OVERVIEW

Analytics Ci Cautious Fund of Funds
June 2022

INFORMATION
DISCLOSURE

Calculation Period
1 Apr 2019 to 31 Mar 2022
Benchmark
CPI + 3% - rolling 3 year periods
ASISA Classification
South African – Multi Asset – Low Equity
Total Investment Charge
Class A: 2.10%, Class A1: 1.50%
Foreign Exposure
Up to 45%
Risk Profile
Low
Transaction Cost
Class A: 0.04%, Class A1: 0.04%
Fund Size
R 251.3 million
Total Expense Ratio
Class A: 2.06%, Class A1: 1.46%
Equity Exposure
The Fund will have an equity exposure between 0% and 40% at all times

About

Investment Objective
The Fund's objective is to provide stable capital growth with an appropriate level of income, while minimising the possibility of capital loss over the short term through active management. The Fund aims to preserve capital while exhibiting low levels of return volatility. The Fund aims to achieve returns in excess of inflation over 3 years and longer. This Fund complies with Regulation 28 of the Pension Funds Act.
Characteristics
This is a multi-asset low equity portfolio which means that the portfolio may have a maximum equity exposure of up to 40% at all times. This portfolio may, at the discretion of the portfolio manager, invest up to 45% in securities that are listed on exchanges that are members of the World Federation of Exchanges. 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 low, as it may only invest up to 40% in equity securities, both locally and abroad.

ASSET
ALLOCATION

SA Bonds
37.17%
Global Equity
20.5%
SA Equity
14.21%
Global Bonds
10.77%
SA Cash
6.1%
SA Property
4.22%
Global Property
3.52%
Global Cash
3.48%
Africa
0.03%

UNDERLYING
HOLDINGS

Analytics International Flexible Fund
38.31%
STANLIB Bond Fund
19.09%
Analytics Ci Managed Equity Fund
18.17%
Ci Diversified Income Fund
16.82%
Ci Property Fund
3.48%
SA Cash
2.31%
STANLIB Corporate Money Market Fund
1.81%
Global Cash
0.01%

ANNUALISED
PERFORMANCE

Highest 1 year rolling return
25.03%
Lowest 1 year rolling return
-2.59%
* Benchmark: CPI + 3% - rolling 3 year periods
* Asisa: South African – Multi Asset – Low Equity

TOP 10 EQUITY
EXPOSURES

1. Sasol
1.11%
2. Growthpoint Properties
1.05%
3. Impala Platinum
0.87%
4. Redefine Properties
0.77%
5. Microsoft Corporation
0.76%
6. CF Richemont
0.76%
7. Anglo American Plc
0.58%
8. Aspen
0.57%
9. Sibanye Stillwater Ltd
0.55%
10. Anglo American Platinum
0.55%
Top 10 equity exposures are one month lagged.

PORTFOLIO
MANAGEMENT

Portfolio Managers
Portfolio Analytics (Pty) Ltd ("Analytics"), an authorised FSP (no. 631), is the lead manager for this Fund. Analytics uses specialist quantitative and qualitative skills and processes to create and manage their multi-manager funds. The objective is to offer investors a well-researched collection of specialist managers, combined in a scientific way to ensure that the risk and return characteristics of the funds are preserved at all times.
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
2 September 2002
Opening Nav Price
100.00 cents per unit
Fund Size
R 251.3 million
Initial Fee
Class A: 0.00%
Initial Advisory Fee Maximum
Maximum 3.00% (excl. Vat)
Annual Service Fee
Class A: 1.27%, Class A1: 0.63% (Incl.VAT)
Annual Advisory Fee Maximum
Maximum 1.00% (excl. Vat)
Total Expense Ratio
Class A: 2.06%, Class A1: 1.46%
Transaction Cost
Class A: 0.04%, Class A1: 0.04%
Total Investment Charge
Class A: 2.10%, Class A1: 1.50%
Calculation Period
1 Apr 2019 to 31 Mar 2022
Income Declaration Dates
31 March, 30 June, 30 September and 31 December
Last 12 Month Distributions
30/06/2022: (A) 1.28, 31/03/2022: (A) 1.73 31/12/2021: (A) 1.41, 30/09/2021: (A) 1.42
Income Reinvestment / Payout Dates
2nd business day in April, July, October and January
Transaction cut-off time
14:00
Valuation Time
17:00
Frequency of pricing
Our NAV prices are published on our website and in the national newspaper daily.
ASISA Classification
South African – Multi Asset – Low Equity
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