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STANLIB Multi-Manager Global Equity Fund STANLIB Funds Ltd (Jersey) STANLIB Multi-Manager Global Equity Fund News Regional Portfolio Structure(Semi-Annual Comparison) Sectorial Portfolio Structure(Semi-Annual Comparison) Price   Ranking Sector: Global-Equity-General Size: (USD) 409 000 000   Sector Rank: 16 out of 33 (lump sum over 3 years to 31 Jul 2010)   Overall Rank: 130 out of 179 (lump sum over 3 years to 31 Jul 2010)   R20000 invested on 31 Jul 2007 was worth R15 114 at 31 Jul 2010 ((8.92)% annual compound return)   R5000 per month since 31 Jul 2007 was worth R164 949 at 31 Jul 2010 ((5.73)% annual return compounded monthly)   Please note that offshore fund performance figures are calculated from NAV prices (ie, equivalent to sell-to-sell) and therefore not directly comparable to domestic fund performance figures on this site.   Management STANLIB Asset Management -The fund is managed by Richard Middleton. -It is managed similarly to the Stanlib Growth Fund which Richard has been the portfolio manager of since the last quarter of 2002. -The fund has a growth style and philosophy. He invests in companies that are growing their earnings faster than the market over the following 2 years. Valuation plays a key, but companies first have to demonstrate a strong earnings profile before being considered. -Earnings, valuation and company management are key inputs into the process. -He is not benchmark aware and weightings in companies are fairly evenly spread across the portfolio. -The manager has a very active style and trades to reduce opportunity costs in the fund.   Focus and Objective Objective The portfolio aims to maximise the long-term total return achieved by investing in global equities. The investment objective is to generate annualised investment returns in excess of the bechmark index. The benchmark for the portfolio is the Morgan Stanley Capital International World Index with net dividends reinvested. Approach The Fund adopts a multi-management approach. Style The Fund will generally invest with managers with superior investment skill who can display a specialist style or market capitalisation expertise. STANLIB actively manages the weighting of the underlying manager portfolios, giving consideration to their style and geographic positioning.   Technical Overview Benchmark: MSCI World index Base currency: USD Formation date: 21 Dec 1998 Broker comm payable? No Is this fund a roll-up fund? Yes Custodian fee: 0.04% subject to a minimum of USD25 000 Management fee (p.a.): 1.00% Domicile: Jersey Minimum lump sum: $15 000 Exit fee? No Original price: USD 1000.00   Top holdings on 31 Dec 2008 Share (Sector) Value (USD) % of fund EON (Goods & Services) 8 343 600 2.04% AMAZON.COM (Technology) 7 484 700 1.83% WELLPOINT (Healthcare) 6 789 400 1.66% AMERICAMOVIL (Telecom) 6 789 400 1.66% APPLE (Technology) 6 625 800 1.62% AT&T (Telecom) 6 421 300 1.57% NESTLESA (Food & Beverage) 5 889 600 1.44% ROLLSROYCE (Auto) 4 989 800 1.22% CONOCO (Energy) 4 826 200 1.18% MICROSOFT (Technology) 4 539 900 1.11% TOTALS 62 699 700 15.33%

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