Funds A-Z

Old Mutual Albaraka Balanced Fund (B1)

Old Mutual Albaraka Balanced Fund (B1)
South African--Multi Asset--Medium Equity
Fund Code: OMAB1
Inception Date:
Regulation 28 Compliant: Yes

Pricing and Rank Information
Latest price R
12 month sector rank77 / 90
12 month overall rank978 / 1265
12 month volatility6.58
Performance as at 1
InvestedPriceIncomeTotal
3 months n/a n/a n/a
6 months n/a n/a n/a
1 year n/a n/a n/a
3 years n/a n/a n/a
5 years n/a n/a n/a
Fund fee and expense information
Fees
Management company annual fee2 1.15%
Negotiated management company rebate n/a
Expenses
Fund TER as at 19 November 2019 %
Less management company rebate n/a
Total Fund Expense n/a
Assets under management
Latest total assetsR 2,828.00m
Assets as at 30 September 2019 R 2,736.91m
Previous quarterR 2,738.42m
MoveR -1.51m
Income declaration and payment
Declaration30 June 2014
PaymentR 0.0358

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 30 September 2019
Domestic Bonds R 0.00m (0%)  
Foreign Bonds R 63.09m (2.31%)
Domestic Cash R 1027.68m (37.55%)  
Foreign Cash R 3.68m (0.13%)
Domestic Equity R 1012.93m (37.01%)  
Foreign Equity R 629.52m (23%)
Domestic Property R 0.00m (0%)  
Foreign Property R 0.00m (0%)

Top Holdings Top Holdings Top Holdings
As at end September 2019 As at end June 2019 As at end March 2019
HOLDING % OF FUND HOLDING % OF FUND HOLDING % OF FUND
Old Mutual Global Islamic Equity Fund 21.14% Old Mutual Global Islamic Equity Fund 19.42% Old Mutual Global Islamic Equity Fund 21.50%
Cash on call 3.81% Cash on call 5.81% Cash on call 3.42%
Money Market Instrument 3.73% Money Market Instrument 2.99% Money Market - 7 months duration 3.09%
Money Market - 17 months duration 3.00% Money Market - 4 months duration 2.96% Money Market - 8 months duration 2.86%
Money Market - 1 month duration 2.96% Money Market - 5 months duration 2.94% Money Market - 23 months duration 2.48%
Money Market - 2 months duration 2.94% Money Market - 20 months duration 2.37% Money Market Instrument 2.37%
Foreign - Bonds 2.31% Money Market - 15 months duration 2.19% Money Market - 17 months duration 2.29%
Harmony Gold Mining Company Ltd. 2.24% Money Market - 9 months duration 2.19% Money Market - 18 months duration 2.29%
Money Market - 11 months duration 2.19% Money Market - 14 months duration 2.19% Money Market - 12 months duration 2.29%
Money Market - 6 months duration 2.19% Foreign - Bonds 2.14% Foreign - Bonds 2.28%
Total 46.51% Total 45.20% Total 44.87%

Fund Manager(s)

Saliegh Salaam

Fund Overview
Objective
The Old Mutual Albaraka Balanced 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. The fund may also invest in the portfolios of other unit trusts, both locally and those registered in countries with acceptable regulatory environments. The fund is regulation 28 compliant and is suitable for retirement fund investors.
Benchmark
45% Customised SA Shari'ah Equity Index, 10% S&P Developed Markets Large and Mid-Cap Shari'ah Index, 40% STeFI Composite - 0.5% & 5% Three-month US Dollar LIBOR