Page 296 - Profiles's Unit Trusts & Collective Investments - September 2024

PSG Balanced Fund

PSG Balanced Fund
PSG Balanced Fund
Sector: South African—Multi Asset—
High Equity HISTORICAL PERFORMANCE All figures to 30 June 2024
Fund benchmark: Inflation plus 5% R1 000 Lump Sum(NAV-NAV) R100 Per Month(NAV-NAV)
Code (A): APFF Yrs Return Value Inflation Return Value Inflation Volatility
Code (E): PBFE 1 (A) 10.70% R1 107 R1 052 12.26% R1 283 R1 229 9.28
10 (A) 8.57% R2 275 R1 629 9.50% R20 063 R15 564 13.05
MANAGEMENT
HISTORICAL DISTRIBUTIONS Actual payout (cents/unit) & 12-mnth historic yields
PSG Asset Management (Pty) Ltd. Period Ending End Price Feb Aug 12-mnth DY%
30 Jun 24 (A) 9 899.42 127.31 - 3.39
FUND FOCUS
30 Jun 24 (E) 9 917.95 154.14 - 3.93
The PSG Balanced Fund’s objective is to 31 Dec 23 (A) 9 728.36 97.17 208.15 3.14
achieve long-term growth of capital and a 31 Dec 23 (E) 9 746.28 121.99 235.54 3.67
reasonable level of income for investors. Calculations are based on Profile Methodology
The investment policy provides for the
active management of the portfolio as- Risk / Return Profile
sets in equities, bonds, property and cash 20
both domestically and in foreign mar-
kets. The fund can have up to 75% in eq-
uities, 25% in listed property and 45% 3yr Compound return(%)
can be invested in foreign assets and may 10
include listed and unlisted financial in-
struments (derivatives). The fund oper-
ates within the constraints of Regulation
28 of the Pension Funds Act. 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: 1 Jun 1999 Sector Value (R000) % of Fund Value (R000) % of Fund Difference
Minimum As per platform Basic Materials 1 637 103 12.25% 1 701 794 13.04% (0.79)%
Investment: minimum Energy 221 184 1.65% 211 291 1.62% 0.04%
No of holdings: 86 Consumer Discretionary 1 653 919 12.37% 1 980 809 15.18% (2.80)%
Financials 1 642 226 12.28% 1 272 967 9.75% 2.53%
No of unitholders: 354 Industrials 782 024 5.85% 736 429 5.64% 0.21%
Original price: 100 Real Estate 486 834 3.64% 489 064 3.75% (0.11)%
Broker p.a. com (A): 0.81% Telecommunications 282 614 2.11% 261 042 2.00% 0.11%
33 716
Specialist Securities
238 928
1.79%
0.26%
1.53%
Annual fee (A): 1.73% Technology 5 221 0.04% 4 786 0.04% 0.00%
TER (A) 06/24: 1.78% Other Regions 312 635 2.34% 340 128 2.60% (0.26)%
TER Perf% (A): 0.00% Australia 176 508 1.32% 137 710 1.05% 0.27%
0.29%
Fund value: R13.37bn Brazil 174 954 1.31% 133 229 1.02% (0.31)%
2.67%
348 759
2.36%
315 172
Canada
Risk rating: Medium - High Cayman Islands 222 728 1.67% 1.67%
PlexCrowns: China 69 516 0.52% 0.52%
United Kingdom 1 319 536 9.87% 1 351 753 10.36% (0.49)%
Income declaration: 28/02, 31/08 Hong Kong 174 880 1.31% 0 1.31%
Income payment: 05/03, 05/09 Netherlands 246 246 1.84% 275 237 2.11% (0.27)%
Japan 44 153 0.33% 157 705 1.21% (0.88)%
USA 874 490 6.54% 944 089 7.23% (0.69)%
SA Bonds 2 453 502 18.35% 2 465 793 18.89% (0.54)%
Liquid Assets 33 808 0.25% 197 517 1.51% (1.26)%
Money Market 8 501 0.07% (0.07)%
TOTAL 13 368 716 100.00% 13 052 885 100.00% 2.42%
TOP HOLDINGS BY VALUE
June 2024 December 2023
Short Name/ Sector Units Value %of Units Value %of
JSE Code Name (000’s) (R ‘000) Fund (000’s) (R ‘000) Fund Difference
DISCOVERY Financials 6 404 865 609 6.47% 4 656 668 917 5.12% 1 748 250
R2037 SA Bnds 881 680 725 557 5.43% 1 016 680 829 393 6.35% (135 000 000)
R202 SA Bnds 240 000 623 459 4.66% 87 000 223 712 1.71% 153 000 000
PRUDENTIAL Foreign 2 862 477 230 3.57% 2 281 475 823 3.65% 580 605
HISCOX Foreign 1 604 426 368 3.19% 1 677 417 309 3.20% (72 737)
R2044 SA Bnds 514 693 405 701 3.03% 329 693 256 676 1.97% 185 000 000
HAMMERSON Real Est 56 676 361 596 2.70% 56 456 383 901 2.94% 220 435
TFG Cons 2 662 339 385 2.54% 2 091 231 984 1.78% 571 348
NORTHAM Basic Mats 2 546 323 617 2.42% 2 472 347 125 2.66% 74 289
WHEATONPREC Foreign 327 315 157 2.36% 380 348 743 2.67% (52 671)
TOTAL 4 863 677 36.38% 4 183 584 32.05%
Price History Relative Strength to FTSE/JSE All Share
9730 index (J203)
1.5
7984
1.3
6238
1.1
4492
0.9
2746 0.7
1000 0.5
14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23
294 Profile’s Unit Trusts & Collective Investments — DOMESTIC