OVERVIEW

APS Ci Managed Growth Fund

31 January 2025

INFORMATION DISCLOSURE

Fund Size

R 971.0 million

Risk Profile

High

ASISA Classification

South African – Multi Asset – High Equity

Benchmark

CPI for all urban areas + 6% p.a. over a rolling 5 year period

Total Expense Ratio

1.86%

Transaction Cost

0.08%

Total Investment Charge

1.94%

Calculation Period

1 Oct 2021 to 30 Sep 2024

Foreign Exposure

Up to 45%

Equity Exposure

The portfolio will have an Equity exposure between 0% and 75% at all times

ABOUT

Investment Objective

The objective of this portfolio is to provide investors with maximum long-term capital growth from a portfolio that maintains a moderate to high risk profile. Income will not be an objective of this portfolio. The composition of the portfolio shall reflect the investment structure of a retirement fund with a moderate to high risk profile and will comply with Regulation 28 of the Pension Funds Act. 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 a multi-asset high equity portfolio which means that it may invest in a spectrum of equity, bond, property and money market and aims to achieve total returns in excess of inflation (CPI) + 6% over rolling 5 years and is ideal for aggressive investors seeking 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.

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 up to 75% in equity securities, both locally and abroad.

ASSET ALLOCATION

UNDERLYING HOLDINGS

  • APS Global Flexible Fund

    20.31%

  • APS Ci Global Flexible Feeder Fund

    20.19%

  • Direct Equity (Hedged)

    16.85%

  • SA Direct Equity

    10.38%

  • Ci Alpha Fund

    10.32%

  • SA Cash & Ci Diversified Income Fund

    7.86%

  • Ci Equity Fund

    6.70%

  • Ci Engineered Equity Core Fund

    5.18%

  • Global Cash

    1.51%

  • STANLIB Corporate Money Market Fund

    0.70%

ANNUALISED PERFORMANCE

Highest 1 year rolling return

35.47%

Lowest 1 year rolling return

-11.54%

TOP 10 EQUITY EXPOSURES

  • 1. Naspers

    3.02%

  • 2. Standard Bank

    2.87%

  • 3. Capitec

    2.41%

  • 4. Prosus

    2.09%

  • 5. Clicks

    1.92%

  • 6. FirstRand

    1.76%

  • 7. Mr Price

    1.63%

  • 8. Sanlam

    1.62%

  • 9. Harmony Gold

    1.49%

  • 10. British American Tobacco

    1.48%

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

01 November 2006

Opening Nav Price

1787.13 cents per unit (Class A1)

Fund Size

R 971.0 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

1.86%

Transaction Cost

0.08%

Total Investment Charge

1.94%

Calculation Period

1 Oct 2021 to 30 Sep 2024

Income Declaration Dates

30 June & 31 December

Last 12 Month Distributions

31/12/2024: (A1) 14.41, 28/06/2024: (A1) 13.86

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

ASISA Classification

South African – Multi Asset – High Equity