OVERVIEW

Celerity Ci Conservative Fund

31 August 2024

INFORMATION DISCLOSURE

Fund Size

R 96.3 million

Risk Profile

Low

ASISA Classification

South African – Multi Asset – Low Equity

Benchmark

SA CPI + 2%

Total Expense Ratio

1.21%

Transaction Cost

0.05%

Total Investment Charge

1.26%

Calculation Period

1 Jul 2021 to 30 Jun 2024

Foreign Exposure

Up to 45%

ABOUT

Investment Objective

The portfolio seeks to provide investors with income and conservative capital growth with a focus on capital preservation. It aims to achieve a return in the range of 2% above inflation over rolling three-year periods. This will be done by investing in a spread of equity securities, non-equity securities, money market, property and listed and unlisted financial instruments, both locally and abroad. The portfolio maintains a low risk profile and the portfolio’s equity exposure will be limited to a maximum of 40% of the portfolio’s net asset value. The portfolio will comply with Regulation 28 of the Pension Funds Act.

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 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 low, as it may invest up to 40% in equity securities, both locally and abroad.

ASSET ALLOCATION

UNDERLYING HOLDINGS

  • Amplify SCI Strategic Income Fund

    19.23%

  • Granate BCI Multi Income Fund

    19.06%

  • ABAX SA Income Prescient Fund

    17.81%

  • SA Bonds

    15.37%

  • ABAX Absolute Prescient Fund

    7.64%

  • Prescient Defensive Fund

    7.37%

  • Direct Equity (Hedged)

    6.10%

  • STANLIB Enhanced Multi Style Equity Fund

    2.45%

  • M1 Capital Prescient Global Equity Fund

    2.38%

  • SA Cash

    2.31%

  • Ninety One Global Franchise Feeder Fund

    0.10%

  • Global Cash

    0.07%

  • Nedgroup Inv Core Global Feeder Fund

    0.06%

  • Coronation Balanced Defensive Fund

    0.04%

  • ABAX SA Absolute Prescient Fund

    0.01%

ANNUALISED PERFORMANCE

Highest 1 year rolling return

19.03%

Lowest 1 year rolling return

-3.87%

TOP 10 EQUITY EXPOSURES

  • 1. Growthpoint Properties

    0.40%

  • 2. Naspers Ltd

    0.28%

  • 3. SA Corp Real Estate Fund

    0.24%

  • 4. Nepi Rockcastle

    0.23%

  • 5. Standard Bank

    0.22%

  • 6. HDFC BANK LTD

    0.21%

  • 7. WFD Unibail-Rodamco N.V.

    0.21%

  • 8. FirstRand

    0.18%

  • 9. Bid Corporation

    0.17%

  • 10. Sanlam Ltd

    0.15%

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

03 December 2018

Opening Nav Price

100.00 cents per unit

Fund Size

R 96.3 million

Initial Fee

Class B: 0%, Class A: 0%

Initial Advisory Fee Maximum

Maximum 3.45% (Incl. VAT)

Annual Service Fee

Class B: 0.75%, Class A: 0.805% (Incl. VAT)

Annual Advisory Fee Maximum

Maximum 1.15% (Incl. VAT)

Total Expense Ratio

1.21%

Transaction Cost

0.05%

Total Investment Charge

1.26%

Calculation Period

1 Jul 2021 to 30 Jun 2024

Income Declaration Dates

31 March, 30 June, 30 September & 31 December

Last 12 Month Distributions

28/06/2024: (B) 3.49, 28/03/2024: (B) 0.74 29/12/2023: (B) 0.64, 29/09/2023: (B) 0.60

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