OVERVIEW

AssetMix Ci Balanced Fund
June 2022

INFORMATION
DISCLOSURE

Calculation Period
1Y: 01 Apr 2021 to 31 Mar 2022; 3Y: 01 Apr 2019 to 31 Mar 2022
Benchmark
CPI for all urban areas + 5-7% p.a. over a rolling 7 year period
ASISA Classification
South African – Multi Asset – High Equity
Total Investment Charge
1.65%
Foreign Exposure
Up to 45%
Risk Profile
High
Transaction Cost
0.18%
Fund Size
R 307.1 million
Total Expense Ratio
1.47%
Equity Exposure
The portfolio will have a maximum effective exposure of 75% for equity.

About

Investment Objective
The objective of this multi asset portfolio is to provide investors with long-term capital growth. The composition of the portfolio shall reflect the investment structure of a retirement fund with a high 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 high equity portfolio which means that it may invest in a spectrum of equity, bond, property and money market and tends to have an increased probability of short term volatility and aims to maximise long term capital growth. The portfolio may have a maximum equity exposure of up to 75% and complies with the regulation governing retirement funds. 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 only invest up to 75% in equity securities, both locally and abroad.

ASSET
ALLOCATION

Equity
38.21%
Global Equity
30.77%
Bonds
16.01%
Cash
8.73%
Property
1.86%
Global Bonds
1.53%
Global Cash
1.46%
Commodities
0.77%
Global Property
0.56%
Africa
0.1%

UNDERLYING
HOLDINGS

Ci SA Managed Fund
18.61%
ABAX Balanced Prescient Fund
15.05%
Direct Equity
14.78%
Ninety One Managed Fund
10.05%
Coronation Top 20 Fund
10.01%
SA Bonds
6.64%
Fairtree Equity Prescient Fund
6.61%
Nedgroup Inv Core Diversified Fund
6.03%
Allan Gray - Orbis Global Equity Feeder Fund
5.02%
SA Cash
2.66%
MI-PLAN IP Global Macro Fund
2.24%
Sands Capital Emerging Markets Growth Fund
1.90%
Global Cash
0.41%

ANNUALISED
PERFORMANCE

Highest 1 year rolling return
28.68%
Lowest 1 year rolling return
-8.33%
* Benchmark: CPI for all urban areas + 5-7% p.a. over a rolling 7 year period
* Asisa: South African – Multi Asset – High Equity

TOP 10 EQUITY
EXPOSURES

1. British American Tobacco
2.85%
2. Prosus NV
2.53%
3. Anglo American Plc
2.25%
4. Standard Bank
2.23%
5. Glencore
1.96%
6. Naspers Ltd
1.92%
7. CF Richemont
1.54%
8. Sasol
1.34%
9. Nedbank
1.27%
10. Johnson & Johnson
1.19%
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 October 2015
Opening Nav Price
100.00 cents per unit
Fund Size
R 307.1 million
Initial Fee
Class A: 0%, Class B: 0%
Initial Advisory Fee Maximum
Maximum 3.45% (Incl. VAT)
Annual Service Fee
Class A: 0.690%, Class B: 0.633% (Incl. VAT)
Annual Advisory Fee Maximum
Maximum 1.15% (Incl. VAT
Total Expense Ratio
1.47%
Transaction Cost
0.18%
Total Investment Charge
1.65%
Calculation Period
1Y: 01 Apr 2021 to 31 Mar 2022; 3Y: 01 Apr 2019 to 31 Mar 2022
Income Declaration Dates
30 June and 31 December
Last 12 Month Distributions
30/06/2022: (A) 1.90, 31/12/2021: (A) 1.12
Income Reinvestment / Payout Dates
2nd working day in July and 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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