Destiny BCI Multi Asset Fund of Funds
MANAGEMENT Fund Manager's Comment
Destiny Fund Managers

The Destiny BCI Multi Asset Fund of Funds is a domestic flexible fund of funds with the objective to maximise long term capital growth, with the generation of income as a secondary objective. Investments to be included in the portfolio will consist of assets in liquid form as well as participatory interests and other forms of participation of collective investment schemes, or other similar schemes operated in territories with a regulatory environment which is to the satisfaction of the manager and trustee of a sufficient standard to provide investor protection at least equivalent to that in South Africa and which is consistent with the portfolio's primary objective. The underlying portfolios may invest in, amongst others, equity securities, property securities, non-equity securities, money market instruments, preference shares, listed and unlisted financial instruments, bonds and other interest bearing instruments and securities. To the extent that the assets in the portfolio are exposed to exchange rate risk, the manager may enter into financial transactions for the exclusive purpose of hedging such exchange rate risk subject to the conditions and limits as stipulated by the Act. The Trustee shall ensure that the investment policy set out in this Supplemental Deed is carried out.

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SectorSouth African-Multi Asset-Flexible
Sector Rank: 30 out of 46
(lump sum over 3 years to 31 July 2019)
Overall Rank: 854 out of 1038
(lump sum over 3 years to 31 July 2019)
R1000 invested on 31 July 2016 was worth R 1045 at 31 July 2019
( 1.47% annual compound return)
R100 per month since 31 July 2016 was worth R 3627 at 31 July 2019
( 0.49% annual return compounded monthly)
Formation Date:02 JUL 2001 Holdings:4
Original Price:100 Pricing:Forward
Top Holdings on 31 July 2019
Share (Sector)No.Value% of Fund
U-SBNDINX (Gilt)376,8733,933,384 3.10 %
USA C (For Currency)020,488 0.02 %
U-STCSA (General Equity)1,980,51318,423,718 14.54 %
CASH (Cash on call)01,477,272 1.17 %
U-LAURFLE (Flexible)10,205,62319,212,084 15.16 %
O-SWRLDEQ (Offshore Intern)520,2589,774,691 7.71 %
U-SLINTPR (International)481,6171,914,273 1.51 %
TOTAL R54,755,91043.21%

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