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-12.78  /  -1.12%

1140.8

NAV on 2021/09/16
NAV on 2021/09/15 1153.58
52 week high on 2021/08/17 1184.4
52 week low on 2020/10/30 998.37
Total Expense Ratio on 2021/06/30 1.17
Total Expense Ratio (performance fee) on 2021/06/30 0
NAV
Incl Dividends
1 month change -3.21% -3.21%
3 month change -0.92% -0.92%
6 month change -2.26% -1.13%
1 year change 8.18% 11.01%
5 year change 1.28% 5.4%
10 year change 0% 0%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Basic Materials 296.03 22.18%
Consumer Discretionary 164.75 12.35%
Derivatives 18.01 1.35%
Energy 4.93 0.37%
Financials 128.25 9.61%
Fixed Interest 142.40 10.67%
Health Care 7.22 0.54%
Industrials 28.89 2.17%
Liquid Assets 172.54 12.93%
Managed 170.33 12.76%
Real Estate 10.93 0.82%
Technology 153.57 11.51%
Telecommunications 36.59 2.74%
  • Top five holdings
U-CAMFORI 170.33 12.76%
 NASPERS-N 143.52 10.75%
U-CISAINC 142.40 10.67%
 BHP 104.52 7.83%
 RICHEMONT 103.78 7.78%
  • Performance against peers
  • Fund data  
Management company:
H4 Collective Investments (RF) Pty Ltd.
Formation date:
2015/02/02
ISIN code:
ZAE000195814
Short name:
U-CSPREQU
Risk:
Unknown
Sector:
South African--Multi Asset--Flexible
Benchmark:
40% STeFI Composite, 60% FTSE/JSE Top 40 Index
Email
info@h4ci.co.za

Website
http://www.peregrine.co.za/

Telephone
021-670-9100

  • Fund management  
George Herman
In 2010, George joined the CAM team as Head of South African Portfolios. He started his financial market career in the capital market in 1988, specialising in derivatives. This led him into the world of structured products. After visiting various trading floors in the United States George became a member of the JSE and launched his career as a proprietary trader. He then went back into banking as an arbitrageur and risk manager. In 2003, George joined the Eskom Pension Fund, where as Chief Dealer and Investment Manager he handled asset allocation, manager selection, tactical overlays and index tracking. George has experience as a banker, stock broker and fund manager. He represents Citadel on the Association for Savings and Investment South Africa (ASISA) Investment Board and Fixed Income Standing Committees.


  • Fund manager's comment

Citadel SA Protected Equity Comment - Dec 19

2020/02/19 00:00:00
The Citadel SA Protected Equity H4 Fund (‘the fund’) gained 4.1% in Q4-2019, ahead of its composite benchmark which delivered 3.4%. The FTSE/JSE Top 40 Index rose 4.5% during the quarter, predominantly led by basic materials stocks. This resulted in fewer spikes in equity market volatility. The option structures, and the fund’s resulting protective nature, are designed to provide investors with an element of protection in market environments characterised by heightened volatility. The manager took the opportunity to adjust the fund’s net equity exposure during the quarter. The fund remains strategically positioned, through the option structures in place; and maintains an attractive payoff profile should the FTSE/JSE Top 40 Index retrace from current levels. The fund continues to adhere to its policy.
  • Fund focus and objective  
The Citadel SA Managed Volatility Equity H4 Fund is a specialist flexible multi-asset equity portfolio, having the primary objective of achieving equitylike returns over the long term, at a lower level of volatility. The portfolio is a long-only equity portfolio, utilizing actively managed derivative hedging strategies to reduce volatility.
The Manager will also employ lower risk beta strategies to obtain equity and market exposure and will also ensure that the portfolio is permanently hedged which will further reduce volatility and drawdown on equity positions. The portfolio's investment universe will comprise primarily of listed equity securities but may also include fixed interest securities, listed real estate, money market instruments, debentures, non-equity securities and assets in liquid form. The selected sectors within the equity portion of the portfolio will change from time to time in accordance with changing market conditions and economic trends.
The portfolio is also allowed to invest in listed and unlisted financial instruments for the purpose of efficient portfolio management only. Apart from the above, the portfolio may also invest in participatory interests of portfolios of collective investment schemes 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/custodian of a sufficient standard to provide for investor protection which is at least equivalent to that in South Africa.
The portfolio is permitted to invest in offshore investments as legislation permits. Nothing contained in this clause shall preclude the Manager from varying the proportions of securities in the portfolio due to the changing of economic factors or market conditions or from retaining cash in the portfolio and/or placing cash on deposit. The Trustee/Custodian shall ensure that the investment policy set out in the preceding clauses is adhered to by the Manager. 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, re-open that portfolio again to new investors on a date determined by the Manager.
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