O-IGSFGOE Offshore Intern 8.87%
R2030 Bond 7.86%
R2037 Bond 5.76%
U-INVMM Money Market 4.67%
U-NEWGOLD Exchange Traded Funds 4.25%
BATS Tobacco 3.98%
R213 Bond 3.37%
ASSORE Mining 3.24%
RICHEMONT Personal Goods 3.14%


Whilst every effort has been made to ensure the accuracy and completeness of the content shown on this site, the information provided is not intended to construe advice or a recommendation, guidance or proposal regarding any financial product and the use of this site and the online services is entirely at the user's own risk. Old Mutual Life Assurance Company (SA) Limited and/or any of their respective affiliates, Old Mutual Investment Services (Pty) Ltd and Profile Group (Pty) Ltd shall not be responsible for any loss, damage (whether direct, indirect, special or consequential) and/or expense or any nature whatsoever, which may be suffered as a result of, or which may be attributable to the use of or reliance upon any information, links or services.

Information is subject to copyright.

Copyright in all information supplied via this service is owned by Profile Group (Pty) Ltd and/or its subsidiaries, and is protected by both national and international intellectual property laws. Accordingly, any unauthorised copying, reproduction, retransmission, distribution, dissemination, sale, publication, broadcast or other circulation or exploitation of this material will constitute an infringement of that copyright. No part of the information supplied via this service may be reproduced or transmitted in any form or by any means, electronic or mechanical, without permission in writing from Profile Group (Pty) Ltd.