About the Manager and Strategy

RISK
35-70

Cannon Asset Managers’ Assertive Growth Bundle uses a flexible approach to invests across all the major asset classes. including equities. property. bonds. commodities and cash to produce long-term returns ahead of inflation plus five percent (CPI + 5%). The portfolio manager has complete flexibility in asset allocation between and within asset classes. countries and regions. No minimum or maximum holding applies to South African or offshore assets. This flexibility allows the manager to tactically vary asset exposure from time-to-time to take advantage of asset class mispricing or to protect investments against market risks.

The exposure within the different asset classes is managed on a passive basis. which ensures holdings deliver efficient asset-class returns and costs are kept as low as possible. The primary goal of the bundle is to produce high capital growth over the longer term.

Cannon Asset Managers’ Assertive Growth Bundle invests in a portfolio of equities. property. bonds. commodities and cash. The bundle does not comply with the investment limits governing retirement funds (Regulation 28 of the Pension Funds Act). In the long run. the strategic allocation targets holding half of the portfolio in South African assets and half of the portfolio in offshore assets. However. there are no limits or constraints to the geographic allocation or currency allocation of the portfolio.

Similarly. the portfolio may be aggressively managed. with underlying assets being shifted between different markets and various asset classes to reflect changing economic and market conditions. The manager has full discretion over asset allocation to maximise total returns over the long term.

The bundle is suited to investors who:

1. Are looking for long-term capital growth ahead of consumer price inflation.

2. can tolerate short-term portfolio volatility associated with an assertive investment mandate.

3. have an investment horizon of at least five years.

EFFECTIVE ANNUAL COST (EAC)

Underlying Bundle Total Expense Ratio (TER) 0.46

Transaction Costs 0.13

Asset Management Charge 0.65

Effective Annual Cost (%) 1.23

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Bundle Information

RA Investable NO
Launch Date 2018/04/30
Benchmark CPI+5
Minimum Time Horizon 5 Years
RA ZAR TFSA USD

Percentage and Performance

Costs

Management/Bundle Fee 0.65%
TER 1.11%
Estimated TC 0.13%
Estimated TIC 1.24%

Performance

* Performance quoted excludes management / bundle fee's
May 2021 2.07%
Last 3 Months 5.44%
Last 6 Months 16.70%
YTD 7.61%
Last 12 Months 17.19%
Last 3 Years N/A
Last 5 Years N/A
Since Inception N/A

Bundle NAV

Volatility

Since Inception 12.26%
1 Year Volatility 12.24%
3 Year Volatility 12.26%
Best Month 9.61%
Worst Month -8.52%
Maximum Drawdown -15.17%

Sector Allocation

Asset Allocation

Bonds 0%
Property 18.03%
Cash 6.57%
Local Equity 38.58%
Foreign Equity 36.82%

Constituents

Here is a list of companies/ETFs that make up this bundle.

Satrix MSCI World ETF
17.12%
Sector
Foreign Equity
Industry
Sub Industry
Industry Group Name
CoreShares Top50 ETF
11.40%
Sector
Local Equity
Industry
Sub Industry
Industry Group Name
Ashburton MidCap ETF
10.76%
Sector
Local Equity
Industry
Sub Industry
Industry Group Name
CoreShares S&P Global Property ETF
10.69%
Sector
Real Estate
Industry
Sub Industry
Industry Group Name
Satrix DIVI ETF
10.07%
Sector
Local Equity
Industry
Sub Industry
Industry Group Name
Satrix MSCI Emerging Markets ETF
9.23%
Sector
Foreign Equity
Industry
Sub Industry
Industry Group Name
NewGold ETF
7.18%
Sector
Materials
Industry
Sub Industry
Industry Group Name
1nvest SA Property ETF
7.07%
Sector
Real Estate
Industry
Sub Industry
Industry Group Name
SYGNIA ITRIX MSCI JAPAN
5.17%
Sector
Foreign Equity
Industry
Sub Industry
Industry Group Name
SYGNIA ITRIX EUROSTOXX50
4.67%
Sector
Foreign Equity
Industry
Sub Industry
Industry Group Name
Cash
3.97%
Sector
Industry
Sub Industry
Industry Group Name
NewFunds TRACI 3 Month ETF
2.60%
Sector
Cash
Industry
Sub Industry
Industry Group Name