INVESTMENT STRATEGY
Cannon Asset Managers’ Balanced Growth TFSA Bundle invests across all the major asset classes. including equities. property. bonds. commodities and cash to produce long-term investment returns with a moderate risk profile. The strategic allocation to the various asset classes is fixed at optimal weights. although this is varied tactically from time-to-time to protect investments against market risks or to take advantage of asset class mispricing.
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 goal of the bundle is to steadily create wealth for investors over the longer term by balancing income generation and capital growth whilst managing the risk of investment losses.
INVESTMENT GUIDELINES
Cannon Asset Managers’ Balanced Growth TFSA Bundle invests in a portfolio of equities. property. bonds. commodities and cash. The TFSA bundle is managed to comply with the investment limits governing retirement funds (Regulation 28 of the Pension Funds Act). This means the TFSA bundle may hold foreign assets with an exposure of up to 30% of the investment value. with an allowance for an additional 10% for African (ex-South Africa) investments. The TFSA bundle may have exposure to growth assets. including equities (up to 60% as a medium-equity investment) and property (up to 25%). As a result. the TFSA bundle will not hold more than 85% exposure to equities and property combined and will never have less than 60% exposure to South African assets.
EFFECTIVE ANNUAL COST (EAC)
Underlying Bundle Total Expense Ratio (TER) 0.41
Transaction Costs 0.13
Asset Management Charge 0.40
Effective Annual Cost (%) 0.94
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| RA Investable | NO |
| Launch Date | 2018/10/31 |
| Benchmark | CPI+4 |
| Minimum Time Horizon | 3 Years |
| Management/Bundle Fee | 0.40% |
| TER | 0.81% |
| Estimated TC | 0.13% |
| Estimated TIC | 0.94% |
| May 2021 | 2.17% |
| Last 3 Months | 4.65% |
| Last 6 Months | 16.39% |
| YTD | 6.59% |
| Last 12 Months | 19.90% |
| Last 3 Years | N/A |
| Last 5 Years | N/A |
| Since Inception | N/A |
| Since Inception | 11.68% |
| 1 Year Volatility | 9.92% |
| 3 Year Volatility | 11.68% |
| Best Month | 8.43% |
| Worst Month | -9.2% |
| Maximum Drawdown | -16.33% |
| Bonds | 28.09% |
| Property | 5.24% |
| Cash | 9.28% |
| Local Equity | 26.22% |
| Foreign Equity | 31.17% |
Here is a list of companies/ETFs that make up this bundle.
