43.5 /
2.03%
2146
NAV on 2021/02/25
| NAV on 2021/02/24 |
2102.5 |
| 52 week high on 2021/02/25 |
2146 |
| 52 week low on 2020/03/23 |
1437.28 |
| Total Expense Ratio on 2020/12/31 |
1.41 |
| Total Expense Ratio (performance fee) on 2020/12/31 |
0.21 |
| Basic Materials |
42.80 |
31.97% |
| Consumer Goods |
14.42 |
10.77% |
| Consumer Services |
14.91 |
11.13% |
| Derivatives |
0.05 |
0.04% |
| Financials |
21.96 |
16.40% |
| Health Care |
6.22 |
4.65% |
| Industrials |
5.96 |
4.45% |
| Liquid Assets |
8.78 |
6.55% |
| Technology |
17.58 |
13.13% |
| Telecommunications |
1.16 |
0.87% |
| Offshore |
0.06 |
0.04% |
Management company:
H4 Collective Investments (RF) Pty Ltd. |
Formation date:
2011/10/06 |
ISIN code:
ZAE000159976 |
Short name:
U-IPFOCUS |
Risk:
Unknown |
Sector:
South African--Equity--General |
Benchmark:
80% FTSE/JSE Capped Index and 20% short term fixed interest composite. |
Tony Bell
Tony manages our range of target return, absolute return and managed equity product offerings. He has over 24 years investment experience and was previously the chief investment officer of Syfrets and Nedcor Investment Bank Asset Management (NIBAM). Tony joined the company in 2000 as head of business development, returning to his fund management roots in October 2008.After assuming responsibility for the target return funds, Tony worked with Fernando Durrell to develop a sophisticated asset allocation framework that is able to adjust to a range of different macro environments. This process, together with active stock and bond selection has had a marked impact on the performance of Vunani Fund Managers’ suite of target return funds. Tony has, in addition, worked with Fernando in developing the absolute return offering. Tony holds a Masters degree from the University of Stellenbosch. His thesis explored determinants of the price formation process of equities.
H4 Focused Wealth Comment - Dec 19
2020/02/19 00:00:00
The H4 Focused Wealth Fund (‘the fund’) delivered 6.8% in Q4-2019; ahead of its composite benchmark which rose 4.5%. The main contributors to the fund’s quarterly performance were the positions in Amplats, Impala Platinum, Anglo American, AngloGold Ashanti and Clicks. The main detractors were Woolworths, Prosus, Standard Bank Group, Nedbank Group and Transaction Capital. The fund continues to adhere to its policy.
The H4 Focused Wealth Fund is a high risk equity fund. The primary objective of this portfolio is to achieve capital appreciation over the medium term.
South African-based Vunani Fund Managers (Pty) Ltd (Tony Bell) is the third party investment manager appointed by H4 Collective Investments (RF) (Pty) Ltd and Citadel Investment Services Proprietary Limited.
The portfolio will have a minimum equity exposure of 80%, and will typically hold, but not be limited to, 40 equity securities. It has a dynamic growth focus and targets a focused portfolio of high conviction positions for a specific target market. There shall be no limitations on the relative exposure of the portfolio to any asset class for the balance of the portfolio's assets. The fund's investment universe includes assets in liquid form, and securities across the equity, fixed interest and property markets. The fund is also permitted to invest in offshore investments, as well as participatory interests in portfolios of collective investment schemes, as permitted by legislation. Listed and unlisted financial instruments may be used for efficient portfolio management only.
