Page 250 - Profiles's Unit Trusts & Collective Investments - September 2024

Argon BCI Absolute Return Fund

Argon BCI Absolute Return Fund
Argon BCI Absolute Return Fund
Sector: South African—Multi Asset—
Low Equity HISTORICAL PERFORMANCE All figures to 30 June 2024
Fund benchmark: CPI + 4% p.a. R1 000 Lump Sum(NAV-NAV) R100 Per Month(NAV-NAV)
Code (A): AARFA Yrs Return Value Inflation Return Value Inflation Volatility
1 (A) 8.22% R1 082 R1 052 11.29% R1 276 R1 229 5.49
MANAGEMENT 3 (A) 8.06% R1 262 R1 191 7.82% R4 069 R3 911 5.27
5 (A) 6.44% R1 366 R1 276 7.50% R7 298 R6 886 5.89
Maitse Motsoane Portfolio manager:
7 (A) 6.36% R1 540 R1 393 6.81% R10 786 R10 099 5.70
Multi Asset Class (BCom Honours
Investment Management, BCom Financial HISTORICAL DISTRIBUTIONS Actual payout (cents/unit) & 12-mnth historic yields
Management Sciences) End
Maitse joined Argon Asset Management Period Ending Price Feb Mar Jun Aug Sep Nov Dec 12-mnth DY%
in December 2016 as part of the Gradu- 30 Jun 24 (A) 110.88 - 1.47 1.65 - - - - 5.51
ate Trainee Programme as a Trainee In- 31 Dec 23 (A) 108.58 - 1.20 1.28 - 1.61 - 1.38 5.03
vestment Analyst. He left as a Fixed 31 Dec 22 (A) 105.96 - 0.94 0.70 - 1.49 - 0.93 3.83
Income Analyst to join Prescient Invest- 31 Dec 21 (A) 105.73 - 0.81 0.73 - 1.33 - 0.62 3.29
ment Management as a Multi Asset Class 31 Dec 20 (A) 97.35 0.86 - 1.56 - 0.97 - 0.76 4.26
Portfolio Manager where he spent three
years. He re-joined the Multi Asset Class Risk / Return Profile
Team at Argon in September 2021 and is 20
currently the lead portfolio manager for
the Absolute Return product range.
FUND FOCUS 3yr Compound return(%) 10
The Argon BCI Absolute Return Fund
aims to provide investors with an abso-
lute real inflation beating total return
over any rolling 3-year period. 0 0 11 22
Volatility p.a.
DETAILS as at 30 June 2024
All fees and charges include Vat PORTFOLIO ALLOCATION
June 2024 December 2023
Formation date: 14 Sep 2015 Sector Value (R000) % of Fund Value (R000) % of Fund Difference
Min lump sum: R25 000 Basic Materials 31 679 6.40% 42 523 8.32% (1.92)%
Minimum monthly: R1 000 Energy 1 201 0.24% 1 381 0.27% (0.03)%
Original price: 100 Consumer Discretionary 17 512 3.54% 16 871 3.30% 0.24%
Broker p.a. com (A): 1.15% Financials 37 354 7.54% 35 684 6.98% 0.56%
Health Care
0.81%
4 034
4 026
0.03%
0.79%
Annual fee (A): 1.32% Industrials 4 797 0.97% 4 808 0.94% 0.03%
TER (A) 03/24: 1.37% Real Estate 3 696 0.75% 3 497 0.68% 0.06%
Telecommunications 5 886 1.19% 6 993 1.37% (0.18)%
TER Perf% (A): 0.00% Technology 21 478 4.34% 18 720 3.66% 0.68%
Performance fee: (A) 20% excess Specialist Securities 6 983 1.41% 12 567 2.46% (1.05)%
performance above CPI + 4% p.a, Fixed Interest 21 671 4.38% 20 167 3.94% 0.43%
calculated over a 1 year rolling period, Other Regions 28 943 5.84% 28 452 5.56% 0.28%
capped at a maximum of 1.32% p.a. North America 9 655 1.95% 10 437 2.04% (0.09)%
1.65%
1.58%
8 152
8 094
Fund value: R495.18m USA 148 504 29.99% 127 633 24.96% 0.06%
SA Bonds
5.03%
Risk rating: Low - Medium Money Market 52 905 10.68% 75 662 14.80% (4.11)%
PlexCrowns: Liquid Assets 90 733 18.32% 93 800 18.35% (0.02)%
TOTAL 495 180 100.00% 511 315 100.00% (3.16)%
Income declaration: 31/03, 30/06,
30/09, 31/12 TOP HOLDINGS BY VALUE
Income payment: 2nd day of June 2024 December 2023
Apr/Jul/Oct/Jan Short Name/ Units Value %of Units Value %of
JSE Code Sector Name (000’s) (R ‘000) Fund (000’s) (R ‘000) Fund Difference
R2037 SA Bnds 43 270 35 628 7.20% 39 570 32 299 6.32% 3 700 000
I2033 SA Bnds 20 500 25 256 5.10% 20 500 25 036 4.90% -
R2040 SA Bnds 28 600 23 666 4.78% 16 400 13 411 2.62% 12 200 000
NIMMC Fixed Int 21 518 21 671 4.38% 20 018 20 167 3.94% 1 500 000
NASPERS-N IT 4 13 868 2.80% 4 12 149 2.38% -
R214 SA Bnds 21 800 13 846 2.80%
ANGLO Basic Mats 17 9 896 2.00% 17 8 008 1.57% 207
ISH20USDTBETF Foreign 6 9 655 1.95% 6 10 437 2.04% -
FIRSTRAND Financials 109 8 287 1.67% 109 8 015 1.57% -
PROSUS IT 12 7 610 1.54% 12 6 571 1.29% -
TOTAL 169 383 34.21% 136 092 26.62%
Price History Relative Strength to Consumer Price Index
110 1.5
106 1.3
102 1.1
98 0.9
94 0.7
90 0.5 17 | 18 | 19 | 20 | 21 | 22 | 23
17 | 18 | 19 | 20 | 21 | 22 | 23
248 Profile’s Unit Trusts & Collective Investments — DOMESTIC