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2.66  /  0.19%

13.7057

NAV (ZAR) on 2024/09/12
NAV (ZAR) on 2024/09/11 13.6791
52 week high on 2024/09/12 13.7057
52 week low on 2023/10/27 11.7770
Total Expense Ratio on 2024/03/31 1.02
Total Expense Ratio (performance fee) on 2024/03/31 0
NAV
Incl Dividends
1 month change 4.83% 4.83%
3 month change 2.86% 4.78%
6 month change 5.39% 7.36%
1 year change 11% 14.62%
5 year change 6.02% 9.47%
10 year change 0% 0%
Price data is updated once a day.
Unit trust and ETF performances for periods greater than 12 months are annualised.

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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  • Fund focus and objective  
The Glacier AI Flexible Fund of Funds is a portfolio with flexible risk characteristics and investments are diversified across the cash, fixed interest, equity and property assets. The portfolio will invest up to the maximum allowable limits set by regulation. The Fund has a multi asset flexible mandate that allows it to have up to 100% equity exposure. The primary objective of the fund is to provide superior capital growth over the medium to long term in a flexible mandate primarily using collective investment scheme (“CIS”) portfolios and Artificial Intelligence (“AI”) as an investment tool.
Investments to be included in the portfolio will, apart from assets in liquid form and exchange rate swaps consist of participatory interests in portfolios of collective investment schemes, including exchange traded funds registered in the Republic of South Africa or of participatory interests in collective investment schemes or other similar schemes operated in territories with a regulatory environment which is to the satisfaction of the manager and the trustee of a sufficient standard to provide investor protection which is at least equivalent to that in South Africa.
The investment will at all times consist of participatory interests in at least two other portfolios, provided that the investment in any one portfolio may not exceed 75 percent of the market value of the fund of funds. The portfolio's asset allocation will be actively managed and will continuously reflect changing market conditions and the artificial intelligence machine's view of the relative attractiveness of asset classes, both locally and abroad. The allocation to Collective Investment Schemes will be within the parameters of a multi-asset flexible fund of fund mandate and given regulatory limits governing allowable underlying constituents, asset class limits and offshore exposure.
The Fund is managed utilising a multi-purpose AI machine learning investment engine. The AI engine is designed to develop its own knowledge from data, to self-adjust based on experience, and to minimize real investor risk i.e. the risk of capital loss, in all or most market conditions. It is designed to dynamically detect changing relationships between past and future prices and construct effective price and risk models at each prediction and allocation instance to exploit the available opportunities. The AI engine will interpret and analyse the data and optimise the allocation to CIS portfolios. The allocation to the CIS portfolios will be within the parameters of the flexible fund mandate and applicable regulatory limits. The AI engine integrates three major components: a data processor, a price predictor and a risk allocator, generating a complex statistical thinking process from raw data input to the determination of optimal portfolio weightings. While the AI engine operates autonomously, it is subject to human oversight and trade execution.
The Manager will be permitted to invest on behalf of the Glacier AI Flexible Fund of Funds in offshore investments as legislation permits. The Trustee shall ensure that the investment policy set out in the preceding clauses are adhered to; provided that nothing contained in this clause shall preclude the Manager from varying the proportions of securities in terms of changing economic factors or market conditions or from retaining cash in the portfolio and/or placing cash on deposit. For the purpose of this portfolio, the 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.

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