| Focus and Objective |
The aim of the portfolio is to provide returns linked to the performance of the SA Listed Property Index ("the Index") in terms of both price performance as well as income from the component securities of the index. The portfolio will aim to track the performance of the index. In order to achieve the abovementioned objective, the portfolio will generally invest in all of the component securities of the Index in proportion to their weighting in the Index and will under normal circumstances aim to invest at least 90% of its total assets in the shares, or equivalent securities, composing the Index. However, due to various factors, including the costs and expenses involved as well as illiquidity of securities, it may not be possible or practicable to purchase the entire component securities in their weightings or purchase them at all. In such event, the Investment Adviser may use quantitative techniques to hold a representative sample of the Index. Such techniques involve considering the inclusion of each security based on its investment characteristics, fundamental characteristics and liquidity. In no event will the portfolio be managed according to the traditional approach of active investment management, rather a passive approach will be applied. The portfolio may hold liquid assets on an ancillary basis. The portfolio aims to hold component securities in the Index so that the weighting of each security it holds does not diverge substantially from the weighting of that component in the Index. The portfolio will not exercise any voting rights in respect of constituent securities.
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| Management |
| Rademeyer Vermaak, M Eng.(Electronic), CFA |
Rademeyer started his career in 2004 at Liquid Capital Markets in London, UK, where as a quantitative analyst he was responsible for the pricing and risk management of listed derivatives. He progressed to the Quantitative Investment team at Liquid Capital Markets, where he was involved in the research and trading of quantitative investment models. Rademeyer subsequently set up Radian Consulting as a quantitative investment and derivatives risk management consultancy where he consulted on derivatives risk management at Barclays Capital, RBS Sempra Commodities, Lloyds Bank Corporate Markets and Dresdner Kleinwort Investment Bank. More recently, he was a founding partner, Head of Quantitative Research and fund manager of the Mansard CTA quantitative fund at Mansard Capital in London. Upon his return from the UK in 2012, Rademeyer joined Fairtree Capital as quantitative fund manager and risk manager.
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| Ryan Basdeo, BCom, (Taxation), MBA (Wits), Registered Security Trader |
After beginning his career as a financial accountant in the employee benefits industry, Ryan joined STANLIB Asset Management in their Institutional Pricing team in 2008. He got experience in the Offshore Trades Processing team from 2010, before moving on to Alternative Investments as market maker for the ETFs and executing trades for the index-tracking funds, as well as assistance with portfolio management. He was appointed a Portfolio Manager in 2017. Ryan has a BCom in Taxation degree, is a JSE Registered Securities Trader, as well as a Registered Bond Trader and has been awarded a MBA from Wits Business School.
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| Comparative Performance |
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| Technical Overview |
| Formation Date: |
14 Feb 2013 |
| JSE Code: |
ETFSAP |
| Benchmark: FTSE/JSE Africa SA Listed Property Index |
| Holdings: |
22 |
| Unit Holders: |
1 |
| Original Price: |
5039 |
| Pricing System: |
Forward |
| Minimum Lump Sum: |
n/a |
| Minimum Monthly: |
n/a |
| Risk Rating: |
High |
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| Dividend Yield |
| Vertical lines represent dividends. |
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Dividend History
(last 3 years) |
| 17 Oct 2023 |
17.31c |
| 18 Jul 2023 |
87.88c |
| 18 Apr 2023 |
5.23c |
| 17 Jan 2023 |
88.19c |
| 18 Oct 2022 |
44.33c |
| 19 Jul 2022 |
85.23c |
| 19 Apr 2022 |
19.94c |
| 18 Jan 2022 |
104.79c |
| 19 Oct 2021 |
58.12c |
| 13 Jul 2021 |
55.88c |
| 13 Jan 2021 |
46.24c |
| 12 Oct 2020 |
16.46c |
| 14 Jul 2020 |
41.01c |
| 14 Apr 2020 |
68.94c |
| 14 Jan 2020 |
169.97c |
| Fees |
| TER (30 Jun 2023): |
0.29% |
| Perf Fee TER (30 Jun 2023): |
0% |
| Annual: |
0.29% |
| Performance:0 |
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Top Holdings on 30 Sep 2023 |
| Share |
No Units |
Value (Rm) |
% of Fund |
| NEPIROCK |
999 695 |
104.07 |
21.89% |
| GROWPNT |
7 021 300 |
74.07 |
15.58% |
| REDEFINE |
13 905 001 |
49.36 |
10.38% |
| FORTRESSA |
2 448 892 |
31.52 |
6.63% |
| VUKILE |
1 952 195 |
25.57 |
5.38% |
| Totals |
|
284.60 |
59.86% |
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Asset Allocation |
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Sectoral Breakdown |
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| 1NVEST SA Property ETF |
| Price |
 |
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| Performance to 1 Dec 2023 |
| R1 000 Lumpsum (NAV-NAV Incl. Dividends) |
| Period |
Return |
Value(R) |
Inflation(R) |
| 3 Months |
2.69% |
1 026.90 |
1 020.80 |
| 6 Months |
5.66% |
1 056.60 |
1 034.60 |
| 1 Year |
5.34% |
1 053.40 |
1 064.50 |
| 3 Years |
16.00% |
1 560.70 |
1 219.90 |
| 5 Years |
-2.26% |
892.10 |
1 309.30 |
| 10 Years |
1.80% |
1 195.00 |
1 713.00 |
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| R100 per Month (NAV-NAV Incl. Dividends) |
| Period |
Return |
Value(R) |
Inflation(R) |
| 3 Months |
7.73% |
315.72 |
303.90 |
| 6 Months |
7.28% |
626.01 |
613.27 |
| 1 Year |
6.60% |
1 243.77 |
1 245.44 |
| 3 Years |
6.50% |
3 984.94 |
3 995.64 |
| 5 Years |
4.76% |
6 785.70 |
6 969.45 |
| 10 Years |
0.01% |
12 003.28 |
15 531.13 |
| * Values for periods greater than one year are annualised |
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