The Sygnia Skeleton Balanced Absolute Fund is a South African - Multi Asset Low Equity portfolio and shall comprise of investments in multiple asset classes as set out below, which may also include international assets.
“Our funds are designed to challenge the status quo, because we want our investors to feel like the world is their oyster, that everything is possible.”
Kyle Hulett, Head of InvestmentsInvestment objective and strategy
The Sygnia Skeleton Balanced Absolute Fund is a South African - Multi Asset Low
Equity portfolio and shall comprise of investments in multiple asset classes as set out
below, which may also include international assets. The fund targets positive returns
over rolling 12-month periods and as such has an absolute return focus. The Fund will
have exposure to both domestic and foreign assets, which will include equities, fixed
income and money market assets and will comprise a number of underlying portfolios
predominantly managed on a passive, index tracking, basis. The Fund has targets a
performance benchmark of SA CPI + 2%.
What the fund invests in
Domestic Bonds | 30.7 | |
Domestic Income | 22.6 | |
Domestic Equities | 13.9 | |
International Equities | 12.9 | |
Domestic Inflation-Linked Bonds | 9.4 | |
International Fixed Interest | 3.8 | |
Domestic Money Market | 2.8 | |
Cash | 2.1 | |
International Cash | 1.8 |
Risk profile
The risk in the fund is managed by spreading investments across asset classes that
deliver uncorrelated returns over time, ensuring a diversification of sources of returns
over market cycles. Tactical asset allocation is used to take advantage of short-term
mispricing opportunities in the market in an efficient and cost-effective manner and as a
risk management tool in times of market downturns
Who should invest
The Sygnia Skeleton Balanced Absolute Fund targets a maximum return with a risk
target of no negative returns over 12 months. It is a highly suitable vehicle for longterm retirement funds seeking conservative strategies. It is also suited to individual
investors seeking to maximise their long-term returns in a risk-controlled manner. The
strategy complies with Regulation 28 of the Pension Funds Act 1956, as amended,
and is therefore suitable for investors in retirement annuity, preservation, pension and
provident funds.
Initial Fees | 0.00% |
Management Fees | 0.35% per annum (excluding VAT) |
Performance Fees | N/A |
Other Expenses | 0.17% |
VAT | 0.08% |
Total Expense Ratio (TER) | 0.60% (Mar 2024) |
Transaction Costs (TC) | 0.04% (Mar 2024) |
Total Investment Charge (TIC) | 0.64% (Mar 2024) |
Sygnia charges an annual management fee, calculated and accrued daily. This fee is payable monthly in arrears
Disclosures
Sygnia does not provide advice and therefore does not charge advice fees. If a financial planner is appointed, initial and ongoing advice fees may be payable as agreed upon between you and your financial advisor. The payments of these fees are facilitated by the Linked Investment Service Provider (LISP) and not directly by Sygnia. 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 TER’s. Transaction Costs are a necessary cost in administering the Financial Product and impacts 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.
Disclaimer
The Sygnia Group is a member of the Association for
Savings and Investment SA. Sygnia Collective Investments RF
(Pty) Ltd is a registered and approved Manager in Collective
Investment Schemes in Securities. Collective investment
schemes are generally medium to long-term investments.
Sygnia Asset Management (Pty) Limited (FSP 873), an
authorised financial services provider, is the appointed
investment manager of the Fund. The portfolio may invest in
other unit trust portfolios that levy their own fees, which may
result in a higher fee structure. The value of investments/ units/
unit trusts may go down as well as up, and past performance
is not necessarily a guide to future performance. Collective
investments are traded at ruling prices and can engage in
borrowing and scrip lending. A schedule of fees and charges
and maximum commissions is available from the Manager on
request. Performance is based on NAV-to-NAV calculations,
with income reinvestments done on the ex-div date.
Performance is calculated for the portfolio, and the individual
investor performance may differ as a result of initial fees, actual
investment date, date of reinvestment and dividend withholding
tax. The Manager does not provide any guarantee with respect
to either the capital or the return of a portfolio. Collective
investments are calculated on a net asset value basis, which
is the total market value of all assets in the portfolio, including
any income accruals and less any deductible expenses such as
audit fees, brokerage and service fees. Forward pricing is used.
All the portfolio options presented are approved collective
investment schemes in terms of the Collective Investment
Schemes Control Act, No 45 of 2002. The fund may from time
to time invest in foreign countries and may therefore have
risks regarding liquidity, the repatriation of funds, political and
macroeconomic situations, foreign exchange, tax, settlement
and the availability of information. The Manager has the right
to close any portfolios to new investors to manage them more
efficiently in accordance with their mandates. A copy of the
Minimum Disclosure Document (MDD) is available on our
website: www.sygnia.co.za.