0.31 /
0.27%
1.1311
NAV (ZAR) on 2024/09/13
NAV (ZAR) on 2024/09/12 |
1.1280 |
52 week high on 2024/08/27 |
1.1598 |
52 week low on 2023/11/01 |
0.9802 |
Total Expense Ratio on 2024/06/30 |
1.25 |
Total Expense Ratio (performance fee) on 2024/06/30 |
0 |
Here is a list of JSE shares held in this Unit Trust. These tables reflect changes in holdings over two quarters, but do not show where a fund has completely sold a holding during the latest quarter.
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The portfolio aims to deliver long-term capital growth that is superior to the returns of the FTSE / JSE Capped SWIX while maintaining lower volatility. Our investment strategy aims to deliver safety of capital in down markets and dependable long-term growth. This will be achieved by selecting stocks that offer the highest intrinsic valuation upside relative to their quality as measured through the Benguela Proprietary Quality Score. The portfolio will predominately invest in South African markets, but is however permitted to include investments in offshore jurisdictions subject to the investment conditions determined by the regulator from time to time. The portfolio is permitted to invest in listed and unlisted financial instruments in line with the conditions as determined by legislation from time to time in order to achieve the investment objective.
The portfolio may apart from assets in liquid form also include participatory interests or any other form of participation in portfolios of collective investment schemes or other similar schemes. Where the aforementioned schemes are operated in territories other than in South Africa, participatory interests or any other form of participation in these schemes will be included in the portfolio only where the regulatory environment is to the satisfaction of the manager and trustee and is of a sufficient standard to provide investor protection at least equivalent to that in South Africa.
The Trustee shall ensure that the investment policy set out in the preceding clauses are adhered to; provided that nothing contained in the clauses shall preclude the manager from varying the ratios of securities, to maximise capital growth and investment potential in changing economic environments or market conditions or to meet the requirements, if applicable, of any exchange formally recognised in terms of legislation and from retaining cash in terms of the Deed and any Supplemental Deeds thereto; provided that the manager shall ensure that the aggregate value of the assets comprising the portfolio shall consist of securities of the aggregate value required from time to time by the Act.
For the purpose of this portfolio, the manager in consultation with the investment manager shall reserve the right to close the portfolio to new investors on a date determined by the manager. This will be done in order to be able to manage the portfolio in accordance with its mandate. The manager may, once a portfolio has been closed, open that portfolio again to new investors on a date determined by the manager.