Objective

Investment objective summary

  • The Fund aims primarily for steady and stable total returns (the combination of income and capital growth). A secondary aim is to provide a reasonable level of current income
      • The Fund invests in a balanced manner across a range of asset classes including shares, property investments and property funds, gilts (fixed income securities issued by governments) and interest bearing securities (financial contracts evidencing ownership or debt) and cash
      • Other investments may include the units of other funds (including foreign funds) and derivatives (financial contracts whose value is linked to the price of an underlying asset)

      Fund features

      • A balanced fund for investors who don't want to actively manage their own asset allocation
      • Flexible investment style and stock selection process
      • Managed in accordance with Regulation 28 of the Pension Funds Act 24 of 1956
      Gail Daniel
      Portfolio Manager
      Gail is a portfolio manager at Ninety One with responsibility for the Managed Strategy. She joined...

      Performance & returns

      Portfolio & Holdings

      Date as of 30/04/2026
      Sum Of Local Assets
      53.9
      Equities
      24.5
      Cash / Money Market
      13.3
      Bonds
      8.8
      Commodities
      3.7
      FX
      3.6
      Sum Of Foreign Assets
      46.1
      Equities
      29.8
      Cash / Money Market
      14.4
      Bonds
      4.6
      Commodities
      0.9
      FX
      -3.6

      Distributions & yields

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