Funds A-Z

Ninety One Opportunity Fund (E)

Ninety One Opportunity Fund (E)
South African--Multi Asset--High Equity
Fund Code: OPPE
Inception Date: 30 September 2011
Regulation 28 Compliant: Yes

Pricing and Rank Information
Latest price 08 July 2020 R 12.53
12 month sector rank10 / 202
12 month overall rank235 / 1315
12 month volatility9.47
Performance as at 08 July 2020 1
InvestedPriceIncomeTotal
3 months 6.56% 0.00% 6.56%
6 months 5.49% 1.07% 6.56%
1 year 6.85% 2.51% 9.36%
3 years 15.91% 8.90% 24.81%
5 years 29.03% 16.13% 45.16%
Fund fee and expense information
Fees
Management company annual fee2 1.15%
Negotiated management company rebate 0.00%
Expenses
Fund TER as at 31 March 2020 1.33%
Less management company rebate 0.00%
Total Fund Expense 1.33%
Assets under management
Latest total assetsR 50,595.42m
Assets as at 31 March 2020 R 45,079.94m
Previous quarterR 44,637.61m
MoveR 442.34m
Income declaration and payment
Declaration30 September 2014
PaymentR 0.0852

Fees include VAT

  1. Price performances are based on historical price data, using a NAV price by NAV price comparison and exclude management company initial fees. Income performances are based on interest and dividend distributions of the fund.
  2. Management company annual fees are included into price and distributions paid.


Price History

Asset Allocation as at 31 March 2020
Domestic Bonds R 9872.51m (21.9%)  
Foreign Bonds R 0.00m (0%)
Domestic Cash R 3241.25m (7.19%)  
Foreign Cash R 2082.69m (4.62%)
Domestic Equity R 13285.06m (29.47%)  
Foreign Equity R 15615.69m (34.64%)
Domestic Property R 0.00m (0%)  
Foreign Property R 982.74m (2.18%)

Top Holdings Top Holdings Top Holdings
As at end March 2020 As at end December 2019 As at end September 2019
HOLDING % OF FUND HOLDING % OF FUND HOLDING % OF FUND
Investec GSF Global Quality Equity Income Fund 31.25% Investec GSF Global Quality Equity Income Fund 28.53% Investec GSF Global Quality Equity Income Fund 28.83%
Investec GSF Global Opportunity Equity Fund 7.92% Bond Exchange of South Africa 7.95% Investec GSF Global Opportunity Equity Fund 8.87%
Bond Exchange of South Africa 6.83% Investec GSF Global Opportunity Equity Fund 7.59% Bond Exchange of South Africa 7.86%
NewGold 5.30% Bond Exchange of South Africa 5.77% Bond Exchange of South Africa 5.76%
Bond Exchange of South Africa 4.83% Ninety One Money Market Fund 5.17% Ninety One Money Market Fund 4.67%
Ninety One Money Market Fund 4.56% British American Tobacco plc 4.19% NewGold 4.25%
British American Tobacco plc 4.16% NewGold 3.99% British American Tobacco plc 3.98%
Assore Ltd. 3.71% Assore Ltd. 3.42% Bond Exchange of South Africa 3.37%
Bond Exchange of South Africa 2.89% Bond Exchange of South Africa 3.41% Assore Ltd. 3.24%
Naspers Ltd. 2.71% Compagnie Financière Richemont SA 3.05% Compagnie Financière Richemont SA 3.14%
Total 74.16% Total 73.07% Total 73.97%

Fund Manager(s)

Gail Daniel

Clyde Rossouw

Fund Overview
Objective
The Ninety One Opportunity Fund aims to produce dependable inflation-beating returns, while minimising downside risk. The objective is to achieve returns well in excess of inflation measured over three to five year periods. The fund invests in a mix of South African equities, bonds and money market instruments, as well as international equity and fixed interest investments. Equity exposure is currently limited to 75% and the international exposure to 25%. The allocation of assets is actively managed with a bias towards equities that are attractively priced given their inherent value. Fund features ·Strong focus on capital preservation and absolute returns through active asset allocation and stock selection decisions. ·Emphasis on companies with consistent real dividend and earnings growth. ·Lower volatility than traditional balanced funds.
Benchmark
Inflation plus 6% (net of fees) over a 3 to 5-year rolling period