OVERVIEW

APS Ci Equity Fund
April 2024

INFORMATION
DISCLOSURE

Calculation Period
1 Jan 2021 to 31 Dec 2023
Benchmark
FTSE/JSE All Share Index
ASISA Classification
South African – Equity – General
Total Investment Charge
2.27%
Foreign Exposure
Up to 45%
Risk Profile
High
Transaction Cost
0.12%
Fund Size
R 318.6 million
Total Expense Ratio
2.15%
Equity Exposure
The portfolio will have an Equity exposure always exceeding 80% of the portfolio's net asset value

About

Investment Objective
The objective of this portfolio is to provide investors with long term capital growth through investments in a diversified portfolio of equity securities. The portfolio may from time to time invest in listed and unlisted financial instruments, in order to achieve the portfolio's investment objective.
Characteristics
This is an equity portfolio which means that it may invest in a diversified portfolio of equity securities and funds which aims to outperform the FTSE/JSE All Share Index over the long term, and is suitable for investors who are prepared to accept a high level of volatility in seeking long term growth. The portfolio will have a minimum equity exposure of 80%. 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 high, as may invest between 80% and 100% in equity securities, both locally and abroad.

ASSET
ALLOCATION

Global Equity
33.11%
SA Equity
27.98%
SA Equity (Index swaps)
23.78%
SA Cash & Bonds
10.07%
Global Cash
3.04%
SA Property (Index Swaps)
1.25%
SA Property
0.43%
Global Property
0.34%

UNDERLYING
HOLDINGS

SA Equity (Index swap instrument)
25.02%
Global Direct Equity
18.10%
iShares Core MSCI World UCITS ETF
15.40%
Ci Alpha Fund
14.33%
SA Direct Equity
10.03%
SA Cash & Ci Diversified Income Fund
9.76%
Global Cash
2.99%
Ci Engineered Equity Core Fund
2.23%
Ci Equity Fund
2.14%

ANNUALISED
PERFORMANCE

Highest 1 year rolling return
50.85%
Lowest 1 year rolling return
-13.62%
* Benchmark: FTSE/JSE All Share Index
* ASISA: South African – Equity – General

TOP 10 EQUITY
EXPOSURES

1. Naspers
5.58%
2. Gold Fields
3.24%
3. Standard Bank
3.22%
4. Prosus
2.60%
5. Sanlam
2.27%
6. FirstRand
2.01%
7. Alphabet
1.94%
8. Anglo American
1.76%
9. Mastercard
1.68%
10. CF Richemont
1.66%
Top 10 equity exposures are one month lagged.

PORTFOLIO
MANAGEMENT

Portfolio Managers
APS Asset Management (“APS”) is an association of independent financial advisors who specialise in wealth and portfolio management. Each associate is approved as an authorised financial services provider by the Financial Sector Conduct Authority and has been specifically invited to become an associate by the APS board on the basis of the associates' years of experience in the industry, expertise and reputation in the financial services industry. APS is an authorised financial services provider (FSP No. 1722).
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 2011
Opening Nav Price
1556.99 cents per unit (Class A1)
Fund Size
R 318.6 million
Initial Fee
Class A1: 0%
Initial Advisory Fee Maximum
Max 3.45% (Incl. VAT)
Annual Service Fee
Class A1: 1.73% (Incl. VAT)
Annual Advisory Fee Maximum
Max 1.15% (Incl. VAT)
Total Expense Ratio
2.15%
Transaction Cost
0.12%
Total Investment Charge
2.27%
Calculation Period
1 Jan 2021 to 31 Dec 2023
Income Declaration Dates
30 June & 31 December
Last 12 Month Distributions
30/06/2023: (A1) 0.00
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
ASISA Classification
South African – Equity – General
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