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4.86  /  2.5%

194.5

NAV on 2021/02/25
NAV on 2021/02/24 189.64
52 week high on 2021/02/25 194.5
52 week low on 2020/03/23 129.89
Total Expense Ratio on 2020/12/31 2.52
Total Expense Ratio (performance fee) on 2020/12/31 0.28
NAV
Incl Dividends
1 month change 5.01% 5.01%
3 month change 14.47% 14.47%
6 month change 24.19% 24.3%
1 year change 11.22% 11.44%
5 year change -1.05% 1.02%
10 year change -1% 0.99%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Basic Materials 3.02 22.10%
Consumer Goods 1.22 8.93%
Consumer Services 1.07 7.86%
Financials 3.19 23.31%
Industrials 2.00 14.67%
Investment Instruments 0.40 2.94%
Liquid Assets 0.66 4.85%
Technology 1.63 11.96%
Telecommunications 0.46 3.38%
  • Top five holdings
 ANGLO 1.11 8.1%
 BHP 0.88 6.47%
 BYTES 0.77 5.64%
 PAN-AF 0.70 5.1%
 METAIR 0.66 4.81%
  • Performance against peers
  • Fund data  
Management company:
H4 Collective Investments (RF) Pty Ltd.
Formation date:
2005/07/01
ISIN code:
ZAE000068110
Short name:
U-CANEQUI
Risk:
Unknown
Sector:
South African--Equity--General
Benchmark:
FTSE/JSE All Share Index
Email
info@h4ci.co.za

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

Telephone
021-670-9100

  • Fund management  
Adrian Saville
Adrian assumed the role of Citadel Chief Strategist after a joint venture between Cannon and Citadel in 2014. He offers tactical asset allocation input for client portfolios and is a disciple of fundamental investing. Adrian has been involved in the investment management industry since 1994, when he formed an investment vehicle which later led him to establish BayHill Capital Advisors in 1998, the forerunner to Cannon Asset Managers. As an executive director and Chief Investment Officer of Cannon Asset Managers, Adrian has experience in managing all of the major asset classes, including equities, bonds, property, cash and derivative instruments. Adrian was awarded the Economics Society of South Africa's Founders Medal for his PhD which he completed in 1997. He is a UNESCO laureate. Alongside his career in asset management, Adrian holds a Visiting Professorship in Economics and Finance at the Gordon Institute of Business Science.
Samantha Steyn


  • Fund manager's comment

Cannon Equity H4 - Dec 19

2020/02/19 00:00:00
Investor sen..ment was upbeat in December, with markets rallying on the back of the Phase 1 trade deal between China and the US. The FTSE/JSE All Share Index delivered 4.6% for Q4-2019, with an overall return of 12.1% for 2019. Resources were the largest contributors to the overall market return for the year, rallying 28.5%; while industrials and financials retuned 8.9% and 0.6% respec..vely. The Cannon Equity H4 Fund (‘the fund’) was up 4.2% in Q4-2019. The largest detractors from fund performance were Onelogix (-12.2%) and KAP Industrials (-11.2%). The largest contributors were Metrofile (+34.3%) and Raubex (+25.9%). During the quarter, Metrofile announced that US-based Housatonic Consor..um had made a condi..onal, non-binding offer to acquire 100% of the group. Housatonic has offered to pay R3.30 per share in cash, represen..ng a 43.4% premium above Metrofile’s share price at the ..me of the announcement. We con..nue to see increased corporate ac..vity in the market, driven by the current low valua..ons. The fund currently trades on a PE mul..ple of 10 ..mes and a dividend yield of 4.5% which, compared to historical valua..ons and the market’s metrics, is a..rac..ve. The fund con..nues to adhere to its policy.
  • Fund focus and objective  
The Cannon Met Equity Fund aims to deliver sustainable growth in capital through exposure to listed equities over a three to five year investment horizon. Recognising the relatively long-term horizon, the fund endeavours to outperform the JSE's All Share index (alsi) on a rolling basis and, in so doing, deliver returns that ensure real growth in investors' wealth. The portfolio manager does not make use of gearing or derivative instruments to acheive the investment objective. Asset class risk must be managed by investors outside of the fund.
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