OVERVIEW

Roxburgh Ci Balanced Plus Fund of Funds
31 March 2024

INFORMATION
DISCLOSURE

Calculation Period
1 Jan 2021 to 31 Dec 2023
Benchmark
CPI for all urban areas + 4% p.a. over a rolling 5 year period
ASISA Classification
South African – Multi Asset – High Equity
Total Investment Charge
1.36%
Foreign Exposure
Up to 45%
Risk Profile
High
Transaction Cost
0.12%
Fund Size
R 1.1 billion
Total Expense Ratio
1.24%
Equity Exposure
The Fund 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 Fund may invest in derivatives for the exclusive purpose of hedging exchange rate risk to which assets are directly exposed.
Characteristics
This is a multi-asset high equity portfolio which means that it may invest in a spectrum of investments in the equity, bond, money, or property markets. The portfolio tends to have an increased probability of short term volatility and aims to maximise long term capital growth. The portfolio can have a maximum effective equity exposure of up to 75% and a maximum effective property exposure of up to 25% at all times. 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

Equity
35.19%
Global Equity
31.27%
Bonds
21.76%
Cash
4.96%
Global Bonds
3.02%
Global Cash
1.65%
Global Property
1.2%
Property
0.95%

UNDERLYING
HOLDINGS

Nedgroup Inv Core Bond Fund
15.40%
10X S&P SA Top 50 Tracker Fund
10.12%
Nedgroup Inv Core Global Fund
9.73%
Fairtree Equity Prescient Fund
9.49%
PSG Equity Fund
8.20%
Aylett Equity Prescient Fund
8.07%
Ninety One GSF Global Franchise Fund
7.96%
Roxburgh Ci Income Fund
7.75%
Truffle SCI General Equity Fund
6.20%
Dodge & Cox Worldwide Global Stock Fund
5.27%
Coronation Global Emerging Markets Fund
4.08%
Nedgroup Inv Core Global Feeder Fund
3.99%
Ninety One Diversified Income Fund
2.92%
SA Cash
0.82%

ANNUALISED
PERFORMANCE

Highest 1 year rolling return
37.45%
Lowest 1 year rolling return
-11.71%
* Benchmark: CPI for all urban areas + 4% p.a. over a rolling 5 year period
* Asisa: South African – Multi Asset – High Equity

TOP 10 EQUITY
EXPOSURES

1. Naspers
2.11%
2. Anglo American
2.06%
3. FirstRand
1.68%
4. British American Tobacco
1.66%
5. Prosus
1.59%
6. Standard Bank
1.42%
7. Microsoft
1.27%
8. AB InBev
1.21%
9. ABSA
1.19%
10. Gold Fields
1.18%
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 March 2016
Opening Nav Price
100.00 cents per unit
Fund Size
R 1.1 billion
Initial Fee
Class A: 0%, Class B: 0%
Initial Advisory Fee Maximum
0% - 3.45% (Incl. VAT)
Annual Service Fee
Class A: 0.690% (Incl. VAT), Class B: 0.633% (Incl. VAT)
Annual Advisory Fee Maximum
Maximum 1.15% (Incl. VAT)
Total Expense Ratio
1.24%
Transaction Cost
0.12%
Total Investment Charge
1.36%
Calculation Period
1 Jan 2021 to 31 Dec 2023
Income Declaration Dates
30 June and 31 December
Last 12 Month Distributions
29/12/2023: (A) 2.00, 30/06/2023: (A) 2.41
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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