NAV on 2021/09/17
|NAV on 2021/09/16
|52 week high on 2021/09/01
|52 week low on 2020/10/30
|Total Expense Ratio on 2021/06/30
|Total Expense Ratio (performance fee) on 2021/06/30
27four Collective Investments (RF) (Pty) Ltd.
FTSE/JSE Capped Shareholders Weighted All Share Index
Zwelakhe is the Chief Investment Officer, Director and co-founder of Benguela Global Fund Managers (Pty) Ltd. He has over 14 years of investment experience. Most recently Zwelakhe spent 3 years as Head of Equities and Portfolio Manager at Mergence Investment Managers (Pty) Ltd where he successfully managed the equity mandates for clients. Mergence's investment products include segregated investment portfolios and pooled investment portfolios with total assets under management of around US$ 1.2 billion. Prior to Mergence, Zwelakhe was Portfolio Manager and Equity Analyst at Stanlib where he managed the Global Science and Technology Fund as well as co-managing the Stanlib Value Fund. Prior to this he spent 4 years at Allan Gray as an Equity Analyst. Zwelakhe has an excellent record as a portfolio manager. Zwelakhe holds a BCom Hons degree in financial management.
Karl is the Head of Research, Director and co-founder of Benguela. Karl has more than 15 years finance and investment experience. Most recently Karl successfully co-managed the equity funds at Mergence Investment Managers (Pty) Ltd. Prior to Mergence, Karl spent 4 years in London where he worked as an analyst at Blue Bay Asset Management Plc (a global asset manager with over US$ 50 billion under management) and Lonrho Plc (Pan-African conglomerate).
No fund manager's comment available.
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.