1NVEST S&P 500 Index Feeder ETF

Regional--Equity--General

Focus and Objective

The fund is a feeder fund and as such it invests in the iShares Core S&P 500 UCITS ETF. This underlying fund tracks the S&P 500 Index and aims to replicate the performance of the Index. The S&P 500 Index gives the performance of the top 500 leading US listed companies and captures approximately 80% coverage of available market capitalisation. The Index is rebalanced quarterly.

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.

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.

Comparative Performance

Technical Overview
Formation Date:	15 Mar 2018
JSE Code:	ETF500
Benchmark:	S&P 500 Index
Holdings:	n/a
Unit Holders:	n/a
Original Price:	n/a
Pricing System:	Forward
Minimum Lump Sum:	n/a
Minimum Monthly:	n/a
Risk Rating:	High

Fees
TER (30 Jun 2023):	0.27%
Perf Fee TER (30 Jun 2023):	0%
Annual:	0.201%
Performance:	n/a


Top Holdings on 30 Sep 2023
Share	No Units	Value (Rm)	% of Fund
ICORE500	24 277	205.58	100.05%
Totals		205.58	100.05%

Asset Allocation

Sectoral Breakdown

1NVEST S&P 500 Index Feeder ETF

Price

Performance to 5 Dec 2023
R1 000 Lumpsum (NAV-NAV Incl. Dividends)
Period	Return	Value(R)	Inflation(R)
3 Months	0.44%	1 004.40	1 020.80
6 Months	5.72%	1 057.20	1 034.60
1 Year	25.64%	1 256.40	1 064.50
3 Years	16.89%	1 596.90	1 219.90
5 Years	19.67%	2 453.80	1 309.30

R100 per Month (NAV-NAV Incl. Dividends)
Period	Return	Value(R)	Inflation(R)
3 Months	8.50%	317.31	303.90
6 Months	7.73%	627.63	613.27
1 Year	21.13%	1 346.64	1 245.44
3 Years	15.98%	4 641.74	3 995.64
5 Years	16.53%	9 364.37	6 969.45
* Values for periods greater than one year are annualised