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Novare Balanced Fund | South African–Multi Asset–Medium Equity
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Manager's Fact Sheet
Fund Profile
Manager's Commentary
Reg Compliant
14.2183    +0.0788    (+0.557%)
NAV price (ZAR) Thu 2 Oct 2025 (change prev day)
 
Snapshot
<i><b>  Performance</b></i><hr/>This gauge shows the decile position of the fund against 113 Rand-denominated South African--Multi Asset--Medium Equity funds over the last three years (needle right indicates above average performance)
Performance
<i><b>  Size</b></i><hr/>This gauge shows the size of the fund against all Rand-denominated retail funds (needle right indicates a large fund, needle left a small fund)
Size
<i><b>  Diversification</b></i><hr/>This gauge shows the level of diversification relative to other funds in the same second-tier (multi asset) category (needle right indicates a well-diversified fund)
Diversification
<i><b>  Risk</b></i><hr/>This gauge shows the fund's level of historical risk relative to other funds in the South African--Multi Asset--Medium Equity sector based on 3-year volatility (needle right indicates lower risk within the sector)
Risk
Fund Performance
NAV and TRI Performance
  TRI
  NAV
   3 Months 6 Months 1 Year 3 Years 5 Years
Period    Return %Growth of R1 000
chart
* Not annualised
Key Facts and Fund Objective
Key Facts
Formation Date 15 Aug 2017
Fund Size (ZAR) 351 932 945
Latest Price 14.22
PlexCrowns (Senior)
PlexCrowns (Junior)
Total Expense Ratio (30/06) 1.18%
Minimum InvestmentR5 000
TTM Distribution Yield 3.74%
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....Read more
Asset Classes and Holdings
Asset Classes
 SA Equities45.85%  
 Foreign Equities11.24%  
 SA Bonds22.72%  
 Foreign Bonds2.70%  
 SA Property0.04%  
 Foreign Property0.00%  
 SA Cash9.78%  
 Foreign Cash7.67%  
Top Holdings as at 30 Jun 2025
SecurityUnitsValue (Rm)% of Fund
GOVTISSUPAPER 0 47.1219.74%
FINANCIALS 0 38.5516.15%
CONSUMERSRVS 0 30.7012.86%
TOTALFOREIGEQ 0 24.2710.16%
CASH 0 20.058.40%
FOREIGNCASH 0 18.137.59%
BASICMATERIAL 0 13.675.73%
DOMESTICFUNDE 0 11.584.85%
ADDITIONAL 0 8.123.40%
TELECOMMUNICA 0 7.273.04%
Totals  219.4691.93%
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2 Oct14.22+0.08+0.56% 
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