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Satrix Balanced Index Fund

You are saving for the long term and looking for a well-diversified portfolio – some shares, some listed property and some fixed interest assets. You are comfortable with fluctuations in your capital value over the short term.

This fund is suitable for long-term retirement savings and offers diversified exposure to all the key local and international asset classes, with a smart SA equity (shares) core. The fund tracks a composite index, with a long-term strategic asset allocation. This fund is best suited to investors with at least a medium-term investment horizon. For more information contact your financial adviser or broker.

Fund Summary*

Satrix Balanced Index Fund

Launch Date: October 2013
Fund Size:
Benchmark: Proprietary Satrix Balanced Index
Time Horizon: 8 - 9 years
*As at
 
Risk Profile: Moderate Aggressive
Fund Classification: SA - Multi-Asset - High Equity
Min Investment Amount: Lump sum: R10 000 | Monthly: R500
Total Expense Ratio (TER):
Fees: View Fees

*As at

Launch Date: October 2013
Fund Size:
Benchmark: Proprietary Satrix Balanced Index
Time Horizon: 8 - 9 years
Risk Profile: Moderate Aggressive
Fund Classification: SA - Multi-Asset - High Equity
Min Investment Amount: Lump sum: R10 000 | Monthly: R500
Total Expense Ratio (TER):
Fees: View Fees
*As at

*Minimum Disclosure Document

Fund Strategy

The composite benchmark of the fund comprises the following asset class building blocks:

Asset Class Index Exposures
Smart SA equity core (55%) 25% Proprietary Satrix Stable Dividend Index
25% S&P Quality Index
50% Proprietary Satrix Momentum Index
SA bonds (8%) FTSE/JSE All Bond Index
SA property (6%) FTSE/JSE SA Listed Property Index
SA inflation-linked bonds (6%) Barclays SA Gov Inflation-Linked Bond Index
SA cash (5%) SA Nominal Cash
International equities (15%) MSCI World Equity Index
International bonds (5%) Barclays Global Treasury Index

Illustrative Cumulative Growth of an investment of R1000

Performance

Annualised Total Return on a rolling monthly basis
(as at )
Retail Class Fund (%) Benchmark (%)
Annualised return is the weighted average compound growth rate over the period measured
Highest and Lowest Annual Returns since inception
Highest Annual % 9.91
Lowest Annual % 6.7

Minimum Disclosure Document

Cumulative Growth Over Time

— Satrix Balanced Index Fund A1
— Proprietary Satrix Balanced Index

Source of graph: Morningstar Direct

Graph Disclaimer

This graph illustrates how an investment of R1000 would have grown had you invested for the time period displayed. Like everything in life, all investments can change and come with some degree of risk. That’s why we need this disclaimer, to tell you that past performance is not necessarily a guide to future performance, and that the value of investments/units/unit trusts may go down as well as up. The performance shown by this graph happened in the past and is therefore not guaranteed to happen again in the future. The performance is calculated by taking into account initial and ongoing fund manager fees and assumes that you reinvested all the income earned by the fund over this period.

The other line on the graph is for the performance of the designated benchmark of the fund – normally either an index or other funds in the industry that are comparable to the fund you’ve chosen.

The Fund Manager has the right to close the portfolio to new investors in order to manage it more efficiently in accordance with its mandate. The actual fund performance can be viewed on the fund factsheet. Annualised return is the weighted average compound growth rate over the period measured.

Top 10 Holdings

Asset Allocation

*As at

Portfolio Manager

All portfolios are managed and monitored by the Satrix Investment team, a group of individuals highly skilled in portfolio management, quantitative research, risk management and portfolio solutions. The Satrix team offers unparalleled experience in efficiently managing index-tracking portfolios. Under the leadership of CIO, Kingsley Williams and Head of Portfolio Solutions, Nico Katzke, the team manages index-tracking assets in excess of R200 billion.

All portfolios are managed and monitored by the Satrix investment team, a group of individuals highly skilled in portfolio management, quantitative research, risk management and portfolio solutions. The Satrix team offers sun paralleled experience in efficiently managing index-tracking portfolios. Under the leadership of CIO Kingsley Williams and Head of Portfolio Solutions, Nico Katzke, the team manages index-tracking assets in excess of R130 billion.

Fees (including VAT)

Traditional Investing (when you invest via a financial adviser or other)

Advice fee

Any advice fee is negotiable between the client and their financial adviser. An annual advice fee negotiated is paid via a repurchase of units from the investor.

Total Expense Ratio (TER)

This is the percentage of the value of the financial product that was incurred as expenses relating to the administration of the financial product. A higher TER does not necessarily imply a poor return, nor does a low TER imply a good return. The current TER may not necessarily be an accurate indication of future TERs.

Transaction Cost (TC)

This is the percentage of the value of the financial product that was incurred as costs relating to the buying and selling of the assets underlying the financial product. Transaction Costs are a necessary cost in administering the financial product and impacts financial product returns. It should not be considered in isolation as returns may be impacted by many other factors over time including market returns, the type of financial product, the investment decisions of the investment manager and the TER.

About Satrix

Satrix is the leading provider of index-tracking investment products and exchange traded funds (ETFs) in South Africa, with assets under management of R200 billion* invested in the range of ETFs, index-tracking unit trusts, life pooled and segregated portfolios that are specifically tailored for client-specific mandates or retail funds.

It pioneered index investing in South Africa, launching the flagship Satrix 40 ETF as the first locally listed ETF in November 2000. The business services the institutional, intermediary, and individual investor markets. Satrix has proven expertise in risk management, portfolio analysis and index construction.

A core part of the Satrix purpose is to drive the democratisation of investments for all South Africans, where SatrixNOW, the no-minimum online investing platform, is a key enabler to provide access for South Africans to “Own the Market”.

The multi-award-winning business holds the largest market share in the ETF industry in South Africa at nearly 36%^. Visit www.satrix.co.za.

*Source: Satrix, 31st December 2023
^Source: etfSA.co.za, 31st December 2023

Portfolio Manager(s) Quarterly Comment

Click here to read the commentary on the MDD.

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