income assets
CITADEL SA MONEY MARKET H4 FUNDCITADEL SA INCOME H4 FUND
CITADEL SA BOND H4 FUND
MESSAGE FROM CAM
LET THE PEOPLE BE HEARD: 50% OF GLOBAL POPULATION VOTES IN 2024!
INSIGHTS
ECONOMIC OUTLOOK
UPDATE
FUND PERFORMANCE
Estimated reading time: 10 minutes
DOMESTIC SOLUTIONS RISK PROFILE - FOURTH QUARTER 2024
CITADEL SA INCOME H4 FUND
CITADEL SA BOND H4 FUND
capital preservation
CITADEL MULTI-STRATEGY H4 QIHFCITADEL WORLDWIDE MULTI-STRATEGY H4 RETAIL HEDGE FUND
CITADEL SA MANAGED VOLATILITY H4 FUND
multi-asset
H4 STABLE FUNDH4 DIVERSIFIED FUND
H4 GROWTH FUND
H4 MANAGED FUND
CITADEL BALANCED H4 FUND
CITADEL WORLDWIDE FLEXIBLE H4 FUND
H4 WORLDWIDE EQUITY FUND
long-term growth
CITADEL GLOBAL EQUITY H4 FUNDCITADEL SA MULTI-FACTOR EQUITY H4 FUND
CITADEL SA CORE EQUITY H4 FUND
CITADEL SA PROPERTY H4 FUND
INTERNATIONAL SOLUTION RISK PROFILE - FOURTH QUARTER 2024
income assets
PEREGRINE US BOND FUNDPEREGRINE ENHANCED USD CASH FUND
capital preservation
CAM BASTION DOLLAR FUNDCAM BASTION RAND FUND
PEREGRINE US MANAGED VOLATILITY FUND
multi-asset
PEREGRINE GLOBAL BALANCED FUNDPEREGRINE GLOBAL LOW EQUITY FUND
PEREGRINE GLOBAL MEDIUM EQUITY FUND
PEREGRINE GLOBAL HIGH EQUITY FUND
long-term growth
PEREGRINE GLOBAL MULTI-STRATEGY EQUITY FUNDPEREGRINE EMERGING MARKET EQUITY FUND
PEREGRINE GLOBAL GREATS FUND
PEREGRINE GLOBAL DIVIDEND FUND
PEREGRINE GLOBAL GROWTH FUND
PEREGRINE GLOBAL REAL ESTATE FUND
PEREGRINE GLOBAL EQUITY FEEDER FUND
ASSET CLASSES AND ECONOMIC DATA
| PERFORMANCE AS AT 31 DECEMBER 2023 (%) | 3 MONTHS | 1 YEAR | 3 YEARS | 5 YEARS | NOTES | |
| RETURNS FOR PERIODS LONGER THAN 1 YEAR ARE ANNUALISED | ||||||
| Asset Classes and Economic data | ||||||
| (Performance in rand) | ||||||
| STeFI 3-month Total Return Index | South African Money Market | 2,0% | 7,8% | 5,4% | 5,6% | |
| FTSE/JSE All Bond Index | South African Bonds | 8,1% | 9,7% | 7,4% | 8,2% | |
| FTSE/JSE All Share Index | South African Equity | 6,9% | 9,3% | 13,5% | 11,9% | |
| ICE BofAML US Treasury Index | US Bonds | 2,6% | 11,6% | 3,2% | 5,4% | |
| MSCI AC World Index (Net) | Global Equity | 7,8% | 31,3% | 13,8% | 17,2% | |
| MSCI AC World High Dividend Yield Index (Net) | Global Equity (High Dividend Yielding) | 3,9% | 17,5% | 12,9% | 13,1% | |
| MSCI Emerging Markets Index (Net) | Emerging Market Equity | 4,7% | 18,0% | 2,1% | 8,8% | |
| SA CPI | South African Inflation | 0,8% | 5,1% | 6,1% | 5,1% | 1 |
| ZAR/USD | -2,9% | 7,5% | 7,6% | 4,9% | ||
| (Performance in US dollar) | ||||||
| FTSE/JSE All Bond Index | South African Bonds | 11,3% | 2,0% | -0,2% | 3,2% | |
| ICE BofAML US Treasury Index | US Bonds | 5,7% | 3,9% | -4,0% | 0,5% | |
| FTSE/JSE All Share Index | South African Equity | 10,1% | 1,7% | 5,5% | 6,6% | |
| MSCI AC World Index (Net) | Global Equity | 11,0% | 22,2% | 5,8% | 11,7% | |
| MSCI AC World High Dividend Yield Index (Net) | Global Equity (High Dividend Yielding) | 7,0% | 9,3% | 4,9% | 7,8% | |
| MSCI Emerging Markets Index (Net) | Emerging Market Equity | 7,9% | 9,8% | -5,1% | 3,7% | |
NOTES:
- December 2023 CPI was not available at the time of publication and an estimate was used.
Sources: Morningstar and Refinitiv
PORTFOLIO PERFORMANCE
| PERFORMANCE AS AT 31 DECEMBER 2023 (%) | 1 YEAR | 3 YEARS | 5 YEARS | SINCE INCEPTION | INCEPTION DATE | NOTES | |
| RETURNS FOR PERIODS LONGER THAN 1 YEAR ARE ANNUALISED | |||||||
| UNIT TRUSTS | |||||||
| (Performance in rand) | |||||||
| INTEREST BEARING | |||||||
| Citadel SA Money Market H4 Fund | South African - Interest Bearing - Money Market | 8,4% | 5,9% | 6,1% | 6,5% | 01-Sep-2013 | |
| Benchmark: STeFI 3-month Total Return Index | 7,8% | 5,4% | 5,6% | 6,0% | |||
| Citadel SA Income H4 Fund | South African - Interest Bearing - Short Term | 9,0% | 6,5% | 6,7% | 7,2% | 05-Nov-2014 | |
| Benchmark: STeFI Composite Total Return Index | 8,1% | 5,7% | 5,9% | 6,5% | |||
| Citadel SA Bond H4 Fund | South African - Interest Bearing - Variable Term | 8,5% | 6,7% | 8,1% | 8,7% | 08-Aug-2001 | |
| Benchmark: FTSE/JSE All Bond Index | 9,7% | 7,4% | 8,2% | 9,1% | |||
| QUALIFIED INVESTOR HEDGE FUNDS | |||||||
| Citadel Multi-Strategy H4 QI Hedge Fund | South African - Multi-Strategy Hedge Fund | 11,7% | 10,7% | 10,0% | 7,9% | 01-Nov-2016 | 10, 13 |
| Benchmark: STeFI 3-month Total Return Index + 3% | 11,1% | 8,6% | 8,7% | 9,2% | 01-Nov-2016 | ||
| MULTI-ASSET | |||||||
| Citadel Balanced H4 Fund | South African - Multi Asset - High Equity | 15,9% | 12,2% | 10,0% | 9,2% | 01-Apr-2011 | |
| Benchmark: (ASISA) South African MA High Equity Peer Group Average | 12,3% | 10,5% | 9,2% | 8,5% | 2 | ||
| Citadel SA Managed Volatility Equity H4 Fund | South African - Multi Asset - Flexible | 10,8% | 10,6% | 7,7% | 7,2% | 02-Feb-2015 | 8 |
| Benchmark: 60% FTSE/JSE Top 40; 40% STeFI Composite | 9,0% | 10,6% | 10,2% | 8,1% | |||
| Citadel Worldwide Flexible H4 Fund | Worldwide - Multi Asset - Flexible | 18,7% | 12,4% | 11,6% | 8,9% | 17-Oct-2017 | |
| Benchmark: (ASISA) Wwide MA Flexible Peer Group Average | 18,9% | 9,4% | 10,4% | 7,6% | 12 | ||
| MULTI-ASSET (REAL RETURN SOLUTION) | |||||||
| H4 Stable Fund | South African - Multi Asset - Low Equity | 12,6% | 9,9% | 9,3% | 7,7% | 01-Jul-2015 | 1 |
| Benchmark: (ASISA) South African MA Low Equity Peer Group Average | 11,0% | 8,5% | 7,9% | 6,6% | 12 | ||
| H4 Diversified Fund | South African - Multi Asset - High Equity | 13,4% | 11,9% | 10,8% | 8,2% | 22-May-2013 | |
| Benchmark: (ASISA) South African MA High Equity Peer Group Average | 12,3% | 10,5% | 9,2% | 7,5% | 12 | ||
| H4 Growth Fund | Worldwide - Multi Asset - Flexible | 20,3% | 12,7% | 11,7% | 8,4% | 22-May-2013 | |
| Benchmark: (ASISA) Wwide MA Flexible Peer Group Average | 18,9% | 9,4% | 10,4% | 9,0% | 12 | ||
| H4 Worldwide Equity Fund | Worldwide - Equity - General | 22,3% | 13,8% | 13,8% | 10,0% | 22-May-2013 | 1 |
| Benchmark: 35% (ASISA) SA - Equity - General Peer Group Average; 65% (ASISA) Global - Equity - General Peer Group Average | 20,5% | 11,4% | 13,2% | 11,0% | 12 | ||
| H4 Managed Fund | South African - Multi Asset - Flexible | 13,1% | 12,3% | 10,8% | 7,8% | 21-Nov-2017 | 7 |
| Benchmark: SA CPI +6% | 11,4% | 12,4% | 11,4% | 11,3% | 11 | ||
| EQUITY | |||||||
| Citadel SA Core Equity H4 Fund | South African - Equity - Large Cap | 4,2% | 11,8% | 9,5% | 7,6% | 09-May-2017 | 9 |
| Benchmark: FTSE/JSE Capped Top 40 Index (J300T) | 7,7% | 14,0% | 12,1% | 9,8% | 3 | ||
| Citadel SA Multi-Factor Equity H4 Fund | South African - Equity - General | 7,3% | 12,6% | 10,1% | 6,9% | 18-Jun-2015 | |
| Benchmark: FTSE/JSE Capped All Share Index (J303T) | 8,4% | 14,3% | 11,9% | 8,4% | 4 | ||
| Citadel Global Equity H4 FoF | Global - Equity - General | 27,8% | 12,4% | 14,9% | 9,5% | 06-Nov-2002 | |
| Benchmark: MSCI AC World Net (in rand) | 31,3% | 13,8% | 17,2% | 11,3% | 5 | ||
| PROPERTY | |||||||
| Citadel SA Property H4 Fund | South African - Real Estate - General | 8,2% | 13,3% | -1,6% | -0,1% | 10-Dec-2014 | |
| Benchmark: FTSE/JSE All Property Index | 10,7% | 14,6% | -0,4% | 0,5% | 6 | ||
NOTES:
- H4 Stable Fund’s inception date is 31 May 2013. Strategy changed on 1 July 2015 and prior performance history was lost.
- The fund’s benchmark was changed with effect 1 June 2022.
- FTSE/JSE Top 40 Index (J200T) before 5 March 2018.
- FTSE/JSE All Share Index before 1 June 2018.
- MSCI World Net (in rand) before 1 April 2011.
- FTSE/JSE Listed Property Index prior to 1 May 2019.
- H4 CPI + 6% prior to name change on 1 March 2021.
- SA Protected Equity prior to name change on 1 April 2021.
- Citadel SA 20/20 Equity H4 Fund prior to name change on the 1st of December 2022.
- Only ‘Qualified Investors’ which meet prescribed requirements are permitted to invest in this fund. Please speak to your financial advisor if you have any questions.
- December 2023 CPI was not available at the time of publication and an estimate was used.
- The fund’s benchmark was changed with effect 1 August 2023.
- 31 December 2023 price not available at time of publication. Performance calculated up to 30 November 2023.
| FUND COSTS AS AT 31 DECEMBER 2023 | AMF (incl, VAT) | FY TER | ASISA TER | TC | TIC | INCEPTION DATE | NOTES | |
| DOMESTIC UNIT TRUSTS AND HEDGE FUNDS | ||||||||
| INTEREST BEARING | ||||||||
| Citadel SA Money Market H4 B1 Class Fund | South African - Interest Bearing - Money Market | 0,52% | 0,56% | 0,55% | 0,00% | 0,55% | 01-Sep-2013 | |
| Citadel SA Income H4 B1 Class Fund | South African - Interest Bearing - Short Term | 0,58% | 0,59% | 0,59% | 0,00% | 0,59% | 05-Nov-2014 | |
| Citadel SA Bond H4 B1 Class Fund | South African - Interest Bearing - Variable Term | 0,86% | 0,88% | 0,88% | 0,03% | 0,91% | 08-Aug-2001 | |
| QUALIFIED INVESTOR HEDGE FUNDS | ||||||||
| Citadel Multi-Strategy H4 QI Hedge Fund | South African - Multi-Strategy Hedge Fund | 1,44% | 6,20% | 5,53% | 1,18% | 6,71% | 01-Nov-2016 | 1 |
| MULTI-ASSET | ||||||||
| Citadel Balanced H4 B1 Class Fund | South African - Multi Asset - High Equity | 1,44% | 1,56% | 1,59% | 0,22% | 1,81% | 01-Apr-2011 | |
| Citadel SA Managed Volatility Equity H4 Fund | South African - Multi Asset - Flexible | 1,15% | 1,18% | 1,18% | 0,14% | 1,32% | 02-Feb-2015 | |
| Citadel Worldwide Flexible H4 Fund B3 | Worldwide Multi Asset Flexible | 1,44% | 1,53% | 1,56% | 0,19% | 1,75% | 17-Oct-2017 | |
| MULTI-ASSET (REAL RETURN SOLUTION) | ||||||||
| H4 Stable Fund | South African - Multi Asset - Low Equity | 0,75% | 0,82% | 0,83% | 0,10% | 0,93% | 01-Jul-2015 | |
| H4 Diversified Fund | South African - Multi Asset - High Equity | 0,75% | 0,85% | 0,83% | 0,14% | 0,97% | 22-May-2013 | |
| H4 Growth Fund | Worldwide - Multi Asset - Flexible | 0,75% | 0,96% | 0,90% | 0,16% | 1,06% | 22-May-2013 | |
| H4 Worldwide Equity Fund | Worldwide - Equity - General | 0,75% | 0,98% | 0,92% | 0,14% | 1,06% | 22-May-2013 | |
| H4 Managed Fund | South African - Multi Asset - Flexible | 0,75% | 0,87% | 0,87% | 0,13% | 1,00% | 21-Nov-2017 | |
| EQUITY | ||||||||
| Citadel SA Core Equity H4 B1 Class Fund | South African - Equity - Large Cap | 1,15% | 1,17% | 1,17% | 0,12% | 1,29% | 09-May-2017 | |
| Citadel SA Multi-Factor Equity H4 B1 Class Fund | South African - Equity - General | 0,92% | 0,95% | 0,95% | 0,50% | 1,45% | 18-Jun-2015 | |
| Citadel Global Equity H4 FoF | Global - Equity - General | 1,44% | 1,64% | 1,58% | 0,08% | 1,66% | 06-Nov-2002 | |
| PROPERTY | ||||||||
| Citadel SA Property H4 B1 Class Fund | South African - Real Estate - General | 1,15% | 1,20% | 1,19% | 0,05% | 1,24% | 10-Dec-2014 | |
NOTES:
- MSCI World (Net) in US$ before 1 April 2011.
- The fund’s benchmark was changed with effect 1 August 2023.
- MSCI AC World Net US$ before 1 January 2018.
- Peregrine US Protected Equity Fund prior to name change on the 1st of December 2020.
| ZAR PERFORMANCE AS AT 31 DECEMBER 2023 (%) | 1 YEAR | 3 YEARS | 5 YEARS | SINCE INCEPTION | INCEPTION DATE | NOTES | |
| RETURNS FOR PERIODS LONGER THAN 1 YEAR ARE ANNUALISED | |||||||
| INTERNATIONAL SOLUTIONS (FSCA Approved) | |||||||
| (Performance in rand) | |||||||
| INTEREST BEARING | |||||||
| Peregrine Enhanced USD Cash Fund | US - Interest Bearing - Short Term | 12,3% | 9,3% | 8,0% | 25-Jul-2019 | ||
| Benchmark: ICE BofA 3M US Treasury Bill Index | 12,9% | 9,9% | 8,3% | ||||
| Peregrine US Bond Fund USD Share Class | US - Interest Bearing | 12,6% | 2,9% | 2,4% | 02-Sep-2019 | ||
| Benchmark: ICE BofA US Treasury Index | 11,6% | 3,2% | 2,9% | ||||
| INTEREST BEARING (HEDGED TO RAND) | |||||||
| Peregrine Enhanced USD Cash Fund ZAR Share Class | US - Interest Bearing - Short Term (Hedged to rand) | 7,7% | 5,6% | 5,6% | 22-Jul-2020 | ||
| Benchmark: ICE BofA 3M US Treasury Bill Index (Hedged to rand) | 8,1% | 6,0% | 5,7% | ||||
| Peregrine US Bond Fund ZAR Share Class | US - Interest Bearing (Hedged to rand) | 11,9% | 3,0% | 4,2% | 02-Sep-2019 | ||
| Benchmark: ICE BofA US Treasury Index (50% Hedged to rand) | 9,2% | 1,5% | 3,0% | ||||
| ALTERNATIVE | |||||||
| CAM Bastion Dollar Fund | Global - Hedge Fund | 13,5% | 5,2% | 0,4% | 01-Sep-2020 | ||
| Benchmark: US Cash + 1,75% | 15,0% | 11,9% | 6,2% | 01-Sep-2020 | |||
| Peregrine US Managed Volatility Equity Fund USD Class R | US - Multi-Asset - Flexible | 23,6% | 14,3% | 12,8% | 9,9% | 27-Oct-2016 | 5 |
| Benchmark: 60% S&P 500; 40% ICE BofA SOFR Index | 26,1% | 15,0% | 15,5% | 13,1% | 27-Oct-2016 | ||
| ALTERNATIVE (HEDGED TO RAND) | |||||||
| CAM Bastion Rand Fund | Global - Hedge Fund (Hedged to rand) | 9,0% | 5,7% | 5,8% | 01-Sep-2020 | ||
| Benchmark: US Cash + 1,75% (Hedged to rand) | 10,2% | 8,0% | 7,7% | ||||
| Peregrine US Managed Volatility Equity Fund Class R ZAR Share Class | US - Multi-Asset - Flexible (Hedged to rand) | 23,0% | 14,7% | 14,4% | 01-Dec-2020 | ||
| Benchmark: 60% S&P 500; 40% ICE BofA SOFR Index (50% Hedged to rand) | 23,7% | 13,3% | 12,8% | ||||
| MULTI-ASSET | |||||||
| Peregrine Global Balanced | Global - Multi Asset - High Equity | 22,0% | 10,4% | 11,8% | 12,2% | 01-Feb-2011 | |
| Benchmark: (Morningstar) EAA Fund USD Aggressive Allocation Peer Group Average | 20,7% | 10,1% | 12,1% | 12,1% | 2 | ||
| Peregrine Global High Equity Fund Class R USD | Global - Multi Asset - High Equity | 25,4% | 17,8% | 14-Apr-2022 | |||
| Benchmark: (Morningstar) EAA Fund USD Aggressive Allocation Peer Group Average | 20,7% | 16,0% | |||||
| Peregrine Global Medium Equity Fund Class R USD | Global - Multi Asset - Medium Equity | 22,2% | 13,5% | 26-Apr-2022 | |||
| Benchmark: (Morningstar) EAA Fund USD Moderate Allocation Peer Group Average | 18,6% | 11,6% | |||||
| Peregrine Global Low Equity Fund Class R USD | Global - Multi Asset - Low Equity | 17,4% | 11,0% | 26-Apr-2022 | |||
| Benchmark: (Morningstar) EAA Fund USD Cautious Allocation Peer Group Average | 15,6% | 10,7% | |||||
| MULTI-ASSET (HEDGED TO RAND) | |||||||
| Peregrine Global Balanced Fund ZAR Share Class | Global - Multi Asset - High Equity (Hedged to rand) | 17,1% | 6,6% | 10,5% | 9,4% | 01-Jul-2011 | |
| Benchmark: (Morningstar) EAA Fund USD Aggressive Allocation Peer Group Average (ZAR hedged) | 14,8% | 5,4% | 9,5% | 8,2% | 2 | ||
| EQUITY | |||||||
| Peregrine Global Greats Fund Class R USD | Global - Equity - General | 32,2% | 15,0% | 16,4% | 16,4% | 03-Aug-2012 | |
| Benchmark: MSCI World (Net) in US$ | 33,0% | 15,4% | 18,4% | 18,1% | 3 | ||
| Peregrine Global Multi-Strategy Equity USD | Global - Equity - General | 27,3% | 12,8% | 14,3% | 7,9% | 03-Jun-2000 | |
| Benchmark: MSCI AC World Net US$ | 31,3% | 13,8% | 17,2% | 9,4% | 1 | ||
| Peregrine Global Growth Fund USD Class R | Global - Equity - General | 32,6% | 10,0% | 20-Aug-2021 | |||
| Benchmark: 20% ICE BofA US Treasury Index; 80% MSCI World (Net) in US$ | 29,0% | 11,8% | |||||
| Peregrine Global Equity Feeder Fund USD Class R | Global - Equity - General | 27,3% | 11,2% | 10-Aug-2021 | |||
| Benchmark: MSCI AC World Net US$ | 31,3% | 10,9% | |||||
| Peregrine Global Dividend Fund USD Class R | Global - Equity - Income | 15,3% | 11,6% | 08-Sep-2021 | |||
| Benchmark: MSCI World High Dividend Yield Index | 17,3% | 14,5% | |||||
| EMERGING MARKET EQUITY | |||||||
| Peregrine Emerging Market Equity Fund USD R | Emerging Market - Equity - General | 17,6% | 3,1% | 02-Jun-2021 | |||
| Benchmark: MSCI Emerging Market Net US$ | 18,0% | 1,9% | |||||
| EQUITY (HEDGED TO RAND) | |||||||
| Peregrine Global Greats Fund Class R ZAR Share Class | Global - Equity - General (Hedged to rand) | 26,1% | 10,0% | 14,0% | 13,0% | 06-Sep-2017 | |
| Benchmark: MSCI World Net US$ (Hedged to rand) | 26,4% | 10,2% | 15,1% | 12,5% | 4 | ||
| Peregrine Global Multi-Strategy Equity ZAR Share Class | Global - Equity - General (Hedged to rand) | 26,8% | 8,2% | 08-Dec-2021 | |||
| MSCI ACWI (50% ZAR hedged) | 28,3% | 5,4% | |||||
| PROPERTY | |||||||
| Peregrine Global Real Estate Fund R Class | Global - Real Estate | 15,1% | 9,4% | 9,3% | 7,4% | 25-Apr-2015 | |
| Benchmark: (Morningstar) EAA Fund Property - Indirect Global Peer Group Average | 17,9% | 7,6% | 7,8% | 6,3% | 2 | ||
NOTES:
- MSCI World (Net) in US$ before 1 April 2011.
- The fund’s benchmark was changed with effect 1 August 2023.
- MSCI AC World Net US$ before 1 January 2018.
- MSCI AC World Net US$ (hedged to ZAR) prior to 1 January 2018.
- Peregrine US Protected Equity Fund prior to name change on the 1st of December 2020.
GENERAL DISCLAIMER AVAILABLE FROM NIKKI KLERCK (nikkik@citadel.co.za)
| FUND COSTS AS AT 31 DECEMBER 2023 | AMF (incl, VAT) | FY TER | ASISA TER | TC | TIC | INCEPTION DATE | NOTES | |
| DOMESTIC UNIT TRUSTS AND HEDGE FUNDS | ||||||||
| INTEREST BEARING | ||||||||
| Citadel SA Money Market H4 B1 Class Fund | South African - Interest Bearing - Money Market | 0,52% | 0,56% | 0,55% | 0,00% | 0,55% | 01-Sep-2013 | |
| Citadel SA Income H4 B1 Class Fund | South African - Interest Bearing - Short Term | 0,58% | 0,59% | 0,59% | 0,00% | 0,59% | 05-Nov-2014 | |
| Citadel SA Bond H4 B1 Class Fund | South African - Interest Bearing - Variable Term | 0,86% | 0,88% | 0,88% | 0,03% | 0,91% | 08-Aug-2001 | |
| QUALIFIED INVESTOR HEDGE FUNDS | ||||||||
| Citadel Multi-Strategy H4 QI Hedge Fund | South African - Multi-Strategy Hedge Fund | 1,44% | 6,20% | 5,53% | 1,18% | 6,71% | 01-Nov-2016 | 1 |
| MULTI-ASSET | ||||||||
| Citadel Balanced H4 B1 Class Fund | South African - Multi Asset - High Equity | 1,44% | 1,56% | 1,59% | 0,22% | 1,81% | 01-Apr-2011 | |
| Citadel SA Managed Volatility Equity H4 Fund | South African - Multi Asset - Flexible | 1,15% | 1,18% | 1,18% | 0,14% | 1,32% | 02-Feb-2015 | |
| Citadel Worldwide Flexible H4 Fund B3 | Worldwide Multi Asset Flexible | 1,44% | 1,53% | 1,56% | 0,19% | 1,75% | 17-Oct-2017 | |
| MULTI-ASSET (REAL RETURN SOLUTION) | ||||||||
| H4 Stable Fund | South African - Multi Asset - Low Equity | 0,75% | 0,82% | 0,83% | 0,10% | 0,93% | 01-Jul-2015 | |
| H4 Diversified Fund | South African - Multi Asset - High Equity | 0,75% | 0,85% | 0,83% | 0,14% | 0,97% | 22-May-2013 | |
| H4 Growth Fund | Worldwide - Multi Asset - Flexible | 0,75% | 0,96% | 0,90% | 0,16% | 1,06% | 22-May-2013 | |
| H4 Worldwide Equity Fund | Worldwide - Equity - General | 0,75% | 0,98% | 0,92% | 0,14% | 1,06% | 22-May-2013 | |
| H4 Managed Fund | South African - Multi Asset - Flexible | 0,75% | 0,87% | 0,87% | 0,13% | 1,00% | 21-Nov-2017 | |
| EQUITY | ||||||||
| Citadel SA Core Equity H4 B1 Class Fund | South African - Equity - Large Cap | 1,15% | 1,17% | 1,17% | 0,12% | 1,29% | 09-May-2017 | |
| Citadel SA Multi-Factor Equity H4 B1 Class Fund | South African - Equity - General | 0,92% | 0,95% | 0,95% | 0,50% | 1,45% | 18-Jun-2015 | |
| Citadel Global Equity H4 FoF | Global - Equity - General | 1,44% | 1,64% | 1,58% | 0,08% | 1,66% | 06-Nov-2002 | |
| PROPERTY | ||||||||
| Citadel SA Property H4 B1 Class Fund | South African - Real Estate - General | 1,15% | 1,20% | 1,19% | 0,05% | 1,24% | 10-Dec-2014 | |
NOTES:
FY TERs (Total Expense Ratio as at Financial Year-end) have been calculated using data from 1 April 2022 to 31 March 2023 unless stated otherwise.
ASISA TER (Total Expense Ratio) and TCs (Transaction Cost Ratio) have been calculated using data from 1 October 2020 to 30 September 2023 unless stated otherwise. The TIC (Total Investment Charges) is the sum of these figures.
- Only ‘Qualified Investors’ which meet prescribed requirements are permitted to invest in this fund. Please speak to your financial advisor if you have any questions.
| FUND COSTS AS AT 31 DECEMBER 2023 | AMF | FY TER | ASISA TER | TC | TIC | INCEPTION DATE | NOTES | |
| INTERNATIONAL SOLUTIONS (FSCA Approved) | ||||||||
| INTEREST BEARING | ||||||||
| Peregrine Enhanced USD Cash Fund | US - Interest Bearing - Short Term | 0,35% | 0,50% | 0,49% | 0,04% | 0,53% | 25-Jul-2019 | |
| Peregrine Enhanced USD Cash Fund ZAR Share Class | US - Interest Bearing - Short Term (Hedged to rand) | 0,35% | 0,53% | 0,51% | 0,04% | 0,55% | 22-Jul-2020 | |
| Peregrine US Bond Fund USD Share Class | US - Interest Bearing | 0,60% | 1,13% | 1,15% | 0,09% | 1,24% | 02-Sep-2019 | |
| Peregrine US Bond Fund ZAR Share Class | US - Interest Bearing (Hedged to rand) | 0,80% | 1,34% | 1,36% | 0,09% | 1,45% | 02-Sep-2019 | |
| ALTERNATIVE | ||||||||
| CAM Bastion Dollar Fund | Global - Hedge Fund | 1,25% | 1,77% | 1,76% | 0,48% | 2,24% | 01-Sep-2020 | 1 |
| CAM Bastion Rand Fund | Global - Hedge Fund (Hedged to rand) | 1,25% | 1,82% | 1,81% | 0,48% | 2,29% | 01-Sep-2020 | 1 |
| Peregrine US Managed Volatility Equity Fund USD Class R | US - Multi-Asset - Flexible | 1,25% | 1,47% | 1,50% | 0,05% | 1,55% | 27-Oct-2016 | |
| Peregrine US Managed Volatility Equity Fund Class R ZAR Share Class | US - Multi-Asset - Flexible (Hedged to rand) | 1,25% | 1,48% | 1,51% | 0,05% | 1,56% | 08-Dec-2020 | |
| EQUITY | ||||||||
| Peregrine Global Greats Fund Class R USD | Global - Equity - General | 1,25% | 1,37% | 1,37% | 0,02% | 1,39% | 03-Aug-2012 | |
| Peregrine Global Greats Fund Class R ZAR Share Class | Global - Equity - General (Hedged to rand) | 1,25% | 1,41% | 1,42% | 0,02% | 1,44% | 06-Sep-2017 | |
| Peregrine Global Multi-Strategy Equity USD | Global - Equity - General | 1,25% | 1,64% | 1,64% | 0,11% | 1,75% | 03-Jun-2000 | 1 |
| Peregrine Global Multi-Strategy Equity ZAR Share Class | Global - Equity - General (Hedged to rand) | 1,25% | 1,76% | 1,67% | 0,11% | 1,78% | 01-Dec-2022 | 1 |
| Peregrine Global Growth Fund USD Class R | Global - Equity - General | 1,25% | 1,38% | 1,37% | 0,12% | 1,49% | 20-Aug-2021 | |
| Peregrine Global Equity Feeder Fund USD Class R | Global - Equity - General | 1,25% | 1,78% | 1,73% | 0,32% | 2,05% | 10-Aug-2021 | |
| Peregrine Global Dividend Fund USD Class R | Global - Equity - Income | 1,25% | 1,39% | 1,37% | 0,09% | 1,46% | 08-Sep-2021 | |
| EMERGING MARKET EQUITY | ||||||||
| Peregrine Emerging Market Equity Fund USD R | Emerging Market - Equity - General | 1,25% | 1,72% | 1,69% | 0,49% | 2,18% | 02-Jun-2021 | |
| MULTI-ASSET | ||||||||
| Peregrine Global Balanced | Global - Multi Asset - High Equity | 1,25% | 1,69% | 1,68% | 0,10% | 1,78% | 01-Feb-2011 | 1 |
| Peregrine Global Balanced Fund ZAR Share Class | Global - Multi Asset - High Equity (Hedged to rand) | 1,25% | 1,80% | 1,72% | 0,10% | 1,82% | 01-Jul-2011 | 1 |
| Peregrine Global High Equity Fund Class R USD | Global - Multi Asset - High Equity | 0,85% | n/a | 1,13% | 0,13% | 1,26% | 14-Apr-2022 | |
| Peregrine Global Medium Equity Fund Class R USD | Global - Multi Asset - Medium Equity | 0,80% | n/a | 1,06% | 0,24% | 1,30% | 26-Apr-2022 | |
| Peregrine Global Low Equity Fund Class R USD | Global - Multi Asset - Low Equity | 0,75% | n/a | 0,97% | 0,37% | 1,34% | 26-Apr-2022 | |
| PROPERTY | ||||||||
| Peregrine Global Real Estate Fund R Class | Global - Real Estate | 1,25% | 1,42% | 1,45% | 0,09% | 1,54% | 25-Apr-2015 | |
NOTES:
FY TERs (Total Expense Ratio as at Financial Year-end) have been calculated using data from 1 January 2022 to 31 December 2022 unless stated otherwise.
ASISA TER (Total Expense Ratio) and TCs (Transaction Cost Ratio) have been calculated using data from 1 October 2020 to 30 September 2023 unless stated otherwise. The TIC (Total Investment Charges) is the sum of these figures.
- FY TERs (Total Expense Ratio as at Financial Year-end) have been calculated using data from 1 April 2022 to 31 March 2023.
GENERAL DISCLAIMER AVAILABLE FROM NIKKI KLERCK (nikkik@citadel.co.za)
ROLLING ONE YEAR RETURNS
ONE YEAR ROLLING PERFORMANCE FROM INCEPTION (CLICK TO VIEW)