Huysamer Opportunity Prescient Fund – June 2014

Huysamer Opportunity Prescient
Fund – June 2014
Portfolio Objectives and Targets
Fund Information
Equity markets have shown that they are the only asset class to
consistently outperform inflation over the long term. Short term
volatility is used to purchase good companies at good prices. The
funds investment strategy is to earn a return in excess of CPI (3 month
lag) + 4% over the long term. This Portfolio is for the client who seeks
long-term wealth creation with a similar risk appetite than the average
person investing in pension funds. This portfolio typically has an
investment horizon of more than three years.
Fund manager
Classification …………………………
Managers Comments
Since inception (July 2006) the Fund has returned 101.89%
underperforming the benchmark’s total return by 0.65% p.a. The All
Share Index increased by 119.2% during the same period to close at
50945. During the month, the equity market increased by 2.64%, with
the best performing sector Resources, up 3.45%. Some of the counters
that performed well during the month were Telkom +18.09%,
Steinhoff +10.73% and Aspen +9.42%.
Sector Allocation
Benchmark
Inception date
Minimum lump sum
Income declaration
Fund size
Management upfront fee (max)
FSP upfront comm. (max)
Annual service fee (max)
Total Expense Ratio (TER)
Danie Berrange
South African-Multi Asset-Flexible
Regulation 28 Compliant
70% SWIX / 30% Cash
14 March 2007
R20 000.00
Annually – 31 March
R11.3 m
Nil
3.42% (including VAT)
1.14% (including VAT)
1.39% pa
Income Distribution (min)
31.96 cpu
The Total Expense Ratio (TER) of 1.39% for the period to 31 March 2013.
1.18% of the average Net Asset Value of the portfolio was incurred as charges,
levies and fees related to the management of the portfolio. The ratio does not
include transaction costs. A higher TER ratio does not necessarily imply a poor
return, nor does a low TER imply a good return. The current TER can not be
regarded as an indication of future TER's. The Income Distribution (min) for
the year ending 31 March 2013 as a percentage of the market value was 2.5%
Fund Performance
Resources
23%
Cash
30%
% returns
Hc i
Since inception
Latest 1 year
Annualised since inception
Property
0%
Benc hmark
101.9%
110.73%
22.8%
20.5%
10.10%
10.75%
Huysamer Opportunity Pescient Fund
Financials
13%
1 500.00
1 400.00
Huysamer
Opportunity
Prescient Unit
Trust B4 Total
return
Rand Value
1 300.00
Industrials
34%
1 200.00
Morningstar
South African AA
Flexible Tr
1 100.00
1 000.00
Top 10 Holding
900.00
Jun-12
Share code
Share name
SOL
Sasol Ltd
MTN
MTN Group Ltd
8.40%
BIL
BHP Billiton Plc
7.70%
BTI
British American Tobacco Plc
5.72%
SBK
Standard Bank Group Ltd
5.64%
RMH
RMB Holdings Ltd
5.32%
NPN
Naspers Ltd - N Shares
5.08%
AGL
Anglo American Plc
3.99%
BVT
The Bidvest Group Ltd
3.68%
CFR
Compagnie Financiere Richemont SA Depository Rec
3.54%
Jun-13
Jun-14
%
11.25%
Bank Details
Bank
Account number
Branch code
Nedbank
1452 042 217
145 209
The fund is a white-label portfolio operating under the Prescient
Unit Trust Scheme.
Collective Investment Schemes (CIS) in Securities should be considered as medium to long-term investments. The value may go up as well as down and past
performance is not necessarily a guide to future performance. CIS are traded at the ruling price and can engage scrip lending and borrowing up to 10% of the
market value of the portfolio to bridge insufficient liquidity. A schedule of fees, charges and maximum commissions is available on request. Commission and
incentives may be paid and if so, would be included in the overall costs. Different classes of units may apply in a portfolio and are subject to different fees and
charges. A fund of funds is a portfolio that invests in portfolios of CIS, which levy their own charges, which could result in a higher fee structure for these portfolios.
A Feeder Fund is a portfolio that, apart from assets in liquid form, consists solely of participatory interests in a single portfolio of a CIS. Forward pricing is used.
Fluctuations or movements in exchange rates may cause the value of any underlying international investments to go up and down. CIS prices are calculated on a
net asset basis, which is the total value of all the assets in the portfolio including any income accruals and less any permissible deductions (brokerage, STT, VAT,
auditor’s fees, bank charges, trustee and custodian fees and the annual management fee) from the portfolio divided by the number of participatory interests (units) in
issue. The Fund’s Total Expense Ratio (TER) reflects the percentage of the average Net Asset Value of the portfolio that was incurred as charges, levies and fees
related to the management of the portfolio. A higher TER does not necessarily imply a poor return, nor does a low TER imply a good return. The current TER
cannot be regarded as an indication of future TER’s. During the phase-in period TER’s do not include information gathered over a full year.
Huysamer Capital Investments (Pty) Ltd – Co. Reg. No. 2002/005069/07 – Financial Services Provider No. 840
Address: 3 Herold Street, Stellenbosch, 7600. PO Box 98663, Sloane Park, 2152. Telephone: 011 958 0005 Facsimile: 086 552 5278 E-mail:
[email protected]

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