Fund Information Fund Objective Portfolio Manager Total Fund Size R743 178 865 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 ZAE000182739 173,203,347 175,662,834 177,688,088 181,810,452 191,226,777 193,617,112 B3 HPDB3 ZAE000224762 80,716 82,540 80,633 83,189 81,894 83,597 C HPDCC ZAE000185567 69,734,034 70,738,204 68,751,983 70,360,779 65,836,752 66,672,879 D HPDCD ZAE000183992 347,830,514 353,361,019 353,520,393 362,535,163 365,654,638 370,627,541 E HPDCE ZAE000182093 109,149,908 110,787,156 109,150,794 111,803,159 110,738,140 112,177,736 Page 1 of 9
Fund Quarterly Holdings** Domestic Bonds Bonds ABSA AB011 FRN Tier2 Bond 211118 Jb3+205 4,765,350 0.79 4,760,708 0.64 ABFN07 7.583% 170318 282 0.00 282 0.00 ABKS1A JIBA3M+725 040426 1,332,647 0.22 1,346,626 0.18 ABSA FRN 040119 JB3+90 1,766 0.00 9,152,802 1.23 Absa FRN 080719 JB3+125 18,414,560 3.07 18,400,443 2.48 ABSA FRN 180419 JB3+125 - - 19,401,349 2.61 Absa FRN 180619 Jb6+50 - - 14,014,039 1.89 ABSA FRN 210119 Jb3+92.5 - - 16,284,570 2.19 ABSA BANK FRN 230819 JB3+112.5 - - 17,191,472 2.31 Absa Anglo American CLN 030920 JB3M+300 5,040,352 0.84 5,035,372 0.68 Absa Standard Bank CLN 250918 JB3+157 3,005,497 0.50 3,002,730 0.40 Absa Nedbank CLN ASN090 081018 JB3+160 3,058,872 0.51 2,994,860 0.40 Absa Investec CLN 240219 JB3+200 5,045,265 0.84 5,044,128 0.68 Absa Nedbank CLN 240219 JB3+192.5 5,045,138 0.84 5,043,922 0.68 Absa Standard Bank CLN 240219 JB3+185 5,044,576 0.84 5,043,399 0.68 ABSA GROWTHPOINT PROPERTIES CLN 021219 JB3+170 8,058,861 1.34 8,047,438 1.08 ABSA FRN ASN190 120620 JB3+165 2,009,890 0.34 2,007,984 0.27 ABSA FRN ASN211 050318 JB3+100 12 0.00 12 0.00 ASPEN QTR STEP-UP 151018 JB3+165 (15-10-18) - - 10,184,183 1.37 Aspen Qtr Step-Up 180418 Jb3+149 10,175,167 1.70 2,367 0.00 Standard Bank of South Africa Ltd CLN F/R 20122023 1,638 0.00 1,638 0.00 Standard Transnet CLN395 020318 JB3+155 143 0.00 143 0.00 Page 2 of 9
Domestic Bonds Bonds STANDARDBANK DBSA CLN CLN460 291121 JB3+225 5,041,360 0.84 5,040,311 0.68 STANDARD BANK GROWTHPOINT PROPERTIES CLN465 140320 JB3+170 3,013,467 0.50 3,010,590 0.41 STANDARDBANK MERCEDE-BENZ CLN CLN467 270320 JB3+155 5,006,751 0.84 5,002,343 0.67 STANDARD BANK DBSA CLN468 280320 JB3+185 5,005,632 0.83 5,001,174 0.67 Standard Bank Mercedes-Benz CLN 170519 Jb3+150 3,030,646 0.51 3,029,916 0.41 CLN482 JB3+240 20/05/2021 10,104,395 1.69 10,102,506 1.36 Standard Bank DBSA CLN495 (callable) 290820 Jb3+170 2,015,653 0.34 2,014,716 0.27 DBSA Qtr Step-Up 140318 Jb3+130.1 (17/12/19) 1,850 0.00 1,850 0.00 DBSA QTR STEP-UP 140618 JB3+144.7 (17/12/19) 8,028,182 1.34 - - DBSA QTR STEP-UP 20180914 JB3+158.5 (20191217) - - 8,027,952 1.08 DBSA FRN DVC028 190218 Jb3+95 879 0.00 879 0.00 Development Bank of SA F/R 30032018 3,135,357 0.52-64,435-0.01 DBSA FRN Bond DVF19 310519 JB3+150 2,027,339 0.34 4,048,901 0.54 Eqstra F/R 04102018 1,986,801 0.33 996,514 0.13 THE FOSCHINI GROUP FRN 090418 JB3+140 5,097,655 0.85 4,583 0.00 FOSCHINI FRN JB3+130 090419 - - 5,115,628 0.69 FRB15 9.617% 060320 1,033,159 0.17 1,029,775 0.14 Firstrand FRB16 FRN 080720 JB3M+350bps 6,329,375 1.06 6,328,249 0.85 FirstRand FRB20 150421 Jb3+400 5,264,589 0.88 5,251,061 0.71 FIRSTRAND FRN FRB21 241121 JB3+385 12,129,016 2.02 12,127,447 1.63 FIRSTRAND FRN FRB23 200922 JB3+315 3,025,112 0.50 3,021,380 0.41 Firstrand Transnet CLN 250618 Jb3+160 601,102 0.10 - - FirstRand Bank Ltd FRN 20/09/2020 4,710,296 0.79 4,711,909 0.63 FIRST RAND 23/2014 13,216,502 2.20 13,249,337 1.78 Page 3 of 9
Domestic Bonds Bonds SWAP FIRSTRAND CPI 5.005% 210920 CONTRACT SWCOIR 185,616 0.03 310,441 0.04 FIRSTRAND FRN 040920 JB3+107.5 7,059,070 1.18 7,061,193 0.95 Firstrand Bank FRN 050719 JB3+125 11,261,869 1.88 11,253,130 1.51 FIRSTRAND FRN 091020 JB3+103.5 7,133,521 1.19 7,144,129 0.96 FIRSTRAND FRN 100519 JB3+120 5,073,367 0.85 2,030,246 0.27 FIRSTRAND FRN 100619 JB3+127.5 1,009,270 0.17 1,007,993 0.14 FIRSTRAND FRN 101220 JB3+114.5 2,015,767 0.34 2,017,171 0.27 FIRSTRAND FRN 191020 JB3+105 5,087,207 0.85 5,092,601 0.69 Firstrand FRN 230919 Jb3+117.5 17,106,898 2.85 17,088,219 2.30 FIRSTRAND FRN 270919 JB3+117.5 10,043,838 1.68 13,051,137 1.76 Firstrand FRN 280619 Jb3+122.5 13,070,373 2.18 13,051,995 1.76 FIRSTRAND FRN 290520 JB3+120 6,075,976 1.01 13,157,866 1.77 FIRSTRAND FRN 300620 JB3+1.25 - - 10,068,307 1.35 INVESTEC IBL104 F-F BOND 170720 (8.705%; JB3+152.5) 3,051,925 0.51 3,050,505 0.41 Investec IBL79 10% 270119 1,035,811 0.17 1,055,713 0.14 IBL94 JB3+180 06 Sep 2019 3,023,432 0.50 3,019,858 0.41 IDCSA FRN 221018 Jb3+120 4,069,240 0.68 4,069,527 0.55 IDC SA LTD FRN JB3+114 ING370 290119 - - 9,119,811 1.23 IDC SA LTD FRN JB3+139.50 ING371 310120 - - 9,123,541 1.23 IV046 210622 JB3+390 7,023,444 1.17 7,016,408 0.94 IVC088 CLN 8.558% 120419 3,054,184 0.51 - - INVESTEC TRANSNET CLN IVC105 080320 JB3+207 1,609,852 0.27 1,608,490 0.22 INVESTEC IVC119 CLN TRANSNET 210219 (CALLABLE) JB3+175 6,057,179 1.01 6,055,822 0.81 LANDBANK STEP-UP FRN 080218 JB3+185 1,219 0.00 1,219 0.00 Page 4 of 9
Domestic Bonds Bonds LANDBANK STEP-UP FRN 080518 JB3+205 (08-11-2019) 5,061,640 0.84 - - LANDBANK STEP-UP FRN 080818 JB3+225 (08-11-2019) - - 5,065,178 0.68 LANDBANK STEP-UP QTR 100518 JB3+185 (11-05-2020) 12,132,899 2.02 - - LANDBANK STEP-UP QTR 100818 JB3+205 (11-05-2020) - - 12,147,124 1.63 LANDBANK STEP-UP QTR 120218 JB3+175 2,893 0.00 2,893 0.00 LANDBANK FRN LBK19 230318 JB3+140 1,407 0.00 1,407 0.00 Mercedes Benz FRN 280919 Jb3+140 985,990 0.16 1,005,247 0.14 NBK27B 7.433% 010618 1,210,194 0.20 00 0.00 Nedbank NBK32B 260219 JB3+145bps 5,040,445 0.84 5,039,139 0.68 Nedbank NBK33B 100519 JB3+145 3,050,377 0.51 3,049,469 0.41 Nedbank NBK37B 020819 JB3+140bps 3,048,070 0.51 3,046,059 0.41 ESK NEDBANK Flt CLN 15,046,931 2.51 15,032,537 2.02 Nedbank Transnet CLN 020318 Jb3+160 143 0.00 143 0.00 Nedbank Eskom GG CLN NCLN95 081018 JB3+160 7,984,651 1.33 7,986,294 1.07 Nedbank FRN NED13 Bond 250718 Jb3+275 4,947,734 0.83 4,928,660 0.66 SWAP NEDBANK CPI 4.95% 080920 CONTRACT SWCOIR 112,706 0.02 179,857 0.02 SWAP NEDBANK CPI 5.00% 180920 CONTRACT SWCOIR 193,906 0.03 321,871 0.04 NEDBANK FRN 050219 JB3+90 7,090,392 1.18 4,056,457 0.55 NEDBANK NON-DEMAT FRN 130819 JB3+145 1,018,487 0.17 17,294,264 2.33 NEDBANK FRN JB3+90 140219 - - 1,012,135 0.14 NEDBANK NON-DEMAT FRN 150819 JB3+145 - - 7,118,082 0.96 NEDBANK FRN 160119 JB3+90 - - 4,070,355 0.55 NEDBANK FRN 230919 JB3+112.5 - - 1,004,602 0.14 NEDBANK IDC FRN NSN99U 280819 JB3+132 - - 7,148,015 0.96 Page 5 of 9
Domestic Bonds Bonds PRESCIENT EVOLUTION CLEAN ENERGY AND INFRASTRUCTURE DEBT FUND TRUST C 20,207,781 3.37 20,812,834 2.80 Std Bank FRN 2 Tier Bond SBK16 150318 Jb3+210 304 0.00 304 0.00 Std Bank FRN 2 Tier Bond SBK17 300719 Jb3+220 2,762,030 0.46 2,757,229 0.37 SBK20 9.6% 021219 781,306 0.13 778,887 0.10 SBK FRN 28-05-2020 5,163,267 0.86 5,167,247 0.70 STD 8.87% SBS25 240519 5,929,016 0.99 5,787,846 0.78 Std FRN Bond SBS30 120619 JB3M+105 1,205,242 0.20 1,204,898 0.16 Std FRN Bond 290118 JB3M+120 271 0.00 271 0.00 Standard Bank SBS40 121120 JB3+155 5,101,547 0.85 5,100,812 0.69 STANDARD BANK GROUP SBT101 310322 JB3+565 3,330,961 0.56 3,378,538 0.45 STANDARD BANK GROUP SBT102 300922 JB3+545 (PERPETUAL 30092099) 9,599,891 1.60 9,599,985 1.29 STANDARD BANK GROUP SBT201 130223 JB3+314 3,141,905 0.52 3,166,478 0.43 SOUTHCHESTER FRN 110918 JB3+115 (12-03-19) - - 5,028,641 0.68 SOUTHCHESTER FRN 110618 JB3+115 (12-03-19) 5,018,137 0.84 - - Standard Bank FRN 030518 Jb3+90 00 0.00 00 0.00 STANDARD BANK FRN 040820 JB3+112.5 6,097,126 1.02 6,101,533 0.82 STANDARDBANK FRN 041019 JB3+115 4,091,204 0.68 4,089,944 0.55 STANDARDBANK FRN 050620 JB3+120 2,022,147 0.34 2,021,203 0.27 STANDARD BANK FRN 061219 JB3+120 9,093,397 1.52 11,102,281 1.49 Standardbank FRN 070318 Jb3+90 00 0.00 00 0.00 Standardbank FRN 071218 Jb3+90 1,106 0.00-01 0.00 STANDARD BANK FRN 100821 JB3+122.5 5,079,125 0.85 5,089,956 0.68 STANDARD BANK FRN 170820 JB3+112.5 5,067,363 0.85 5,071,253 0.68 STANDARD BANK FRN 180419 JB3+125-01 0.00 2,039,942 0.27 Page 6 of 9
Domestic Bonds Bonds STANDARD BANK FRN 190121 3M+112.50 15,279,547 2.55 15,301,447 2.06 STANDARD BANK FRN 230919 JB3+110 1,005,238 0.17 1,004,308 0.14 STANDARD BANK FRN 260620 JB3+125 - - 9,067,338 1.22 TRANSNET TSP224 8.515% 240518 4,938,934 0.82 - - Total Domestic Bonds 466,699,903 77.83 613,651,341 82.57 Cash Cash HP St Ass FoF - Man Fee (D) E on ZAR -3,028 0.00-4,971 0.00 HP St Ass FoF - Man Fee (D) I on ZAR 3,028 0.00 4,971 0.00 HP St Bal FoF - Man Fee (D) E on ZAR -12,171 0.00-29,699 0.00 HP St Bal FoF - Man Fee (D) I on ZAR 12,171 0.00 29,699 0.00 HP St Def FoF - Man Fee (D) E on ZAR -17,540 0.00-31,492 0.00 HP St Def FoF - Man Fee (D) I on ZAR 17,540 0.00 31,492 0.00 Cash (Aggregate) -227,168-0.04-216,820-0.03 HSBC Call 5.70% 6,014,778 1.00 3,015,588 0.41 Investec Call 7% 6,011,342 1.00 15,240 0.00 USD/ZAR FWD 20171128 RMBS0.00-16,396,283-2.73 - - ZAR/USD FWD 20180524 RMBS0.00 19,577,483 3.26 - - USD/ZAR FWD 20180720 CASH - - -12,374,536-1.67 ZAR/USD FWD 20180720 CASH - - 10,896,282 1.47 USD/ZAR FWD 20180724 CASH - - -9,173,451-1.23 ZAR/USD FWD 20180724 CASH - - 8,139,401 1.10 USD/ZAR FWD 20180925 RMBTD - - -19,037,878-2.56 ZAR/USD FWD 20180925 RMBTD - - 19,045,430 2.56 SAFEX INITIAL MARGIN 483 0.00 2,554,979 0.34 SouthChester Call 7.25% 6,001,241 1.00 9,101 0.00 Page 7 of 9
Domestic Cash Cash SWAP NEDBANK 7.65% 060420 729 0.00 729 0.00 Rand Settlement Account - Capital -126,465-0.02 3,936,556 0.53 Rand Income Account 5,626,570 0.94 2,888,659 0.39 Rand Unsettled Trades -522,997-0.09-231,327-0.03 Outstanding Coupons - Rand 750,907 0.13 657,430 0.09 Outstanding Dividends - Rand 57,090 0.01 - - Total Domestic Cash 26,767,712 4.46 10,125,382 1.36 Pref Shares Pref Shares Absa Bank Ltd Pref 4,091,938 0.68 4,124,191 0.55 Firstrand Ltd B Pref 5,028,262 0.84 5,269,941 0.71 Nedbank Limited 4,305,403 0.72 4,510,422 0.61 Standard Bank Group Pref 12,156,640 2.03 12,004,682 1.62 Total Domestic Pref Shares 25,582,242 4.27 25,909,236 3.49 Property Real Estate Investec Australia Prop Fd 2,068,185 0.34 2,137,125 0.29 Mas Rei 2,299,878 0.38 2,279,256 0.31 NEW FRONTIER PROPERTIES LTD (PIM) 2,952,747 0.49 - - Nepi Rockcastle PLC 2,961,250 0.49 3,153,345 0.42 Spear Reit Ltd 3,284,657 0.55 9,606,752 1.29 Stor-age Property Reit Ltd 2,922,514 0.49 2,813,854 0.38 Tower Property Fund Ltd 6,881,875 1.15 6,448,750 0.87 Total Domestic Property 23,371,106 3.90 26,439,081 3.56 Total Domestic 542,420,963 90.46 676,125,040 90.98 Foreign Bonds Bonds FIRSTRAND BOND 6.375% 230423 - - 12,562,684 1.69 PRESCIENT GLOBAL INCOME PROVIDER FUND C - - 9,097,428 1.22 Prescient Flexible Global Income USD Fund ZAR Class D 41,205,828 6.87 26,106,906 3.51 Page 8 of 9
Foreign Bonds Bonds STANDARD BANK (SBCLN008) 1% 201220 15,241,817 2.54 18,357,562 2.47 Total Foreign Bonds 56,447,645 9.41 66,124,580 8.90 Cash Cash Dollar Settlement Account - Capital 785,519 0.13 1,058,879 0.14 Dollar Income Account -24,607 0.00-129,633-0.02 Total Foreign Cash 760,912 0.13 929,246 0.13 Total Foreign 57,208,557 9.54 67,053,825 9.02 TOTAL PORTFOLIO 599,629,520 100.00 743,178,865 100.00 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) +27 21 700 3600 (E) info@prescient.co.za Page 9 of 9