Kagiso Islamic Balanced Fund Report - December 2020

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1. Minimum disclosure document /monthly fund fact sheet Kagiso Islamic Balanced Fund December 2020 Date of issue: 18 January 2021 Potentially higher returns Risk profile Low equity fund with high income and capital protection Medium equity fund with capital protection and lower volatility High equity fund with prudential constraints (ie Reg 28 compliant) Unconstrained pure equity fund (ie can deviate from benchmark) Islamic Equity Portfolio Manager Abdul Davids BCom (Accounting), CFA Fund objective A Sharia-compliant fund that aims to provide steady long-term returns and capital growth within the constraints of the statutory investment restrictions for retirement funds. Islamic Balanced Protector Stable Risk: This fund is suitable for Low Low - medium Medium Medium - high This fund will be invested in a wide variety of domestic and international asset classes such as equity securities, sukuks and listed property, within the constraints of the statutory investment restrictions for retirement funds. The underlying investments will comply with Sharia requirements as prescribed by the Accounting & Auditing Organisation for Islamic Financial Institutions (AAOIFI). The fund will not invest in any interest-bearing instruments. Asset allocation Equities 49.5% Foreign equities 23.9% Invest with us Contact your financial adviser or Cash & Sukuks 21.5% Foreign cash 1.4% Visit our website www.kagisoam.com Property 3.7% Call Client Service 0800 864 418 Email Top 10 equity holdings* Omnia Anglo Platinum MTN Northam Platinum AECI Muslim investors requiring a Sharia-compliant portfolio appropriate for retirement schemes. Investors would be seeking to build and grow their long-term retirement capital, while preserving the purchasing power thereof over the long term and limiting exposure to short-term market fluctuations. 3.7% 3.0% 2.7% 2.5% 2.5% Anglo American Afrox Telkom Libstar Exxaro Resources Total 2.4% 2.3% 2.2% 2.0% 1.9% 25.2% * Top holdings comprise domestic and global equities 1 TER (total expense ratio) = % of average NAV of portfolio incurred as charges, levies and fees in the management of the portfolio for the rolling three-year period to 31 December 2020. A higher TER does not necessarily imply a poor return, nor does a low TER imply a good return. The current TER may not necessarily be an accurate indication of future TERs. 2 TC (transaction costs) are unavoidable costs incurred in administering the financial products offered by Kagiso Collective Investments and impact financial product returns. It should not be considered in isolation as returns may be impacted by many other factors over time including market returns, the type of financial product, the investment decisions of the investment manager and the TER. This is also calculated on the rolling three-year period to 31 December 2020. clientservice@kagisoam.com Fax 088 021 671 3112 Fees and charges (excl VAT) Initial fee Financial adviser fee Ongoing advice fee Management fee TER1 TC2 0.00% max 3.00% max 1.00% pa 1.25% pa 1.55% 0.17% Page 1/2
2. Minimum dislcosure document /monthly fund fact sheet Kagiso Islamic Balanced Fund December 2020 Performance1 R 2,100 R1,000 initial investment Islamic Balanced Fund Benchmark R 1,900 R 1,700 R 1,500 R 1,300 R 1,100 For illustrative purposes only R 900 2011 2012 Annualised performance 1 year 3 years 5 years Since inception Fund 8.2% 6.3% 7.7% 7.0% 2013 2014 2015 2016 2017 Benchmark Outperformance Highest# Lowest# 5.2% 3.0% 8.0% -9.3% 3.5% 2.8% 8.0% -9.3% 4.4% 3.3% 8.0% -9.3% 7.8% -0.8% 8.2% -9.3% #Highest and lowest monthly fund performance during specified period 2018 2019 Risk statistics Annualised deviation Sharpe ratio* Maximum gain# Maximum drawdown# % positive months 2020 Fund 8.7% 0.1 16.1% -15.1% 62.1% Benchmark 8.0% 0.2 17.0% -14.1% 67.8% # Consecutive months of change in the same direction * The Sharpe ratio is used to measure how well the return of an asset compensates the investor for the risk taken. The higher the Sharpe ratio the better the Fund’s historical risk-adjusted performance has been. This is calculated by taking the difference between the Fund’s annualised return and the risk-free (cash) rate, divided by the standard deviation of the Fund’s returns. 1 Performance is quoted from Morningstar as at month-end for a lump sum investment using Class A Net Asset Value (NAV) prices with income distributions reinvested (income is reinvested on the reinvestment date). NAV refers to the value of the fund’s assets less the value of its liabilities, divided by the number of units in issue. Performance figures are quoted after the deduction of all costs incurred within the fund. Individual investor performance may differ as a result of initial fees, the actual investment date, the date of reinvestment and dividend withholding tax. All performances are annualised (ie the average annual return over the given time period). Actual annual figures are available onn request from Client Service. Fund size KAIB NAV Benchmark ASISA category Launch date Trustee R1,722.38 million 183.57 cpu South African - Multi Asset - High Equity funds mean South African - Multi Asset - High Equity 3 May 2011 Melinda Mostert Head: Standard Bank Trustee Services melinda.mostert@standardbank.co.za Fund registration no (ISIN) ZAE000154993 Portfolio Manager Income distributions 31 December 2020 30 June 2020 0.45 cpu 0.54 cpu Investment minimum Lump sum R5,000 Debit order R500 pm Abdulazeez Davids - Abdul joined Kagiso in 2008 and is Head of Research. Previously he was with Allan Gray as an investment analyst and portfolio manager. Sharia advisory and supervisory board members Sheigh Mohammed Taha Karaan Mufti Zubair Bayat Mufti Ahmed Suliman Pricing: All funds are valued and priced at 15:00 each business day and at 17:00 on the last business day of the month. Forward pricing is used. The deadline for receiving instructions is 14:00 each business day to ensure same day value. Prices are published daily on our website. The Kagiso unit trust fund range is offered by Kagiso Collective Investments Limited (RF) (Kagiso), registration number 2010/009289/06. Kagiso is a subsidiary of Kagiso Asset Management (Pty) Limited [a licensed financial services provider (FSP No. 784)], the investment manager of the unit trust funds. Kagiso is a member of the Association for Savings and Investment SA (ASISA) and is a registered management company in terms of the Collective Investment Schemes Control Act, No 45 of 2002. Unit trusts are generally medium to long-term investments. The value of units will fluctuate and past performance should not be used as a guide for future performance. Kagiso does not provide any guarantee either with respect to the capital or the return of the portfolio(s). Foreign securities may be included in the portfolio(s) and may result in potential constraints on liquidity and the repatriation of funds. In addition, macroeconomic, political, foreign exchange, tax and settlement risks may apply. However, our robust investment process takes these factors into account. Unit trusts are traded at ruling prices and can engage in scrip lending and borrowing. Exchange rate movements, where applicable, may affect the value of underlying investments. Different classes of units may apply and are subject to different fees and charges. A schedule of the maximum fees, charges and commissions is available upon request. Commission and incentives may be paid, and if so, would be included in the overall costs. Kagiso has the right to close the portfolio to new investors in order to manage it more effectively in accordance with its mandate. Additional information is available free of charge on our website or from Client Service. Page 2/2