Ashburton Defensive B1

The objective of the Fund is to generate positive returns over the medium term, irrespective of market conditions, by way of blending fixed income-type instruments, property investments and equity instruments. The portfolio will have an absolute return performance objective over the medium term, but will still be relatively conservatively managed by diversifying across a wide range of asset classes. In order for the portfolio to meet its investment objectives, it will apart from assets in liquid form, follow an active asset allocation strategy across money market instruments, bond, income, preference share, property and equity instruments. The portfolio will also be allowed to invest in listed and unlisted financial instruments as allowed by the Act. The manager will furthermore have the ability to reduce the potential volatility of the equity instruments by employing equity hedging strategies through derivatives.

Key stats

Management firm  Ashburton Management Company
Domicile  South Africa
Global Branding Name  Ashburton
12 month yield  2.58%
Fund currency  ZAR
Net Assets Date  2014-07-31
Net Assets  R763,705,402
Launch Date  2007-11-01
ISIN  ZAE000107066
Manager 1 Name  Emil Jansen van Rensburg
Manager 2 Name  Johann Kloppers
Fund Strategy  ZAR/NAD Flexible Allocation
Benchmark  SA CPI (Headline)
Fund Structure  Unit Trust
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-07-31
Return - 1 Month  0.98%
Return - 2 Months  2.17 %
Return - 3 Months  2.73%
Return - 6 Months  8.07 %
Return - 9 months  4.54 %
Return - 12 Months  9.79%
Annualized return 24 months  8.37 %
Annualized return 36 months  9.76 %
Annualized return 48 months  8.73 %
Annualized return 60 months  9.40 %
Return 120 months  0.00 %
Annualized return since Inception  8.29%
Return YTD  5.06%

Ratings

Morning Star Rating Date   2014-07-31
Morning Star Rating - 36 Months  fund has a 2 star rating fund has a 2 star rating
Morning Star Rating - 60 Months  fund has a 2 star rating fund has a 2 star rating
Morning Star Rating - Overall  fund has a 2 star rating fund has a 2 star rating

Charges

Initial  0.00 %
Minimum Investment  R5,000
Maximum Managment Charge  2.34 %
Exit charge  0.00 %
Performance Fee  0.00 %

Contact

Contact Address  2nd Floor, 2 Merchant Place
Contact Address 2  1 Fredman Drive
Contact Address 3  Sandton
Contact city  Johannesburg
Contact country  South Africa
Fund Admin Group  Ashburton Management Company
Web Address  http://www.ashburtoninvestments.com/za/
Email contact  ashburtonquery@investoradmin.co.za
Phone  +27 (0)11 282 8800

Price

Last Price Date  2014-08-21
Pre-tax nav  1.57
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  R0.00
Price change (percentage)  0.06 %
Guaranteed NAV  0.00000
Close Price  0.00

Funds Disclaimer

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Ratings Disclaimer

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