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Ninety One Cautious Managed Fund  |  South African-Multi Asset-Low Equity
Reg Compliant
2.4134    +0.0017    (+0.070%)
NAV price (ZAR) Wed 2 Jul 2025 (change prev day)


 
Technical Details  
 

Formation Date (A)

31 Mar 2006

Fund Size (ZAR)

21 977 488 893

Domicile

South Africa

Reporting Currency

ZAR

JSE Code (A)

CMFA

ISIN (A)

ZAE000078929

Pricing

Daily

Number of unitholders

697

ASISA Category

SA-Multi Asset-Low Equity

Benchmark

CPI

Income Distributions

31/03,30/06,30/09,31/12

Income Payment

05/04,05/07,05/10,05/01

Trustee

FirstRand Bank Ltd.

Management Company

Ninety One Fund Managers SA (RF) (Pty) Ltd.

Fund Management

Clyde Rossouw, Duane Cable, Sumesh Chetty

Minimum Investment

R10 000

Minimum Top-Up

-

Minimum Monthly

R500

Risk Rating

Low-Medium

 
Fund Objective  
 
The objective of the Ninety One Cautious Managed Fund is to provide investors with returns in excess of inflation comprising both capital and income over the medium term. It will achieve this by investing across a well-diversified mix of asset classes, including equities, bonds, cash and listed property in a manner similar to that usually employed by retirement funds. The portfolio will attempt to achieve a moderate to low risk profile by actively managing the exposure to various asset classes and typically would have an actual equity exposure below 40%. The manager will be permitted to invest on behalf of the Ninety One Cautious Managed Fund in offshore investments as legislation permits....Read more
 
Management  
 
Duane Cable (BCom (Hons), CA (SA), CFA)
Duane is a portfolio manager in Ninety One’s Quality team and heads the South African Quality business. He is a co-portfolio manager of the Cautious Managed Strategy. As the head of South African Quality research, he leads the research agenda for the South African-focused Quality analysts, and is also responsible for analysing South African stocks. As part of the broader global Quality team, he researches global stocks. Prior to joining the firm he was Head of SA Equities at Coronation Fund Managers. He also managed absolute return strategies, including co-portfolio management of the Coronation Balanced Defensive Fund. Before that he was a manager in the Transaction Advisory Services division of Ernst & Young in New York, involved primarily in financial due diligence advisory services re mergers and acquisitions. Duane has a Bachelor of Commerce Honours (Accounting) from the University of Natal. He is a Chartered Account and member of the South African Institute of Chartered Accountants and is a CFA charterholder.

Sumesh Chetty (BSc (Hons), FIA)
Sumesh is a portfolio manager at Ninety One within our Quality team. He has responsibility for our absolute return strategies and is co-portfolio manager of the Cautious Managed Strategy and the Absolute Balanced Strategy. He joined the firm in 2007 from Metropolitan Asset Managers where he managed the Metropolitan Absolute Return Fund from 2005. Before joining Metropolitan, Sumesh spent three years as an investment actuary at Metropolitan Employee Benefits, where he was responsible for managing smooth bonus funds. Sumesh began his career at Swiss Re Life & Health, where he spent over three years as an actuarial specialist. Sumesh graduated from the University of Cape Town with a Bachelor of Business Science (Hons) degree in Actuarial Science and a postgraduate diploma in Actuarial Science. He is a Fellow of the Institute of Actuaries in the United Kingdom and a Fellow of the Actuarial Society of South Africa.

Clyde Rossouw (BSc, CFA)
Clyde is Co-Head of Quality at Ninety One. He is a portfolio manager with a focus on multi-asset absolute return and low volatility real return equity investing. His portfolio manager duties include our flagship Opportunity Strategy that he has run since 2003 and our equity oriented Global Franchise and Global Quality Equity Income strategies. Clyde joined the firm in 1999, initially as an asset allocation and sector allocation strategist. Prior to joining the firm, Clyde was awarded a study bursary by Sanlam where he worked for eight years, including five years in asset management. His experience in investments there included fixed income analysis and portfolio management. Clyde graduated from the University of Cape Town with a Bachelor of Science degree in Statistics and Actuarial Science. He was awarded the Certificates in Actuarial Techniques in 1995, and Finance and Investments in 1997 by the Institute of Actuaries in London. Clyde is a CFA Charterholder.
 
Fees and Costs - Class A
 
Initial Fee0.00%
Advisor Initial Feen/a
Annual Management Fee1.61%
Performance Fee-
Advisor Annual Feen/a
Trailer Fee-
Exit Fee-
TER (31/03)1.64%
TER Performance Fee0.00%
Transaction Costs Ratio0.01%
Total TER1.65%
 
Distribution - Class A
DeclaredPayAmountClassCurrency
30 Jun 20252 Jul 20252.330AZARc
31 Mar 20252 Apr 20252.390AZARc
31 Dec 20243 Jan 20252.530AZARc
30 Sep 20242 Oct 20242.680AZARc
30 Jun 20242 Jul 20242.400AZARc
31 Mar 20243 Apr 20242.350AZARc
31 Dec 20233 Jan 20242.070AZARc
30 Sep 20233 Oct 20232.400AZARc
30 Jun 20234 Jul 20231.800AZARc
31 Mar 20234 Apr 20232.480AZARc
 
Statutory Data
 
Management CompanyNinety One Fund Managers SA (RF) (Pty) Ltd.
Registration Number1987/004390/07
DirectorsNoluthando Gosa, John C Green, Thabo Khojane
TrusteeFirstRand Bank Ltd.
AuditorsKPMG South Africa
Sponsors-
AdvisorsNinety One SA (Pty) Ltd.
Physical Address36 Hans Strijdom Avenue Foreshore Cape Town 8001
Postal AddressPO Box 1655 Cape Town 8000
Telephone0860-500-900
Tollfree-
Fax021-901-1000
Emailclientservice@ninetyone.com
Websitehttp://https://ninetyone.com/en/south-africa