Page 16 - Reeftankers - Annexure B Sasfin

SASFIN BCI BALANCED FUND (B)
MANAGED BY: SASFIN ASSET MANAGERS (PTY) LTD - AUTHORISED FSP 21664
MINIMUM DISCLOSURE DOCUMENT

31 MARCH 2018

INVESTMENT OBJECTIVE FUND INFORMATION
The Sasfin BCI Balanced Fund is a moderate risk profile managed portfolio. The primary Portfolio Manager: Philip Bradford
investment objective of the portfolio is to provide investors with a moderate level of Launch date: 01 Mar 2013
income and capital growth over the long term. Portfolio Value: R 280 284 843
NAV Price (Fund Inception): 100 cents
INVESTMENT UNIVERSE NAV Price as at month end: 120.88 cents
JSE Code: SMBFCB
In order to achieve this objective the investments to be acquired for the portfolio will
include listed property related securities, equity securities, preference shares, non- ISIN Number: ZAE000175717
equity securities, fixed interest instruments (including, but not limited to, bonds, ASISA Category: SA Multi Asset Medium Equity
corporate bonds, inflation linked bonds, convertible bonds, cash deposits and money Benchmark: Average of SA Multi Asset Medium
market instruments) and assets in liquid form. The portfolio may from time to time invest Equity Category

in listed and unlisted financial instruments. The manager may also include unlisted Minimum lump sum: R 25 000
forward currency, interest rate and exchange rate swap transactions for efficient Minimum monthly Investment: R 1 000
portfolio management purposes. The portfolio’s net equity exposure shall range
between 0% and 60% of the portfolio’s net asset value. The portfolio will comply with Valuation: Daily
all prudential requirements for retirement funds to the extent that it is allowed for by Valuation time: 15:00
the Act. Transaction time: 14:00

Date of Income Declaration: 28 February/31 August
Date of Income Payment: 2nd working day of Mar/Sep
PERFORMANCE (Net of Fees)
Income Distribution (cpu)
60%
55% 28 Feb 2017 31 Aug 2017 28 Feb 2018
50%
45% 0.77 3.16 3.33
% Cumulative Return 35% FEE STRUCTURE
40%
30%
25%
20%
15%
10% Annual Service Fee: 0.40% (Incl. VAT)
5% Initial Advisory Fee (Max): 0.00% (Incl. VAT)
0%
-5% Annual Advice Fee: 0 - 1.15% (if applicable)
03-2014 03-2015 03-2016 03-2017 03-2018 Initial Fee: 0.00% (Incl. VAT)
Date Performance Fee: None
Sasfin BCI Balanced Fund (B)
Benchmark * Total Expense Ratio (TER): 0.67% (Incl. VAT)
Performance fees incl in TER: 0.00% (Incl. VAT)
Portfolio Transaction Cost: 0.02% (Incl. VAT)
Cumulative (%) 1 Year 3 Years 5 Years 10 Years Since Inception
Fund 6.84 17.37 45.20 - 46.40
Total Investment Charge: 0.69% (Incl. VAT)
Benchmark 3.78 11.21 40.45 - 42.84 RISK PROFILE

Annualised (%)
Fund 6.84 5.48 7.74 - 7.78
Benchmark 3.78 3.61 7.03 - 7.26
Inception date: 01 Mar 2013
** Annualised return is the weighted average compound growth rate over the period measured.
Medium Risk
Highest and lowest calendar year performance since inception • This portfolio has a balanced exposure to various asset classes. It has more
equity exposure than a low risk portfolio but less than a high-risk portfolio.
In turn the expected volatility is higher than a low risk portfolio, but less
High 12.75 than a high-risk portfolio.
• Where the asset allocation contained in this MDD reflect offshore
Low -0.04 exposure, the portfolio is exposed to currency risks
• The portfolio is exposed to equity as well as default and interest rate risks.
• The portfolio is suitable for medium term investment horizons
MONTHLY RETURNS • The probability of losses is higher than that of a low risk portfolio, but less
than a high-risk portfolio and moderate long term investment returns are
expected.
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
2018 -0.3 -1.4 -0.7 - - - - - - - - - -2.32
2017 0.9 -0.4 2.1 1.6 0.7 -0.8 3.3 0.4 1.2 3.4 0.1 -0.8 12.25
2016 -2.2 -0.4 3.1 0.3 2.8 -1.1 -0.2 1.1 -1.3 -2.7 -0.2 0.7 -0.04
2015 3.2 0.8 1.3 1.0 -1.3 -0.2 2.8 -0.7 0.4 4.7 1.1 -0.7 12.75
2014 -0.7 0.3 0.6 1.1 1.6 1.8 1.3 0.4 0.0 0.6 2.0 0.7 10.15
2013 - - 0.8 -0.5 2.6 -3.6 1.3 0.8 2.6 2.2 -0.1 1.3 7.55

SASFIN BCI BALANCED FUND (B) | 1 of 2
DATE OF ISSUE: 20 APRIL 2018