OVERVIEW

Gradidge-Mahura Ci Growth Fund
April 2022

INFORMATION
DISCLOSURE

Calculation Period
Estimate
Benchmark
SA CPI for all urban areas +5% per annum over any rolling 7 year period
ASISA Classification
South African – Multi Asset – High Equity
Total Investment Charge
1.40%
Foreign Exposure
Up to 45%
Risk Profile
High
Transaction Cost
0.10%
Fund Size
R 119.0 million
Total Expense Ratio
1.30%
Equity Exposure
The Fund will have a maximum effective exposure of 75% for equity.

About

Investment Objective
The objective of this portfolio is to provide investors with long-term capital growth. The portfolio maintains a high risk profile and complies 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 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 (including international equity) of 75% and a maximum effective property exposure (including international property) of 25% at all times. 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 may invest up to 75% in equity securities, both locally and abroad.

ASSET
ALLOCATION

SA Equity
27.52%
Global Equity
26.14%
SA Bonds
14.81%
SA Cash
8.98%
SA Equity (Derivatives)
8.75%
SA Property
6.25%
SA Bonds (Derivatives)
4.29%
Global Cash
1.46%
Commodities
0.57%
Global Property
0.53%
SA Property (Derivatives)
0.36%
Global Bonds
0.33%

UNDERLYING
HOLDINGS

Ci Managed Fund
17.91%
iShares MSCI World ETF
9.14%
Direct Equity (Hedged)
9.11%
Fundsmith Equity Fund
7.66%
36ONE BCI SA Equity Fund
7.38%
Matrix SCI Stable Income Fund
6.49%
STANLIB Flexible Income Fund
5.51%
Sands Capital Global Growth Fund
5.31%
iShares Core MSCI EM IMI UCITS ETF
5.30%
Ci Equity Fund
5.19%
Catalyst SCI SA Property Equity Fund
5.04%
Ci Alpha Fund
4.99%
Direct Bonds (Hedged)
4.29%
Satrix Bond Index Fund
3.05%
SA Cash
2.90%

ANNUALISED
PERFORMANCE

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

TOP 10 EQUITY
EXPOSURES

1. Prosus NV
1.71%
2. British American Tobacco
1.53%
3. Standard Bank
1.42%
4. Anglo American Plc
1.36%
5. Microsoft Corporation
1.24%
6. Growthpoint Properties
1.13%
7. Nepi Rockcastle
1.07%
8. Glencore
1.01%
9. MTN
0.99%
10. BHP Group Plc
0.99%
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 119.0 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
1.30%
Transaction Cost
0.10%
Total Investment Charge
1.40%
Calculation Period
Estimate
Income Declaration Dates
30 June & 31 December
Last 12 Month Distributions
31/12/2021: (A) 0.69
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
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