Hollard Prime Dynamic Income Fund

Transcription

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 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 60% be invested in South African markets > Up to 30% may be invested outside of Africa > An additional 10% 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 Apr 2018 Month End May 2018 Month End Jun 2018 Class JSE ISIN Units NAV (ZAR) Units NAV (ZAR) Units NAV (ZAR) B HPDIF ZAE ,203, ,662, ,688, ,810, ,226, ,617,112 B3 HPDB3 ZAE ,716 82,540 80,633 83,189 81,894 83,597 C HPDCC ZAE ,734,034 70,738,204 68,751,983 70,360,779 65,836,752 66,672,879 D HPDCD ZAE ,830, ,361, ,520, ,535, ,654, ,627,541 E HPDCE ZAE ,149, ,787, ,150, ,803, ,738, ,177,736 Page 1 of 9

2 Fund Quarterly Holdings** Domestic Bonds Bonds ABSA AB011 FRN Tier2 Bond Jb ,765, ,760, ABFN % ABKS1A JIBA3M ,332, ,346, ABSA FRN JB3+90 1, ,152, Absa FRN JB ,414, ,400, ABSA FRN JB ,401, Absa FRN Jb ,014, ABSA FRN Jb ,284, ABSA BANK FRN JB ,191, Absa Anglo American CLN JB3M+300 5,040, ,035, Absa Standard Bank CLN JB ,005, ,002, Absa Nedbank CLN ASN JB ,058, ,994, Absa Investec CLN JB ,045, ,044, Absa Nedbank CLN JB ,045, ,043, Absa Standard Bank CLN JB ,044, ,043, ABSA GROWTHPOINT PROPERTIES CLN JB ,058, ,047, ABSA FRN ASN JB ,009, ,007, ABSA FRN ASN JB ASPEN QTR STEP-UP JB3+165 ( ) ,184, Aspen Qtr Step-Up Jb ,175, , Standard Bank of South Africa Ltd CLN F/R , , Standard Transnet CLN JB Page 2 of 9

3 Domestic Bonds Bonds STANDARDBANK DBSA CLN CLN JB ,041, ,040, STANDARD BANK GROWTHPOINT PROPERTIES CLN JB ,013, ,010, STANDARDBANK MERCEDE-BENZ CLN CLN JB ,006, ,002, STANDARD BANK DBSA CLN JB ,005, ,001, Standard Bank Mercedes-Benz CLN Jb ,030, ,029, CLN482 JB /05/ ,104, ,102, Standard Bank DBSA CLN495 (callable) Jb ,015, ,014, DBSA Qtr Step-Up Jb (17/12/19) 1, , DBSA QTR STEP-UP JB (17/12/19) 8,028, DBSA QTR STEP-UP JB ( ) - - 8,027, DBSA FRN DVC Jb Development Bank of SA F/R ,135, , DBSA FRN Bond DVF JB ,027, ,048, Eqstra F/R ,986, , THE FOSCHINI GROUP FRN JB ,097, , FOSCHINI FRN JB ,115, FRB % ,033, ,029, Firstrand FRB16 FRN JB3M+350bps 6,329, ,328, FirstRand FRB Jb ,264, ,251, FIRSTRAND FRN FRB JB ,129, ,127, FIRSTRAND FRN FRB JB ,025, ,021, Firstrand Transnet CLN Jb , FirstRand Bank Ltd FRN 20/09/2020 4,710, ,711, FIRST RAND 23/ ,216, ,249, Page 3 of 9

4 Domestic Bonds Bonds SWAP FIRSTRAND CPI 5.005% CONTRACT SWCOIR 185, , FIRSTRAND FRN JB ,059, ,061, Firstrand Bank FRN JB ,261, ,253, FIRSTRAND FRN JB ,133, ,144, FIRSTRAND FRN JB ,073, ,030, FIRSTRAND FRN JB ,009, ,007, FIRSTRAND FRN JB ,015, ,017, FIRSTRAND FRN JB ,087, ,092, Firstrand FRN Jb ,106, ,088, FIRSTRAND FRN JB ,043, ,051, Firstrand FRN Jb ,070, ,051, FIRSTRAND FRN JB ,075, ,157, FIRSTRAND FRN JB ,068, INVESTEC IBL104 F-F BOND (8.705%; JB ) 3,051, ,050, Investec IBL79 10% ,035, ,055, IBL94 JB Sep ,023, ,019, IDCSA FRN Jb ,069, ,069, IDC SA LTD FRN JB3+114 ING ,119, IDC SA LTD FRN JB ING ,123, IV JB ,023, ,016, IVC088 CLN 8.558% ,054, INVESTEC TRANSNET CLN IVC JB ,609, ,608, INVESTEC IVC119 CLN TRANSNET (CALLABLE) JB ,057, ,055, LANDBANK STEP-UP FRN JB , , Page 4 of 9

5 Domestic Bonds Bonds LANDBANK STEP-UP FRN JB3+205 ( ) 5,061, LANDBANK STEP-UP FRN JB3+225 ( ) - - 5,065, LANDBANK STEP-UP QTR JB3+185 ( ) 12,132, LANDBANK STEP-UP QTR JB3+205 ( ) ,147, LANDBANK STEP-UP QTR JB , , LANDBANK FRN LBK JB , , Mercedes Benz FRN Jb , ,005, NBK27B 7.433% ,210, Nedbank NBK32B JB3+145bps 5,040, ,039, Nedbank NBK33B JB ,050, ,049, Nedbank NBK37B JB3+140bps 3,048, ,046, ESK NEDBANK Flt CLN 15,046, ,032, Nedbank Transnet CLN Jb Nedbank Eskom GG CLN NCLN JB ,984, ,986, Nedbank FRN NED13 Bond Jb ,947, ,928, SWAP NEDBANK CPI 4.95% CONTRACT SWCOIR 112, , SWAP NEDBANK CPI 5.00% CONTRACT SWCOIR 193, , NEDBANK FRN JB3+90 7,090, ,056, NEDBANK NON-DEMAT FRN JB ,018, ,294, NEDBANK FRN JB ,012, NEDBANK NON-DEMAT FRN JB ,118, NEDBANK FRN JB ,070, NEDBANK FRN JB ,004, NEDBANK IDC FRN NSN99U JB ,148, Page 5 of 9

6 Domestic Bonds Bonds PRESCIENT EVOLUTION CLEAN ENERGY AND INFRASTRUCTURE DEBT FUND TRUST C 20,207, ,812, Std Bank FRN 2 Tier Bond SBK Jb Std Bank FRN 2 Tier Bond SBK Jb ,762, ,757, SBK20 9.6% , , SBK FRN ,163, ,167, STD 8.87% SBS ,929, ,787, Std FRN Bond SBS JB3M+105 1,205, ,204, Std FRN Bond JB3M Standard Bank SBS JB ,101, ,100, STANDARD BANK GROUP SBT JB ,330, ,378, STANDARD BANK GROUP SBT JB3+545 (PERPETUAL ) 9,599, ,599, STANDARD BANK GROUP SBT JB ,141, ,166, SOUTHCHESTER FRN JB3+115 ( ) - - 5,028, SOUTHCHESTER FRN JB3+115 ( ) 5,018, Standard Bank FRN Jb STANDARD BANK FRN JB ,097, ,101, STANDARDBANK FRN JB ,091, ,089, STANDARDBANK FRN JB ,022, ,021, STANDARD BANK FRN JB ,093, ,102, Standardbank FRN Jb Standardbank FRN Jb3+90 1, STANDARD BANK FRN JB ,079, ,089, STANDARD BANK FRN JB ,067, ,071, STANDARD BANK FRN JB ,039, Page 6 of 9

7 Domestic Bonds Bonds STANDARD BANK FRN M ,279, ,301, STANDARD BANK FRN JB ,005, ,004, STANDARD BANK FRN JB ,067, TRANSNET TSP % ,938, Total Domestic Bonds 466,699, ,651, Cash Cash HP St Ass FoF - Man Fee (D) E on ZAR -3, , HP St Ass FoF - Man Fee (D) I on ZAR 3, , HP St Bal FoF - Man Fee (D) E on ZAR -12, , HP St Bal FoF - Man Fee (D) I on ZAR 12, , HP St Def FoF - Man Fee (D) E on ZAR -17, , HP St Def FoF - Man Fee (D) I on ZAR 17, , Cash (Aggregate) -227, , HSBC Call 5.70% 6,014, ,015, Investec Call 7% 6,011, , USD/ZAR FWD RMBS ,396, ZAR/USD FWD RMBS ,577, USD/ZAR FWD CASH ,374, ZAR/USD FWD CASH ,896, USD/ZAR FWD CASH ,173, ZAR/USD FWD CASH - - 8,139, USD/ZAR FWD RMBTD ,037, ZAR/USD FWD RMBTD ,045, SAFEX INITIAL MARGIN ,554, SouthChester Call 7.25% 6,001, , Page 7 of 9

8 Domestic Cash Cash SWAP NEDBANK 7.65% Rand Settlement Account - Capital -126, ,936, Rand Income Account 5,626, ,888, Rand Unsettled Trades -522, , Outstanding Coupons - Rand 750, , Outstanding Dividends - Rand 57, Total Domestic Cash 26,767, ,125, Pref Shares Pref Shares Absa Bank Ltd Pref 4,091, ,124, Firstrand Ltd B Pref 5,028, ,269, Nedbank Limited 4,305, ,510, Standard Bank Group Pref 12,156, ,004, Total Domestic Pref Shares 25,582, ,909, Property Real Estate Investec Australia Prop Fd 2,068, ,137, Mas Rei 2,299, ,279, NEW FRONTIER PROPERTIES LTD (PIM) 2,952, Nepi Rockcastle PLC 2,961, ,153, Spear Reit Ltd 3,284, ,606, Stor-age Property Reit Ltd 2,922, ,813, Tower Property Fund Ltd 6,881, ,448, Total Domestic Property 23,371, ,439, Total Domestic 542,420, ,125, Foreign Bonds Bonds FIRSTRAND BOND 6.375% ,562, PRESCIENT GLOBAL INCOME PROVIDER FUND C - - 9,097, Prescient Flexible Global Income USD Fund ZAR Class D 41,205, ,106, Page 8 of 9

9 Foreign Bonds Bonds STANDARD BANK (SBCLN008) 1% ,241, ,357, Total Foreign Bonds 56,447, ,124, Cash Cash Dollar Settlement Account - Capital 785, ,058, Dollar Income Account -24, , Total Foreign Cash 760, , Total Foreign 57,208, ,053, TOTAL PORTFOLIO 599,629, ,178, Statutory Disclaimer & Notes Issued Date: 17-Jul-2018 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