Mitono Optimal Active Beta Fund Fact Sheet

Fund Details
Fund Sector
SA – Multi Asset – High Equity
Assets Under Management (R m) (Mar 2019)
R- R 173 0%
Number of Accounts (Mar 2019)
- 160 0%
Fund Asset Allocations (R m)
Sector Mar 2019 Dec 2018
Equities R 0 R 112
    Local    R 0    R 77
    Foreign    R -    R 35
Cash Instr. R - R 3
    Local    R -    R 2
    Foreign    R -    R 1
Property R 0 R 3
On FoF R - R 54
Fund Investment Aims, Objective and/or Universe
The primary objective of this Fund is to target a total return of inflation +5% over rolling four-year periods.In so doing, the Fund will aim to outperform a fixed asset allocation benchmark, over the same rolling period, through active asset allocation.Given the nature of the Fund, a secondary objective is to keep the Total Expense Ratio (TER) as low as possible to ensure that unnecessary costs do not hinder performance.

The Fund will be managed using a top-down approach, taking into consideration macro-economic, Fundamental, valuation and technical factors.These will serve as inputs to the managers’ tactical asset allocation decisions.The managers will invest in a combination of passive ETF instruments or Index Tracking Funds, up to a maximum of 80% of the Fund, and the balance in direct Equities, Bonds, Money Market and Property securities.The direct holdings will be managed on an index replication basis wherever possible.The Fund may also include participatory interests or any other form of participation in funds of Collective Investment Schemes or other similar schemes in the Republic of South Africa.
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