OVERVIEW
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
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