NAV on 2021/03/01
|NAV on 2021/02/26
|52 week high on 2021/02/25
|52 week low on 2020/03/19
|Total Expense Ratio on 2020/12/31
|Total Expense Ratio (performance fee) on 2020/12/31
H4 Collective Investments (RF) Pty Ltd.
South African--Equity--Large Cap
FTSE/JSE Capped Top 40 Index (J300T)
Wynand van Niekerk
Wynand commenced his career as a qualified engineer with Iscor and then joined Sasol. He gained experience as a company analyst with a medium sized stock broking firm and is a member of SAFEX. He was involved with the management of private client portfolios before joining Absa.Wynand is currently employed by Abvest Associates.
Victor von Reiche
Citadel SA 20/20 Equity Comment - Dec 19
The Citadel SA 20/20 Equity H4 Fund (‘the fund’) delivered 3.6% in Q4-2019, as the FTSE/JSE Capped Top 40 Index rose 5.2%. At sector level, the fund benefitted from an overweight allocation to healthcare, along with underweight in consumer services and telecommunications. Detractors included the underweight allocation to materials, along with the overweights in financials and consumer goods. At stock level, the fund benefitted from holding Remgro, RMB Holdings, PSG Group, British American Tobacco, Growthpoint and Sanlam. Detractors included positions in BHP Group, NEPI Rockcastle, Standard Bank, MTN Group, Nedbank and Anglo American. No changes were made to the fund during the quarter. The fund continues to adhere to its policy.
The CITADEL SA 20/20 EQUITY H4 FUND is a high risk equity fund. In addition to the other investments permitted below, the portfolio will consist of a concentrated portfolio of 20 equity shares which will be chosen in various stages of value, growth and momentum with roughly a third of the portfolio being in each of these phases at any given point in time thereby providing diversified returns. The investment manager will also use a number of different valuation models to assist with the selection process. These models blend into a process that is a style-neutral, buy and hold approach with a low turnover of investments selected for long-term holding over a 20 year period. This differs markedly from the universe of equity funds in South Africa given long holding periods and a concentrated portfolio of just 20 stocks.