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Manager's
Fact Sheet
Fund Profile
Manager's Commentary
Novare Balanced Fund  |  South African-Multi Asset-Medium Equity
Reg Compliant
12.8928    -0.1196    (-0.919%)
NAV price (ZAR) Wed 8 Jan 2025 (change prev day)


 
Technical Details  
 

Formation Date (A1)

15 Aug 2017

Fund Size (ZAR)

217 542 182

Domicile

South Africa

Reporting Currency

ZAR

JSE Code (A1)

NBALA1

ISIN (A1)

ZAE000247060

Pricing

Daily

Number of unitholders

0

ASISA Category

SA-Multi Asset-Medium Equity

Benchmark

CPI + 4% net of fees

Income Distributions

30/06,31/12

Income Payment

02/07,02/01

Trustee

Firstrand Bank Limited

Management Company

Novare CIS (RF) (Pty) Ltd.

Fund Management

Novare Investments (Pty) Limited

Minimum Investment

R5 000

Minimum Top-Up

-

Minimum Monthly

R500

Risk Rating

Medium

 
Fund Objective  
 
The Novare Balanced Fund aims to offer investors a moderate long term total return. The portfolio will be in compliance with prudential investment guidelines for retirement funds in South Africa to the extent allowed for by the Act.

The portfolio equity exposure will be limited to a maximum of 60%.

In order to achieve its objective the portfolio will invest in a broad spectrum of South African and offshore securities. The investments to be included in the portfolio may comprise a combination of securities such as assets in liquid form, interest bearing instruments, bonds, debentures, corporate debt, equity securities, property securities, preferences shares, convertible equities, non-equity securities and money market instruments.

The...Read more
 
Management  
 
Novare Investments (Pty) Limited
 
Fees and Costs - Class A1
 
Initial Fee0.00%
Advisor Initial Feen/a
Annual Management Fee0.75%
Performance Fee-
Advisor Annual Feen/a
Trailer Fee-
Exit Fee-
TER (30/09)1.22%
TER Performance Fee0.00%
Transaction Costs Ratio0.17%
Total TER1.39%
 
Distribution - Class A1
DeclaredPayAmountClassCurrency
31 Dec 20242 Jan 202525.026A1ZARc
30 Jun 20241 Jul 202420.467A1ZARc
31 Dec 20233 Jan 202421.812A1ZARc
30 Jun 20233 Jul 202320.662A1ZARc
31 Dec 20223 Jan 202321.035A1ZARc
30 Jun 20221 Jul 202220.358A1ZARc
31 Dec 20213 Jan 202215.865A1ZARc
30 Jun 20211 Jul 202110.474A1ZARc
31 Dec 20204 Jan 202112.596A1ZARc
30 Jun 20201 Jul 202016.866A1ZARc
 
Statutory Data
 
Management CompanyNovare CIS (RF) (Pty) Ltd.
Registration Number2013/191159/07
Directors-
TrusteeFirstrand Bank Limited
AuditorsPricewaterhouseCoopers
Sponsors-
Advisors-
Physical Address3rd Floor, The Cliffs Office Block 1 Niagara Way, Tyger Falls Bellville 7530
Postal AddressPO Box 4742 Tygervalley 7536
Telephone021-914-7730
Tollfree-
Fax021-914-7733
Email-
Websitehttp://www.novare.com