OVERVIEW

Roxburgh Ci Worldwide Flexible Fund of Funds
31 March 2024

INFORMATION
DISCLOSURE

Calculation Period
1 Jan 2021 to 31 Dec 2023
Benchmark
CPI for all urban areas + 6% over a rolling 10 year period
ASISA Classification
Worldwide - Multi Asset - Flexible
Total Investment Charge
1.41%
Foreign Exposure
The portfolio is fully flexible to invest locally or offshore
Risk Profile
High
Transaction Cost
0.11%
Fund Size
R 392.5 million
Total Expense Ratio
1.30%
Equity Exposure
The portfolio is fully flexible and has no limitation on asset classes

About

Investment Objective
The objective of this multi asset portfolio is to provide investors with long-term capital growth by investing in portfolios across various asset classes. The portfolio maintains a high risk profile and will have full flexibility as to whether to invest offshore or locally. 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 fully flexible 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 100% and is fully flexible as to whether to invest offshore or locally. This portfolio may, at the discretion of the portfolio manager, invest up to 100% 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 100% in equity securities, both locally and abroad.

ASSET
ALLOCATION

Global Equity
44.42%
Equity
34.42%
Bonds
10.28%
Global Bonds
3.5%
Cash
3.12%
Global Cash
1.69%
Global Property
1.65%
Property
0.92%

UNDERLYING
HOLDINGS

Nedgroup Inv Core Global Feeder Fund
18.13%
10X S&P SA Top 50 Tracker Fund
12.23%
Ninety One Global Franchise Feeder Fund
11.98%
Nedgroup Inv Core Bond Fund
11.63%
PSG Equity Fund
8.01%
Fairtree Equity Prescient Fund
7.68%
Truffle SCI General Equity Fund
7.13%
Dodge & Cox Worldwide Global Stock Fund
6.55%
Coronation Global Emerging Markets Fund
5.31%
Aylett Equity Prescient Fund
5.06%
Nedgroup Inv Global Emerging Markets Equity Feeder Fund
3.93%
Nedgroup Inv Global Emerging Markets Equity Fund
1.22%
SA Cash
1.14%

ANNUALISED
PERFORMANCE

Highest 1 year rolling return
25.18%
Lowest 1 year rolling return
-3.71%
* Benchmark: CPI for all urban areas + 6% over a rolling 10 year period
* Asisa: Worldwide - Multi Asset - Flexible

TOP 10 EQUITY
EXPOSURES

1. Naspers
2.19%
2. Anglo American
2.02%
3. Microsoft
1.81%
4. FirstRand
1.75%
5. Prosus
1.58%
6. British American Tobacco
1.47%
7. Standard Bank
1.42%
8. ASML Holding
1.38%
9. Visa
1.36%
10. ABSA
1.23%
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 July 2020
Opening Nav Price
100.00 cents per unit
Fund Size
R 392.5 million
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
1.30%
Transaction Cost
0.11%
Total Investment Charge
1.41%
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) 1.35, 30/06/2023: (A) 1.85
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
Worldwide - Multi Asset - Flexible
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