OVERVIEW

Affinity Ci International Flexible Growth Feeder Fund
February 2024

INFORMATION
DISCLOSURE

Calculation Period
Inception to 31 Dec 2023
Benchmark
G7 Inflation (ZAR)
ASISA Classification
Global – Multi Asset – Flexible
Total Investment Charge
1.33%
Foreign Exposure
80% - 100%
Risk Profile
High
Transaction Cost
0.03%
Fund Size
R 444.0 million
Total Expense Ratio
1.30%
Equity Exposure
40% - 100%

About

Investment Objective
The Affinity Ci International Flexible Growth Feeder Fund is a Feeder Fund. The investment objective of the portfolio is to provide long term capital growth in excess of G7 inflation, by providing investors with exposure to an international collective investment scheme portfolio comprising of a diversified mix of global exposure to various asset classes. The International Flexible Growth Fund, the target portfolio, will diversify investments across various asset classes and depending on the economic cycle, may be invested between 40% and 100% in global equities. Overall, this blend of asset classes is expected to be towards the higher end of the risk/return scale.
Characteristics
The fund invests in a global multi-asset flexible portfolio, aimed at outperforming G7 Inflation over the long term. The portfolio may have a maximum equity exposure of up to 100% at all times, and is suitable for investors who are prepared to accept a high level of volatility in seeking long term growth. Investors in this fund should be willing to accept a higher calculated risk. A feeder fund is a portfolio that invests in a single portfolio of a collective investment scheme, which levies its own charge, which could result in a higher fee structure for the feeder fund.
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 fund with a higher risk profile. The risk profile for this fund is rated as high, as it may invest up to 100% in equity securities, both locally and abroad. The risk refers only to volatility.

ASSET
ALLOCATION

Foreign Equity
95.58%
Foreign Cash
2.05%
Foreign Property
1.39%
Cash
0.83%
Foreign Bonds
0.08%
Equity
0.05%
Property
0.02%

UNDERLYING
HOLDINGS

International Flexible Growth Fund
99.16%
SA Cash
0.84%

ANNUALISED
PERFORMANCE

Highest 1 year rolling return
22.26%
Lowest 1 year rolling return
-16.14%
* Benchmark: G7 Inflation (ZAR)
* Asisa: Global – Multi Asset – Flexible

TOP 10 EQUITY
EXPOSURES

1. Scottish Mortgage Trust
4.80%
2. Schroder Asian
4.39%
3. Smithson Investment Trust
3.73%
4. Mid Wynd Intl Inv Trust
2.60%
5. Aberdeen New India Inv
2.41%
6. Berkshire Hathaway
1.97%
7. Intermediate Capital Group
1.74%
8. Pacific Horizon Inv Trust
1.61%
9. Partners Grp Hold
1.57%
10. Brookfield Corp
1.49%
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 February 2021
Opening Nav Price
100.00 cents per unit
Fund Size
R 444.0 million
Initial Fee
Class A: 0%, Class B: 0%
Initial Advisory Fee Maximum
Maximum 3.45% (Incl. VAT)
Annual Service Fee
Class A: 0.23%, Class B: 0.17% (Both Incl. VAT)
Annual Advisory Fee Maximum
Maximum 1.15% (Incl. VAT)
Total Expense Ratio
1.30%
Transaction Cost
0.03%
Total Investment Charge
1.33%
Calculation Period
Inception to 31 Dec 2023
Income Declaration Dates
30 June & 31 December
Last 12 Month Distributions
30/06/2023: (A) 0.00
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 newspaper
ASISA Classification
Global – Multi Asset – Flexible
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