STANLIB Multi-Manager Global Bond Fund

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STANLIB Multi-Manager Global Bond Fund

STANLIB Multi-Manager Global Bond Fund

STANLIB Funds Ltd (Jersey)
	STANLIB Multi-Manager Global Bond Fund
		News
		Regional Portfolio Structure(Semi-Annual Comparison)
		Sectorial Portfolio Structure(Semi-Annual Comparison)

Price

Ranking

Sector:	Global-Fixed Interest-Bond
Size:	(USD) 251 000 000

Sector Rank:	5 out of 9
(lump sum over 3 years to 31 Jul 2010)

Overall Rank:	5 out of 179
(lump sum over 3 years to 31 Jul 2010)

R20000 invested on 31 Jul 2007 was worth R25 300 at 31 Jul 2010
(8.15% annual compound return)

R5000 per month since 31 Jul 2007 was worth R187 890 at 31 Jul 2010
(2.77% 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 provide attractive returns from investment in major international bond markets with a focus on capital preservation. The investment objective is to out-perform the JP Morgan Global Government Bond Index with net interest coupons received. Approach The Fund adopts a multi-management approach. Style The Fund will generally invest with managers who can display a specialist style or market capitalisation expertise. STANLIB actively manages the weighting of the Fund's portfolio between the different managers selected and between different styles.

Technical Overview
Benchmark:	JP Morgan Global Government Bond 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 UDS25 000	Management fee (p.a.):	0.75%
Domicile:	Jersey	Minimum lump sum:	$15 000
Exit fee?	No	Original price:	USD 1000.00