Page 258 - Profile's Unit Trusts & Collective Investments - March 2026

Argon BCI Absolute Return Fund Domestic

Argon BCI Absolute Return Fund
Sector: South African–Multi Asset– HISTORICAL PERFORMANCE All figures to 31 Dec 2025
Low Equity R1 000 Lump Sum(NAV-NAV) R100 Per Month(NAV-NAV)
Fund benchmark: CPI + 4% p.a. Yrs Return Value Inflation Return Value Inflation Volatility
Code (A): AARFA 1 (A) 17.29% R1 173 R1 035 17.47% R1 320 R1 215 2.75
MANAGEMENT 3 (A) 11.71% R1 394 R1 121 13.10% R4 429 R3 781 4.57
R8 026
Maitse Motsoane (BCom Honours 5 (A) 10.28% R1 631 R1 273 11.00% R12 116 R6 659 4.57
7 (A)
R9 810
R1 364
9.83%
8.77%
R1 801
5.40
Investment Management, BCom
Financial Management Sciences) HISTORICAL DISTRIBUTIONS Actual payout (cents/unit) & 12-month historic yields
Maitse joined Argon Asset Management Period Ending End Price Mar Jun Sep Dec 12-mnth DY%
in December 2016 as part of the 31 Dec 25 (A) 128.32 0.89 1.47 1.05 0.58 3.11
Graduate Trainee Programme as a 31 Dec 24 (A) 113.57 1.47 1.65 1.46 1.19 5.09
Trainee Investment Analyst. He left as 31 Dec 23 (A) 108.41 1.20 1.28 1.61 1.38 5.04
a Fixed Income Analyst to join Prescient 31 Dec 22 (A) 105.79 0.94 0.70 1.49 0.93 3.84
Investment Management as a Multi 31 Dec 21 (A) 105.63 0.81 0.73 1.33 0.62 3.29
Asset Class Portfolio Manager where
he spent three years. He re-joined the Portfolio Allocation Risk/Return Profile
Multi Asset Class Team at Argon in
September 2021 and is currently the
lead portfolio manager for the Absolute
Return product range.

FUND FOCUS 3Yr Compound Return(%)

The Argon BCI Absolute Return Fund
aims to provide investors with an

absolute real inflation beating total
return over any rolling 3-year period.
DETAILS as at 31 December 2025
All fees and charges include VAT PORTFOLIO ALLOCATION
June 2025
December 2025
Formation date: 14 Sep 2015 Sector Value (R ‘000) % of Fund Value (R ‘000) % of Fund Difference
N/A
Min lump sum:
DOMESTIC FUNDS No of unitholders: 1.15% 2 Energy 24 854 21.99% 22 013 11.19% - 1.75%
3.77%
16 047
Basic Materials
6.99%
27 833
10.76%
N/A
Minimum monthly:
3.67%
Consumer Discretionary
9 493
9 301
- 0.38%
4.05%
580
0.01%
0.22%
0.21%
482
9.61%
Financials
9.58%
0.02%
Original price:
100
24 415
Foreign
25 705
9.44%
Broker p.a. com (A):
0.83%
0.74%
1 693
0.09%
2 147
Health Care
Annual fee (A):
1.32%
834
0.32%
502
0.22%
Industrials
0.10%
5.79%
56 898
37 224
16.21%
Liquid Assets
TER (A) 09/25:
2.47%
7.62%
Money Market
1.07%
2 771
17 497
- 6.55%
TER Perf% (A):
1.06%
- 0.69%
1.07%
4 050
Real Estate
1.76%
2 757
Performance fee: (A) 20% excess
performance above CPI + 4% p.a,
2.67%
5 618
0.22%
6 905
Specialist Securities
2.45%
calculated over a 1 year rolling period,
10 494
12 180
4.57%
0.14%
Technology
4.71%
capped at a maximum of 1.32% p.a. SA Bonds 83 159 32.14% 74 804 32.57% - 0.42%
4 263
1.86%
1.44%
3 722
Telecommunications
- 0.42%
PlexCrowns: «« Utilities 174 0.07% - - -
Fund value: R265.02m TOTAL 258 722 100.00% 229 691 100.00% 12.64%
Risk rating: Low-Medium TOP HOLDINGS BY VALUE
Income declaration: 31/03, 30/06, December 2025 June 2025
30/09, 31/12 Short Name/ Sector Units Value % of Units Value % of
Fund
Fund
Income payment: 02/04, 02/07, JSE Code Name (000’s) - (R ‘000) 21.99% (000’s) - (R ‘000) 16.14% Difference
19 830
56 898
Liq Asset
37 069
CASH
02/10, 04/01 R2037 SA Bnds 17 470 17 997 6.96% 17 470 15 823 6.89% 2 173
FOREIGN MMI Foreign - 13 525 5.23% - 14 189 6.18% - 663
I2033 SA Bnds 9 100 12 881 4.98% 9 100 11 787 5.13% 1 094
R2040 SA Bnds 9 900 10 315 3.99% 12 500 11 296 4.92% - 982
NASPERS-N IT 7 7 425 2.87% 1 5 271 2.29% 2 154
U-NEWGOLD SpecSec 10 6 905 2.67% 10 5 618 2.45% 1 287
GFIELDS Basic Mats 9 6 698 2.59% 9 3 844 1.67% 2 854
TSP272 SA Bnds 5 800 5 575 2.15% - - - -
ANGGOLD Basic Mats 4 5 247 2.03% 4 2 952 1.29% 2 295
TOTAL 143 465 55.45% 107 849 46.96%
Price History Relative Strength to Consumer Price
Index

256 Profile’s Unit Trusts & Collective Investments March 2026