OVERVIEW

Gradidge-Mahura Ci Cautious Fund
October 2021

INFORMATION
DISCLOSURE

Calculation Period
Estimate
Benchmark
SA CPI for all urban areas +2% per annum over any rolling 3 year period
ASISA Classification
South African – Multi Asset – Low Equity
Total Investment Charge
1.23%
Foreign Exposure
Up to 30% of the assets may be invested offshore and an additional 10% in Africa (ex RSA)
Risk Profile
Low
Transaction Cost
0.04%
Fund Size
R 126.3 million
Total Expense Ratio
1.19%
Equity Exposure
The Fund will have a maximum effective exposure of 40% for equity.

About

Investment Objective
The objective of this multi asset portfolio is to provide investors with income and conservative capital growth with a focus on capital preservation. The portfolio maintains a low risk profile and will comply with Regulation 28 of the Pension Funds Act. The portfolio may from time to time invest in listed and unlisted financial instruments, in order to achieve the portfolio's investment objective.
Characteristics
This is a multi-asset low equity portfolio which means that it may invest in a spectrum of investments in the equity, bond, money, or property markets. This portfolio tends to display reduced short term volatility, aim for long term capital growth and can have a maximum effective equity exposure (including international equity) of 40% and a maximum effective property exposure (including international property) of 25% of the market value of the portfolio at all times. This portfolio may, at the discretion of the portfolio manager, invest up to 30% of the assets outside of South Africa plus an additional 10% of the assets in Africa excluding 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 low, as it may invest up to 40% in equity securities, both locally and abroad.

ASSET
ALLOCATION

SA Bonds
38.16%
Global Equity
17.29%
SA Bonds (Derivatives)
12.69%
SA Equity
8.55%
SA Cash
7.17%
SA Equity (Derivatives)
5.79%
SA Property
3.49%
Global Bonds
3.35%
Global Cash
2.44%
Commodities
0.5%
Global Property
0.32%
SA Property (Derivatives)
0.25%

UNDERLYING
HOLDINGS

Ci Cautious Fund
16.80%
Matrix SCI Stable Income Fund
12.92%
Direct Bonds (Hedged)
12.69%
STANLIB Flexible Income Fund
9.86%
iShares MSCI World ETF
9.78%
Ci Diversified Income Fund
8.85%
Direct Equity (Hedged)
6.04%
BCI Fundsmith Equity Feeder Fund
5.91%
iShares Global High Yield Corp Bond UCITS ETF
3.09%
36ONE BCI SA Equity Fund
3.02%
Catalyst SCI SA Property Equity Fund
2.45%
Global Cash
2.21%
iShares Core MSCI EM IMI UCITS ETF
2.13%
SA Cash
1.91%
Satrix Bond Index Fund
1.42%

ANNUALISED
PERFORMANCE

No performance figures are provided as the fund has been in existence for less than a year.

TOP 10 EQUITY
EXPOSURES

1. Microsoft Corporation
0.73%
2. British American Tobacco
0.65%
3. Nepi Rockcastle
0.65%
4. Prosus NV
0.64%
5. Growthpoint Properties
0.63%
6. Paypal Holdings
0.40%
7. Apple Inc.
0.38%
8. Facebook Inc
0.38%
9. Bid Corporation
0.33%
10. Resilient Reit
0.31%
Top 10 equity exposures are one month lagged.

PORTFOLIO
MANAGEMENT

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
1 July 2021
Opening Nav Price
100.00 cents per unit
Fund Size
R 126.3 million
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
1.19%
Transaction Cost
0.04%
Total Investment Charge
1.23%
Calculation Period
Estimate
Income Declaration Dates
31 March, 30 June, 30 September & 31 December
Last 12 Month Distributions
30/09/2021: (A) 0.53
Income Reinvestment / Payout Dates
2nd working day in April, July, October & 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 – Low Equity
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