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104.63

NAV on 2019/03/19
NAV on 2019/03/18 104.63
52 week high on 2018/03/21 117.76
52 week low on 2018/10/30 93.28
Total Expense Ratio on 2018/12/31 0.36
Total Expense Ratio (performance fee) on 2018/12/31 0
NAV Incl Dividends
1 month change 3.46% 3.46%
3 month change 8.89% 8.89%
6 month change 1.15% 1.15%
1 year change -10.74% -3.97%
5 year change 0.7% 2.58%
10 year change 0.35% 1.28%
Price data is updated once a day.
  • Sectoral allocations
Basic Materials 73.49 5.22%
Consumer Goods 12.63 0.90%
Consumer Services 31.40 2.23%
Derivatives 72.40 5.14%
Financials 92.87 6.59%
Gilts 670.92 47.64%
Health Care 7.99 0.57%
Industrials 32.12 2.28%
Liquid Assets 121.91 8.66%
Money Market 284.54 20.21%
Technology 1.82 0.13%
Telecommunications 6.15 0.44%
  • Top five holdings
FUTURES M 61.63 4.38%
MM-08MONTH 52.93 3.76%
MM-12MONTH 37.03 2.63%
MM-02MONTH 32.50 2.31%
MM-03MONTH 32.24 2.29%
  • Performance against peers
  • Fund data  
Management company:
Prescient Management Company Ltd. (PIM)
Formation date:
2016/12/21
ISIN code:
ZAE000238283
Short name:
U-PCOREE
Risk:
Unknown
Sector:
South African--Equity--General
Benchmark:
FTSE/JSE Shareholder Weighted All Share Total Return Index
Contact details

Email
info@prescient.co.za

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

Telephone
+27-21-700-3600

  • Fund management  
Fazila Manjoo


  • Fund manager's comment

Prescient Core Equity comment - Sept 18

2018/12/14 00:00:00
Trade war rhetoric was once again the primary source of market volatility last month. Initially, markets were buoyed by lower than expected tariffs placed on imports by both the US and China, as the trade war was then deemed to be less severe than initially expected. At the same time, the US invited China to further trade talks, on which practitioners were most likely placing a high probability of a promising outcome. At the drop of a dime, this quickly changed when China called off the talks, which sent emerging markets into a tailspin. The MSCI World index added 4.53% in Q3 as demand for quality assets rose. Conversely, the MSCI Emerging Markets index lost -2.02% over the same period as risk off sentiment took its toll. US and EU markets were mostly up over the quarter with the S&P 500 and the CAC40 indices closing 7.20% and 3.19% up respectively. The DAX index lost -0.48% in Q3 as fears grew that Germany was next in line to face the wrath of Trump's nationalist policies. Domestically, SA officially entered a recession, which caught markets off guard to some extent. To counter this, President Ramaphosa released plans to ignite domestic growth, which was well received by markets. Nevertheless, the JSE All Share index ended the third quarter -2.17% in the red. This was driven largely by the Industrials sector, which shed -8.25% over the quarter. The Resources and Financials sectors on the other hand proved to be more resilient and ended up 4.60% and 4.20% respectively. The Fund returned -4.57% for the month, marginally behind the FTSE/JSE SWIX Index (-4.54%).
Contributors to Performance The positions that contributed the most to the performance of the fund were Anglo American PLC (+7.77%), Impala Platinum Holdings (+53.63) and Old Mutual Ltd (+4.64%).
Detractors from Performance The largest detractors from the months' performance were Naspers (-6.36%), Aspen (-41.88%) and Sasol (-3.63%).
  • Fund focus and objective  
The fund will invest in selected shares across all industry groups as well as across the range of large and mid-cap shares. The portfolio will seek enhancement opportunities by focusing on cost-effective and financially sound equity selection. The portfolio will predominately invest in South African markets, but is however permitted to include investments in offshore jurisdictions subject to the investment conditions determined by the Registrar from time to time.
The portfolio is permitted to invest in listed and unlisted financial instruments in line with the conditions as determined by legislation from time to time. The portfolio may apart from assets in liquid form also include participatory interests or any other form of participation in portfolios of collective investment schemes or other similar schemes. Where the aforementioned schemes are operated in territories other than in South Africa, participatory interests or any other form of participation in these schemes will be included in the portfolio only where the regulatory environment is to the satisfaction of the manager and trustee and is of a sufficient standard to provide investor protection at least equivalent to that in South Africa.
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