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

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.

Ann Sebastian, BSc (Hons), (Advanced Mathematics of Finance)

Possessing a very strong academic record and a passion for financial markets, Ann joined the Beta Quants team in 2012. As a quantitative analyst, she specialises in asset allocation, portfolio construction, investment risk management and multi-factor risk modelling. She is currently a Portfolio manager at STANLIB Index Investments
responsible for the management of R 22 billion across quantitative enhanced index funds, smart beta funds, completion strategies and index tracking fund across a number of asset classes. Ann studied at Wits University, where she took a BSc in Mathematical Sciences with double majors in Pure Mathematics and Economic Sciences. She then went on to do her BSc honours degree studying Advanced Mathematics of Finance. She is currently studying towards a MSc in Statistical Science from UCT where her thesis covers "Tactical Asset Allocation with Flexible Investor Views".

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 (31 Dec 2020):	0.27%
Perf Fee TER (31 Dec 2020):	0%
Annual:	0.201%
Performance:	n/a


Top Holdings on 31 Dec 2020
Share	No Units	Value (Rm)	% of Fund
ICORE500	9 711	53.76	99.86%
Totals		53.76	99.86%

Asset Allocation

Sectoral Breakdown

1NVEST S&P 500 Index Feeder ETF

Price

Performance to 13 Apr 2021
R1 000 Lumpsum (NAV-NAV Incl. Dividends)
Period	Return	Value(R)	Inflation(R)
3 Months	3.47%	1 034.70	1 015.30
6 Months	3.77%	1 037.70	1 020.50
1 Year	20.62%	1 206.20	1 031.00
3 Years	24.96%	1 951.40	1 128.00

R100 per Month (NAV-NAV Incl. Dividends)
Period	Return	Value(R)	Inflation(R)
3 Months	5.70%	311.54	303.07
6 Months	11.41%	641.22	608.53
1 Year	14.63%	1 299.51	1 228.53
3 Years	19.48%	4 917.26	3 820.34
* Values for periods greater than one year are annualised