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Ninety One Absolute Balanced Fund  |  South African-Multi Asset-Income
Reg Compliant
1.9284    -0.0123    (-0.634%)
NAV price (ZAR) Wed 2 Jul 2025 (change prev day)


 
Technical Details  
 

Formation Date (A)

30 Jun 2003

Fund Size (ZAR)

606 108 739

Domicile

South Africa

Reporting Currency

ZAR

JSE Code (A)

INAB

ISIN (A)

ZAE000048179

Pricing

Daily

Number of unitholders

488

ASISA Category

SA-Multi Asset-Income

Benchmark

SteFI Composite

Income Distributions

31/03,30/09

Income Payment

15/04,15/10

Trustee

FirstRand Bank Ltd.

Management Company

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

Fund Management

Clyde Rossouw, Darren Jocum, Sumesh Chetty

Minimum Investment

R10 000

Minimum Top-Up

-

Minimum Monthly

R500

Risk Rating

Low-Medium

 
Fund Objective  
 
The Ninety One Absolute Balanced Fund targets inflation-beating returns measured over three year periods, while actively managing downside risk. The fund invests in a mix of South African equity and fixed income assets. In respect of the equity portion of the fund, the focus is on the analysis of individual stocks and identifying shares that are attractively priced given their inherent value. The fund may invest in fixed income assets such as cash, bonds, inflation linked bonds and listed property. Significant portions of the portfolio are protected from negative returns using financial instruments such as equity and bond index futures....Read more
 
Management  
 
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.

Darren Jocum
Darren is a portfolio manager within the Quality team at Investec Asset Management, where he is a co-portfolio manager of the Investec Absolute Balanced Fund. His responsibilities include the fundamental research of South African-listed shares. Darren’s research coverage has been broad and he has over a decade’s worth of experience researching resource, industrial and financial companies. Prior to joining the firm, Darren worked as an equity analyst at Allan Gray. He started his career at Old Mutual. Darren graduated from the University of Cape Town in 2004 with a Bachelor of Business Science degree in Actuarial Science. He is a Fellow of the Institute of Actuaries and a CFA Charterholder.

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 Fee1.38%
Performance Fee-
Advisor Annual Feen/a
Trailer Fee-
Exit Fee-
TER (31/03)1.40%
TER Performance Fee0.00%
Transaction Costs Ratio0.08%
Total TER1.48%
 
Distribution - Class A
DeclaredPayAmountClassCurrency
31 Mar 20252 Apr 20251.590AZARc
30 Sep 20242 Oct 20243.590AZARc
31 Mar 20243 Apr 20242.960AZARc
30 Sep 20233 Oct 20233.630AZARc
31 Mar 20234 Apr 20232.590AZARc
30 Sep 20224 Oct 20224.000AZARc
31 Mar 20224 Apr 20221.970AZARc
30 Sep 20214 Oct 20212.860AZARc
31 Mar 20216 Apr 20211.390AZARc
30 Sep 20202 Oct 20204.610AZARc
 
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