Page 18 - Reeftankers - Annexure B Sasfin

SASFIN BCI STABLE 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 Stable Fund is a cautious managed portfolio with the investment objective Portfolio Manager: Errol Shear
to achieve above real inflation beating total returns by way of delivering relatively high Launch date: 01 Mar 2013
income with a measure of capital growth over the medium to long term. Portfolio Value: R 227 506 680
NAV Price (Fund Inception): 100 cents
INVESTMENT UNIVERSE NAV Price as at month end: 115.76 cents
JSE Code: SMSFCB
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: ZAE000175733
equity securities, fixed interest instruments (including, but not limited to, bonds, ASISA Category: SA Multi Asset Low Equity
corporate bonds, inflation linked bonds, convertible bonds, cash deposits and money Benchmark: Average of SA Multi Asset Low
market instruments) and assets in liquid form. To provide a level of capital protection, Equity Category

the portfolio’s equity exposure shall be limited to 40% of the portfolio’s net asset value. Minimum lump sum: R 25 000
The portfolio may from time to time invest in listed and unlisted financial instruments. Minimum monthly Investment: R 1 000
The manager may also include unlisted forward currency, interest rate and exchange
rate swap transactions for efficient portfolio management purposes. This fund complies Valuation: Daily
with Regulation 28. Valuation time: 15:00
Transaction time: 14:00

Date of Income Declaration: 28 Feb/31 May/31 Aug/30 Nov
PERFORMANCE (Net of Fees)
Date of Income Payment: 2nd day of Mar/Jun/Sep/Dec

50% Income Distribution (cpu)
45%

40% May-17 Aug-17 Nov-17 Feb-18
% Cumulative Return 30% 2.02 1.93 2.07 1.80
35%
25%
20%
15%
10%
Annual Service Fee:
5% FEE STRUCTURE 0.37% (Incl. VAT)
0%
-5% Initial Advisory Fee (Max): 0.00% (Incl. VAT)
03-2014 03-2015 03-2016 03-2017 03-2018 Annual Advice Fee: 0 - 1.15% (if applicable)
Date Initial Fee: 0.00% (Incl. VAT)
Sasfin BCI Stable Fund (B) Performance Fee: None
Benchmark * Total Expense Ratio (TER): 0.58% (Incl. VAT)
Cumulative (%) 1 Year 3 Years 5 Years 10 Years Since Inception Performance fees incl in TER: 0.00% (Incl. VAT)
Fund 10.26 22.19 46.23 - 47.05 Portfolio Transaction Cost: 0.07% (Incl. VAT)
Total Investment Charge:
0.65% (Incl. VAT)
Benchmark 4.83 15.27 39.57 - 41.62
RISK PROFILE

Annualised (%)
Fund 10.26 6.91 7.90 - 7.87
Benchmark 4.83 4.85 6.89 - 7.08
Inception date: 01 Mar 2013
** Annualised return is the weighted average compound growth rate over the period measured.

Highest and lowest calendar year performance since inception Low - Medium Risk
• This portfolio has relatively low equity exposure, resulting in relatively low
High 13.15 volatility compared to higher risk portfolios.
• Where the asset allocation contained in this MDD reflects offshore
Low 2.83 exposure, the portfolio is exposed to currency risks
• The portfolio is exposed to default and interest rate risks.
• Therefore, it is suitable for medium term investment horizons.
• The expected potential long term investment returns may be lower over
MONTHLY RETURNS
the medium to long term than higher risk portfolios.

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
2018 0.4 0.2 -0.1 - - - - - - - - - 0.46
2017 1.0 0.2 1.9 1.2 0.9 0.0 2.5 0.6 1.4 2.2 0.2 0.5 13.15
2016 -1.1 -0.2 2.9 0.7 2.6 -1.0 -0.1 0.7 -0.5 -1.6 -0.4 1.0 2.83
2015 3.7 0.0 0.8 0.9 -1.1 -0.1 2.3 -0.5 0.2 4.0 0.8 -1.8 9.26
2014 -0.3 0.6 0.9 1.1 1.4 1.4 1.1 0.9 -0.4 1.4 1.9 0.1 10.57
2013 - - 0.6 0.1 0.7 -3.2 0.9 -0.3 2.5 1.7 -0.1 1.3 4.13

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