OVERVIEW

Ci Engineered Equity Core Fund

31 May 2025

INFORMATION DISCLOSURE

Fund Size

R 217.1 million

Risk Profile

High

ASISA Classification

South African – Equity – SA General

Benchmark

S&P South Africa QVM40 Index

Total Expense Ratio

0.33%

Transaction Cost

0.34%

Total Investment Charge

0.67%

Calculation Period

1 Apr 2022 to 31 Mar 2025

Foreign Exposure

0%

Equity Exposure

At least 80%

ABOUT

Investment Objective

The Ci Engineered Equity Core Fund is an institutional general equity portfolio. The investment objective of the Fund is to provide investors with capital growth in the medium to long term through passive investment strategies which will include securities and instruments which will mirror various indices in order to capture value and/or momentum in the Fund from time to time, depending on market conditions. The Fund aims to achieve its investment objective by investing in equity securities, non-equity securities, assets in liquid form and listed and unlisted financial instruments, both locally and abroad. A portion of the Fund may from time to time invest in instruments that track the FTSE/JSE Dividend + Index or any other index that represents value investments and the remaining portion of the Fund may from time to time invest in instruments that mirror indices that provide for momentum investments. The combination of these securities will enable the Manager to track the performance of the value and/or momentum indices, depending on market conditions from time to time. 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 will have 100% of market value in 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

  • Direct Equity (Hedged)

    53.23%

  • SA Direct Equity

    33.31%

  • Nedgroup Inv Core Income Fund

    19.66%

  • Ci Diversified Income Fund

    19.61%

  • STANLIB Corporate Money Market Fund

    15.46%

  • Direct Property

    7.46%

ANNUALISED PERFORMANCE

Highest 1 year rolling return

56.46%

Lowest 1 year rolling return

-19.89%

TOP 10 EQUITY EXPOSURES

  • 1. Harmony Gold

    14.35%

  • 2. Capitec

    9.62%

  • 3. Standard Bank

    9.33%

  • 4. Nepi Rockcastle

    6.90%

  • 5. Clicks

    6.48%

  • 6. Mr Price

    5.20%

  • 7. Sanlam

    4.80%

  • 8. Nedbank

    4.20%

  • 9. Avi

    2.75%

  • 10. Exxaro

    2.72%

Top 10 equity exposures are one month lagged.

PORTFOLIO MANAGEMENT

Portfolio Managers

This Fund is managed by Portfolio Analytics Consulting (Pty) Ltd, FSP no. 18490.

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

02 February 2015

Opening Nav Price

100.00 cents per unit

Fund Size

R 217.1 million

Initial Fee

Class A: 0%

Initial Advisory Fee Maximum

Maximum 3.45% (Incl VAT)

Annual Service Fee

Class A: 0.288% (Incl VAT)

Annual Advisory Fee Maximum

Maximum 1.15% (Incl VAT)

Total Expense Ratio

0.33%

Transaction Cost

0.34%

Total Investment Charge

0.67%

Calculation Period

1 Apr 2022 to 31 Mar 2025

Income Declaration Dates

30 June & 31 December

Last 12 Month Distributions

31/12/2024: (A) 1.64, 28/06/2024: (A) 1.86

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 – SA General