OVERVIEW

APS Global Flexible Fund
December 2023

INFORMATION
DISCLOSURE

Fund Size
$ 77.9 million
Risk Profile
High
Benchmark
Morningstar EAA USD Flexible Allocation
Total Expense Ratio
1.55%
Equity Exposure
Up to 100%
Calculation Period
1 Oct 2020 to 30 Sep 2023

About

Investment Objective
The investment objective of the Fund is to provide capital growth over a rolling three to five year period. There is no guarantee that the fund will meet its objective.
Characteristics
This is a multi-asset flexible equity portfolio, which means that the portfolio may have a maximum equity exposure of up to 100% at all times. This fund is a specialist fund that seeks to invest primarily in a broad range of unit trusts over most available asset classes.
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 globally.

ASSET
ALLOCATION

Equity
60.93%
Bonds
32.3%
Cash
5.96%
Property
0.8%
Equity
0.01%

UNDERLYING
HOLDINGS

Direct Equity
25.41%
Rubrics Global Credit UCITS Fund
11.69%
iShares World Equity Index Fund
11.66%
iShares USD Ultrashort Bond UCITS ETF
10.20%
iShares USD Floating Rate Bond UCITS ETF
10.19%
Fundsmith Equity Fund
7.29%
iShares U.S. Infrastructure ETF
6.92%
iShares Edge MSCI World Multifactor UCITS ETF
6.73%
Cash
5.86%
iShares MSCI Global Multifactor ETF
4.05%

ANNUALISED
PERFORMANCE

Highest 1 year rolling return
23.43%
Lowest 1 year rolling return
-16.21%
* Benchmark: Morningstar EAA USD Flexible Allocation

TOP 10 EQUITY
EXPOSURES

1. Microsoft Corporation
2.38%
2. Apple Inc.
1.90%
3. NVIDIA Corporation
1.62%
4. Alphabet Inc. Class A
1.40%
5. Moody's Corporation
1.34%
6. TJX Companies Inc
1.27%
7. Starbucks Corporation
1.23%
8. L'Oreal SA
1.11%
9. FactSet Research Systems Inc.
0.99%
10. Johnson & Johnson
0.99%
Top 10 equity exposures are one month lagged.

PORTFOLIO
MANAGEMENT

Investment Manager and Advisor
Ci Global Fund Managers ICC Limited.
Management Company
The fund is a sub-fund of Ci Global Investments RIAIF ICAV, an open-ended umbrella type Irish collective asset-management vehicle with variable capital and with segregated liability between sub-funds, authorised by the Central Bank of Ireland, as a Retail Investor Alternative Investment Fund (“RIAIF”). Sanlam Asset Management (Ireland) Limited, authorised by the Central Bank of Ireland as an Alternative Investment Fund Manager (“AIFM”) is the appointed AIFM to the fund and is licensed as a Financial Services Provider in terms of Section 8 of the South African FAIS Act. This fund is Section 65 approved under the Collective Investment Schemes Control Act 45, 2002 (“CISCA”).

ADDITIONAL
INFORMATION

Launch Date
7 May 2015
Opening Nav Price
$1
Fund Size
$ 77.9 million
Classification
USD Flexible Allocation
Domicile
Ireland
Base Currency
USD
Minimum Initial Investment
$5000
Transaction cut-off time
16h00 (Irish time) on T-1
Valuation time
24h00 (South African time)
Frequency of pricing
Daily on which the banks in Dublin, London and South Africa are open for business
Daily Pricing publication
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Annual fees levied against the Fund (Max % or amount comprising the TER)
Distributor Fee
0.03% net assets p.a.
Administration Fee
Max 0.03% net assets p.a.
Depositary Fee
Max 0.03% net assets p.a.
Registrar and Transfer Agent Fee
Max US$2,500 p.a.
AIFM and IM Fee
0.14% net assets p.a.
Investment Advisor Fee
Class A: 1.20% net assets p.a. Class B: 1.00% net assets p.a.
Performance Fees
N/A
Total Expense Ratio
1.55%
Fees Retail Class (%)
Initial Advice Fee
N/A
Annual Advice Fee
Negotiated fee paid by repurchase of shares