25 September 2020

General Information

Status Open
Fund category: Unit Trust
Management company: Nedgroup Collective Investments (RF) (Pty) Ltd.
Asset Manager(s): Foord Asset Management
Sector South African--Multi Asset--Low Equity
Benchmark Inflation plus 4% per annum, over a rolling 3-year period
Launch Date 01 November 2007
Fund Value ZAR 18,654,677,694.00 as at 30 Jun 2020
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 portfolio aims to offer investors total returns that are in excess of inflation over the medium-term and is suitable for conservative investors requiring a high level of capital protection, with the potential for some capital growth and who do not wish to make complex asset allocation decisions between equities, cash and bonds, both locally and offshore. Diversification across asset classes and a maximum equity exposure of 40% helps to reduce risk and volatility relative to an average prudential portfolio. The portfolio complies with Regulation 28 of the South African Pension Funds Act.


Latest NAV/Sell Price: ZAR 199.58 23 Sep 2020
Highest NAV/Sell Price: ZAR 204.40 07 Aug 2020

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

Price Performance

Daily Performance Figures as at 23 September 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: N/A
Performance Fee: N/A
Total Expense Ratio: 1.93
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 June 2020

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

Top Holdings (out of 41) as at 30 June 2020

Holding Name Sector Percentage
R186 Bond 23.94%
O-FRDINT Offshore Intern 17.72%
O-FRDGLBE Offshore Intern 17.29%
CASH Cash on call 5.55%
U-NEWGOLD Exchange Traded Funds 5.20%
R2035 Bond 3.75%
MM-05MONTH Money Market 3.29%
R2030 Bond 2.26%
I2025 Bond 2.03%
CAPCO Real Estate Investment Trusts 1.86%


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