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-3.23  /  -1.64%

196.67

NAV on 2020/01/23
NAV on 2020/01/22 199.9
52 week high on 2019/05/03 213.15
52 week low on 2019/08/27 178.56
Total Expense Ratio on 2019/09/30 1.06
Total Expense Ratio (performance fee) on 2019/09/30 0
NAV Incl Dividends
1 month change -1.76% -1.76%
3 month change 2.12% 2.12%
6 month change -2.36% -2.36%
1 year change -2.12% 1.25%
5 year change 2.47% 4.57%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Basic Materials 138.71 18.98%
Consumer Goods 81.17 11.11%
Consumer Services 61.75 8.45%
Financials 238.76 32.66%
Health Care 30.47 4.17%
Industrials 80.27 10.98%
Liquid Assets 14.40 1.97%
Technology 58.42 7.99%
Telecommunications 27.01 3.70%
  • Top five holdings
 STANBANK 51.55 7.05%
 ABSA 51.49 7.04%
 NASPERS-N 46.41 6.35%
 REUNERT 38.12 5.22%
 EXXARO 36.80 5.03%
  • Performance against peers
  • Fund data  
Management company:
Prescient Management Company Ltd. (PIM)
Formation date:
2011/10/06
ISIN code:
ZAE000160693
Short name:
U-CLUCAEQ
Risk:
High
Sector:
South African--Equity--General
Benchmark:
SWIX total return net of fees
Contact details

Email
info@prescient.co.za

Website
http://www.prescient.co.za

Telephone
+27-21-700-3600

  • Fund management  
Andrew Vintcent
Andrew Vintcent has worked the asset management industry since 2000. Prior to joining ClucasGray, Andrew held various portfolio management, research and executive roles at RMB Asset Management and Stanlib. In 2015 Andrew embarked on a journey to set up and grow an Asset Management boutique. He was drawn to ClucasGray’s business ethos and their desire to develop and grow their asset management business, and joined them as the Portfolio Manager and an equity investor in ClucasGray Asset Management.
Grant Morris
Grant Morris joined ClucasGray in 2014 and began his career in investment management in 2000. Prior to joining ClucasGray, Grant spent 12 years at Melville Douglas where he held various portfolio management and analyst positions.


  • Fund manager's comment

ClucasGray Equity Prescient Comment - Sep 19

2019/10/17 00:00:00
Equity market returns have underwhelmed for much of the last year, with the 3rd quarter being no exception. The ClucasGray Equity Fund is down 3% over the last year, behind the Swix, and slightly behind the peer group, which declined 1%. Over the last 3 years, the fund has gained over 4%, comparing favorably to Swix of 2.6% and the peer group of 1.1%. It is now 8 years since the fund was launced in October 2011 - it has delivered a compound return of 11% per annum, compared to the Swix of 11.3% and the peer group of 8.4%.
It was a tough quarter for some large holdings - Sasol, Exxaro struggled in the Resources sector, whilst the Platinum shares, whcih we haven't owned, rallied strongly. Financials too struggled, whilst holdings in Clover and Zeder performed well on the back of corporate action. During the quarter, we took advantage of numerous opportunities where good companies were sold off into a void of liquidity, reaching valuations we deemed to be very attractive.
Please read the ClucasGray Asset Management September 2019 quarterly at www.cgam.co.za for more insights into our views and portfolio positioning.
  • Fund focus and objective  
The ClucasGray Equity Prescient Fund is a SA only, general equity fund. The fund aims to provide long term capital growth ahead of its benchmark (SWIX) and the competing unit trust category by investing in any shares that are listed on the JSE. The fund is a high conviction fund aiming to hold no more than 25 stocks at any one time. Fundamental analysis, a valuation discipline and a belief that inefficient markets create opportunities in mispriced assets underpin our process.
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