MESSAGE FROM CAM
ECONOMIC OUTLOOK
UPDATE
FUND PERFORMANCE
DISCLAIMER
FEEDBACK
Estimated reading time: 10 minutes read
ASSET CLASSES AND ECONOMIC DATA
| PERFORMANCE AS AT 30 JUNE 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 | 1,9% | 6,5% | 4,6% | 5,4% | |
| FTSE/JSE All Bond Index | South African Bonds | -1,5% | 8,2% | 7,6% | 7,4% | |
| FTSE/JSE All Share Index | South African Equity | 0,7% | 19,6% | 16,1% | 9,6% | |
| ICE BofAML US Treasury Index | US Bonds | 5,0% | 12,5% | -2,3% | 7,1% | |
| MSCI AC World Index (Net) | Global Equity | 13,1% | 34,4% | 14,1% | 15,3% | |
| MSCI AC World High Dividend Yield Index (Net) | Global Equity (High Dividend Yielding) | 8,5% | 23,6% | 12,1% | 12,9% | |
| MSCI Emerging Markets Index (Net) | Emerging Market Equity | 7,4% | 17,3% | 5,2% | 7,6% | |
| SA CPI | South African Inflation | 0,8% | 5,5% | 5,9% | 4,9% | 1 |
| ZAR/USD | 6,5% | 15,3% | 2,8% | 6,6% | ||
| (Performance in US dollar) | ||||||
| FTSE/JSE All Bond Index | South African Bonds | -7,5% | -6,1% | 4,6% | 0,7% | |
| ICE BofAML US Treasury Index | US Bonds | -1,4% | -2,5% | -5,0% | 0,4% | |
| FTSE/JSE All Share Index | South African Equity | -5,5% | 3,7% | 12,9% | 2,8% | |
| MSCI AC World Index (Net) | Global Equity | 6,2% | 16,5% | 11,0% | 8,1% | |
| MSCI AC World High Dividend Yield Index (Net) | Global Equity (High Dividend Yielding) | 1,9% | 7,2% | 9,0% | 5,9% | |
| MSCI Emerging Markets Index (Net) | Emerging Market Equity | 0,9% | 1,7% | 2,3% | 0,9% |
NOTES:
- June 2023 CPI was not available at the time of publication and an estimate was used.
Sources: Morningstar and Refinitiv
PORTFOLIO PERFORMANCE
NOTES:
- H4 Stable Fund’s inception date is 31 May 2013. Strategy changed on 1 July 2015 and prior performance history was lost.
- Composite benchmark prior 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.
- June 2023 CPI was not available at the time of publication and an estimate was used.
- 30 June 2023 price not available at time of publication. Performance calculated up to 31 May 2023.
- Citadel Multi-Strategy H4 RI Hedge Fund prior to name change on 1 June 2023.
- The ASISA Fund Classification was corrected from “South African – Equity – General” to “South African – Equity – Large Cap”.
NOTES:
- MSCI World (Net) in US$ before 1 April 2011.
- 30% FTSE WGBI (hedged to US$), 70% MSCI AC World Net US$ before 1 September 2019.
- MSCI AC World Net US$ before 1 January 2018.
- Peregrine US Protected Equity Fund prior to name change on the 1st of December 2020.
NOTES:
- MSCI World (Net) in US$ before 1 April 2011.
- 30% FTSE WGBI, 70% MSCI AC World Net US$ before 1 September 2019.
- MSCI AC World Net US$ before 1 January 2018.
- MSCI AC World Net US$ (hedged to ZAR) prior to 1 January 2018.
- 30% FTSE WGBI, 70% MSCI AC World Net (hedged to US$) before 1 September 2019.
- 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 30 JUNE 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% | 6,10% | 1,23% | 7,33% | 01-Nov-2016 | 1 |
| MULTI-ASSET | ||||||||
| Citadel Balanced H4 B1 Class Fund | South African - Multi Asset - High Equity | 1,44% | 1,56% | 1,62% | 0,20% | 1,82% | 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% | 1,57% | 0,15% | 1,72% | 17-Oct-2017 | |
| MULTI-ASSET (REAL RETURN SOLUTION) | ||||||||
| H4 Stable Fund | South African - Multi Asset - Low Equity | 0,75% | 0,82% | 0,84% | 0,10% | 0,94% | 01-Jul-2015 | |
| H4 Diversified Fund | South African - Multi Asset - High Equity | 0,75% | 0,85% | 0,86% | 0,13% | 0,99% | 22-May-2013 | |
| H4 Growth Fund | Worldwide - Multi Asset - Flexible | 0,75% | 0,96% | 0,95% | 0,14% | 1,09% | 22-May-2013 | |
| H4 Worldwide Equity Fund | Worldwide - Equity - General | 0,75% | 0,98% | 0,97% | 0,12% | 1,09% | 22-May-2013 | |
| H4 Managed Fund | South African - Multi Asset - Flexible | 0,75% | 0,87% | 0,89% | 0,12% | 1,01% | 21-Nov-2017 | |
| EQUITY | ||||||||
| Citadel SA Core Equity H4 B1 Class Fund | South African - Equity - Large Cap | 1,15% | 1,17% | 1,17% | 0,11% | 1,28% | 09-May-2017 | 3 |
| 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% | 1,72% | 0,09% | 1,81% | 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 April 2020 to 31 March 2023 unless stated otherwise. The TIC (Total Investment Charges) is the sum of these figures.
ASISA TER (Total Expense Ratio) and TCs (Transaction Cost Ratio) have been calculated using data from 1 April 2020 to 31 March 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.
- Citadel Multi-Strategy H4 RI Hedge Fund prior to name change on 1 June 2023.
- The ASISA Fund Classification was corrected from “South African – Equity – General” to “South African – Equity – Large Cap”.
| FUND COSTS AS AT 30 JUNE 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% | 0,50% | 0,04% | 0,54% | 22-Jul-2020 | |
| Peregrine US Bond Fund USD Share Class | US - Interest Bearing | 0,60% | 1,13% | 1,19% | 0,07% | 1,26% | 02-Sep-2019 | |
| Peregrine US Bond Fund ZAR Share Class | US - Interest Bearing (Hedged to rand) | 0,80% | 1,34% | 1,40% | 0,07% | 1,47% | 02-Sep-2019 | |
| ALTERNATIVE | ||||||||
| CAM Bastion Dollar Fund | Global - Hedge Fund | 1,25% | 1,77% | 1,72% | 0,52% | 2,24% | 01-Sep-2020 | 1 |
| CAM Bastion Rand Fund | Global - Hedge Fund (Hedged to rand) | 1,25% | 1,82% | 1,77% | 0,52% | 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% | 1,53% | 0,05% | 1,58% | 08-Dec-2020 | |
| EQUITY | ||||||||
| Peregrine Global Greats Fund Class R USD | Global - Equity - General | 1,25% | 1,37% | 1,36% | 0,03% | 1,39% | 03-Aug-2012 | |
| Peregrine Global Greats Fund Class R ZAR Share Class | Global - Equity - General (Hedged to rand) | 1,25% | 1,41% | 1,40% | 0,03% | 1,43% | 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% | 1,68% | 0,11% | 1,79% | 01-Dec-2022 | 1 |
| Peregrine Global Growth Fund USD Class R | Global - Equity - General | 1,25% | 1,38% | 1,37% | 0,14% | 1,51% | 20-Aug-2021 | |
| Peregrine Global Equity Feeder Fund USD Class R | Global - Equity - General | 1,25% | 1,78% | 1,72% | 0,35% | 2,07% | 10-Aug-2021 | |
| Peregrine Global Dividend Fund USD Class R | Global - Equity - Income | 1,25% | 1,39% | 1,37% | 0,11% | 1,48% | 08-Sep-2021 | |
| EMERGING MARKET EQUITY | ||||||||
| Peregrine Emerging Market Equity Fund USD R | Emerging Market - Equity - General | 1,25% | 1,72% | 1,71% | 0,48% | 2,19% | 02-Jun-2021 | |
| MULTI-ASSET | ||||||||
| Peregrine Global Balanced | Global - Multi Asset - High Equity | 1,25% | 1,69% | 1,66% | 0,10% | 1,76% | 01-Feb-2011 | 1 |
| Peregrine Global Balanced Fund ZAR Share Class | Global - Multi Asset - High Equity (Hedged to rand) | 1,25% | 1,80% | 1,70% | 0,10% | 1,80% | 01-Jul-2011 | 1 |
| Peregrine Global High Equity Fund Class R USD | Global - Multi Asset - High Equity | 0,85% | n/a | 1,11% | 0,17% | 1,28% | 14-Apr-2022 | |
| Peregrine Global Medium Equity Fund Class R USD | Global - Multi Asset - Medium Equity | 0,80% | n/a | 1,07% | 0,26% | 1,33% | 26-Apr-2022 | |
| Peregrine Global Low Equity Fund Class R USD | Global - Multi Asset - Low Equity | 0,75% | n/a | 1,10% | 0,60% | 1,70% | 26-Apr-2022 | |
| PROPERTY | ||||||||
| Peregrine Global Real Estate Fund R Class | Global - Real Estate | 1,25% | 1,42% | 1,44% | 0,07% | 1,51% | 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 April 2020 to 31 March 2023 unless stated otherwise. The TIC (Total Investment Charges) is the sum of these figures.
ASISA TER (Total Expense Ratio) and TCs (Transaction Cost Ratio) have been calculated using data from 1 April 2020 to 31 March 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)