OVERVIEW

Chrome Ci Growth Fund
May 2024

INFORMATION
DISCLOSURE

Calculation Period
1 Apr 2021 to 31 Mar 2024
Benchmark
SA CPI + 4%
ASISA Classification
South African – Multi Asset – High Equity
Total Investment Charge
1.14%
Foreign Exposure
Up to 45%
Risk Profile
High
Transaction Cost
0.12%
Fund Size
R 1.2 billion
Total Expense Ratio
1.02%

About

Investment Objective
The objective of this portfolio is to provide investors with long term capital growth and aims to target inflation plus 4 - 5% over periods of seven years and longer. The portfolio maintains a higher risk profile and equity exposure will be limited to a maximum of 75% 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 high equity 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 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 it may invest up to 75% in equity securities, both locally and abroad.

ASSET
ALLOCATION

Global Equity
34.82%
Local Equity
18.43%
Local Equity (Derivatives)
15.66%
Local Bonds
14.75%
Global Bonds
5.69%
Global Property
3.48%
Local Property
3.26%
Local Cash
2.37%
Global Cash
0.78%
Local Property (Derivatives)
0.76%

UNDERLYING
HOLDINGS

Ci Global ICAV - Global Maximum Return Fund
19.29%
Direct Equity (Hedged)
16.42%
SA Bonds
12.29%
Ci Global ICAV - Global Inflation Plus Fund
9.20%
Chrome Ci Global Maximum Return Feeder Fund
8.44%
Chrome Ci Global Inflation Plus Feeder Fund
6.68%
36ONE BCI SA Equity Fund
5.62%
Fairtree Equity Prescient Fund
5.57%
Truffle SCI SA Equity Fund
5.57%
Direct Property
2.87%
Ci Diversified Income Fund
2.30%
Ci Equity Fund
2.24%
SA Cash
1.48%
iShares Global REIT ETF
1.36%
Satrix Bond Index Fund
0.65%

ANNUALISED
PERFORMANCE

Highest 1 year rolling return
28.80%
Lowest 1 year rolling return
-7.12%
* Benchmark: SA CPI + 4%
* Asisa: South African – Multi Asset – High Equity

TOP 10 EQUITY
EXPOSURES

1. Berkshire Hathaway
3.03%
2. Naspers
2.10%
3. Prosus
1.43%
4. Microsoft
1.28%
5. FirstRand
1.13%
6. Anglo American
1.10%
7. ABSA
0.96%
8. Gold Fields
0.95%
9. Novo Nordisk
0.82%
10. Apple
0.81%
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 December 2017
Opening Nav Price
100.00 cents per unit
Fund Size
R 1.2 billion
Initial Fee
Class A: 0%, Class G: 0%
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
1.02%
Transaction Cost
0.12%
Total Investment Charge
1.14%
Calculation Period
1 Apr 2021 to 31 Mar 2024
Income Declaration Dates
30 June & 31 December
Last 12 Month Distributions
29/12/2023: (A) 1.49, 30/06/2023: (A) 1.66
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
South African – Multi Asset – High Equity
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