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Prescient Africa Equity Feeder Fund Summary Fact Sheet
Regional--Equity--General
 
Technical Overview
Formation Date: 13 May 2011
Holdings: n/a
Original Price: n/a
Pricing System: Forward
 
Price (A1 - Class)
 
Management
Johan Steyn
 
Ranking
Sector: Regional-Equity-General
Fund Size: R18 946 287 (as at 30 Jun 2018)
Sector Rank: 14 out of 15
(lump sum over 1 years to 30 Sep 2018)
Overall Rank: 1094 out of 1201
(lump sum over 1 years to 30 Sep 2018)
R1000 invested on 30 Sep 2017 was worth R963.58 on 30 Sep 2018 (-3.64% annual compound return)
R100 per month since 30 Sep 2017 was worth R1 162.73 on 30 Sep 2018 (-5.84% 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 PRESCIENT AFRICA EQUITY FUND will be a foreign general equity portfolio. The investment policy will be to focus on achieving medium to long term capital growth for investors where securities normally to be included will be securities of companies which operate businesses in Africa or whose operations predominately operate in African markets.

The portfolio will consist primarily of African securities and assets in liquid form. The securities may be invested across all market sectors as well as across a range of large, mid and smaller cap shares. The country and asset allocation decisions will be determined by the attractiveness of the asset allocation classes across the African continent.

The portfolio is permitted to include investments in offshore jurisdictions subject to the investment conditions determined by the Registrar from time to time. The portfolio is permitted to invest in financial instruments in line with the conditions as determined by the Registrar from time to time.

The portfolio may 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.

Nothing in the supplemental deed 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 or placing cash on deposit 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.

The Trustee shall ensure that the investment policy set out in this supplemental deed, the Deed and in all Supplemental Deeds thereto is carried out.

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.
 
Latest Fund Manager Comment / News
Fund Name Changed
The Prescient Africa Equity Fund will change it's name to Prescient Africa Equity Feeder  ...more
 
News Archive
Click here for complete news archive for this fund.
 
Top Holdings on 30 Jun 2018
Share No Units Value (Rm) % of Fund
PGAEFE 144 962 18.63 98.32%
Totals   18.63 98.32%
 
Comparative Performance
 
Portfolio Structure as at 30 Jun 2018
Click here for complete portfolio for this fund.
 
Dividend Data
Click here for Dividend History for this fund.
 
Fees and Charges
Click here for fees and charges for this fund.
 
Sectoral Information
Click here for Sectoral Information for this fund.
 


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