OVERVIEW

Quattro Ci Cautious Fund of Funds
January 2024

INFORMATION
DISCLOSURE

Calculation Period
1 Oct 2020 to 30 Sep 2023
Benchmark
CPI for all urban areas + 3% per annum over any rolling 3 year period
ASISA Classification
South African – Multi Asset – Low Equity
Total Investment Charge
1.35%
Foreign Exposure
Up to 45%
Risk Profile
Low
Transaction Cost
0.05%
Fund Size
R 45.0 million
Total Expense Ratio
1.30%
Equity Exposure
The Fund will have a maximum effective exposure of 40% for equity

About

Investment Objective
The objective of this portfolio is to provide investors with income and conservative capital growth with a focus on capital preservation. The composition of the portfolio shall reflect the investment structure of a retirement fund with a low risk profile and will comply with Regulation 28 of the Pension Funds Act.
Characteristics
This is a multi-asset low equity portfolio which means that it may invest in a spectrum of equity, bond, property and money market and tends to display reduced short term volatility and aims for long term capital growth. The portfolio may have a maximum equity exposure of up to 40% 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. 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 low, as it may only invest up to 40% in equity securities, both locally and abroad.

ASSET
ALLOCATION

Bonds
38.35%
Cash
21.16%
Global Equity
15.27%
Equity
13.92%
Global Cash
5.15%
Global Bonds
2.53%
Property
1.76%
Global Property
1.44%
Commodities
0.42%

UNDERLYING
HOLDINGS

Prescient Income Provider Fund
21.10%
ABAX SA Absolute Prescient Fund
20.11%
Amplify SCI Defensive Balanced Fund
15.11%
Quattro Ci Worldwide Flexible Fund of Funds
14.06%
Sygnia Skeleton Balanced 40 Fund
10.13%
Nedgroup Inv Core Guarded Fund
10.10%
Ci SA Cautious Fund
8.06%
SA Cash
1.33%

ANNUALISED
PERFORMANCE

Highest 1 year rolling return
14.84%
Lowest 1 year rolling return
-1.45%
* Benchmark: CPI for all urban areas + 3% per annum over any rolling 3 year period
* Asisa: South African – Multi Asset – Low Equity

TOP 10 EQUITY
EXPOSURES

1. Naspers
1.10%
2. FirstRand
0.96%
3. Prosus
0.71%
4. Standard Bank
0.70%
5. British American Tobacco
0.67%
6. Microsoft
0.57%
7. MTN
0.57%
8. Growthpoint Properties
0.56%
9. Bid Corporation
0.54%
10. Anglo American
0.51%
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 September 2015
Opening Nav Price
100.00 cents per unit
Fund Size
R 45.0 million
Initial Fee
Class A: 0% Class B: 0%
Initial Advisory Fee Maximum
Maximum 3.45% (Incl. VAT)
Annual Service Fee
Class A: 0.690% (Incl. VAT)
Annual Advisory Fee Maximum
Maximum 1.15% (Incl. VAT)
Total Expense Ratio
1.30%
Transaction Cost
0.05%
Total Investment Charge
1.35%
Calculation Period
1 Oct 2020 to 30 Sep 2023
Income Declaration Dates
31 March, 30 June, 30 September and 31 December
Last 12 Month Distributions
29/12/2023: (A) 0.96, 29/09/2023: (A) 1.19 30/06/2023: (A) 2.35, 31/03/2023: (A) 0.81
Income Reinvestment / Payout Dates
2nd working day in April, July, October 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 – Low Equity
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