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Contrarius Global Balanced Fund - Fixed Fee Class  |  Global--Asset Allocation--Flexible
55.7600    -1.0000    (-1.762%)
NAV price (USD) Thu 2 Jul 2026 (change prev close)
  
905.3082    -25.5274    (-2.742%)
NAV price (ZAR) Thu 2 Jul 2026 (change prev close)
 
Snapshot
<i><b>  Performance</b></i><hr/>This gauge shows the decile position of the fund against 107 Rand-denominated Global--Asset Allocation--Flexible 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 (asset allocation) 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 Global--Asset Allocation--Flexible sector based on 3-year volatility (needle right indicates lower risk within the sector)
Risk
Fund Performance
  ZAR
  Base
3 Months 6 Months 1 Year 3 Years 5 Years
Trailing Returns
Period    Return %Growth of $1 000
chart
* Not annualised
Key Facts and Fund Objective
Key Facts
Formation Date 1 Jan 2009
Fund Size ($) 143 000 000
Latest Price 55.76
PlexCrowns (Senior)
PlexCrowns (Junior)
Total Expense Ratio (30/09) 1.40%
Minimum Investment-
TTM Distribution Yield -
Fund Objective
The Fund is a flexible asset allocation fund. The Fund's investment strategy is to invest in global equities and equity related securities (including REITS), cash and investment grade fixed-income government securities rated. The Fund may also use financial derivative instruments for the sole purpose of efficient portfolio management and reducing exchange rate risk and then only subject to the restrictions included in the section entitled ''Appendix III Efficient Portfolio Management'' in the Prospectus. The equities component of the Fund represents the Contrarius Group's selection of global equities and equity related securities. This component of the Fund will be exposed to all the risks and rewards of the global equities and equity related securities selected for the Fund using proprietary investment research undertaken by the Investment Manager, the Sub-Investment Manager and the Investment Advisor. In order to reduce stock market risk the Fund has the flexibility of implementing a hedging strategy and may therefore sell equity index futures to reduce stock market risk. The extent of stock market hedging will depend on the Investment Manager's and Sub-Investment Manager's view on the long-term return prospects for global equities and equity related securities. In seeking to achieve its investment objective, the Fund may vary its net exposure to global equities and equity related securities between 0% and 75%. In so doing, the Fund aims, over the long-term, to earn a return higher than an absolute return, such absolute return being US$ bank deposits. Given the longterm, contrarian, valuation-based investment philosophy, there will be times when the Fund will materially underperform its benchmark in the short-term in order to achieve its objective of long-term outperformance. Since inception and over the latest ten-year period the Fund has outperformed its Benchmark, the absolute return of US$ bank deposits. Over the latest five-year period the Fund has underperformed its Benchmark. Investors are reminded that the Fund may experience periods of underperformance in pursuit of its objective.
Asset Classes and Holdings
Asset Classes as at 31 Mar 2026
 SA Equities0.00%  
 Foreign Equities58.40%  
 SA Bonds0.00%  
 Foreign Bonds14.10%  
 SA Property0.00%  
 Foreign Property0.00%  
 SA Cash0.00%  
 Foreign Cash7.40%  
Top Holdings as at 31 May 2026
SecurityValue% of Fund
ECHOSTAR CORPORATION 224.7m ZAR8.20%
TESLA, INC. 222.0m ZAR8.10%
INTEL CORPORATION 161.7m ZAR5.90%
ALPHABET INC. 153.5m ZAR5.60%
US TREASURIES < 1 YEAR 126.1m ZAR4.60%
DELL TECHNOLOGIES INC 120.6m ZAR4.40%
SK HYNIX INC. 112.4m ZAR4.10%
Oracle Corporation 112.4m ZAR4.10%
DIAGEO PLC 109.6m ZAR4.00%
BRITISH AMERICAN TOBACCO - ADR 101.4m ZAR3.70%
Totals 1 444.1m ZAR52.70%
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