OVERVIEW

MyQ Ci Growth Fund of Funds

30 September 2024

INFORMATION DISCLOSURE

Fund Size

R 409.5 million

Risk Profile

Medium to High

ASISA Classification

South African – Multi Asset – High Equity

Benchmark

CPI for all urban areas + 5% per annum over any rolling 7 year period

Total Expense Ratio

1.74%

Transaction Cost

0.11%

Total Investment Charge

1.85%

Calculation Period

1 Jul 2021 to 30 Jun 2024

Foreign Exposure

Up to 45%

Equity Exposure

Up to 75%

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.

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. A fund of funds is a portfolio that invests in portfolios of collective investment schemes, which levy their own charges, which could result in a higher fee structure for the fund of funds.

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

UNDERLYING HOLDINGS

  • MyQ Ci Worldwide Flexible Fund of Funds

    37.64%

  • Coronation Top 20 Fund

    17.50%

  • Ninety One SA Equity Fund

    10.25%

  • Allan Gray SA Equity Fund

    9.28%

  • Prescient Income Provider Fund

    9.05%

  • Ninety One Corporate Bond Fund

    8.31%

  • Allan Gray Equity Fund

    6.83%

  • SA Cash

    1.14%

ANNUALISED PERFORMANCE

Highest 1 year rolling return

29.77%

Lowest 1 year rolling return

-11.11%

TOP 10 EQUITY EXPOSURES

  • 1. Prosus

    2.95%

  • 2. Standard Bank

    2.82%

  • 3. British American Tobacco

    2.21%

  • 4. Nedbank

    2.18%

  • 5. AB InBev

    2.15%

  • 6. Naspers

    2.06%

  • 7. CF Richemont

    1.52%

  • 8. Anglo American

    1.44%

  • 9. Mondi

    1.41%

  • 10. Microsoft

    1.22%

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

01 September 2015

Opening Nav Price

100.00 cents per unit

Fund Size

R 409.5 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% (Incl. VAT)

Annual Advisory Fee Maximum

Maximum 1.15% (Incl. VAT)

Total Expense Ratio

1.74%

Transaction Cost

0.11%

Total Investment Charge

1.85%

Calculation Period

1 Jul 2021 to 30 Jun 2024

Income Declaration Dates

30 June & 31 December

Last 12 Month Distributions

28/06/2024: (A) 1.22, 29/12/2023: (A) 1.79

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