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2.41  /  1.23%

196.39

NAV on 2021/03/01
NAV on 2021/02/26 193.98
52 week high on 2020/03/05 208.94
52 week low on 2020/05/25 144.97
Total Expense Ratio on 2020/12/31 1.62
Total Expense Ratio (performance fee) on 2020/12/31 0
NAV
Incl Dividends
1 month change 8.59% 8.59%
3 month change 16.51% 16.51%
6 month change 24.72% 24.72%
1 year change -2.52% 5.76%
5 year change -4.31% -1.47%
10 year change 4.11% 6.27%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Additional 0.95 0.89%
Basic Materials 13.04 12.26%
Consumer Goods 15.37 14.45%
Consumer Services 8.77 8.25%
Financials 24.13 22.68%
Health Care 2.30 2.16%
Industrials 21.91 20.60%
Liquid Assets 10.83 10.18%
Technology 4.64 4.36%
Offshore 4.44 4.17%
  • Top five holdings
INDUSTRIALS 21.91 20.6%
CONSUMERGDS 15.37 14.45%
DOMESTICFUNDR 15.33 14.41%
BASICMATERIAL 13.04 12.26%
FINANCIALS 8.80 8.27%
  • Performance against peers
  • Fund data  
Management company:
Prescient Management Company Ltd. (PIM)
Formation date:
2009/09/01
ISIN code:
ZAE000140539
Short name:
U-CLUGRAY
Risk:
Unknown
Sector:
South African--Multi Asset--Flexible
Benchmark:
CPI upper limit as targeted by SARB before management fees
Email
info@prescient.co.za

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

Telephone
+27-21-700-3600

  • Fund management  
Brendon Hubbard
Brendon has been in the financial markets since 1998. He joined ClucasGray in 2008 and was previously the head of the Advisory Trading Desk in Johannesburg for Investec Securities and served on the Discretionary and Offshore committee. Brendon completed his MBA through the Edinburgh Business School in 2008.
James Clucas


  • Fund manager's comment

ClucasGray Future Titans Prescient Cmmnt - Dec 19

2020/02/24 00:00:00
Markets performed strongly in December with the Future Titans Fund ending the month up 2.3%, outperforming the Flexible index and small cap indices with returns of 1.2% and -0.4% respectively. Motus had a strong rally with a 15% return for the month, largely driven by stronger vehicle sales numbers. December passenger vehicle sales rose 9% and was positive for the 4th consecutive month. Furthermore, January and February are expected to be positive on the back of weak base effects. While Haval, the recent entrant to the vehicle market has continued to grow, demand for Motus’ brands (Kia and Hyundai) has increased shelving fears of market share losses. Metrofile ended the month 23% higher on the news of a cash offer from a US-based private equity firm to acquire the entire issued share capital of the record management business for R3.30 per share. The offer is currently subject to certain conditions but is likely to be concluded in the next few months. The offer represents a healthy 126% premium to the 30-day volume weighted average price of the shares as at the day before the publication of the first cautionary announcement. Furthermore, should an interim dividend be declared by management, this would be paid to shareholders in addition to the cash consideration. Metair, the manufacturer, distributor and retailer of energy storage solutions and automotive components, has received unsolicited offers for its battery business. The company is engaging with shareholders over the offers. Management are considering a managed separation of the two divisions which would invariably unlock value for stakeholders.
  • Fund focus and objective  
The Future Titans Prescient Fund has a flexible mandate to invest in a range of asset classes but will typically have high exposure to companies outside of the Top 40 Index. The fund is permitted to invest 25% offshore plus an additional 5% in Africa. The primary objective of the fund is to achieve real long-term capital growth ahead of CPI + 6%. The fund looks to acquire fast growing, mispriced, mid-and small-cap shares, “Future Titans”, on the back of high conviction fundamental investment calls. The fund has a deep value / activist bias.
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