Equity Fund

Fund Fact Sheet

Fund Overview
The fund is a general equity fund that aims to provide the investor with an exposure to a widely diversified range of listed shares. The fund is suitable
for the investor seeking a high level of capital growth coupled with a consistent level of dividend income. The fund has a high level of volatility over the
short term and the ideal investment horizon is therefore 5 years and longer. Retirement funds are not precluded from investing in this fund. The fund
distributes half yearly.
Fund Detail

Sector Allocation

Date:

30-Nov-14

Fund Size:

638,237,372.00

Fund Type:

5.68%

General Equity Fund

ISIN Code:

3.23%

1.20%

0.76%

ZAE 000148888

Trustee / Nominees:

5.90%

Standard Bank Namibia

Benchmark:

FTSE/JSE Top 40 Shareholder Weighted Index

Initial fee

0.00%

Annual Management Fee

1.50%

23.55%

10.60%

Income is declared on a semi annual basis and is reinvested

automatically. No fees charged on reinvestment of income.
Minimum opening balance

11.81%

10 000

Minimum additional investment

22.69%

1 000

Historic Performance

14.58%

22.00%

18.00%
14.00%

Financials
Materials
Telecommunication Services
Cash
Information Technology

10.00%

6.00%
2.00%

Consumer Discretionary
Consumer Staples
Health Care
Energy
Industrials

-2.00%
3 Months 6 Months
Equity Fund

1 Year

2 Year

3 Years

JSE Top 40 SWIX Total Return

5 Years

All Share Index

Since
Inception

Top Ten Holdings

Rank

Holding

Percentage

Gross of fees, income reinvested. Longer than 1 year figures are annualized.

Historic Volatility Analysis

Worst

Average

Best

79.17%
14.76%
1.61%

19.92%

44.25%
18.80%

36.42%
18.15%
5.36%

-0.51%

-14.27%

1 Month

-39.70%

1 Year

3 Year

5 Year

NASPERS LTD-N SHS

11.69%

MTN GROUP LTD

8.03%

SASOL LTD

6.26%

BHP BILLITON PLC

6.25%

FIRSTRAND LTD

5.14%

FINANCIERE RICHEMONT-DEP REC

4.53%

ANGLO AMERICAN PLC

3.95%

BRITISH AMERICAN TOBACCO PLC

3.78%

STANDARD BANK GROUP LTD

3.26%

10

SANLAM

3.02%

Data derived from actual benchmark performance from Jan 1999 to date.

Fund Comment
Investment Team

Relf Lumley

Floris
Bergh

November turned out to be a somewhat calmer month on the JSE, helped in large by the recovery mode
of global markets following the weakness of the previous month. In the end the JSE All Share was up by
0.5% for the month, whilst the Top 40 swix was down -0.5%. The year-to-date return of the latter is a
respectable 14%, while the fund returned 16.6%. Widely divergent trends in sector performances were
still evident. The best performing sectors were food producers (+14%), food retail (+9%), fixed line
telecoms (+17%), gold mining (+11%) and personal goods (+11%). The worst performers were tech (13%), mobile telecoms (-9%), construction (-13%), industrial metals (-9%) and oil (-16%). The latter is
the direct impact that the falling oil price has had on Sasol.

Contact Information
Enquiries:
Fax:
Physical Address:

+ 264 61 299 1950

+ 264 61 299 1959
119 Independence Avenue
4th Floor Capricorn House Windhoek