Page 289 - Profiles's Unit Trusts & Collective Investments - September 2024

Novare Balanced Fund

Novare Balanced Fund
Novare Balanced Fund
Sector: South African—Multi Asset—
Medium Equity HISTORICAL PERFORMANCE All figures to 30 June 2024
Fund benchmark: CPI + 3% net of fees R1 000 Lump Sum(NAV-NAV) R100 Per Month(NAV-NAV)
Code (A1): NBALA1 Yrs Return Value Inflation Return Value Inflation Volatility
1 (A1) 8.06% R1 081 R1 052 10.55% R1 271 R1 229 6.90
MANAGEMENT 2 (A1) 11.52% R1 244 R1 109 9.90% R2 664 R2 523 6.88
Novare Investments (Pty) Limited 3 (A1) 9.39% R1 309 R1 191 8.93% R4 142 R3 911 6.69
4 (A1) 9.24% R1 424 R1 249 9.03% R5 799 R5 374 6.57
FUND FOCUS 5 (A1) 7.80% R1 456 R1 276 8.79% R7 557 R6 886 8.59
The Novare Balanced Fund aims to offer HISTORICAL DISTRIBUTIONS Actual payout (cents/unit) & 12-mnth historic yields
investors a moderate long term total re-
turn. The portfolio will be in compliance Period Ending End Price Jun Dec 12-mnth DY%
with prudential investment guidelines 30 Jun 24 (A1) 1 254.31 20.47 - 3.37
for retirement funds in South Africa to 31 Dec 23 (A1) 1 226.14 20.66 21.81 3.46
the extent allowed for by the Act. 31 Dec 22 (A1) 1 136.30 20.36 21.03 3.64
The portfolio equity exposure will be 31 Dec 21 (A1) 1 152.55 10.47 15.87 2.29
limited to a maximum of 60%. 31 Dec 20 (A1) 1 006.34 16.87 12.60 2.93
In order to achieve its objective the port-
folio will invest in a broad spectrum of Risk / Return Profile
South African and offshore securities. 20
The investments to be included in the
portfolio may comprise a combination of
securities such as assets in liquid form,
interest bearing instruments, bonds, de- 3yr Compound return(%) 10
bentures, corporate debt, equity securi-
ties, property securities, preferences
shares, convertible equities, non-equity
securities and money market 0 0 11 22
instruments. Volatility p.a.
The portfolio will comply with all pru-
dential requirements and regulations Price History Relative Strength to FTSE/JSE All Share
controlling retirement funds or such 1230 index (J203)
other applicable legislation as may be de- 1.5
termined for retirement funds. 1160
1.3
DETAILS as at 30 June 2024 1090 1.1
All fees and charges include Vat 1020
0.9
Formation date: 15 Aug 2017
950 0.7
Min lump sum: R5 000
Minimum monthly: R500 880 18 | 19 | 20 | 21 | 22 | 23 0.5 18 | 19 | 20 | 21 | 22 | 23
Annual fee (A1): 0.75%
TER (A1) 03/24: 1.27%
TER Perf% (A1): 0.00%
Fund value: R257.38m
Risk rating: Medium
PlexCrowns:
Income declaration: 30/06, 31/12
Income payment: 02/07, 02/01

Profile’s Unit Trusts & Collective Investments — DOMESTIC 287