OVERVIEW

Synergy Ci Growth Fund of Funds
April 2024

INFORMATION
DISCLOSURE

Calculation Period
1 Jan 2021 to 31 Dec 2023
Benchmark
Average of the ASISA SA Multi-Asset High Equity category
ASISA Classification
South African – Multi Asset – High Equity
Total Investment Charge
Class A: 1.41%, Class B: 1.38%
Foreign Exposure
Up to 45%
Risk Profile
Moderate to High
Transaction Cost
Class A: 0.08%, Class B: 0.08%
Fund Size
R 977.1 million
Total Expense Ratio
Class A: 1.33%, Class B: 1.30%

About

Investment Objective
The portfolio seeks to provide investors with long term capital growth. The portfolio maintains a moderate to high risk profile and the portfolio's equity exposure will be limited to a maximum of 75% of the portfolio's net asset value. The portfolio will comply with prudential investment guidelines to the extent allowed by the Act. The portfolio may invest in derivatives for the exclusive purpose of hedging exchange rate risk to which assets are directly exposed.
Characteristics
This is a multi-asset high equity portfolio which means that it may invest in a spectrum of investments in the equity, bond, money, or property markets. The portfolio tends to have an increased probability of short term volatility and aims to maximise long term capital growth. The portfolio can have a maximum effective equity exposure (including international equity) of 75% and a maximum effective property exposure (including international property) of 25% at all times. This portfolio may, at the discretion of the portfolio manager, invest up to 45% 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 moderate to high, as it may invest up to 75% in equity securities, both locally and abroad.

ASSET
ALLOCATION

Foreign Equity
38.51%
Equity
33.26%
Bonds
16.28%
Cash
5.32%
Property
5.19%
Foreign Cash
0.66%
Commodities
0.47%
Foreign Property
0.31%

UNDERLYING
HOLDINGS

Global Flexible Growth Fund
39.48%
Ci Equity Fund
23.32%
Ninety One Corporate Bond Fund
13.63%
Ci SA Managed Fund
11.69%
36ONE BCI SA Equity Fund
5.06%
Ci Property Fund
3.67%
SA Cash
3.15%

ANNUALISED
PERFORMANCE

Highest 1 year rolling return
26.45%
Lowest 1 year rolling return
-8.81%
* Benchmark: Average of the ASISA SA Multi-Asset High Equity category
* CPI: SA CPI + 5%

TOP 10 EQUITY
EXPOSURES

1. Naspers
3.37%
2. Aberdeen New India
2.35%
3. FirstRand
1.81%
4. Berkshire Hathaway
1.65%
5. Prosus
1.56%
6. Smithson Investment Trust
1.48%
7. Nepi Rockcastle
1.41%
8. CF Richemont
1.40%
9. Standard Bank
1.33%
10. Visa
1.32%
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 977.1 million
Initial Fee
Class A: 0%
Initial Advisory Fee Maximum
Maximum 3.45% (Incl. VAT)
Annual Service Fee
Class A: 0.92% (Incl. VAT)
Annual Advisory Fee Maximum
Maximum 1.15% (Incl. VAT)
Total Expense Ratio
1.33%
Transaction Cost
0.08%
Total Investment Charge
1.41%
Calculation Period
1 Jan 2021 to 31 Dec 2023
Income Declaration Dates
30 June & 31 December
Last 12 Month Distributions
29/12/2023: (B) 1.43, 30/06/2023: (B) 1.27
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
South African – Multi Asset – High Equity
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