OVERVIEW

Chrome Ci Defensive Fund

31 October 2024

INFORMATION DISCLOSURE

Fund Size

R 260.4 million

Risk Profile

Moderate

ASISA Classification

South African – Multi Asset – Medium Equity

Benchmark

SA CPI + 2%

Total Expense Ratio

0.98%

Transaction Cost

0.08%

Total Investment Charge

1.06%

Calculation Period

1 Jul 2021 to 30 Jun 2024

Foreign Exposure

Up to 45%

Equity Exposure

Up to 60%

ABOUT

Investment Objective

The objective of this portfolio is to provide investors with fairly steady capital growth while maintaining a high level of income and aims to target inflation plus 2-3% over periods of three years and longer. Capital preservation is a high priority. The portfolio maintains a moderate risk profile and equity exposure will be limited to a maximum of 60% of the portfolio’s net asset value 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 medium equity portfolio which means that it may invest in a spectrum of equity, bond, property and money market and tends to display average volatility and aims for medium to long term capital growth. The portfolio may have a maximum equity exposure of up to 60% and a maximum property exposure of 25% at all times 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 moderate, as it may only invest up to 60% in equity securities, both locally and abroad.

ASSET ALLOCATION

UNDERLYING HOLDINGS

  • SA Bonds

    22.28%

  • Global Inflation Plus Fund

    19.60%

  • Ci Diversified Income Fund

    19.54%

  • Chrome Ci Global Inflation Plus Feeder Fund

    14.83%

  • Ci Equity Fund

    6.17%

  • Nedgroup Inv Core Income Fund

    3.70%

  • 36ONE BCI SA Equity Fund

    2.40%

  • Fairtree Equity Prescient Fund

    2.34%

  • Ci Engineered Equity Core Fund

    2.32%

  • Truffle SCI SA Equity Fund

    2.31%

  • Satrix Bond Index Fund

    1.97%

  • Direct Property

    1.35%

  • SA Cash

    1.18%

  • Global Cash

    0.01%

ANNUALISED PERFORMANCE

Highest 1 year rolling return

16.86%

Lowest 1 year rolling return

-3.03%

TOP 10 EQUITY EXPOSURES

  • 1. Berkshire Hathaway

    1.65%

  • 2. Naspers

    1.45%

  • 3. Standard Bank

    0.91%

  • 4. FirstRand

    0.89%

  • 5. Microsoft

    0.78%

  • 6. Prosus

    0.71%

  • 7. Capitec

    0.68%

  • 8. Apple

    0.64%

  • 9. Sanlam

    0.59%

  • 10. NVIDIA Corporation

    0.54%

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

01 December 2017

Opening Nav Price

100.00 cents per unit

Fund Size

R 260.4 million

Initial Fee

0.00%

Initial Advisory Fee Maximum

Maximum 3.45% (Incl. VAT)

Annual Service Fee

Class A: 0.633%, Class G: 0.771% (Incl. VAT)

Annual Advisory Fee Maximum

Maximum 1.15% (Incl. VAT)

Total Expense Ratio

0.98%

Transaction Cost

0.08%

Total Investment Charge

1.06%

Calculation Period

1 Jul 2021 to 30 Jun 2024

Income Declaration Dates

30 June & 31 December

Last 12 Month Distributions

28/06/2024: (A) 2.74, 29/12/2023: (A) 2.28

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 and in the national newspapers

ASISA Classification

South African – Multi Asset – Medium Equity