Namibia Unit Trust

Ninety One Namibia Managed Fund

Latest NAV Price

6.6780
14 July 2020

NAV daily change %

-0.30

Dealing currency

NAD

Fund size

NAD 3.33 B
30 June 2020

Latest NAV Price

6.6780
14 July 2020

NAV daily change %

-0.30

Dealing currency

NAD

Fund size

NAD 3.33 B
30 June 2020

Objective

Investment objective summary

  • The Ninety One Managed Fund Namibia aims to provide investors with stable growth of capital over the long term. The objective is to achieve returns well in excess of the fund’s peer group average, measured over three to five year periods.
      • The fund invests in Namibian and South African equity, bonds and money market instruments, as well as international equity and fixed interest investments.

      Fund features

      • Consistent top quartile returns
      • A balanced fund for investors who don’t want to actively manage their own asset allocation
      • Flexible investment style and stock selection process
      • Complies with the requirements of Regulation 13 of the Pension Funds Act with the exception of holding unlisted securities
      Chris Freund
      Portfolio Manager
      Chris is the co-head of SA Equity & Multi Asset within the 4Factor team at Ninety...
      Lazarus Shigwedha
      Portfolio Manager
      Lazarus is a portfolio manager responsible for the Namibia Balanced Strategy within our SA Equity &...

      Performance & returns

      14/07/2020
      The value of investments, and any income generated from them, can fall as well as rise. Past performance is not a reliable indicator of future results. If the currency shown differs from your home currency, returns may increase or decrease as a result of currency fluctuations. Investment objectives and performance targets may not necessarily be achieved, losses may be made. We recommend that you seek independent financial advice to ensure this Fund is suitable for your investment needs. Where a shareclass has been in existence for less than 12 months, performance is not disclosed. No representation is being made that any investment will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided.

      Key facts & Downloads

      • Domicile

        Namibia
      • Risk profile

        4
      • ISIN

        ZAE000020244
      • Fund inception date

        01/05/1997
      • Unit inception date

        02/05/1997
      • Benchmark

        Peer group average
      • Valuation & transaction cut-off

        16.00 SA Time (forward pricing)
      • Minimum investment

        NAD10,000

      Charges

      Initial fund fee %

      0.00

      Annual management fee %

      1.00

      Maximum annual management fee %

      1.00

      Total expense ratio (TER) %

      1.43

      Transaction cost %

      0.21

      Total investment charge %

      1.64

      Specific fund risks

      Specific risks

      Please contact Ninety One for further information.

      Distributions and Yields

      Most recent distribution payments
      Distribution amount
      NAD0.0737
      Declaration Date
      31 March 2020
      Ex-distribution date
      01 April 2020
      Payable date
      02 April 2020

      All information provided is product related, and is not intended to address the circumstances of any clients. We should not provide advice to investors without appropriate risk analysis and after a thorough examination of a particular client’s financial situation. Unit trusts are generally medium to long term investments. The value of participatory interests (units) may go down as well as up. Fluctuations or movements in exchange rates may cause the value of underlying international investments to go up or down. Funds are traded at ruling prices and can engage in borrowing, up to 10% of fund net asset value to bridge insufficient liquidity. Forward pricing is used.
      Quantifiable deductions are the initial fee whilst non-quantifiable deductions included in the net asset value price may comprise brokerage, MST, auditor's fees, bank charges, trustee and custodian fees. A schedule of fees and charges and maximum commissions is available on request from the manager. Unit trust prices are calculated on a net asset value basis, which is the total value of all assets in the portfolio including any income accrual and less any permissible deductions from the portfolio.
       
      Different classes of units apply to the fund and may be subject to different fees and charges. Fund valuations take place at approximately 16h00 SA time each day. Purchase and repurchase requests must be received by the manager by 15h00 SA time each business day. Performance figures are based on lump sum investment (if applicable). This portfolio may be closed in order to be managed in accordance with the mandate (if applicable). The TER shows the percentage of the average net asset value of the portfolio that was incurred as charges, levies and fees relating to the management of the portfolio. A higher TER ratio does not necessarily imply poor return, nor does a low TER imply a good return. The current TER cannot be regarded as an indication of the future TERs. The risk profile is a measure of volatility, i.e. how the absolute return of the fund varies. Note that there are other risks in the fund, which are not reflected in this rating.

      Investec Fund Managers SA (RF) (Pty) Ltd, PO Box 3018, Windhoek, Tel. +264 (0) 61 389 500, the unit trust manager, is a member of the Association of Unit Trusts Namibia and is regulated by the Namibia Financial Institutions Supervisory Authority. The trustee is Standard Bank Namibia Ltd.

      Performance data source: © Morningstar.
      NA unit trust: NAV-NAV, Gross Income Reinvested, in NAD.

      Morningstar Analyst rating™: Copyright © 2020. Morningstar. All Rights Reserved. The information, data and opinions expressed and contained herein are proprietary to Morningstar and/or its content providers and are not intended to represent investment advice or recommendation to buy or sell any security; are not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this Rating, Rating Report or Information contained therein.

      The overall rating for a fund, often called the ‘star rating’, is a third party rating derived from a quantitative methodology that rates funds based on an enhanced Morningstar™ Risk-Adjusted Return measure. ‘Star ratings’ run from 1 star (lowest) to 5 stars (highest) and are reviewed at the end of every calendar month. The various funds are ranked by their Morningstar™ Risk-Adjusted Return scores and relevant stars are assigned. It is important to note that individual shareclasses of each fund are evaluated separately and their ratings may differ depending on the launch date, fees and expenses relevant to the shareclass. In order to achieve a rating the share class of a fund must have a minimum three-year performance track record.

      For a full description of the ratings, please see our ratings guide. A rating is not a recommendation to buy, sell or hold a fund.

      The portfolio may change significantly over a short period of time. This is not a buy or sell recommendation for any particular security. Figures may not always sum to 100 due to rounding.
      For an explanation of statistical terms, please see our glossary.