Page 266 - Profile's Unit Trusts & Collective Investments - March 2025

Camissa SA Equity Fund

Camissa SA Equity Fund
Camissa SA Equity Fund
Sector: South African—Equity—SA
General HISTORICAL PERFORMANCE All figures to 31 December 2024
Fund benchmark: average of the ASISA R1 000 Lump Sum(NAV-NAV) R100 Per Month(NAV-NAV)
South African-Equity-General Funds Yrs Return Value Inflation Return Value Inflation Volatility
category over a rolling 12 month period 1 (A) 14.25% R1 143 R1 029 22.07% R1 354 R1 211 10.77
Code (A): KSEQFA 2 (A) 8.23% R1 171 R1 082 14.04% R2 785 R2 477 13.17
Code (D): KSEQFD HISTORICAL DISTRIBUTIONS Actual payout (cents/unit) & 12-mnth historic yields
MANAGEMENT Period Ending End Price Jun Dec 12-mnth DY%
31 Dec 24 (A) 113.55 1.02 1.56 2.27
Gavin Wood (BBusSc, FFA, CFA, CIO
31 Dec 24 (D) 114.36 1.70 2.36 3.55
(Executive))
Gavin was a founder of Camissa Asset 31 Dec 23 (A) 102.02 1.06 1.61 2.61
Management in 2001 and is chief invest- 31 Dec 23 (D) 100.89 - 0.56 0.56
ment officer, heading up the investment 31 Dec 22 (A) 102.65 - 2.09 2.03
team since inception. He also serves as an 31 Dec 22 (D) 103.13 - 2.55 2.47
executive director. Previously he was an
investment analyst with Coronation Risk / Return Profile
Fund Managers and has many years of 31
investment experience.
FUND FOCUS return(%)
The investment objective of the Portfolio 2yr Compound 16
is to provide steady capital growth and a
total portfolio return that is better than
the average general equity fund. The gen- 0 0 10 21
eration of income is of secondary Volatility p.a.
importance.
To achieve these objectives, the Portfolio PORTFOLIO ALLOCATION
will employ a valuation-based stock pick- December 2024 June 2024
ing strategy. Stock picking will be based Sector Value (R000) % of Fund Value (R000) % of Fund Difference
on using a bottom-up valuation process Additional 2 447 0.28% 2 958 0.37% (0.09)%
and the accompanying investment pro- Energy 31 966 3.68% 14 905 1.86% 1.81%
cess. The Portfolio will generally be fully Basic Materials 207 227 23.84% 200 791 25.11% (1.27)%
invested in a diversified portfolio of eq- Consumer Discretionary 119 800 13.78% 159 220 19.91% (6.13)%
uity securities, subject to the statutory Financials 140 262 16.14% 133 235 16.66% (0.52)%
investment limitations. Health Care 855 0.10% 0.10%
Industrials 67 600 7.78% 30 307 3.79% 3.99%
DETAILS as at 31 Dec 2024 Real Estate 14 374 1.65% 13 615 1.70% (0.05)%
All fees and charges include Vat Technology 209 618 24.11% 188 565 23.58% 0.54%
Telecommunications 75 114 8.64% 52 450 6.56% 2.08%
Formation date: 2 Sep 2022 Liquid Assets 38 0.00% 3 728 0.47% (0.46)%
Broker p.a. com (A): 1.15% TOTAL 869 300 100.00% 799 773 100.00% 8.69%
Annual fee (A): 1.44% TOP HOLDINGS BY VALUE
TER (A) 12/24: 1.49% December 2024 June 2024
TER Perf% (A): 0.00% Short Name/ Units Value %of Units Value %of
Fund Difference
Fund value: R869.30m JSE Code Sector Name (000’s) (R ‘000) Fund (000’s) (R ‘000) 9.63% (464)
118
88 305 10.16%
118
77 002
PROSUS
IT
Income declaration: 30/06, 31/12 MTN GROUP Telcom 817 75 114 8.64% 606 51 458 6.43% 210 730
Income payment: 02/07, 02/01 NASPERS-N IT 16 66 642 7.67% 19 66 283 8.29% (2 612)
AMPLATS Basic Mats 98 55 868 6.43% 57 34 478 4.31% 40 896
NORTHAM Basic Mats 453 44 121 5.08% 401 51 035 6.38% 52 040
OMNIA Basic Mats 564 44 036 5.07% 594 39 316 4.92% (30 142)
DATATEC IT 821 40 963 4.71% 868 32 544 4.07% (46 431)
FAMBRANDS Cons 592 40 841 4.70% 620 32 374 4.05% (28 171)
QUILTER Financials 994 35 351 4.07% 641 17 697 2.21% 353 157
BRAIT Financials 16 367 33 879 3.90% 4 689 4 126 0.52% 11 677 749
TOTAL 525 120 60.41% 406 311 50.80%
Price History Relative Strength to FTSE/JSE All Share
120 index (J203)
1.5
112
1.3
104
1.1
96
0.9
88
0.7
80 0.5
F A J A O 23 F A J A O 24 F A J A O 23 F A J A O 24
264 Profile’s Unit Trusts & Collective Investments — DOMESTIC