Sanlam Namibia Balanced Fund
MANAGEMENT Fund Manager's Comment
Andr Roux, B.Comm Hons (Econ), MSc (Maths), MPhil (Econ)
Andr is the co-head of Emerging Market Fixed Income at Investec Asset Management. He is responsible for South Africa fixed income. Prior to joining the firm in 1999, Andr was the deputy director general of the Department of Finance, where he took responsibility for macroeconomic, fiscal and tax policy and intergovernmental fiscal relations. Prior to that, Andr spent two years at the Development Bank of Southern Africa. This followed a distinguished academic career during which he published on fiscal and development issues. Andr holds a Master of Philosophy (Economics) degree from Cambridge University, a Master of Science (Mathematics) degree from Oxford University and a Bachelor s degree from the University of Cape Town.
Basson van Rooyen, CFA, CA(SA), CA (NAM)
FUND OBJECTIVES AND FOCUS

Fund Objective The fund invests in a wide spectrum of investments in the equity, bond, money and property markets in order to maximise total returns over the long term. The fund is suited for pension funds, smaller companies and employers wishing to make pension provision for employees, as well as individuals requiring capital growth via a balanced portfolio. This is a moderate risk balanced fund that complies with Regulation 28 of the Pension Funds Act. This means that the fund may not have more that a 75% exposure to equities at any one time. Why Choose This Fund? - The fund manager alters exposure to the various asset classes in line with the investment view. - By investing in a single fund which diversifies across all the major asset classes, investors "outsource" the difficult decision of how much and when to invest in bonds, equities, property and how much cash to have at any given point, to the fund manager. - The fund is less volatile than a general equity fund. - The asset allocation is appropriate for an investor with a moderate risk profile. - The fund aims to provide reliable, consistent above average returns in the medium to long term. - Average returns is defined as the average of the peer group. Additional Fund Information - The fund manager may borrow up to 10% of the market value of the portfolio to bridge insufficient liquidity. - Fluctuations or movements in exchange rates may cause the value of underlying international investments to go up or down.


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WEBGRAPH
RANKING
SectorRegional-Namibian-Unclassified
SizeR632,367,627
Sector Rank: 35 out of 43
(lump sum over 3 years to 31 July 2017)
Overall Rank: 584 out of 818
(lump sum over 3 years to 31 July 2017)
R1000 invested on 31 July 2014 was worth R 1141 at 31 July 2017
( 4.49% annual compound return)
R100 per month since 31 July 2014 was worth R 3792 at 31 July 2017
( 3.36% annual return compounded monthly)
TECHNICAL OVERVIEW
Formation Date:01 JUL 2000 Holdings:30
Original Price:100 Pricing:Forward
Top Holdings on 31 July 2017
Share (Sector)No.Value% of Fund
SASOL (Chemicals)25,94311,108,274 1.76 %
BATS (Tobacco)16,58913,760,576 2.18 %
NASPERS-N (Media)16,44456,748,244 8.97 %
STANBANK (Banks)59,51711,645,096 1.84 %
FOREIGNBO (Foreign Invest)044,119,831 6.98 %
LOCALUNITTEQT (General Equity)02,605,049 0.41 %
GC24 (Namibian Gilt)12,410,00013,048,419 2.06 %
NAM03 (Bond)1,656,0001,764,843 0.28 %
ASPEN (Pharmaceuticals - Biotechnology)12,6043,497,610 0.55 %
NAMBREW (Beverages)353,37913,788,849 2.18 %
NAMIBIA C (Cash on call)039,090,703 6.18 %
O-SNUNIEQ (Offshore Intern)3,315,61689,930,599 14.22 %
ZPLP (Preference Shares)13,695873,741 0.14 %
N-SNMPROP (Property)2,050,40435,955,277 5.69 %
U-SAINSPO (Other)74,9233,541,634 0.56 %
DATATEC (Software - Computer Services)2,510143,396 0.02 %
MTN GROUP (Mobile Telecommunications)91,63012,516,658 1.98 %
TOTAL R354,138,79956%

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