OVERVIEW
INFORMATION DISCLOSURE
Fund Size
R 1.3 billion
Risk Profile
Moderate - High
ASISA Classification
South African – Multi Asset – High Equity
Benchmark
SA CPI +5% per annum over a rolling 7 year period
Total Expense Ratio
0.95%
Transaction Cost
0.13%
Total Investment Charge
1.08%
Calculation Period
1 Jul 2021 to 30 Jun 2024
Foreign Exposure
No foreign exposure
Equity Exposure
The Fund will have a maximum effective exposure of 75% for equity and 25% for property.
ABOUT
Investment Objective
The Ci SA Managed Fund is an institutional multi-asset high equity portfolio. The investment objective of the portfolio is to provide investors with long term capital growth by actively managing the domestic asset allocation in the portfolio and the assets will be shifted between domestic asset classes to reflect changing economic and market conditions. The portfolio maintains a moderate to high risk profile and the portfolio’s equity exposure will be limited to a maximum of 75% of the portfolio’s net asset value. The portfolio will comply with prudential investment guidelines to the extent allowed by the Act. The Manager will seek to achieve this objective by investing in South African assets in liquid form, preference shares, convertible stock, property and equity securities and non-equity securities. 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 multi-asset high equity portfolio which means that it may invest in a spectrum of investments in the equity, bond, money, or property markets. The portfolio tends to have an increased probability of short term volatility and aims to maximise long term capital growth. The portfolio can have a maximum effective equity exposure of up to 75% and a maximum effective property exposure of up to 25% at all times.
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 moderate to high, as it may invest up to 75% in equity securities.
ASSET ALLOCATION
UNDERLYING HOLDINGS
-
SA Direct Equity
54.88%
-
SA Bonds
23.00%
-
Ninety One Money Market Fund
8.82%
-
Direct Property
4.86%
-
SA Cash
3.97%
-
NewGold Debentures ETF
3.00%
-
Direct Bonds (Hedged)
0.78%
-
1nvest Platinum ETF
0.69%
ANNUALISED PERFORMANCE
TOP 10 EQUITY EXPOSURES
-
1. CF Richemont
3.81%
-
2. Naspers
3.61%
-
3. Prosus
3.51%
-
4. British American Tobacco
3.37%
-
5. Remgro
2.70%
-
6. Capitec
2.69%
-
7. Standard Bank
2.38%
-
8. Bid Corporation
2.36%
-
9. Avi
2.30%
-
10. BHP Group
2.12%
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: Coronation Fund Managers have been in the industry for over 20 years and are one of South Africa’s most successful asset managers. Coronation is authorised under the Financial Advisory and Intermediary Services Act, 2002 (act 37 of 2002) as a financial services provider, FSP number 548. Ninety One SA (Pty) Limited have 23 years’ experience in the financial services industry, providing a premier range of South African and international product and services. Ninety One is authorised under the Financial Advisory and Intermediary Services Act, 2002 (act 37 of 2002) as a financial services provider, FSP number 587.
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
25 November 2014
Opening Nav Price
100.00 cents per unit
Fund Size
R 1.3 billion
Initial Fee
Class A: 0%
Initial Advisory Fee Maximum
Maximum 3.45% (Incl VAT)
Annual Service Fee
Class A: 0.920% (Incl VAT)
Annual Advisory Fee Maximum
Maximum 1.15% (Incl VAT)
Total Expense Ratio
0.95%
Transaction Cost
0.13%
Total Investment Charge
1.08%
Calculation Period
1 Jul 2021 to 30 Jun 2024
Income Declaration Dates
30 June & 31 December
Last 12 Month Distributions
28/06/2024: (A) 3.49, 29/12/2023: (A) 3.21
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 – Multi Asset – High Equity