OVERVIEW

Affinity Ci Worldwide Flexible Fund of Funds
February 2024

INFORMATION
DISCLOSURE

Calculation Period
Inception to 31 Dec 2023
Benchmark
MSCI All Country World Index
ASISA Classification
Worldwide - Multi Asset - Flexible
Total Investment Charge
1.16%
Foreign Exposure
The Fund is fully flexible to invest locally or offshore
Risk Profile
High
Transaction Cost
0.00%
Fund Size
R 294.8 million
Total Expense Ratio
1.16%
Equity Exposure
The Fund is fully flexible and has no limitation on asset classes

About

Investment Objective
The portfolio is a worldwide multi asset flexible portfolio and seeks to provide investors with long term capital growth by investing in portfolios across various asset classes, both locally and abroad. The portfolio maintains a high risk profile and will have full flexibility as to whether to invest offshore or locally.
Characteristics
This is a multi-asset fully flexible 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 100% and is fully flexible as to whether to invest offshore or locally. This portfolio may, at the discretion of the portfolio manager, invest up to 100% of the assets outside of South Africa. A fund of funds is a portfolio that invests in portfolios of collective investment schemes, which levy their own charges, which could result in a higher fee structure for the fund of funds.
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, both locally and abroad.

ASSET
ALLOCATION

Foreign Equity
95.78%
Foreign Property
1.59%
Foreign Cash
1.57%
Cash
0.78%
Equity
0.17%
Foreign Bonds
0.08%
Property
0.02%
Africa
0.01%

UNDERLYING
HOLDINGS

International Flexible Growth Fund
73.35%
iShares Edge MSCI World Quality Factor UCITS ETF
10.81%
iShares Edge MSCI World Multifactor UCITS ETF
10.37%
iShares Core MSCI EM IMI UCITS ETF
4.67%
SA Cash
0.79%
Global Cash
0.01%

ANNUALISED
PERFORMANCE

Highest 1 year rolling return
24.36%
Lowest 1 year rolling return
-14.81%
* Benchmark: MSCI All Country World Index
* Asisa: Worldwide - Multi Asset - Flexible

TOP 10 EQUITY
EXPOSURES

1. Scottish Mortgage Trust
3.53%
2. Schroder Asian
3.23%
3. Smithson Investment Trust
2.74%
4. Mid Wynd Intl Inv Trust
1.91%
5. Aberdeen New India Inv Trust
1.77%
6. Microsoft
1.70%
7. NVIDIA Corporation
1.49%
8. Berkshire Hathaway
1.45%
9. Apple Inc.
1.42%
10. Intermediate Capital Group
1.28%
Top 10 equity exposures are one month lagged.

PORTFOLIO
MANAGEMENT

Portfolio Managers
Affinity Capital Management (Pty) Ltd (FSP 47878)
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 2021
Opening Nav Price
100.00 cents per unit
Fund Size
R 294.8 million
Initial Fee
Class I: 0%
Initial Advisory Fee Maximum
Maximum 3.45% (Incl. VAT)
Annual Service Fee
Class I: 0.633% (Incl. VAT)
Annual Advisory Fee Maximum
Maximum 1.15% (Incl. VAT)
Total Expense Ratio
1.16%
Transaction Cost
0.00%
Total Investment Charge
1.16%
Calculation Period
Inception to 31 Dec 2023
Income Declaration Dates
30 June & 31 December
Last 12 Month Distributions
30/06/2023: (I) 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
Worldwide - Multi Asset - Flexible
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