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Ninety One Absolute Balanced Fund  |  South African–Multi Asset–Income
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1.7553    -0.0009    (-0.051%)
NAV price (ZAR) Fri 10 Jul 2020 (change prev day)
 
Snapshot
<i><b>  Performance</b></i><hr/>This gauge shows the decile position of the fund against 73 Rand-denominated South African--Multi Asset--Income funds over the last three years (needle right indicates above average performance)
Performance
<i><b>  Size</b></i><hr/>This gauge shows the size of the fund against all Rand-denominated retail funds (needle right indicates a large fund, needle left a small fund)
Size
<i><b>  Diversification</b></i><hr/>This gauge shows the level of diversification relative to other funds in the same second-tier (multi asset) category (needle right indicates a well-diversified fund)
Diversification
<i><b>  Risk</b></i><hr/>This gauge shows the fund's level of historical risk relative to other funds in the South African--Multi Asset--Income sector based on 3-year volatility (needle right indicates lower risk within the sector)
Risk
Fund Performance
  TRI
  NAV
   3 Months 6 Months 1 Year 3 Years 5 Years
Period    Return %Growth of R1 000
chart
* Not annualised
Key Facts and Fund Objective
Key Facts
Formation Date 30 Jun 2003
Fund Size (ZAR) 699 787 280
Latest Price 175.53
PlexCrowns
Total Expense Ratio (31/03) 1.40%
Minimum InvestmentR10 000
TTM Distribution Yield 2.95%
Fund Objective
The Ninety One Absolute Balanced Fund targets inflation-beating returns measured over three year periods, while actively managing downside risk. The fund invests in a mix of South African equity and fixed income assets. In respect of the equity portion of the fund, the focus is on the analysis of individual stocks and identifying shares that are attractively priced given their inherent value. The fund may invest in fixed income assets such as cash, bonds, inflation linked bonds and listed property. Significant portions of the portfolio are protected from negative returns using financial instruments such as equity and bond index futures....Read more
Asset Classes and Holdings
 SA Equities3.01%  
 Foreign Equities0.00%  
 SA Bonds12.07%  
 Foreign Bonds0.00%  
 SA Property0.46%  
 Foreign Property0.00%  
 SA Cash84.46%  
 Foreign Cash0.00%  
Top Holdings as at 31 Mar 2020
SecurityUnitsValue (Rm)% of Fund
NASPERS-N 47 989 122.5516.74%
U-INVMM 115 426 681 115.4315.76%
FUTURES M 0 83.6511.42%
BHP 210 674 56.977.78%
RICHEMONT 548 823 53.127.25%
BATS 51 926 31.094.25%
ANGLO 79 185 24.093.29%
FIRSTRAND 556 858 22.423.06%
MONDIPLC 73 074 22.173.03%
STANBANK 205 037 21.012.87%
Totals  552.4975.45%
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