Fund Information Fund Objective Portfolio Manager Total Fund Size R616 295 671 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 Jul 2017 Month End Aug 2017 Month End Sep 2017 Class JSE ISIN Units NAV (ZAR) Units NAV (ZAR) Units NAV (ZAR) B HPDIF ZAE000182739 105,489,616 108,918,029 109,388,043 113,774,504 115,234,300 118,967,892 B3 HPDB3 ZAE000224762 38,173,854 39,693,173 37,949,057 39,744,048 38,464,641 39,968,609 C HPDCC ZAE000185567 68,266,307 70,519,095 68,351,271 71,126,333 71,020,284 73,328,443 D HPDCD ZAE000183992 296,740,263 307,393,238 300,548,485 313,291,741 321,054,411 331,777,628 E HPDCE ZAE000182093 50,023,368 51,734,167 50,020,430 52,086,274 50,593,628 52,253,099 Page 1 of 9
Fund Quarterly Holdings** Domestic Bonds Bonds ABSA AB011 FRN Tier2 Bond 211118 Jb3+205 4,752,213 0.83 4,749,232 0.77 ABFN07 7.583% 170318 1,207,851 0.21 1,206,216 0.20 African Bank FRN ABK11 200519 Jb3+285 7,964,849 1.39 - - ABKS1A JIBA3M+725 040426 1,311,892 0.23 1,311,995 0.21 ABSA FRN 030518 Jb3+100 12,188,759 2.13 12,190,550 1.98 Absa FRN 080719 JB3+125 18,424,105 3.23 18,463,843 3.00 ABSA FRN 100519 JB3+122.5 2,032,129 0.36 2,034,726 0.33 ABSA FRN 150618 JB3+112.5 5,032,094 0.88 5,036,168 0.82 ABSA FRN 180419 JB3+125 10,217,621 1.79 10,235,390 1.66 ABSA FRN 210618 JB3+112.5 5,024,731 0.88 5,028,812 0.82 Absa Anglo American CLN 030920 JB3M+300 5,038,673 0.88 5,036,614 0.82 Absa Standard Bank CLN 250918 JB3+157 3,003,591 0.53 3,002,837 0.49 Absa Nedbank CLN ASN090 081018 JB3+160 2,994,570 0.52 2,994,018 0.49 Absa Investec CLN 240219 JB3+200 5,048,152 0.88 5,045,593 0.82 Absa Nedbank CLN 240219 JB3+192.5 5,048,159 0.88 5,045,557 0.82 Absa Standard Bank CLN 240219 JB3+185 5,047,404 0.88 5,044,865 0.82 ABSA GROWTHPOINT PROPERTIES CLN 021219 JB3+170 8,056,368 1.41 8,049,393 1.31 ABSA FRN ASN189 051217 JB3+100 7,039,141 1.23 7,037,113 1.14 ABSA FRN ASN190 120620 JB3+165 2,007,988 0.35 2,008,442 0.33 ABSA FRN ASN211 050318 JB3+100 - - 6,030,500 0.98 ASPEN PN 8.25% 060917 1,970,164 0.34 - - ASPEN FRN STEP UP NOTE JB3+133 181017 10,204,559 1.79 10,192,365 1.65 Page 2 of 9
Domestic Bonds Bonds Std Anglo American CLN 100817 CLN288 Jb3+185 607,917 0.11 - - Standard Bank of South Africa Ltd CLN F/R 20122023 5,962,043 1.04 5,961,086 0.97 Standard Bank of South Africa Ltd CLN F/R 28072017 6,098,837 1.07 - - Standard Bank CLN 10.55% 20032024 5,044,099 0.88 - - Standard Transnet CLN395 020318 JB3+155 604,160 0.11 603,927 0.10 Standard Bank Eskom CLN418 230920 JB3+340 5,010,051 0.88 - - STANDARDBANK DBSA CLN CLN460 291121 JB3+225 5,043,987 0.88 5,041,719 0.82 STANDARD BANK GROWTHPOINT PROPERTIES CLN465 140320 JB3+170 3,011,982 0.53 3,011,279 0.49 STANDARDBANK MERCEDE-BENZ CLN CLN467 270320 JB3+155 5,003,499 0.88 5,002,395 0.81 STANDARD BANK DBSA CLN468 280320 JB3+185 5,002,314 0.88 5,001,231 0.81 Standard Bank Mercedes-Benz CLN 170519 Jb3+150 3,036,105 0.53 3,030,871 0.49 CLN482 JB3+240 20/05/2021 6,001,831 1.05 10,105,742 1.64 Standard Bank DBSA CLN495 (callable) 290820 Jb3+170 - - 2,014,312 0.33 DBSA Qtr Step-Up FRN 140917 Jb3+106 8,029,376 1.41 - - DBSA QTR STEP-UP 141217 JB3+116.3 - - 8,026,975 1.30 Denel Soc Limited (GG) 6.86% 290917 2,026,934 0.35 - - Denel GG DENG64 290817 JB3+120 5,037,990 0.88 - - Denel GG FRN DENG67 290817 Jb3+120 7,051,549 1.23 - - DBSA FRN DVC028 190218 Jb3+95 4,039,619 0.71 4,039,990 0.66 Development Bank of SA F/R 30032018 3,198,830 0.56 3,205,011 0.52 DBSA FRN Bond DVF19 310519 JB3+150 2,027,795 0.35 2,020,796 0.33 Eqstra F/R 04102018 2,958,779 0.52 2,965,062 0.48 THE FOSCHINI GROUP FRN 090418 JB3+140 5,128,620 0.90 5,126,684 0.83 Firstrand FRN 2 Tier Bond FRB11 111217 Jb3+290 1,213,251 0.21 1,209,860 0.20 Page 3 of 9
Domestic Bonds Bonds FRB15 9.617% 060320 1,024,686 0.18 1,028,147 0.17 Firstrand FRB16 FRN 080720 JB3M+350bps 6,223,329 1.09 6,263,514 1.02 FirstRand FRB20 150421 Jb3+400 5,195,892 0.91 5,192,578 0.84 FIRSTRAND FRN FRB21 241121 JB3+385 12,137,688 2.12 12,130,962 1.97 FIRSTRAND FRN FRB23 200922 JB3+315 - - 3,006,716 0.49 Firstrand Transnet CLN 250618 Jb3+160 600,721 0.11 600,570 0.10 FIRST RAND 23/2014 13,253,540 2.32 13,221,629 2.15 FIRSTRAND FRN 040920 JB3+107.5 - - 7,046,331 1.14 Firstrand Bank FRN 050719 JB3+125 7,170,103 1.26 7,186,759 1.17 Firstrand Bank FRN 070717 JB3+65 00 0.00 00 0.00 FIRSTRAND FRN 100619 JB3+127.5 - - 1,010,679 0.16 Firstrand FRN 160418 Jb3+112.5 01 0.00 01 0.00 FIRSTRAND FRN 190418 JB3+105 00 0.00 00 0.00 FIRSTRAND FRN 190418 JB3+90 1,022,838 0.18 1,019,077 0.17 Firstrand FRN 191017 Jb3+95 5,087,974 0.89 1,016,869 0.17 Firstrand FRN 230919 Jb3+117.5 17,065,767 2.99 17,117,073 2.78 FIRSTRAND FRN 270218 JB3+83 00 0.00 00 0.00 FIRSTRAND FRN 270919 JB3+117.5 10,024,238 1.75 10,055,707 1.63 Firstrand FRN 280619 Jb3+122.5 13,054,838 2.29 13,082,360 2.12 FIRSTRAND FRN 290520 JB3+120 - - 6,071,022 0.99 INVESTEC IBL104 F-F BOND 170720 (8.705%; JB3+152.5) - - 3,053,387 0.50 Investec IBL79 10% 270119 3,190,062 0.56 3,127,492 0.51 IBL94 JB3+180 06 Sep 2019 3,024,199 0.53 3,022,563 0.49 IDCSA FRN 221018 Jb3+120 4,065,259 0.71 4,064,540 0.66 Page 4 of 9
Domestic Bonds Bonds INVESTEC NCD 8.00% 100717 00 0.00 00 0.00 IV046 210622 JB3+390 7,019,238 1.23 7,016,747 1.14 Investec Transnet CLN 180916 (Call) Jb3+135 5,018,125 0.88 - - IVC088 CLN 8.558% 120419 3,055,926 0.53 3,056,077 0.50 Investec Growthpoint CLN IVC101 240118 Jb3+123 5,079,495 0.89 5,077,172 0.82 INVESTEC TRANSNET CLN IVC105 080320 JB3+207 1,611,194 0.28 1,610,573 0.26 INVESTEC IVC119 CLN TRANSNET 210219 (CALLABLE) JB3+175 - - 6,057,714 0.98 LANDBANK STEP-UP FRN 080817 JB3+150 5,064,193 0.89 - - LANDBANK STEP-UP FRN 081117 JB3+165 - - 5,062,030 0.82 LANDBANK STEP-UP FRN 100817 JB3+155 12,149,088 2.13 - - LANDBANK STEP-UP FRN 101117 JB3+165 - - 12,143,146 1.97 LANDBANK FRN LBK19 230318 JB3+140 6,009,838 1.05 6,008,335 0.97 Mercedes Benz FRN 280919 Jb3+140 1,005,524 0.18 1,004,818 0.16 NBK27B 7.433% 010618 1,212,087 0.21 1,211,825 0.20 Nedbank NBK32B 260219 JB3+145bps 5,042,824 0.88 5,040,617 0.82 Nedbank NBK33B 100519 JB3+145 3,043,781 0.53 3,041,163 0.49 Nedbank NBK37B 020819 JB3+140bps 3,044,033 0.53 3,051,090 0.50 Nedbank Transnet CLN 150817 Jb3+188 607,078 0.11 - - ESK NEDBANK Flt CLN 15,038,307 2.63 15,033,540 2.44 Nedbank Transnet CLN 020318 Jb3+160 604,183 0.11 603,949 0.10 Nedbank Eskom GG CLN NCLN95 081018 JB3+160 7,985,521 1.40 7,984,049 1.30 Nedbank FRN NED13 Bond 250718 Jb3+275 4,965,592 0.87 4,955,229 0.80 NEDBANK NON-DEMAT FRN 130819 JB3+145 1,019,990 0.18 1,021,306 0.17 Nedbank FRN 26042018 6,107,659 1.07 6,107,781 0.99 Page 5 of 9
Domestic Bonds Bonds Std Bank FRN 2 Tier Bond SBK16 150318 Jb3+210 1,207,128 0.21 1,205,980 0.20 Std Bank FRN 2 Tier Bond SBK17 300719 Jb3+220 2,715,870 0.48 2,740,107 0.44 SBK20 9.6% 021219 773,627 0.14 772,296 0.13 SBK FRN 28-05-2020 5,109,409 0.89 5,122,591 0.83 STD 8.87% SBS25 240519 6,311,035 1.10 6,481,146 1.05 Std FRN Bond SBS30 120619 JB3M+105 1,203,796 0.21 1,204,450 0.20 Std FRN Bond 290118 JB3M+120 1,220,431 0.21 1,219,268 0.20 Standard Bank SBS40 121120 JB3+155 5,085,951 0.89 5,092,530 0.83 STANDARD BANK GROUP SBT101 310322 JB3+565 3,299,987 0.58 3,298,810 0.54 STANDARD BANK GROUP SBT102 300922 JB3+545 (PERPETUAL 30092099) - - 9,626,268 1.56 Southchester FRN 120917 Jb3+105 2,008,711 0.35-465 0.00 SOUTHCHESTER FRN 121217 JB3+105 - - 2,007,538 0.33 Standard Bank FRN 030518 Jb3+90 1,014,773 0.18 1,015,152 0.16 STANDARD BANK FRN 040820 JB3+112.5 - - 6,092,699 0.99 STANDARDBANK FRN 041019 JB3+115 - - 4,099,974 0.67 STANDARDBANK FRN 050620 JB3+120 2,025,190 0.35 2,020,376 0.33 STANDARD BANK FRN 061219 JB3+120 9,065,479 1.59 9,097,411 1.48 Standard Bank FRN 070218 JB3+80bps 00 0.00 00 0.00 Standardbank FRN 070318 Jb3+90 1,007,166 0.18 1,007,326 0.16 STANDARD BANK FRN 100821 JB3+122.5 - - 5,068,439 0.82 Standard Bank FRN 120717 JB3+85 68 0.00 68 0.00 STANDARD BANK FRN 170820 JB3+112.5 - - 5,063,161 0.82 STANDARD BANK FRN 180419 JB3+125 1,021,096 0.18 1,022,208 0.17 STANDARD BANK FRN 230919 JB3+110 - - 1,005,509 0.16 Page 6 of 9
Domestic Bonds Bonds Standard Bank FRN 280618 Jb3+92.5 - - 9,024,876 1.46 TRANSNET TSP224 8.515% 240518 4,683,308 0.82 4,740,134 0.77 Total Domestic Bonds 459,332,421 80.40 487,544,154 79.11 Cash Cash HP St Ass FoF - Man Fee (D) E on ZAR -4,292 0.00-4,226 0.00 HP St Ass FoF - Man Fee (D) I on ZAR 4,292 0.00 4,226 0.00 HP St Bal FoF - Man Fee (D) E on ZAR -19,171 0.00-19,357 0.00 HP St Bal FoF - Man Fee (D) I on ZAR 19,171 0.00 19,357 0.00 HP St Def FoF - Man Fee (D) E on ZAR -27,578 0.00-27,124 0.00 HP St Def FoF - Man Fee (D) I on ZAR 27,578 0.00 27,124 0.00 Cash (Aggregate) -244,122-0.04-184,865-0.03 HSBC CALL 6.70% - - 2,020,547 0.33 HSBC CALL 6.95% 6,006,093 1.05 - - INVESTEC CALL 7% - - 2,021,479 0.33 SWAP NEDBANK 7.65% 060420 134,400 0.02 206,400 0.03 Rand Settlement Account - Capital -5,531,848-0.97 278,468 0.05 Rand Income Account 4,124,379 0.72 4,457,277 0.72 Outstanding Coupons - Rand 315,798 0.06 494,770 0.08 Outstanding Dividends - Rand - - 76,077 0.01 Total Domestic Cash 4,804,701 0.84 9,370,154 1.52 Pref Shares Pref Shares Absa Bank Ltd Pref 4,041,594 0.71 4,104,863 0.67 Firstrand Ltd B Pref 2,578,488 0.45 3,599,224 0.58 Nedbank Limited 4,264,428 0.75 4,378,484 0.71 Standard Bank Group Pref 9,721,894 1.70 11,528,647 1.87 Total Domestic Pref Shares 20,606,404 3.61 23,611,217 3.83 Page 7 of 9
Domestic Property Real Estate Equites Prop Fund Ltd 1,659,527 0.29 - - Mas Rei - - 1,268,216 0.21 New Europe Prop Inv Plc 4,260,595 0.75 - - NEW FRONTIER PROPERTIES LTD (PIM) - - 3,715,509 0.60 Nepi Rockcastle PLC - - 4,735,425 0.77 Spear Reit Ltd 1,635,300 0.29 3,488,885 0.57 Stor-age Property Reit Ltd 1,582,132 0.28 1,643,750 0.27 Tower Property Fund Ltd 7,122,500 1.25 7,084,000 1.15 Total Domestic Property 16,260,054 2.85 21,935,785 3.56 Total Domestic 501,003,580 87.70 542,461,309 88.02 Foreign Bonds Bonds Prescient Flexible Global Income (USD) Fund Class C 20,607,410 3.61 23,211,447 3.77 Prescient Flexible Global Income USD Fund ZAR Class D 49,684,814 8.70 50,622,914 8.21 Total Foreign Bonds 70,292,224 12.30 73,834,361 11.98 Cash Cash Dollar Settlement Account - Capital 01 0.00 01 0.00 Total Foreign Cash 01 0.00 01 0.00 Total Foreign 70,292,225 12.30 73,834,362 11.98 TOTAL PORTFOLIO 571,295,805 100.00 616,295,671 100.00 Page 8 of 9
Statutory Disclaimer & Notes Issued Date: 12-Oct-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) +27 21 700 3600 (E) info@prescient.co.za Page 9 of 9