Hollard Prime Dynamic Income Fund
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1 Fund Information Fund Objective Portfolio Manager Total Fund Size R ASISA Fund Sector Benchmark Pension Fund Act Reg 28 Income Distribution Dates Investment Horizon Risk Rating Maximising income, through investments in a spectrum of equity, bond, money market or real estate markets. Prescient Investment Management (Pty) Ltd South African - Multi Asset - Income Median of Sector: (ASISA) South African MA Income Compliant Quarterly (month-end Feb, May, Aug, Nov) 2 to 3 years or longer Moderately Conservative Investment Mandate* The fund's investment policy requires that: > At least 70% be invested in South African markets > Up to 25% may be invested outside of Africa > An additional 5% may be invested in Africa (ex SA) > Up to 10% may be exposed to equities (incl. international equities) > Up to 25% may be exposed to property (incl. international property) * Mandate Compliance: The Fund remains compliant within the reporting fund regime as at the date of this report. Class NAV Over Last 3 Months Month End Jun 2017 Month End Jul 2017 Month End Aug 2017 Class JSE ISIN Units NAV (ZAR) Units NAV (ZAR) Units NAV (ZAR) B HPDIF ZAE ,807, ,429, ,489, ,918, ,388, ,774,504 B3 HPDB3 ZAE ,317,777 39,551,609 38,173,854 39,693,173 37,949,057 39,744,048 C HPDCC ZAE ,335,014 71,109,990 68,266,307 70,519,095 68,351,271 71,126,333 D HPDCD ZAE ,165, ,895, ,740, ,393, ,548, ,291,741 E HPDCE ZAE ,019,560 51,310,065 50,023,368 51,734,167 50,020,430 52,086,274 Page 1 of 9
2 Fund Quarterly Holdings** Domestic Bonds Bonds ABSA AB011 FRN Tier2 Bond Jb ,715, ,714, ABFN % ,226, ,225, African Bank FRN ABK Jb ,892, ,906, ABKS1A JIBA3M ,290, ,299, ABSA FRN Jb ,101, ,113, Absa FRN JB ,295, ,340, ABSA FRN JB ,017, ,020, ABSA BANK FRN JB ,160, ABSA FRN JB ,103, ,109, ABSA FRN JB ,146, ,167, ABSA FRN JB ,096, ,103, Absa Anglo American CLN JB3M+300 4,996, ,996, Absa Standard Bank CLN JB ,049, ,049, Absa Nedbank CLN ASN JB ,039, ,041, Absa Investec CLN JB ,009, ,008, Absa Nedbank CLN JB ,009, ,009, Absa Standard Bank CLN JB ,009, ,008, ABSA GROWTHPOINT PROPERTIES CLN JB ,996, ,992, ABSA FRN ASN JB ,992, ABSA FRN ASN JB ,038, ASPEN PN 8.25% ,957, ,997, ASPEN FRN STEP UP NOTE JB ,140, ,130, Page 2 of 9
3 Domestic Bonds Bonds Std Anglo American CLN CLN288 Jb , Standard Bank of South Africa Ltd CLN F/R ,065, ,067, Standard Bank of South Africa Ltd CLN F/R ,052, Standard Bank CLN 10.55% ,000, Standard Transnet CLN JB , , Standard Bank Eskom CLN JB ,101, STANDARDBANK DBSA CLN CLN JB ,003, ,003, STANDARD BANK GROWTHPOINT PROPERTIES CLN JB ,058, ,058, STANDARDBANK MERCEDE-BENZ CLN CLN JB ,079, ,080, STANDARD BANK DBSA CLN JB ,078, ,082, Standard Bank Mercedes-Benz CLN Jb ,014, ,010, CLN482 JB /05/ ,029, Standard Bank DBSA CLN495 (callable) Jb ,000, DBSA Qtr Step-UP FRN Jb ,141, DBSA Qtr Step-Up FRN Jb ,143, Denel Soc Limited (GG) 6.86% ,013, ,059, Denel GG DENG JB ,003, Denel GG FRN DENG Jb ,003, DENEL SOC LTD GG DENG71 FRN JB ,005, DBSA FRN DVC Jb3+95 4,011, ,012, Development Bank of SA F/R ,245, ,249, DBSA FRN Bond DVF JB ,012, ,011, Eqstra F/R ,003, ,011, THE FOSCHINI GROUP FRN JB ,093, ,095, Page 3 of 9
4 Domestic Bonds Bonds Firstrand FRN 2 Tier Bond FRB Jb ,235, ,232, FRB % ,043, ,047, Firstrand FRB16 FRN JB3M+350bps 6,107, ,215, FirstRand FRB Jb ,150, ,150, FIRSTRAND FRN FRB JB ,026, ,025, Firstrand Transnet CLN Jb , , FIRST RAND 23/ ,142, ,146, Firstrand Bank FRN JB ,120, ,139, Firstrand Bank FRN JB3+82.5bps 4,027, Firstrand Bank FRN JB3+65 2,039, FIRSTRAND FRN JB ,024, Firstrand FRN Jb ,081, FIRSTRAND FRN JB3+90 7,078, FIRSTRAND FRN JB ,074, FIRSTRAND FRN JB3+90 1,006, ,012, Firstrand FRN Jb ,011, Firstrand FRN Jb ,310, ,364, FIRSTRAND FRN JB3+83 4,007, FIRSTRAND FRN JB ,168, ,200, Firstrand FRN Jb ,246, ,274, INVESTEC IBL104 F-F BOND (8.705%; JB ) - - 3,032, Investec IBL79 10% ,174, ,107, IBL94 JB Sep ,070, ,070, IDCSA FRN Jb ,037, ,038, Page 4 of 9
5 Domestic Bonds Bonds INVESTEC NCD 8.00% ,398, Investec NCD 7.96% ,181, IV JB ,154, Investec Transnet CLN (Call) Jb ,093, ,089, IVC088 CLN 8.558% ,035, ,036, Investec Growthpoint CLN IVC Jb ,044, ,044, INVESTEC TRANSNET CLN IVC JB ,642, ,642, INVESTEC IVC119 CLN TRANSNET (CALLABLE) JB ,004, LANDBANK STEP-UP FRN JB ,027, LANDBANK STEP-UP FRN JB ,027, LANDBANK STEP-UP FRN JB ,061, LANDBANK STEP-UP FRN JB ,060, LANDBANK FRN LBK JB ,098, ,100, Mercedes Benz FRN Jb ,020, ,020, NBK27B 7.433% ,203, ,203, Nedbank NBK32B JB3+145bps 5,006, ,005, Nedbank NBK33B JB ,022, ,020, Nedbank NBK37B JB3+140bps 3,022, ,021, Nedbank Transnet CLN Jb , ESK NEDBANK Flt CLN 15,281, ,279, Nedbank Transnet CLN Jb , , Nedbank Eskom GG CLN NCLN JB ,105, ,109, Nedbank FRN NED13 Bond Jb ,928, ,920, Nedbank FRN JB3+80 3,061, Page 5 of 9
6 Domestic Bonds Bonds NEDBANK NON-DEMAT FRN JB ,012, ,014, Nedbank FRN ,085, ,069, Prescient Stable Income B3 5,712, Std Bank FRN 2 Tier Bond SBK Jb ,226, ,225, Std Bank FRN 2 Tier Bond SBK Jb ,693, ,695, SBK20 9.6% , , SBK FRN ,010, ,061, STD 8.87% SBS ,266, ,457, Std FRN Bond SBS JB3M+105 1,220, ,221, Std FRN Bond JB3M+120 1,212, ,211, Standard Bank SBS JB ,032, ,056, STANDARD BANK GROUP SBT JB ,372, ,373, SOUTHCHESTER FRN JB ,037, Southchester FRN Jb ,037, Standard Bank FRN Jb3+90 1,007, ,008, STANDARDBANK FRN JB ,072, STANDARDBANK FRN JB ,062, STANDARD BANK FRN JB ,195, ,223, Standard Bank FRN JB3+80bps 3,020, Standardbank FRN Jb ,021, STANDARD BANK FRN JB ,029, Standard Bank FRN JB3+85 2,040, STANDARD BANK FRN JB ,025, STANDARD BANK FRN JB ,013, ,015, Page 6 of 9
7 Domestic Bonds Bonds TRANSNET TSP % ,621, ,813, Total Domestic Bonds 498,188, ,300, Cash Cash HP St Ass FoF - Man Fee (D) E on ZAR -5, , HP St Ass FoF - Man Fee (D) I on ZAR 5, , HP St Bal FoF - Man Fee (D) E on ZAR -22, , HP St Bal FoF - Man Fee (D) I on ZAR 22, , HP St Def FoF - Man Fee (D) E on ZAR -31, , HP St Def FoF - Man Fee (D) I on ZAR 31, , Cash (Aggregate) -342, , HSBC CALL 6.95% 5,002, ,034, INVESTEC CALL 7% - - 8,011, SWAP NEDBANK 7.65% , , Rand Settlement Account - Capital -47,636, ,396, Rand Income Account 10,876, ,830, Rand Unsettled Trades 169, , Outstanding Coupons - Rand 385, , Outstanding Dividends - Rand 125, Total Domestic Cash -31,276, ,027, Pref Shares Pref Shares Absa Bank Ltd Pref 2,476, ,347, Firstrand Ltd B Pref 2,439, ,422, Nedbank Limited 4,339, ,053, Standard Bank Group Pref 8,145, ,858, Total Domestic Pref Shares 17,400, ,681, Property Real Estate Equites Prop Fund Ltd 3,854, Page 7 of 9
8 Domestic Property Real Estate New Europe Prop Inv Plc 3,939, Nepi Rockcastle PLC - - 4,853, Spear Reit Ltd - - 3,475, Stor-age Property Reit Ltd 1,541, ,631, Tower Property Fund Ltd 7,315, ,920, Total Domestic Property 16,651, ,880, Total Domestic 500,964, ,890, Foreign Bonds Bonds Prescient Flexible Global Income (USD) Fund Class C ,359, Prescient Flexible Global Income USD Fund ZAR Class D 78,777, ,773, Total Foreign Bonds 78,777, ,132, Cash Cash Dollar Settlement Account - Capital Total Foreign Cash Total Foreign 78,777, ,132, TOTAL PORTFOLIO 579,742, ,022, Page 8 of 9
9 Statutory Disclaimer & Notes Issued Date: 13-Sep-2017 This is a general investor report document. Collective Investment Schemes are generally medium to long term investments. The value of participatory interests may go down as well as up. The manager does not provide any guarantee either with respect to the capital or the return of a portfolio. Past performance is not necessarily an indication of future performance. CIS s are traded at ruling prices and can engage in borrowing and scrip lending. Different classes of units apply to these portfolios and are subject to different fees and charges. A schedule of fees and charges and maximum commissions is available on request from the manager. The manager has a right to close portfolios to new investors in order to manage them more efficiently in accordance with their mandates. Commission and incentives may be paid and if so, will be included in overall costs. Forward pricing is used. The manager may borrow up to 10% of the market value of the portfolio to bridge insufficient liquidity. Income is re-invested on the re-investment date. Actual investment performance will differ based on the initial fees applicable, the actual investment date and the date of reinvestment of income. Dealing prices are calculated on a net asset value and auditor s fees, bank charges and trustee fees are levied against the portfolios. Performance is calculated for the portfolio, as well as that the individual investor performance may differ as a result of initial fees, the actual investment date, the date of reinvestment and dividend withholding tax. Income distributions are included in the performance calculations prior to deduction of applicable taxes. Performance numbers and graphs are sourced from MorningStar. NAV to NAV figures have been used. The investment performance is for illustrative purposes only. The investment performance is calculated after taking the actual initial fees and all ongoing fees into account. The reinvestment of income is calculated on the actual amount distributed per participatory interest by using the ex-dividend date NAV price of the applicable class of the portfolio, irrespective of the actual reinvestment date. Risk profile of the fund ranges from low risk to high risk with a low risk potentially associated with lower rewards and a high risk with potentially higher rewards. Foreign securities may be included in the portfolio from time to time and as such may result in the following: potential constraints on liquidity and the repatriation of funds; macroeconomic risks; political risks; foreign exchange risks; tax risks; settlement risks and potential limitations on the availability of market information. The daily cut off time is 14:00 for trades and the valuation point is 17:00. Prices are published on Finswitch by 10:00 daily. Prime Collective Investment Schemes Management Company (RF) (Pty) Ltd is registered as a Collective Investment Scheme Manager in terms of Section 5 of the Collective Investment Schemes Control Act and is a member of ASISA. One can also obtain additional information on Prime products on the Prime CIS website and all price related queries or information is readily available on request. Investment management performed by Hollard Investment Managers (Pty) Ltd Hollard Villa Arcadia, 22 Oxford Street, Parktown, Johannesburg. Hollard Investments is a division within the Hollard Life Assurance Company and Hollard Investment Managers. Both companies are authorised Financial Services Providers. Portfolio Manager Contact details: Prescient Investment Management (Pty) Ltd: (T) (E) info@prescient.co.za Page 9 of 9
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