ASISA South African – Multi-Asset – Low Equity
Launch Date
May 2015
Regulation 28
Yes
Benchmark
CPI + 3%
Risk Rating
Low
Through a conservative approach, the Fund seeks to provide capital stability by investing in a broad range of securities, including: shares, listed property, commodities, bonds, interest-bearing securities and money market instruments. The total equity exposure (including international equity) will be between 0% and 40%.
The Fund’s benchmark is CPI + 3%.
The Fund aims to achieve returns well in excess of inflation, measured over 3 – 5 year periods (CPI + 3%). The Manager does not make any guarantees concerning the capital or return of the Fund.
INVESTOR PROFILE
The Fund is suitable for investors who:
- want to preserve the purchasing power of their capital over the long term
- seek exposure to the earnings potential of equities, while taking advantage of the Fund’s multi-asset mandate
REZCO CHART
Rezco Stable Fund
PERFORMANCE
| 1 Year | 3 Years Ann. | 5 Years Ann. | Since Inception Ann. | |
|---|---|---|---|---|
| Rezco Stable A | 5.0 | 2.6 | 5.7 | 5.1 |
| ASISA South African MA Low Equity | 10.5 | 7.9 | 6.3 | 5.9 |
| Source: Morningstar as at 30 September 2023 |
|---|
RISK
| SINCE INCEPTION | Std Dev | Sortino Ratio | Max Drawdown | Worst Month | Down Capture Ratio |
|---|---|---|---|---|---|
| Rezco Stable A | 5.3 | -0.3 | -6.1 | -3.8 | -1.3 |
| Source: Morningstar as at 30 September 2023 |
|---|
PEERS
ASISA South African Multi-Asset Low Equity Sector.
BENCHMARK
| Benchmark | Inflation + 3% |
| Peer Group | ASISA South African – Mult-Asset – Low Equity |
FEES
| Initial Fee | None |
| Management Fee | Direct Investors: 1.00% p.a. ex VAT (Unit Class A) Through Investment Platforms: 0.50% p.a. ex VAT (Unit Class C) Through Investment Platforms: 0.80% p.a. ex VAT (Unit Class C1) |
| Performance Fee | A participation rate of 10% in the out-performance above the benchmark up to max of 1%. Calculated on a rolling 1 year basis and only paid when rolling 1 year returns are positive. (Not applicable to flat-fee classes, such as the Unit Class C1 above.) |
REGULATION 28
This fund is compliant with Regulation 28 of the Pension Funds Act and therefore suitable for retirement funds. We issue quarterly Regulation 28 compliance certificates and perform daily Regulation 28 compliance checks on the portfolio.
