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Kagiso Islamic Equity Fund Summary Fact Sheet
South African--Equity--General

Technical Overview
Formation Date: 13 Jul 2009
Holdings: 88
Original Price: n/a
Pricing System: Forward
Price (A - Class)
Abdulazeez Davids
Abdulazeez joined Kagiso Asset Management in February 2008 as the Head of Research and Portfolio Manager. In addition to his research responsibilities, he currently manages the Kagiso Islamic Funds as well as segregated equity portfolios for institutional clients. Prior to his joining the company, Abdulazeez spent 10 years at Allan Gray where he was a senior investment analyst and portfolio manager.

Kagiso Asset Management

Kagiso Asset Management was established in 2001 as a (51%:49%) joint venture between the Kagiso Group and Coronation Fund Managers. In 2005 Coronation Fund Managers exited our business and Kagiso Asset Management and staff bought 30%. Independent administration and infrastructure was installed in 2006 and full operational independence from Coronation was established.

On 1 October 2010, Kagiso launched its own unit trust management company, Kagiso Collective Investments Limited. Kagiso Collective Investments Limited is a subsidiary of Kagiso Asset Management. The Kagiso unit trust range is offered by Kagiso Collective Investments Limited.

In 2011, management and staff increased their shareholding in Kagiso Asset Management to 49.9%.
Sector: South African-Equity-General
Fund Size: R882 335 057 (as at 30 Sep 2019)
Sector Rank: 36 out of 135
(lump sum over 1 years to 30 Nov 2019)
Overall Rank: 365 out of 929
(lump sum over 1 years to 30 Nov 2019)
R1000 invested on 30 Nov 2018 was worth R1 097.21 on 30 Nov 2019 (9.72% annual compound return)
R100 per month since 30 Nov 2018 was worth R1 254.78 on 30 Nov 2019 (8.22% annual return compounded monthly)
Please note that domestic fund performance figures are calculated on a NAV-NAV basis including dividends reinvested on the reinvestment date, ETFs are reinvested on the ex-div date.
Focus and Objective
The investment objective of the Kagiso Islamic Fund is to provide steady capital growth and a total portfolio return that is better than the average domestic general equity fund. The generation of income is of secondary importance.

In order to achieve these objectives the portfolio will employ a fundamental, bottom-up stock picking strategy, coupled with a proprietary multi-factor investment model and process. The portfolio will generally be fully invested in a diversified portfolio of equity securities, subject to the statutory investment limitations.

The portfolio will have a minimum equity exposure of 75%.

The fund will not invest offshore.

The portfolio will not invest in any interest bearing instruments. The portfolio's main bank account is with ABSA bank, and will make use of ABSA's Islamic banking services which cater specifically to Shariah Fund compliance.

The portfolio may also include participatory interests or any other form of participation in portfolios of collective investment schemes or other similar schemes only where the scheme's initial registration is in South Africa.

Nothing in this supplemental deed shall preclude the manager from varying the ratios of securities, to maximise capital growth and investment potential in a changing economic environment or market conditions or to meet the requirements, if applicable, of any exchange formally recognised in terms of legislation and from retaining cash or placing cash on deposit in terms of the deed and this supplemental deed; provided that the manager shall ensure that the aggregate value of the assets comprising the Kagiso Islamic Equity Fund shall consist of securities and assets in liquid form of the aggregate value required from time to time by the Act.

For the purposes of the Kagiso Islamic Equity Fund the manager shall reserve the right to close the portfolio to new investors. This will be done in order to be able to manage the portfolio in accordance with its mandate. This critical size shall be determined from time to time by the manager.

Shari'ah Compliance: Subject to the provisions of clause 3.1 to 3.5, the Manager shall ensure that the Kagiso Islamic Equity Fund be managed in accordance with the guidelines and standards as set from time to time by the Accounting and Auditing Organization for Islamic Financial Institutions. To comply with these guideline and standards the Manager shall:

Appoint a Shariah Supervisory Board in accordance with the relevant Governance Standards of the Accounting and Auditing Organization for Islamic Financial Institutions; and

On request, make available to each investor in the Kagiso Islamic Equity Fund, together with the annual financial statements of the Kagiso Islamic Equity Fund, a copy of the annual report of the Shariah Supervisory Board referred to in clause 3.6.1 above, which report shall be complied in accordance with the Governance Standards of the Accounting and Auditing Organization for Islamic Financial Institutions.
Latest Fund Manager Comment / News
Kagiso Islamic Equity comment - Sep 17
The fund was up a strong 7.5% this quarter, outperforming the average of other general  ...more
News Archive
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Top Holdings on 30 Sep 2019
Share No Units Value (Rm) % of Fund
U-ISHIYKA 52 040 696 52.63 5.97%
U-GLISEKA 39 578 895 44.28 5.02%
AECI 345 883 33.19 3.76%
NORTHAM 326 895 27.17 3.08%
METAIR 1 157 023 26.61 3.02%
Totals   183.89 20.84%
Comparative Performance
Portfolio Structure as at 30 Sep 2019
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Dividend Data
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Fees and Charges
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Sectoral Information
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