The Fund aims to offer investor long term capital growth while preserving capital over the medium to long term with a reasonable level of income that is halaal (permissible) for investors. The portfolio will consist of investment in a mix of equity, bond and property markets, and money market instruments. The portfolio will invest in securities that comply with Shariah guidelines that govern Islamic Investment Funds. The Manager shall be permitted to invest on behalf of the portfolio in offshore investments as legislation permits. The portfolio will be managed in accordance with regulations governing pension Funds.
Element Islamic Balanced SCI A
Latest Price NAV
USD
0.11
as of
13/Sep/23
Objective
Key Facts
Launch Date :
28/Apr/10
Asset Type :
Mixed AssetsBase Currency :
South African RandTotal Net Asset (USD M) :
5.62
Benchmark :
Index is not available on Lipper Database
Dividend Type :
Income
Income Distribution :
Paid
Total Expense Ratio % :
2.08
Geographical Focus :
South Africa
Shariah Compliant
Shariah
Performance
3 Yrs Performance
3.48
5 Yrs Performance
1.07
10 Yrs Performance
0.08
Top Holdings
1.
ZAR CASH
20.66
%
2.
ELEMENT ISLAMIC GLOBAL EQUITY SCI B
19.08
%
3.
RHEINMET BERLIN
13.67
%
4.
ANGLO AMERICAN PLC ORD
4.03
%
5.
GLENCORE PLC ORD
3.8
%
6.
USD CASH
3.1
%
7.
ANGLOGOLD ASHANTI LTD ORD
3.04
%
8.
NEWGOLD ETF
2.34
%
9.
MTN GROUP LTD ORD
2.2
%
10.
OMNIA HOLDINGS LTD ORD
2.11
%
Portfolio Composition
1.
SOUTH AFRICA
41.91
%
2.
GERMANY
17.58
%
3.
UNITED STATES
5.58
%
4.
SWITZERLAND
5.11
%
5.
UNITED KINGDOM
4.98
%
6.
IRELAND
0.92
%
7.
FRANCE
0.56
%
8.
MALTA
0.08
%
Transaction Information
Annual Charges
Minimum Charge :
N.A
Maximum Charge:
N.A
Actual Charge :
1.725
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/