OVERVIEW

Synergy Ci Global Flexible Growth Feeder Fund
April 2024

INFORMATION
DISCLOSURE

Calculation Period
1 Jan 2021 to 31 Dec 2023
Benchmark
Morningstar EAA USD Aggressive Allocation (ZAR)
ASISA Classification
Global – Multi Asset – Flexible
Total Investment Charge
Class B: 1.34%, Class A: 1.83%
Foreign Exposure
The portfolio has a minimum offshore exposure of 80%.
Risk Profile
High
Transaction Cost
Class B: 0.02%, Class A: 0.11%
Fund Size
R 518.8 million
Total Expense Ratio
Class B: 1.32%, Class A: 1.72%

About

Investment Objective
The Synergy Ci Global Flexible Growth Feeder Fund is a Feeder Fund. The investment objective of the portfolio is to provide long term capital growth, 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 Global Flexible Growth Fund, the target portfolio, is aimed at investors who can tolerate higher risk, as explained only by volatility, as it invests offshore and may have a maximum of 100% exposure to equities. The Fund may invest in derivatives for the exclusive purpose of hedging exchange rate risk to which assets are directly exposed. The Synergy Ci Worldwide Flexible Fund of Funds changed to the Synergy Ci Global Flexible Growth Feeder Fund on 1 September 2021.
Characteristics
The fund invests in a global multi-asset flexible portfolio, aimed at outperforming the MSCI World over the long term. The portfolio may invest between 80% and 100% of the assets outside of South Africa, and 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 charges, 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 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
96.16%
Foreign Cash
1.64%
Cash
1.42%
Foreign Property
0.78%

UNDERLYING
HOLDINGS

Global Flexible Growth Fund
98.58%
SA Cash
1.42%

ANNUALISED
PERFORMANCE

Highest 1 year rolling return
33.40%
Lowest 1 year rolling return
-10.00%
* Benchmark: Morningstar EAA USD Aggressive Allocation (ZAR)
* CPI: Global – Multi Asset – Flexible

TOP 10 EQUITY
EXPOSURES

1. Aberdeen New India
5.65%
2. Berkshire Hathaway
3.96%
3. Smithson Investment Trust
3.57%
4. Visa
3.16%
5. Alphabet
3.05%
6. Microsoft
2.64%
7. Johnson & Johnson
2.46%
8. Mastercard
2.35%
9. Novo Nordisk
2.31%
10. NVIDIA
2.27%
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 March 2019
Opening Nav Price
100.00 cents per unit
Fund Size
R 518.8 million
Initial Fee
Class B: 0%
Initial Advisory Fee Maximum
Maximum 3.45% (Incl. VAT)
Annual Service Fee
Class B: 0.345% (Incl. VAT)
Annual Advisory Fee Maximum
Maximum 1.15% (Incl. VAT)
Total Expense Ratio
Class B: 1.32%, Class A: 1.72%
Transaction Cost
Class B: 0.02%, Class A: 0.11%
Total Investment Charge
Class B: 1.34%, Class A: 1.83%
Calculation Period
1 Jan 2021 to 31 Dec 2023
Income Declaration Dates
30 June & 31 December
Last 12 Month Distributions
No distributions since fund launch date
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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