Page 260 - Profiles's Unit Trusts & Collective Investments - September 2024

Camissa Islamic High Yield Fund

Camissa Islamic High Yield Fund
Camissa Islamic High Yield Fund
Sector: South African—Multi Asset—
Income HISTORICAL PERFORMANCE All figures to 30 June 2024
Fund benchmark: Short-term Fixed R1 000 Lump Sum(NAV-NAV) R100 Per Month(NAV-NAV)
Interest Index (STeFI) Yrs Return Value Inflation Return Value Inflation Volatility
Code (A): KIHYF 1 (A) 9.69% R1 097 R1 052 10.09% R1 268 R1 229 2.54
2 (A) 7.97% R1 166 R1 109 8.20% R2 616 R2 523 2.29
MANAGEMENT 3 (A) 7.30% R1 235 R1 191 7.35% R4 039 R3 911 2.28
4 (A) 8.09% R1 365 R1 249 7.46% R5 608 R5 374 2.52
Abdul Davids (BCom (Accounting), CFA) 5 (A) 7.27% R1 421 R1 276 7.47% R7 292 R6 886 3.05
Abdul joined Camissa Asset Manage-
ment in 2008 as head of research. In ad- HISTORICAL DISTRIBUTIONS Actual payout (cents/unit) & 12-mnth historic yields
dition to his research responsibilities, Period Ending End Price Mar Jun Sep Dec 12-mnth DY%
Abdul manages four Shariah-compliant
retail unit trust funds as well as institu- 30 Jun 24 (A) 131.10 0.60 1.20 - - 1.80
tional clients’ funds. Previously he was 31 Dec 23 (A) 126.55 0.11 0.19 0.26 0.30 0.69
with Allan Gray as a senior investment 31 Dec 22 (A) 119.59 0.16 0.09 0.35 0.34 0.79
analyst and portfolio manager for all cli- 31 Dec 21 (A) 113.86 0.17 0.47 0.67 0.22 1.35
ents in Botswana and Namibia. Abdul 31 Dec 20 (A) 104.79 0.75 1.34 0.31 0.33 2.60
graduated from the University of Cape
Town in 1996. Risk / Return Profile
20
FUND FOCUS
This fund aims to provide a high income
yield and will typically have a strong bias 3yr Compound return(%)
towards yield assets such as sukuks and 10
property, as well as dividend-paying eq-
uities. The underlying investments will
comply with Shariah requirements as
prescribed by the Accounting & Auditing 0 0 11 22
Organisation for Islamic Financial Insti- Volatility p.a.
tutions (AAOIFI). The fund will not in- PORTFOLIO ALLOCATION
vest in any interest bearing instruments.
June 2024 December 2023
This fund is suitable for investors in- Sector Value (R000) % of Fund Value (R000) % of Fund Difference
vested in retirement annuities, preserva- Basic Materials 64 664 4.06% 96 917 5.95% (1.89)%
tion, pension and provident funds. The Consumer Discretionary 53 946 3.39% 33 505 2.06% 1.33%
portfolio will be a primary vehicle for in- Industrials 9 341 0.59% 10 594 0.65% (0.06)%
vestment by retirement funds that offer Real Estate 33 528 2.11% 49 163 3.02% (0.91)%
individual member choice. Furthermore, Telecommunications 24 710 1.55% 17 551 1.08% 0.47%
the fund is suitable for investors looking Technology 12 099 0.76% 8 207 0.50% 0.26%
for a stable income SA Bonds 458 000 28.77% 179 491 11.02% 17.75%
Money Market 896 454 56.31% 1 148 935 70.54% (14.24)%
DETAILS as at 30 June 2024 Liquid Assets 39 262 2.47% 84 296 5.18% (2.71)%
All fees and charges include Vat TOTAL 1 592 006 100.00% 1 628 660 100.00% (2.25)%
Formation date: 11 Mar 2019 TOP HOLDINGS BY VALUE
Min lump sum: R5 000 June 2024 December 2023
Minimum monthly: R500 Short Name/ Units Value %of Units Value %of
(000’s)
No of holdings: 61 JSE Code Sector Name 300 000 (R ‘000) Fund (000’s) (R ‘000) Fund Difference
SA Bnds
RS2036
313 967 19.72% 180 000 179 491 11.02% 120 000 000
No of unitholders: 219 RS2031 SA Bnds 70 000 72 180 4.53%
Broker p.a. com (A): 0.57% RS2034 SA Bnds 57 500 59 483 3.74%
Annual fee (A): 0.57% OMNIA Basic Mats 406 26 881 1.69% 268 17 495 1.07% 138 497
Real Est
DIPULA B
TER (A) 06/24: 0.58% MTN GROUP Telcom 4 198 17 212 1.08% 4 198 16 582 1.02% 44 351 -
1.05%
152
196
16 674
1.08%
17 551
TER Perf% (A): 0.00% RESILIENT Real Est 348 16 316 1.02% 348 15 421 0.95% -
Fund value: R1.59bn SEAHARVST Cons 2 016 16 306 1.02% 1 522 14 387 0.88% 493 090
NORTHAM Basic Mats 126 16 090 1.01% 96 13 469 0.83% 30 478
Risk rating: Low PEPKORH Cons 823 15 410 0.97% 457 8 971 0.55% 365 734
PlexCrowns: TOTAL 570 518 35.84% 283 367 17.40%
Income declaration: 31/03, 30/06,
30/09, 31/12 Price History Relative Strength to SteFI
Income payment: 01/04, 01/07, 140 1.5
01/10, 02/01 130 1.3
120 1.1
110 0.9
100 0.7
90 0.5
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258 Profile’s Unit Trusts & Collective Investments — DOMESTIC