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Sage Sanlam Collective Investments Protection Solution FoF Summary Fact Sheet
South African--Multi Asset--Low Equity
Technical Overview
Formation Date: 1 Nov 2006
Holdings: 9
Original Price: n/a
Pricing System: Forward
Price (A2 - Class)
 Sage Wealth Management Proprietary Limited
Sector: South African-Multi Asset-Low Equity
Fund Size: R189 642 681 (as at 30 Jun 2019)
Sector Rank: 116 out of 148
(lump sum over 1 years to 31 Jul 2019)
Overall Rank: 700 out of 1262
(lump sum over 1 years to 31 Jul 2019)
R1000 invested on 31 Jul 2018 was worth R1 034.79 on 31 Jul 2019 (3.48% annual compound return)
R100 per month since 31 Jul 2018 was worth R1 227.26 on 31 Jul 2019 (4.14% 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 objective of the Sage Sanlam Collective Investments Protection Solution Fund of Funds is to protect capital and to offer a return of at least CPI plus 3% over a rolling three year period. The portfolio will aim never to have a negative return over a one year period.

The investment manager, Sage Wealth Management (Pty) Ltd follows the multi manager style of investing and will invest the portfolio in the participatory interests of various collective investment schemes managed by different specialist investment managers. The target of CPI plus 3% will be achieved through the construction of a portfolio with a strategic asset allocation appropriate for a CPI plus 3% return objective.

The objective will be achieved by investing in assets in liquid form, and participatory interests or any other form of participation in collective investment scheme portfolios or other similar collective investment schemes the Act may allow from time to time, managed by specialist investment managers. In line with the multi manager investment philosophy, the portfolio will be constructed to achieve diversification across different asset classes as well as different investment managers and investment processes. The philosophy therefore categorically excludes the possibility of the portfolio only investing in underlying collective investment schemes of just one manager. Key value proportions are the selection of multiple specialist investment managers as well as the combination of these managers into optimal portfolio structures in order to achieve the investment objective.

The strategic asset allocation will be achieved by combining participatory interests of collective investment scheme portfolios managed by specialist investment managers who use different and uncorrelated investment strategies.

The portfolio will be investing in participatory interests of portfolios which provide exposure to a flexible combination of equity, bonds, money market instruments, non-equity and property, as well as to various absolute return investment strategies.

The asset allocation will be actively managed by the multi-manager to reflect its view of the changing economic and market conditions. The portfolio will have an equity exposure of maximum 40% at all times, depending on the investment manager's investment strategy for a CPI plus 3% return objective at the time. This portfolio is part of a range of risk profiled, multi managed fund of funds portfolios and the SMMI house view tactical asset allocation given specific market conditions will be applied uniformly to the range of portfolios. Therefore, should the house view be bullish on equities, the tactical allocation to equities will increase across the range of portfolios in line with their respective maximum equity exposure limitations, whilst equities exposure will decrease uniformly across all three portfolios should the house view be bearish on equities. Given the application of the SMMI house view exposure approach it is highly unlikely that these portfolios will ever have similar effective equity exposures.

The portfolio will obtain offshore exposure through investment in participatory interests of collective investment schemes approved in terms of the Act.

This portfolio will comply with regulations governing pension funds.
Latest Fund Manager Comment / News
Sage SCI Protection Solution FoF - Mar 19
The FoF is a combination of underlying managers all of whom have proven track records and  ...more
News Archive
Click here for complete news archive for this fund.
Top Holdings on 30 Jun 2019
Share No Units Value (Rm) % of Fund
U-DEFPPSF 36 009 621 37.67 19.86%
U-SMMILOQ 3 203 058 37.61 19.83%
U-INVCAUM 19 896 178 37.41 19.73%
U-PRUINFL 9 705 670 37.41 19.73%
U-AGSTABL 1 034 652 37.30 19.67%
Totals   187.40 98.82%
Comparative Performance
Portfolio Structure as at 30 Jun 2019
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Dividend Data
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Fees and Charges
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Sectoral Information
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