Old Mutual Islamic Balanced Life Fund Report - 24 March

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1. - Old Mutual Islamic Balanced Life Fund 24 March 2018 General Information Fund Description Status : Open Fund Category: Life Fund, Multi- manager Funds Management company: Old Mutual Life Fund Asset Manager(s): - Saliegh Salaam - Grant Watson - Warren Mcleod The fund aims to offer investors an ethical investment that provides steady, longterm capital growth, as well as a moderate level of income via a portfolio that diversifies across asset classes and regional exposure. The Shari'ah Supervisory Board oversees adherence to the applicable Shari'ah principles. This fund specifically adheres to the standards of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) as interpreted by the Shari'ah Supervisory Board. Sector: Insurance- - Equity- - Multi- Manager Benchmark: South African - Mutli Asset - Medium Equity Launch Date: 01 December 2005 Fund Value: Z A R 2 7 7 , 0 0 0 , 0 0 0 . 0 0 as at 31 Dec 2017 Risk Rating: Low Risk Performance Target N/A High Risk Prices Latest Buy Price: ZAR 301.67 20 Mar 2018 Latest Sell Price: ZAR 299.57 20 Mar 2018 Highest Sell Price: ZAR 308.66 08 Nov 2017 This fund is suited to investors wanting moderate to high long- term growth from their Shari'ah compliant investment, with less volatility in the short term than pure equity. It is suitable as a stand- alone retirement investment. Incidental income deemed to be non- permissible is paid to the charitable trust elected by the Shari'ah Supervisory Board in line with the principles of Shari'ah and the supplemental deed of the fund. Non- permissible income does not form part of the investor's income. The fund is a Shari'ah compliant asset allocation fund that offers investors access to local and international asset classes including equity, liquid assets and non- equity securities, such as sukuks (Islamic bonds) and equity conduits. It may also invest in the portfolios of other unit trusts, both locally and those registered in countries with acceptable regulatory environments. This fund may invest up to 25% of its portfolio offshore. Asset Split as at 30 June 2017 Holding Name Price Performance Percentage Foreign Cash Daily Performance Figures as at 20 March 2018 Fund: 1 Year 3 Years 5 Years 5.19% 5.06% 7.97% 3.00% Foreign Equities 22.00% Local Cash 37.00% Local Equities 38.00% Top Holdings as at 31 December 2017 Holding Name Sector Asset Management Fees Percentage A -V -I Food Producers 3.90% Buy / Sell Spread Fee: 0.00% RICHEMONT Personal Goods 3.50% Annual Fee: 1.25% VODACOM Mobile Telecommunications 3.20% Performance Fee: 0.00% CLICKS Food & Drug Retailers 2.90% ASTRAL Food Producers 2.10% MONDIPLC Forestry & Paper 2.00% MONDILTD Forestry & Paper 2.00% KUMBA Industrial Metals 1.90% DATATEC Software & Computer Services 1.90% CASHBIL General Retailers 1.90% Month-End Performance Figures as at 28 February 2018 Fund: Benchmark: 1 Year 3 Years 5 Years 4.77% N/A 4.90% N/A 8.33% N/A Notes: 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. Prices are those of the tax-exempt fund class. Daily fund performance results are calculated on the sell-to-sell fund performance of the tax-exempt fund class, net of asset management fees and including reinvested income. Figures are calculated on a lump sum investment basis in the currency of the fund and are annualised. Month-end fund performance results are calculated on the sell-to-sell performance of the tax-exempt fund class, net of asset management fees and including reinvested income. Figures are calculated on a lump sum investment basis in the currency of the fund and are annualised. Benchmark performance results include reinvested income and are gross of any deductions. Fees are those of the tax-exempt class and include VAT. Fees are those levied when investing in the fund through an Old Mutual product and are separate from product administration charges. Please note that the holding in "Cash" for this fund is a synthetic cash holding, as the fund does not hold any actual cash, interest bearing assets. Disclaimer 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
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