OVERVIEW
INFORMATION DISCLOSURE
Fund Size
R 502.8 million
Risk Profile
High
ASISA Classification
South African – Equity – General
Benchmark
FTSE/JSE All Share Index
Total Expense Ratio
0.83%
Transaction Cost
0.39%
Total Investment Charge
1.22%
Calculation Period
1 Jul 2021 to 30 Jun 2024
Foreign Exposure
Up to 45%
Equity Exposure
The Fund will have equity exposure of at least 80% at all times.
ABOUT
Investment Objective
The Ci Alpha Fund is a general equity portfolio. The Fund's objective is to provide investors with long term risk adjusted returns through investments in a diversified portfolio of quality companies. The Fund will focus on active investment management and generating alpha through active sector and stock selection. The Manager will seek to achieve this objective by investing in assets in liquid form, preference shares, convertible stock, property and equity securities and non-equity securities deemed appropriate in order the achieve the Fund's investment objective. The Fund's equity exposure will exceed 80% of its net asset value at all times. The Fund may from time to time invest in listed and unlisted derivatives, in order to achieve the portfolio's investment objective.
Characteristics
This is a general equity portfolio which means that the portfolio will invest in selected shares across all industry groups as well as across the range of large, mid and smaller market capitalisation shares, with the aim of producing a risk/return profile that is comparable with the risk/return profile of the overall JSE equities market. The portfolio will invest a minimum equity exposure of 80% and offers medium to long-term capital growth as its primary investment objective. This portfolio may, at the discretion of the portfolio manager, invest up to 45% of the assets outside of South Africa.
Risk Reward Profile
Typically, the lower the risk, the lower the potential return and the higher the risk, the higher the potential return. There is no guarantee that returns will be higher when investing in a portfolio with a higher risk profile. The risk profile for this portfolio is rated as high, as it invests between 80% and 100% in equity securities.
ASSET ALLOCATION
UNDERLYING HOLDINGS
-
SA Direct Equity
95.61%
-
SA Cash
3.18%
-
Direct Property
1.21%
ANNUALISED PERFORMANCE
TOP 10 EQUITY EXPOSURES
-
1. Prosus
8.60%
-
2. Naspers
8.58%
-
3. FirstRand
7.88%
-
4. Gold Fields
5.37%
-
5. AngloGold Ashanti
4.01%
-
6. Anglo American
3.85%
-
7. ABSA
3.70%
-
8. Sanlam
3.52%
-
9. Standard Bank
3.40%
-
10. Mr Price
2.83%
Top 10 equity exposures are one month lagged.
PORTFOLIO MANAGEMENT
Portfolio Managers
This Fund is managed by Portfolio Analytics Consulting FSP no. 18490, who utilise the following Asset Managers: Fairtree Asset Management is a South African investment manager that manages alternative and long only investment portfolios across all global asset classes for institutional clients and high net worth individuals since 2003. Fairtree is authorised under the Financial Advisory and Intermediary Services Act, 2002 (act 37 of 2002) as a financial services provider, FSP number 25917.
Management Company
The portfolios are hosted and administered by Ci Collective Investments (RF) (Pty) Ltd ("Ci"). Ci is owned by a number of like-minded boutique multi-managers and managed by a team of experts, each with significant experience in the collective investments industry. Ci is approved by the FSCA as a manager in terms of the Collective Investment Schemes Control Act.
ADDITIONAL INFORMATION
Launch Date
03 February 2014
Opening Nav Price
100.00 cents per unit
Fund Size
R 502.8 million
Initial Fee
Class B: 0%
Initial Advisory Fee Maximum
Maximum 3.45% (Incl VAT)
Annual Service Fee
Class B: 1.208% (Incl VAT)
Annual Advisory Fee Maximum
Maximum 1.15% (Incl VAT)
Total Expense Ratio
0.83%
Transaction Cost
0.39%
Total Investment Charge
1.22%
Calculation Period
1 Jul 2021 to 30 Jun 2024
Income Declaration Dates
30 June & 31 December
Last 12 Month Distributions
28/06/2024: (B) 2.42, 29/12/2023: (B) 2.79
Income Reinvestment / Payout Dates
2nd working day in July & January
Transaction cut-off time
14:00
Valuation Time
17:00
Frequency of pricing
Our daily NAV prices are published on our website and in the national newspaper
ASISA Classification
South African – Equity – General