The primary objective of the portfolio will be to achieve capital growth with a reasonable level of income that is halaal (permissible) for investors through investment in predominantly the domestic equity market. The portfolio will invest in securities in the JSE that comply with Shariah guidelines that govern Islamic Investment Funds and that prohibit investment in companies whose primary business is not consistent with Shariah principles. The Manager shall be permitted to invest on behalf of the portfolio in offshore investments as legislation permits.
Element Islamic Equity SCI A
Latest Price NAV
USD
0.15
as of
13/Sep/23
Objective
Key Facts
Launch Date :
1/Feb/06
Asset Type :
EquityBase Currency :
South African RandTotal Net Asset (USD M) :
6.90
Benchmark :
Index is not available on Lipper Database
Dividend Type :
Income
Income Distribution :
Paid
Total Expense Ratio % :
2.01
Geographical Focus :
Global
Shariah Compliant
Shariah
Performance
3 Yrs Performance
7.32
5 Yrs Performance
3.42
10 Yrs Performance
0.05
Top Holdings
1.
ANGLOGOLD ASHANTI LTD ORD
8.71
%
2.
ZAR CASH
8.58
%
3.
USD CASH
6.59
%
4.
ANGLO AMERICAN PLC ORD
5.99
%
5.
OMNIA HOLDINGS LTD ORD
5.37
%
6.
GLENCORE PLC ORD
5.37
%
7.
SHELL TRANSPORT & TRADING COMPANY PLC
4.32
%
8.
MTN GROUP LTD ORD
4.09
%
9.
HARMONY GOLD MINING COMPANY LTD ORD
3.73
%
10.
NOVARTIS AG ORD
3.05
%
Portfolio Composition
1.
SOUTH AFRICA
52.62
%
2.
UNITED STATES
16.13
%
3.
SWITZERLAND
8.44
%
4.
UNITED KINGDOM
8.3
%
5.
IRELAND
2.61
%
6.
FRANCE
2.45
%
7.
CANADA
1.38
%
8.
GERMANY
0.57
%
9.
NORWAY
0.37
%
Transaction Information
Annual Charges
Minimum Charge :
N.A
Maximum Charge:
N.A
Actual Charge :
1.73
Initial Charges
Minimum Charge :
N.A
Maximum Charge :
N.A
Actual Charge :
N.A
Redemption Charges
Minimum Charge :
N.A
Maximum Charge:
N.A
Actual Charge :
N.A
Contact
Company Name:
SCI
Website :
http://www.sanlam.co.za/