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  •  Element Earth Equity Sanlam Collective Investments Fund (A)

-2.08  /  -0.4%

520.13

NAV on 2021/04/19
NAV on 2021/04/16 522.21
52 week high on 2021/04/16 522.21
52 week low on 2020/10/30 401.59
Total Expense Ratio on 2020/12/31 1.81
Total Expense Ratio (performance fee) on 2020/12/31 0
NAV
Incl Dividends
1 month change 4.25% 4.25%
3 month change 14.36% 14.36%
6 month change 23.04% 23.46%
1 year change 26.53% 28.97%
5 year change 2.18% 3.57%
10 year change 1.49% 2.93%
Price data is updated once a day.
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  • Sectoral allocations
14.40 27.29%
Basic Materials 4.39 8.32%
Construction 12.75 24.17%
Financials 6.20 11.75%
Health Care 4.60 8.72%
Industrials 2.07 3.93%
Liquid Assets 3.16 5.99%
Telecommunications 5.19 9.84%
  • Top five holdings
 MTN GROUP 4.86 9.21%
AFROX 4.39 8.32%
 ANGGOLD 3.64 6.9%
 BHP 3.10 5.87%
 BATS 2.43 4.6%
  • Performance against peers
  • Fund data  
Management company:
Sanlam Collective Investments
Formation date:
2001/10/02
ISIN code:
ZAE000077368
Short name:
U-FRAEQUI
Risk:
Unknown
Sector:
South African--Equity--General
Benchmark:
FTSE/JSE All Share index
Email
No email address listed.

Website
No website listed.

Telephone
021-947-9111

  • Fund management  
Terence Craig
Terence joined Element Investment Managers in April 2001 and was appointed as a director and chief investment officer. He has worked in financial services since 1991. Prior to joining Element Investment Managers, Terence qualified as a chartered accountant after completing his articles with Ernst & Young and then worked at Allan Gray Ltd as an equity analyst and portfolio manager. In 1998 he became a director of Taita, a private equity house. At UCT he was awarded: Standard Bank University Scholarship, UCT Entrance Merit Scholarship, was on the Dean's Merit List in 1988 and was awarded the class medal for Business Finance (his Business Science special field) and the class medal for Applied Business Statistics II. Terence has been responsible for the investment process and investment team since joining Element Investment Managers over five years ago.
Andrew Bishop


  • Fund manager's comment

Element Earth Equity SCI Fund - Dec 19

2020/02/26 00:00:00
The Element Earth Equity SCI Fund (“Fund”) realised a total return of +3.4% for the quarter to the end of December 2019, behind its benchmark’s (FTSE/JSE All Share Index: “ALSI”) return of +4.6% over the quarter.
The December 2019 quarterly performance brings the rolling one-year total return of the Fund to +6.6% (below the ALSI’s +12%) and annualised total return over the last rolling three years to +5.3% p.a. (note that all returns are net of/after fees). Element Earth Equity SCI Fund has outperformed the ASISA South Africa Equity General category average of +3.9% p.a. over the last rolling three years, despite the Fund being a SA Equity-only Fund (i.e. it has zero global equity exposure).
The Fund’s underperformance over the 2019 year was largely due to our overweight positions in Afrox and Glencore as well as our underweight position in Naspers. South African domestic-focused shares underperformed the ALSI owing to little earnings growth generated from the South African economy. The underperformers overshadowed strong performances from the Fund’s over-weights in the Gold and Platinum sector.
  • Fund focus and objective  
The Element Earth Equity Fund is an actively managed, domestic general equity fund that aims to provide investors with the opportunity to achieve long-term capital appreciation with a moderate level of income. This is done by investing in a portfolio of equities listed on the JSE. In addition, the fund uses its presence to promote awareness of corporate responsibility performance measurements, including environmental management, social responsibility, economic empowerment and corporate governance. This is achieved through constructive engagement with management of the companies in which the fund invests in. The fund is suitable for individuals who are in wealth build-up phase or individuals and small retirement funds that wish to make a positive impact on the corporate landscape by investing in a fund that promotes good corporate citizenship.
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