OVERVIEW

Ci Alpha Fund

31 August 2024

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

Highest 1 year rolling return

99.66%

Lowest 1 year rolling return

-22.67%

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