0.09 /
0.08%
1.1751
NAV (ZAR) on 2024/09/13
| NAV (ZAR) on 2024/09/12 |
1.1742 |
| 52 week high on 2024/08/22 |
1.1888 |
| 52 week low on 2023/10/31 |
1.0231 |
| Total Expense Ratio on 2024/03/31 |
0.26 |
| Total Expense Ratio (performance fee) on |
0 |
Here is a list of JSE shares held in this Unit Trust. These tables reflect changes in holdings over two quarters, but do not show where a fund has completely sold a holding during the latest quarter.
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To achieve the above objective, the FNB Core Balanced Fund will invest in a wide variety of asset classes such as equity securities, listed and unlisted non-equity securities, offshore securities, listed and unlisted financial instruments for purposes of efficient portfolio management and in accordance with the manner, limits and conditions determined by the Authority from time to time, under the Act. The portfolio can have a maximum effective equity exposure (including international equity) of up to 75% and a maximum effective property exposure (including international property) of up to 25%, of the market value of the portfolio.
The FNB Core Balanced Fund may also invest in participatory interests in portfolios of collective investment schemes registered in South Africa or participatory interests in collective investment schemes or other similar schemes operated in territories outside South Africa with a regulatory environment which is to the satisfaction of the Manager and the Trustee of a sufficient standard to provide investor protection which is at least equivalent to that in South Africa. These underlying collective investment scheme portfolios will have an investment policy that supports the investment objective and investment policy of the FNB Core Balanced Fund.
The Manager shall have the right to enter into repurchase agreements on behalf of the FNB Core Balanced Fund in accordance with the manner, limits and conditions determined by the Authority from time to time, under the Act.
This portfolio will be managed in compliance with prudential investment guidelines for retirement funds in South Africa to the extent allowed by the Act.
The Trustee shall ensure that the investment policy set out in the preceding clauses is carried out.
Nothing contained in this clause shall preclude the Manager from varying the proportions of securities in terms of changing economic factors or market conditions or from retaining cash in the portfolio and/or placing cash on deposit.
For the purposes of the FNB Core Balanced Fund, the Manager shall reserve the right to close the FNB Core Balanced Fund to new investors. This will be done in order to be able to manage the FNB Core Balanced Fund in accordance with its mandate. This critical size shall be determined from time to time by the Manager.
