Sharenet BCI Aggressive Fund of Funds
MANAGEMENT Fund Manager's Comment
Kobus Louw, B.SC. Hons , MBA (Stell)
Kobus Louw hails from Port Elizabeth where he completed his B.Sc Hons degree, before graduating from Stellenbosch University with an MBA in 1988. He began his career in the actuarial division at Sanlam, later moving to the investment department. After a two-year period working at Unicorn Lines in Durban from 1979-80, Kobus helped to set up and manage an investment information systems department at Sanlam, after which he moved to the field of portfolio management at Sanlam Investment Management, eventually becoming head of Portfolio Management in 1998. In 1999, Kobus joined Cadiz Asset Management as one of its founding members in charge of new product development initiatives and the refocusing of the active management team's efforts. Kobus resigned from his position as Director and Chief Investment Officer at the end of 2004 and took up the CIO role at Contego Asset Management, focussing on the investment process and developing new offerings until 2016 when he joined Sharenet.
JC Louw, B.Com, MBA (Stellenbosch)
JC completed a B.Comm degree and MBA (Cum Laude) at Stellenbosch University. He started his career as part of the Greenwich Securities derivatives team in London in 1998. During his time in London he was exposed to a variety of global markets and asset classes, and became a member of the OTOB (European Derivative Exchange). In 2000 he joined Greenwich Asset Management in Cape Town as an investment analyst and a member of the investment team that later became part of NIB. In 2001he moved to PLJ Financial Services as a private client portfolio manager until 2003. JC was one of the founding members of Contego Asset Management and led the Asset Management division until 2016 when he joined Sharenet.
Sharenet Investments (Pty) Ltd.
FUND OBJECTIVES AND FOCUS

The Sharenet BCI Aggressive Fund of Funds is a moderate to aggressive risk profile portfolio that aims to provide investors with a high long-term total return. The portfolio will be managed in compliance with prudential investment guidelines for retirement funds in South Africa to the extent allowed for by the Act. The portfolio's equity exposure is limited to a maximum of 75% of the portfolio's net asset value. Investments to be included in the portfolio will, apart from assets in liquid form, consists of participatory interests and other forms of participation of local and global 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 will 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. Nothing in this Supplemental Deed shall preclude the manager from varying the ratios of securities or assets in liquid form in changing economic environment or market conditions, or to meet the requirements in terms of legislation and from retaining cash or placing cash on deposit in terms of the Deed and this Supplemental Deed. The Trustee shall ensure that the investment policy set out in this Supplemental Deed is carried out.


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WEBGRAPH
RANKING
SectorSouth African-Multi Asset-High Equity
SizeR83,595,081
Sector Rank: 142 out of 148
(lump sum over 3 years to 31 July 2019)
Overall Rank: 923 out of 1038
(lump sum over 3 years to 31 July 2019)
R1000 invested on 31 July 2016 was worth R 1000 at 31 July 2019
( -0.01% annual compound return)
R100 per month since 31 July 2016 was worth R 3585 at 31 July 2019
( -0.27% annual return compounded monthly)
TECHNICAL OVERVIEW
Formation Date:21 OCT 2005 Holdings:5
Original Price:100 Pricing:Forward
Top Holdings on 31 July 2019
Share (Sector)No.Value% of Fund
U-CONB1IN (Income)5,694,8845,838,395 6.98 %
U-COB6GWP (General Equity)31,543,08146,563,896 55.70 %
CASH (Cash on call)0-131,001 -0.16 %
U-CONB6B (Prudential)2,408,8294,921,960 5.89 %
U-DWPROP (Property)2,847,3317,176,982 8.59 %
U-SNETGBA (International)16,486,10519,224,447 23.00 %
TOTAL R83,594,679100%

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