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MitonOptimal IP Smart Equity Fund Summary Fact Sheet
South African--Equity--General
Technical Overview
Formation Date: 29 Jan 2013
Holdings: n/a
Original Price: n/a
Pricing System: Forward
Aaron Masina, BCom (Stats, Eco), CFA
Aaron joined Prescient Securities in 2003 as derivatives dealer and research analyst after completing his RPE exams with responsibilities in the portfolio protection strategies area. He later joined Prescient Investment Management in an index tracking role. At the beginning of 2006, he joined Vunani Fund Managers (formerly Peregrine Quants) in a portfolio manager role, encompassing all asset classes and also performed the role of a backup dealer. Aaron was awarded the right to use the CFA Charter in 2010 after he successfully passed all 3 exams and complied with other requirements. After being part of a team that endeavoured to start their own investment boutique towards the end of 2010; Aaron joined Absa Alternative Asset Management in 2011 as a portfolio manager and is currently responsible for Fixed Interest and Property strategies and their related hedge fund and passive strategies.
Sector: South African-Equity-General
Fund Size: R42 704 616 (as at 31 Dec 2016)
Focus and Objective
The MitonOptimal IP Smart Equity Fund is a domestic, general equity portfolio. The investment objective of the MitonOptimal IP Smart Equity Fund is to maximise long term total returns by outperforming the FTSE JSE Top 40 Index.

The portfolio manager will use a proprietary, quantitative process to select the securities that will normally be included in the portfolio. A minimum of 80% of the market value of the portfolio will be invested in securities selected from the FTSE JSE Top 40 Index. The remainder of the portfolios assets will comprise equity securities listed on the JSE Securities Exchange, and assets in liquid form, all to be acquired at fair market prices. The portfolio will be limited to 65 securities at any point. Listed property securities are permitted but no offshore or fixed interest securities or are to be included in the portfolio.

The portfolio may also include participatory interests or any other form of participation in portfolios of collective investment schemes or other similar schemes only in the Republic of South Africa.

The Manager may from time to time invest in listed and unlisted financial instruments, in accordance with the provisions of the Act, and the Regulations thereto, as amended from time to time, in order to achieve the portfolio's investment objective.

Nothing in this supplemental deed shall preclude the manager from varying the ratio of securities, to achieve the investment objective in a changing economic environment or market conditions or to meet the requirements, if applicable, of any exchange 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 portfolio shall consist of securities and assets in liquid form of the aggregate value required from time to time by the Act.

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.

The trustee shall ensure that the investment policy set out in this supplemental deed is adhered to.
Latest Fund Manager Comment / News
MitonOptimal IP Smart Equity Fund comment - Sep 13
August was a 3rd consecutive positive month for the equity market as the Top40 close  ...more
News Archive
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Top Holdings on 31 Dec 2016
Share No Units Value (Rm) % of Fund
NASPERS-N 2 701 5.44 12.74%
BHP 13 295 2.91 6.81%
RICHEMONT 31 546 2.86 6.70%
ANGLO 8 316 1.62 3.80%
MTN GROUP 11 052 1.39 3.27%
Totals   14.23 33.31%
Comparative Performance
Portfolio Structure as at 31 Dec 2016
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Dividend Data
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Fees and Charges
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Sectoral Information
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