OVERVIEW

AssetMix Ci Conservative
September 2021

INFORMATION
DISCLOSURE

Calculation Period
1 Jul 2018 to 30 Jun 2021
Benchmark
CPI for all urban areas + 2-3% p.a. over a rolling 3 year period
ASISA Classification
South African – Multi Asset – Low Equity
Total Investment Charge
1.53% (3 Year), 1.34% (1 Year)
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
0.08% (3 Year), 0.07% (1 Year)
Fund Size
R 117.7 million
Total Expense Ratio
1.45% (3 Year), 1.27% (1 Year)
Equity Exposure
The portfolio 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 composition of the portfolio shall reflect the investment structure of a retirement fund with 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 equity, bond, property and money market and tends to display reduced short term volatility and aims for long term capital growth. The portfolio may have a maximum equity exposure of up to 40% and complies with the regulation governing retirement funds. 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 only invest up to 40% in equity securities, both locally and abroad.

ASSET
ALLOCATION

Bonds
37.52%
Global Equity
23.15%
Cash
19.88%
Equity
11.66%
Global Cash
4.09%
Property
1.74%
Global Bonds
1%
Commodities
0.56%
Global Property
0.4%

UNDERLYING
HOLDINGS

Abax Absolute Prescient Fund
19.64%
Ci Cautious Fund
19.53%
Nedgroup Investments Core Guarded Fund
14.91%
SA Bonds
13.65%
Direct Equity
12.08%
Ninety One High Income Fund
4.93%
Nedgroup Investments Core Income Fund
4.92%
MI-PLAN IP Global Macro Fund
4.33%
Sands Capital Emerging Markets Growth Fund
3.21%
SA Cash
2.36%
Global Cash
0.43%

ANNUALISED
PERFORMANCE

Highest 1 year rolling return
10.63%
Lowest 1 year rolling return
-0.14%
* Benchmark: CPI for all urban areas + 2-3% p.a. over a rolling 3 year period
* Asisa: South African – Multi Asset – Low Equity

TOP 10 EQUITY
EXPOSURES

1. Alphabet Inc.
1.08%
2. Microsoft Corporation
0.89%
3. British American Tobacco
0.84%
4. Anglo American Plc
0.82%
5. Johnson & Johnson
0.77%
6. Home Depot Inc
0.69%
7. FirstRand
0.68%
8. Prosus NV
0.67%
9. Apple Inc.
0.65%
10. Hermes International SCA
0.64%
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 117.7 million
Initial Fee
Class A: 0%
Initial Advisory Fee Maximum
Maximum 3.45% (Incl. VAT)
Annual Service Fee
Class A: 0.690% (Incl. VAT)
Annual Advisory Fee Maximum
Maximum 1.15% (Incl. VAT)
Total Expense Ratio
1.45% (3 Year), 1.27% (1 Year)
Transaction Cost
0.08% (3 Year), 0.07% (1 Year)
Total Investment Charge
1.53% (3 Year), 1.34% (1 Year)
Calculation Period
1 Jul 2018 to 30 Jun 2021
Income Declaration Dates
31 March, 30 June, 30 September and 31 December
Last 12 Month Distributions
30/09/2021: (A) 0.75, 30/06/2021: (A) 0.94 31/03/2021: (A) 0.75, 31/12/2020: (A) 0.51
Income Reinvestment / Payout Dates
2nd working day in April, July, October 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 – Low Equity
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