Kagiso Islamic Equity Fund Report - May 2017

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1. Minimum dislcosure document /monthly fund fact sheet Kagiso Islamic Equity Fund May 2017 Date of issue: 12 June 2017 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 Fund objective A Sharia-compliant fund that aims to provide steady capital growth and a total portfolio return that is better than the average general equity fund. Islamic Balanced Protector This fund is suitable for Stable Risk: Low Low - medium Medium Medium - high This fund will generally be fully invested in a diversified portfolio of domestic and international equity securities, subject to the statutory investment limitations. The underlying investments will comply with Sharia requirements as prescribed by the Accounting & Auditing Organisation for Islamic Financial Institutions (AAOIFI) and will not invest in any interest-bearing instruments. Asset and sector allocation Basic Materials 35.6% Industrials 10.5% Healthcare 1.0% Consumer Services 0.5% Telecommunications Technology Foreign cash Visit our website 3.6% www.kagisoam.com 5.7% Call Client Service 0800 864 418 5.0% Foreign equities Email 24.5% clientservice@kagisoam.com 0.4% Fax 088 021 671 3112 Top 10 holdings Mondi Sasol AECI Pan African Resources Equites Property Fund 2 Muslim investors seeking a Sharia-compliant portfolio of South African equities, who are in their wealth accumulation phase. Investors would be able to withstand short-term market fluctuations in pursuit of maximum capital growth over the long term. Invest with us Contact your financial adviser or 1.7% Property Cash & Sukuks Total domestic equities = 64.4% 11.5% Consumer Goods 1 Portfolio Manager Abdul Davids 6.2% 4.8% 3.7% 3.3% 3.2% Tongaat Hulett LyondellBasell African Rainbow Minerals Anglo Platinum Adcorp Total 3.0% 2.9% 2.6% 2.6% 2.5% 34.8% 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 March 2017. 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 indicationn of future TERs. Transaction costs (TC) 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 March 2017. Fees and charges (excl VAT) Initial fee Financial advisor fee Ongoing advice fee Management fee TER1 TC2 0.00% max 3.00% max 1.00% pa 1.25% pa 1.51% 0.46% Page 1/2
2. Minimum dislcosure document /monthly fund fact sheet Kagiso Islamic Equity Fund May 2017 Performance1 R 3,000 R1,000 initial investment Islamic Equity Fund Benchmark R 2,500 R 2,000 R 1,500 For illustrative purposes only R 1,000 Jul 09 Jul 10 Annualised performance Fund Jul 11 Jul 12 Jul 13 Jul 14 Benchmark Outperformance Highest# Lowest# Jul 15 Risk statistics 1 year 6.7% 0.1% 6.6% 3.9% -3.2% Annualised deviation 3 years 3.6% 3.6% 0.0% 7.3% -4.6% Sharpe ratio 5 years 10.0% 10.6% -0.6% 8.1% -4.9% Since inception 11.9% 12.7% -0.8% 8.1% -4.9% #Highest and lowest monthly fund performance during specified period Jul 16 Fund Benchmark 10.3% 9.8% 0.5 0.6 Maximum gain* 18.6% 18.7% Maximum drawdown* -14.1% -10.2% % positive months 64.2% 60.0% * Consecutive months of change in the same direction 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 on request from Client Service. Fund size KAIE NAV Benchmark ASISA category Launch date Income distributions R625.82 million 227.87 cpu South African - Equity - General funds mean South African - Equity - General 13 July 2009 31 December 2016 1.08 cpu 30 June 2016 0.93 cpu Investment minimum Lump sum R5,000 Debit order R500 pm Trustee Melinda Mostert Head: Standard Bank Trustee Services melinda.mostert@standardbank.co.za Fund registration no (ISIN) ZAE000150843 Portfolio Manager Abdulazeez Davids, BCom, CFA - adavids@kagisoam.com 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 Tauha 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 and in selected major newspapers. 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