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Excelsia Equity 27four Fund | South African–Equity–General
1.0774    +0.0103    (+0.965%)
NAV price (ZAR) Thu 24 Jun 2021 (change prev day)
 
Technical Details  
 

Formation Date (A1)

13 Mar 2017

Fund Size (ZAR)

205 729 784

Domicile

South Africa

Reporting Currency

ZAR

JSE Code (A1)

EEACA1

ISIN (A1)

ZAE000242301

Pricing

Daily

Number of unitholders

6

ASISA Category

SA-Equity-General

Benchmark

FTSE/JSE Capped Shareholder Weighted All Share Index

Income Distributions

31/03

Income Payment

-

Trustee

Nedbank Investor Services

Management Company

27four Collective Investments (RF) (Pty) Ltd.

Fund Management

Rajay Ambekar

Minimum Investment

R10 000

Minimum Top-Up

-

Minimum Monthly

R500

Risk Rating

High

 
Fund Objective  
 
The fund is a domestic equity fund that invests in listed equities on the JSE which the portfolio manager deems to be undervalued relative to the fund's benchmark.

Stocks are selected based on a bottom-up fundamental valuation based philosophy and are included in the fund when they appear attractive relative to our assessment of intrinsic value. Taking cognisance of business cycles and formulating a view on normalised earnings for each business forms a critical part of the assessment.

Suitable for investors with medium to long term investment horizon.
 
Management  
 
Rajay Ambekar (BCom, CA(SA), CFA)
Rajay, founder of Excelsia Capital, has more than 20 years' financial services experience and 14 years' investment experience with African Harvest Fund Managers, Cadiz, Prudential Portfolio Managers and Investec Asset Management. He was a Senior Audit Manager at KPMG prior to joining African Harvest in 2003 as an equity analyst. As an analyst he covered various sectors of the market including IT, Media, Telecoms, Diversified Industrials and Life Insurance. He was appointed a portfolio manager in 2007. His portfolio management experience has ranged from relative value (Cadiz and Prudential) to deep value (Investec). At Investec he co-managed the Value franchise together with John Biccard for five years until 2015. He left Investec in March 2015 to establish Excelsia Capital. At the time of his departure from Investec, the Value franchise had approximately R35 billion under management.
 
Fees and Costs - Class A1  
 
Initial Fee0.00%
Advisor Initial Feen/a
Annual Management Fee1.261%
Performance Fee
20% on outperformance of benchmark, over two-year rolling period, capped at 2% per annum.
Advisor Annual Feen/a
Trailer Fee-
Exit Fee-
TER (31/03)1.35%
TER Performance Fee0.00%
Transaction Costs Ratio0.31%
Total TER1.66%
 
Distribution - Class A1
DeclaredPayAmountClassCurrency
31 Mar 20211 Apr 20211.600A1ZARc
31 Mar 20201 Apr 20202.200A1ZARc
31 Mar 20191 Apr 20192.370A1ZARc
31 Mar 20183 Apr 20181.590A1ZARc
31 Mar 20173 Apr 20170.630A1ZARc
 
Statutory Data  
 
Management Company27four Collective Investments (RF) (Pty) Ltd.
Registration Number2015/291620/07
DirectorsEldria Fraser (Non-Executive), Craig Mockford (Non-Executive), Goolam Modack (Non-Executive), Goodwill Nhlanhla (Non-Executive), Keabetswe Ntuli (CEO (Executive)), Fatima Vawda (Non-Executive)
TrusteeNedbank Investor Services
AuditorsKPMG Inc
Sponsors-
Advisors-
Physical Address1st Floor, 54 on Bath Hotel 54 Bath Ave, Rosebank Johannesburg 2196
Postal Address1st Floor, 54 on Bath Hotel 54 Bath Ave, Rosebank Johannesburg 2196
Telephone+27-11-880-4710
Tollfree-
Fax+27-11-442-2465
Emailinfo@africaci.com
Websitehttp://www.africaci.com
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