NAV on 2021/01/19
|NAV on 2021/01/18
|52 week high on 2021/01/19
|52 week low on 2020/03/19
|Total Expense Ratio on 2020/09/30
|Total Expense Ratio (performance fee) on 2020/09/30
STANLIB Collective Investments (RF) (Pty) Limited
South African--Equity--Large Cap
FTSE/JSE SWIX 40 Index (J400T)
After beginning his career as a financial accountant in the employee benefits industry, Ryan joined STANLIB Asset Management in their Institutional Pricing team in 2008. He got experience in the Offshore Trades Processing team from 2010, before moving on to Alternative Investments as market maker for the ETFs and executing trades for the index-tracking funds, as well as assistance with portfolio management. He was appointed a Portfolio Manager in 2017. Ryan has a BCom in Taxation degree, is a JSE Registered Securities Trader, as well as a Registered Bond Trader and has been awarded a MBA from Wits Business School.
Possessing a very strong academic record and a passion for financial markets, Ann joined the Beta Quants team in 2012. As a quantitative analyst, she specialises in asset allocation, portfolio construction, investment risk management and multi-factor risk modelling. She is currently a Portfolio manager at STANLIB Index Investmentsresponsible for the management of R 22 billion across quantitative enhanced index funds, smart beta funds, completion strategies and index tracking fund across a number of asset classes. Ann studied at Wits University, where she took a BSc in Mathematical Sciences with double majors in Pure Mathematics and Economic Sciences. She then went on to do her BSc honours degree studying Advanced Mathematics of Finance. She is currently studying towards a MSc in Statistical Science from UCT where her thesis covers 'Tactical Asset Allocation with Flexible Investor Views'.
1NVEST Swix 40 EFT- Dec 19
The fund has performed in-line with the index over the quarter. The last quarterly review of the index saw the deletion of Aspen, Life Healthcare Group Holdings, PSG Group and Sappi. This was complemented by the addition of Gold Fields, Impala Platinum and Sibanye Gold. The fund was repositioned for shares in issue and free-float changes, with Naspers remaining the largest holding in the fund. The fund benefited from its exposure to Anglo-Gold Ashanti, which was the top performer returning 46.2%, together with Anglo-American Platinum and Woolworths Holdings. However, its exposure to Shoprite, Aspen and Discovery detracted from performance over the quarter, as these were the three worst performers in the fund. Shoprite returned -28.9% over the quarter.
The investment policy of the portfolio shall be to replicate the FTSE/JSE Swix Top 40 Index as closely as possible by, apart from holding assets in a liquid form -
Buying only securities included in the Index, in the weightings in which they have been Included in the Index; and
Selling only securities which are excluded from the Index from time to time as a result of corporate actions or quarterly Index reviews, so as to ensure that at all times the portfolio holds securities included in the Index in the same weightings as they are included in the Index; or
Trading in derivative instruments, as permissible in terms of the Act, to replicate the Index.
The sole purpose of buying and selling securities in the portfolio is to ensure Index tracking and not a profit motive. The manager will therefore not buy or sell securities based on economic, financial, investment judgement or any market analysis. The objective of the portfolio is solely full Index replication.
The composition of the portfolio will be adjusted quarterly or at any other time that the Index provider, FTSE/JSE affect changes to the Index.
The portfolio shall hold securities purely for the economic rights and benefits attaching thereto and, accordingly, if there is a takeover bid or other corporate actions occurs in relation to any entity the securities of which are included in the portfolio, the portfolio shall not surrender any securities held by the portfolio which may be subject to such takeover bid or other corporate action, unless such surrender is mandatory in terms of any applicable law or under the rules of a regulatory authority or body having jurisdiction over the portfolio and/or the applicable securities. However if any takeover or corporate action results in an entity previously included in the Index no longer qualifying for inclusion in the Index, any securities in such entity held by the portfolio, shall be disposed of by the portfolio and the proceeds derived from such disposal shall be applied in effecting the appropriate adjustments to the portfolio so as to ensure same tracks the Index.
The portfolio's ability to replicate the price and income performance will be affected by the cost and expenses incurred by the portfolio.