COVER PAGE TO BE INSERTED - bcis.co.za

COVER PAGE TO BE INSERTED

Abridged Financial Report 2015

Think Efficient. Realise potential.

Report of the Trustees 3

Funds 4 - 29

Fees and Charges 30 - 34

Distributions 35 - 40

Total Expense Ratio 41 - 44

Contact Information 45

Table of Contents

2

REPORT OF THE TRUSTEE FOR THE EFFICIENT COLLECTIVE INVESTMENTS SCHEME

27 November 2015

Report of the Trustees

We, the Standard Bank of South Africa Limited, in our capacity as Trustee of the Boutique Collective Investment Scheme

(“the Scheme”) have prepared a report in terms of Section 70(1)(f) of the Collective Investment Schemes Control Act, 45 of

2002, as amended (“the Act”), for the financial year ended 31 August 2015.

In support of our report we have adopted certain processes and procedures that allow us to form a reasonable conclusion

on whether the Manager has administered the Scheme in accordance with the Act and the Scheme Deed.

As Trustees of the Scheme we are also obliged to in terms of Section 70(3) of the Act to satisfy ourselves that every

statement of comprehensive income, statement of financial position or other return prepared by the Manager of the

Scheme as required by Section 90 of the Act fairly represents the assets and liabilities, as well as the income and distribution

of income, of every portfolio of the Scheme.

The Manager is responsible for maintaining the accounting records and preparing the annual financial statements of the

Scheme in conformity with International Financial Reporting Standards. This responsibility also includes appointing an

external auditor to the Scheme to ensure that the financial statements are properly drawn up so as to fairly represent the

financial position of every portfolio of its collective investment scheme are in accordance with generally accepted accounting

practice and in the manner required by the Act.

Our enquiry into the administration of the Scheme by the Manager does not cover a review of the annual financial

statements and hence we do not provide an opinion thereon.

Based on our records, internal processes and procedures we report that nothing has come to our attention that causes us to

believe that the accompanying financial statements do not fairly represent the assets and liabilities, as well as the income

and distribution of income, of every portfolio of the Scheme

administered by the Manager.

We confirm that according to the records available to us, no losses were suffered in the portfolios and no investor was

prejudiced as a result thereof.

We conclude our report by stating that we reasonably believe that the Manager has administered the

Scheme in accordance with:

(i) the limitations imposed on the investment and borrowing powers of the manager by this Act;

(ii) and the provisions of this Act and the deed;

3

Melinda Mostert

Head: Trustee Services

Standard Bank of South Africa Limited

4D BCI Aggressive

Flexible Fund of Funds

4D BCI Cautious Fund

of Funds

4D BCI Flexible Fund 4D BCI Moderate Fund

of Funds

ADB BCI Balanced Fund

of Funds

ADB BCI Flexible

Prudential Fund of

Funds

Altre BCI Real Return

Property Fund

Income Statement R R R R R R R

Revenue 827 958 4 969 573 1 834 193 20 061 070 12 555 424 13 155 974 18075242

Operating Expenses 718 500 1 364 466 548 152 8 964 218 5 904 442 6 772 390 4837416

Change in net assets 109 458 3 605 107 1 286 041 11 096 852 6 650 982 6 383 584 13237826

Balance Sheet

Income attributable to unit holders -21 306 -46 469 364 -323 281 -131 282 2 544 -22525

Capital attributable to unit holders 56 934 944 92 841 031 49 438 566 684 020 818 410 902 238 515 361 585 625580114

Capital Employed 56 913 638 92 794 562 49 438 930 683 697 537 410 770 956 515 364 129 625557589

Non-current Assets

Total Assets 57 041 942 93 564 461 50 042 614 688 635 062 414 609 245 518 820 540 627182529

Liabilities 128 304 769 899 603 684 4 937 525 3 838 289 3 456 411 1624940

Net assets 56 913 638 92 794 562 49 438 930 683 697 537 410 770 956 515 364 129 625557589

1 Year Investment Performance % % % % % % %

Fund 6.75 7.35 13.89 7.81 4.80 3.62 22.16

Benchmark 10.22 7.07 4.04 8.12 8.12 9.17 27.50

Asset Allocation % % % % % % %

Domestic Equity 58.20 22.50 71.80 42.60 29.70 41.60 -

Offshore Equity 23.50 13.10 26.40 20.20 14.70 18.10 -

Domestic Property 1.50 4.10 - 4.60 9.30 9.20 76.60

Offshore Property - - - - 4.20 4.20 20.80

Domestic Bonds 1.60 23.20 - 10.10 - - -

Offshore Bonds - - - - 3.40 0.80 -

Domestic Cash / Liquid Assets 15.20 37.20 1.80 22.60 36.50 23.70 2.40

Offshore Cash / Liquid Assets - - - - 2.40 2.40 0.20

Notes

Performance figures sourced from Morningstar

Fund performance shown as n/a do not have

a performance history for this period

Benchmark available on Request

Funds

4

Income Statement

Revenue

Operating Expenses

Change in net assets

Balance Sheet

Income attributable to unit holders

Capital attributable to unit holders

Capital Employed

Non-current Assets

Total Assets

Liabilities

Net assets

1 Year Investment Performance

Fund

Benchmark

Asset Allocation

Domestic Equity

Offshore Equity

Domestic Property

Offshore Property

Domestic Bonds

Offshore Bonds

Domestic Cash / Liquid Assets

Offshore Cash / Liquid Assets

Notes





ABSA Access BCI Stable

Fund

ABSA Access BCI

Cautious Fund

ABSA Access BCI

Balanced Fund

ABSA Access BCI

Growth Fund

ABSA Access BCI

Aggressive Fund

Amity BCI Conserver

Fund of Funds

Amity BCI Flexible

Growth Fund of Funds

R R R R R R R

112 707 308 137 154 031 40 490 562 25 840 346 7 613 445

83 506 388 551 396 506 122 768 40 901 7 954 078 4 206 819

29 201 -80 414 -242 475 -82 278 -40 339 17 886 268 3 406 626

4 350 -80 414 -242 475 -82 278 -40 339 -3 601 -135 670

245 847 287 1 386 886 627 1 415 552 908 391 605 939 77 662 494 639 830 608 313 686 134

245 851 637 1 386 806 213 1 415 310 433 391 523 660 77 622 155 639 827 007 313 550 464

246159146 1 392 181 201 1 415 697 530 391641974 83859506 646532787 315 702 199

307509 5 374 988 387 097 118314 6237351 6705780 2 151 735

245851637 1 386 806 213 1 415 310 433 391523660 77622155 639827007 313 550 464

% % % % % % %

n/a n/a n/a n/a n/a 6.34 1.59

n/a n/a n/a n/a n/a 8.04 12.04

% % % % % % %

26.45 32.41 60.92 76.08 71.06 14.96 48.10

- - - - - 14.04 16.63

3.52 13.38 10.69 11.67 14.80 7.00 7.37

4.63 4.58 4.12 3.71 6.01 3.33 4.09

13.65 12.84 8.32 0.59 0.82 34.73 14.49

- - - - - 2.64 0.15

51.74 36.79 15.95 7.94 7.32 19.42 6.70

- - - - - 3.88 2.47

Funds

5

Income Statement

Revenue

Operating Expenses


Balance Sheet



Capital Employed

Non-current Assets

Total Assets

Liabilities

Net assets


Fund

Benchmark

Asset Allocation

Domestic Equity

Offshore Equity

Domestic Property

Offshore Property

Domestic Bonds

Offshore Bonds



Notes





Amity BCI Global

Diversified Fund of

Funds

Amity BCI Prudent

Fund of Funds

Anchor BCI Equity Fund Anchor BCI Flexible

Fund

Anchor BCI Flexible

Income Fund

Anchor BCI Managed

Fund

Anchor BCI SA Equity

Fund

R R R R R R R

28 101 30 936 564 8 853 300 11 406 995 4 682 535 2 042 249 2 835 190

38 438 12 352 320 3 757 262 2 248 540 981 081 616 548 525 558

-10 337 18 584 244 5 096 038 9 158 455 3 701 454 1 425 701 2 309 632

-10 337 -403 204 4 946 -24 921 -317 671 -103 769 3 844

49 233 253 950 885 665 795 702 263 79 969 001 341 656 366 198 389 662 223 462 674

49 222 916 950 482 462 795 707 209 79 944 080 341 338 695 198 285 893 223 466 518

49 250 018 960 634 821 867 694 754 84 344 162 345 715 821 215 848 826 230 756 996

27 102 10 152 359 71 987 545 4 400 082 4 377 126 17 562 933 7 290 478

49 222 916 950 482 462 795 707 209 79 944 080 341 338 695 198 285 893 223 466 518

% % % % % % %

n/a 4.16 33.78 n/a n/a n/a n/a

n/a 10.04 4.50 n/a n/a n/a n/a

% % % % % % %

34.62 30.06 74.90 42.06 56.13 39.71 83.65

17.77 18.54 20.20 34.57 - 14.88 -

9.42 11.09 - 10.87 17.72 3.11 7.81

20.48 0.70 - - - - -

- 19.56 - 0.03 - - -

- 1.26 - - - - -

17.71 15.29 1.50 12.35 26.15 34.68 8.54

- 3.51 3.40 0.12 - 7.62 -

Funds

6

Income Statement

Revenue

Operating Expenses


Balance Sheet



Capital Employed

Non-current Assets

Total Assets

Liabilities

Net assets


Fund

Benchmark

Asset Allocation

Domestic Equity

Offshore Equity

Domestic Property

Offshore Property

Domestic Bonds

Offshore Bonds



Notes





Anchor BCI Worldwide

Aggressive Flexible Fund

Anchor BCI Worldwide

Flexible Fund

API BCI Managed Fund

of Funds

API BCI Stable Fund of

Funds

API BCI Worldwide

Opportunities Fund of

Funds

Argon BCI Worldwide

Flexible Fund

AS BCI Forum

Aggressive Fund of

Funds

R R R R R R R

2 237 154 3 129 329 -705 200 877 117 346 564 57 610 10 226 477

1 510 112 1 631 014 89 874 124 607 156 436 44 930 6 700 893

727 042 1 498 315 -795 074 752 510 190 128 12 680 3 525 584

6 432 -28 280 -795 074 3 707 685 86 -269 700

126 047 599 201 812 352 50 913 692 102 287 225 74 244 492 5 572 101 453 115 234

126 054 031 201 784 072 50 118 618 102 290 932 74 245 177 5 572 187 452 845 534

127 265 451 202 629 927 50 167 016 103 103 832 74 486 425 6 038 968 453 411 031

1 211 420 845 855 48 398 812 900 241 248 466 781 565 497

126 054 031 201 784 072 50 118 618 102 290 932 74 245 177 5 572 187 452 845 534

% % % % % % %

24.94 23.67 n/a n/a n/a n/a 5.26

10.87 8.97 n/a n/a n/a n/a 12.04

% % % % % % %

74.15 0.33 43.40 9.90 5.50 90.90 42.50

- 54.34 15.80 14.00 45.90 - 18.01

9.68 - 8.50 9.00 6.10 - 9.90

- - 4.20 4.10 15.00 - 5.06

- - - - - - -

- - 1.50 3.20 0.90 - -

12.21 10.05 24.00 57.10 15.90 9.10 19.87

3.96 35.34 2.60 2.70 10.70 - 4.65

Funds

7

Income Statement

Revenue

Operating Expenses


Balance Sheet



Capital Employed

Non-current Assets

Total Assets

Liabilities

Net assets


Fund

Benchmark

Asset Allocation

Domestic Equity

Offshore Equity

Domestic Property

Offshore Property

Domestic Bonds

Offshore Bonds



Notes





AS BCI Forum Cautious

Fund of Funds

AS BCI Forum

Moderate Fund of

Funds

Autus BCI Balanced

Fund

Autus BCI Equity Fund Autus BCI Global Equity

Fund

Autus BCI Income Plus

Fund

Autus BCI Opportunity

Fund

R R R R R R R

4 782 535 20 478 979 7 507 432 2 477 760 1 535 682 10 154 991 9 714 135

1 777 345 9 921 961 8 062 155 1 603 835 1 788 098 1 747 355 6 286 498

3 005 190 10 557 018 -554 723 873 925 -252 416 8 407 636 3 427 637

-12 941 -68 676 -4 097 770 -853 187 -2 351 850 11 354 -6 049 561

102 702 518 657 104 014 460 785 866 129 261 706 255 818 641 156 173 484 355 686 844

102 689 577 657 035 338 456 688 096 128 408 519 253 466 791 156 184 838 349 637 283

103 490 081 661 458 253 457 362 765 128 933 749 254 189 231 158 299 910 352 541 029

800 504 4 422 915 674 669 525 230 722 440 2 115 072 2 903 746

102 689 577 657 035 338 456 688 096 128 408 519 253 466 791 156 184 838 349 637 283

% % % % % % %

6.68 4.96 15.16 19.65 n/a 4.68 21.28

8.04 10.04 3.78 1.12 n/a 6.55 2.95

% % % % % % %

11.16 29.24 32.10 60.10 1.00 39.90

12.72 14.74 20.90 19.80 77.00 - 9.00

9.74 10.02 8.70 - - 2.70 5.40

4.10 4.06 0.50 - 2.90 - -

- - 0.50 - - 17.70 -

- - - - - - -

55.04 35.76 33.80 20.10 - 78.60 45.80

7.19 6.19 3.40 - 20.10 - -

Funds

8

Income Statement

Revenue

Operating Expenses


Balance Sheet



Capital Employed

Non-current Assets

Total Assets

Liabilities

Net assets


Fund

Benchmark

Asset Allocation

Domestic Equity

Offshore Equity

Domestic Property

Offshore Property

Domestic Bonds

Offshore Bonds



Notes





Autus BCI Property

Fund

Autus BCI Stable Fund Autus BCI Worldwide

Flexible Fund

Baobab BCI Flexible

Opportunity Fund

Baroque BCI Moderato

Fund of Funds

BCI Best Blend

Balanced Fund

BCI Best Blend Cautious

Fund

R R R R R R R

6 315 095 16 754 724 4 137 756 3 663 287 6 147 859 9 622 608 9 366 567

2 278 851 8 777 350 3 236 444 2 748 460 2 903 026 1 858 940 1 589 671

4 036 244 7 977 374 901 312 914 827 3 244 833 7 763 668 7 776 896

6 175 -4 755 997 -471 004 -1 512 289 -132 667 23 508 6 817

108 751 019 438 696 724 148 011 920 406 578 356 252 240 013 416 373 991 277 475 136

108 757 194 433 940 727 147 540 916 405 066 067 252 107 346 416 397 499 277 481 953

109 247 469 437 240 317 170 105 248 412 424 405 253 190 626 421 336 653 280 495 549

490 275 3 299 590 22 564 332 7 358 338 1 083 280 4 939 154 3 013 596

108 757 194 433 940 727 147 540 916 405 066 067 252 107 346 416 397 499 277 481 953

% % % % % % %

25.31 11.97 10.00 35.94 8.08 8.41 10.12

27.50 5.04 7.85 10.85 9.17 10.22 8.12

% % % % % % %

14.30 30.20 71.50 29.30 44.60 12.30

- 16.80 20.70 22.40 14.80 14.40 15.30

81.70 8.60 5.00 5.60 10.00 8.20 11.00

- 0.40 - - 4.10 5.20 4.90

- 18.80 - - - - -

- - - - 3.30 1.10 1.00

18.30 37.90 44.10 0.50 36.30 23.80 52.80

- 3.00 - 0.10 2.30 2.50 2.70

Funds

9

Income Statement

Revenue

Operating Expenses


Balance Sheet



Capital Employed

Non-current Assets

Total Assets

Liabilities

Net assets


Fund

Benchmark

Asset Allocation

Domestic Equity

Offshore Equity

Domestic Property

Offshore Property

Domestic Bonds

Offshore Bonds



Notes





BCI Best Blend Flexible

Income Fund

BCI Best Blend Global

Equity Fund of Funds

BCI Best Blend Global

Property Fund

BCI Best Blend

Specialist Equity Fund

BCI BetaPlus Balanced

Fund

BCI Enhanced Interest

Fund

BCI Global Flexible

Fund

R R R R R R R

224 442 934 4 466 635 3 451 844 48 161 792 5 940 014 1 168 573 4 249 430

31 967 238 13 984 942 690 993 14 287 941 1 545 295 149 134 2 460 317

192 475 696 -9 518 307 2 760 851 33 873 851 4 394 719 1 019 439 1 789 113

-8 091 772 -9 781 420 86 598 199 201 299 -4 319 -529 663

3 075 107 919 1 979 832 432 370 486 639 1 242 332 816 224 025 213 119 749 072 356 790 892

3 067 016 147 1 970 051 012 370 573 237 1 242 532 018 224 025 512 119 744 753 356 261 229

3 292 691 374 1 971 206 366 454 249 620 1 265 716 734 227 452 872 120 296 681 363 298 680

225 675 227 1 155 354 83 676 383 23 184 716 3 427 360 551 928 7 037 451

3 067 016 147 1 970 051 012 370 573 237 1 242 532 018 224 025 512 119 744 753 356 261 229

% % % % % % %

7.35 6.64 n/a 6.22 n/a 7.46 n/a

7.60 19.57 n/a 4.55 n/a 5.49 n/a

% % % % % % %

20.90 16.50 2.10 64.40 38.90 - 93.00

- 67.70 - - 18.60 - -

2.80 - - 4.90 - -

- 0.90 88.10 5.50 - -

38.00 - - - - 9.60 -

14.00 1.00 0.30 - - - -

22.80 2.80 8.80 35.60 29.90 90.40 7.00

1.40 10.90 0.70 - 2.20 - -

Funds

10

Income Statement

Revenue

Operating Expenses


Balance Sheet



Capital Employed

Non-current Assets

Total Assets

Liabilities

Net assets


Fund

Benchmark

Asset Allocation

Domestic Equity

Offshore Equity

Domestic Property

Offshore Property

Domestic Bonds

Offshore Bonds



Notes





BCI Income Plus Fund BCI Institutional

WorldWide Flexible

Growth Fund

BCI Money Market

Fund

BCI Prudential Fund of

Funds

BCI SA Equity Fund BCI Select Equity Fund BCI Stable Fund of

Funds

R R R R R R R

13 078 889 366 344 14 064 162 17 160 065 9 178 659 6 084 199 24 945 083

860 588 204 437 967 390 12 017 707 2 648 022 2 464 794 6 786 358

12 218 301 161 907 13 096 772 5 142 358 6 530 637 3 619 405 18 158 725

-455 931 2 071 -21 917 -268 441 -169 975 12 489 -754 814

302 016 131 34 403 351 172 807 704 980 019 454 571 132 968 246 318 026 561 947 562

301 560 200 34 405 422 172 785 787 979 751 013 570 962 993 246 330 515 561 192 748

308 726 515 34 629 201 173 892 452 992 487 008 576 167 850 248 680 970 570 413 905

7 166 315 223 779 1 106 665 12 735 995 5 204 857 2 350 455 9 221 157

301 560 200 34 405 422 172 785 787 979 751 013 570 962 993 246 330 515 561 192 748

% % % % % % %

10.00 n/a 6.25 6.69 n/a n/a 7.63

7.60 n/a 6.00 10.22 n/a n/a 8.12

% % % % % % %

37.50 39.50 88.00 93.00 12.70

- 9.80 16.80 - - 10.40

- - - 9.10 7.00 - 6.70

- - - 6.10 - - 6.80

76.00 - - - - - -

12.40 - - 0.10 - - 2.20

11.20 46.40 100.00 25.30 5.00 7.00 56.10

0.40 6.30 3.00 - - 5.20

Funds

11

Income Statement

Revenue

Operating Expenses


Balance Sheet



Capital Employed

Non-current Assets

Total Assets

Liabilities

Net assets


Fund

Benchmark

Asset Allocation

Domestic Equity

Offshore Equity

Domestic Property

Offshore Property

Domestic Bonds

Offshore Bonds



Notes





BCI Worldwide Flexible

Fund of Funds

BlueAlpha BCI All

Seasons Fund

Bovest BCI

Conservative Fund of

Funds

Bovest BCI Managed

Fund of Funds

Bovest BCI Worldwide


Caleo BCI Worldwide

Opportunities Fund of

Funds

Capita BCI Balanced

Fund

R R R R R R R

823 604 1 754 285 1 081 089 1 954 425 -19 909 6 152 179 6 520 138

1 646 231 1 481 029 485 017 1 222 379 280 100 3 850 037 2 289 736

-822 627 273 256 596 072 732 046 -300 009 2 302 142 4 230 402

-822 627 -1 541 146 4 807 -893 928 -582 004 -24 703 -5 112

152 768 732 336 303 863 68 890 444 148 019 120 58 082 572 397 572 618 267 996 566

151 946 105 334 762 717 68 895 251 147 125 192 57 500 568 397 547 915 267 991 454

154 535 703 336 844 898 69 254 792 148 745 277 57 573 453 412 386 833 271 124 927

2 589 598 2 082 181 359 541 1 620 085 72 885 14 838 918 3 133 473

151 946 105 334 762 717 68 895 251 147 125 192 57 500 568 397 547 915 267 991 454

% % % % % % %

13.87 11.69 n/a n/a n/a 7.58 9.03

10.22 10.10 n/a n/a n/a 11.27 6.27

% % % % % % %

24.00 85.00 14.90 44.50 0.60 44.40 33.30

44.30 - 10.80 18.00 49.60 17.00 16.60

9.40 - 9.50 7.10 5.30 9.30 5.10

7.40 - 4.20 5.20 20.60 4.20 0.20

- - - - - - -

0.90 - 6.70 1.70 1.20 0.80 1.10

5.90 15.00 51.60 22.10 11.90 21.80 39.20

8.20 - 2.40 1.50 10.80 2.50 4.50

Funds

12

Income Statement

Revenue

Operating Expenses


Balance Sheet



Capital Employed

Non-current Assets

Total Assets

Liabilities

Net assets


Fund

Benchmark

Asset Allocation

Domestic Equity

Offshore Equity

Domestic Property

Offshore Property

Domestic Bonds

Offshore Bonds



Notes





Capita BCI Cautious

Fund

Capita BCI Real Income

Fund

Capital Incubator BCI

Worldwide Flexible

Fund

Capital Incubator BCI

Worldwide Flexible

Fund of Funds

Capstone BCI Balanced

Fund

Capstone BCI Equity

Fund

Capstone BCI Managed

Fund

R R R R R R R

9 598 100 5 725 897 11 562 904 716 773 217 855 2 299 434 147 393

2 897 715 1 185 093 2 664 470 1 369 935 132 178 1 249 926 119 842

6 700 385 4 540 804 8 898 434 -653 162 85 677 1 049 508 27 551

-68 582 -20 637 -23 587 -653 162 -48 650 1 215 -69 544

337 484 205 70 022 783 703 472 065 537 742 371 100 431 080 42 350 258 79 033 261

337 415 623 70 002 146 703 448 478 537 089 209 100 382 430 42 351 473 78 963 717

340 401 512 71 295 846 706 885 227 537 239 947 103 590 869 43 083 398 81 476 455

2 985 889 1 293 700 3 436 749 150 738 3 208 439 731 925 2 512 738

337 415 623 70 002 146 703 448 478 537 089 209 100 382 430 42 351 473 78 963 717

% % % % % % %

7.99 7.94 9.27 5.00 n/a -5.97 n/a

7.17 6.35 10.22 11.27 n/a 4.55 n/a

% % % % % % %

19.60 2.10 52.30 - 31.40 83.30 41.20

16.20 0.20 30.30 - 14.30 - 18.20

2.80 1.30 - - 9.70 14.70 9.60

0.70 0.30 - - 3.20 - 4.20

- - - - - - -

1.50 11.10 - - 3.40 - 1.90

55.70 84.70 0.60 0.30 34.50 2.10 22.40

3.50 0.30 16.80 99.70 3.60 2.50

Funds

13

Income Statement

Revenue

Operating Expenses


Balance Sheet



Capital Employed

Non-current Assets

Total Assets

Liabilities

Net assets


Fund

Benchmark

Asset Allocation

Domestic Equity

Offshore Equity

Domestic Property

Offshore Property

Domestic Bonds

Offshore Bonds



Notes





Cartesian Money

Market Fund

Celtis BCI Conservative

Fund of Funds

Celtis BCI Flexible Fund

of Funds

Celtis BCI Managed

Fund of Funds

Centaur BCI Balanced

Fund

Centaur BCI Flexible

Fund

Colourfield BCI Equity

Fund 1

R R R R R R R

2 630 778 17 660 863 5 538 090 1 133 992 16 717 663 27 063 023 26 294

246 446 8 484 276 4 038 140 698 475 5 850 620 10 389 524 3 079

2 384 332 9 176 587 1 499 950 435 517 10 867 043 16 673 499 23 215

- -213 307 -772 218 -24 649 14 659 12 541 3 755

109 228 336 466 783 141 215 115 382 100 798 181 1 103 325 784 1 269 839 048 197 716 085

109 228 336 466 569 834 214 343 163 100 773 532 1 103 340 443 1 269 851 589 197 719 840

109 842 534 469 679 587 214 670 268 100 908 950 1 111 451 932 1 293 368 747 197 742 379

614 198 3 109 753 327 105 135 418 8 111 489 23 517 158 22 539

109 228 336 466 569 834 214 343 163 100 773 532 1 103 340 443 1 269 851 589 197 719 840

% % % % % % %

n/a 7.59 7.21 n/a 11.04 10.20 n/a

n/a 8.12 11.27 n/a 7.59 2.07 n/a

% % % % % % %

- 16.10 42.40 43.40 46.60 50.90 97.62

- 10.10 16.80 16.80 12.70 20.10 -

- 9.60 9.20 9.00 5.20 2.70 1.97

- 4.00 4.40 3.90 0.40 0.30 -

- - - - 12.30 9.50 -

- 6.70 1.30 1.30 0.50 0.30 -

100.00 51.10 23.20 22.90 21.90 16.30 0.41

- 2.40 2.70 2.70 0.40 0.10 -

Funds

14

Income Statement

Revenue

Operating Expenses


Balance Sheet



Capital Employed

Non-current Assets

Total Assets

Liabilities

Net assets


Fund

Benchmark

Asset Allocation

Domestic Equity

Offshore Equity

Domestic Property

Offshore Property

Domestic Bonds

Offshore Bonds



Notes





Colourfield BCI Fixed

Income Fund 1

Colourfield BCI Fixed

Income Fund 2

Colourfield BCI Money

Market Fund

Consilium BCI Flexible

Fund

Consilium BCI

Worldwide Flexible

Fund

Cratos BCI Equity Fund CS BCI Aggressive

Prudential Fund of

Funds

R R R R R R R

963 746 743 542 18 848 065 5 318 101 3 866 177 -19 308 1 116 686

337 087 252 922 419 405 4 698 007 4 272 097 8 474 2 043 376

626 659 490 620 18 428 660 620 094 -405 920 -27 782 -926 690

5 271 623 -1 -12 534 -406 347 -27 782 -926 690

58 515 540 39 667 490 270 500 246 50 309 488 228 147 337 11 930 124 100 447 485

58 520 811 39 668 113 270 500 245 50 296 954 227 740 990 11 902 342 99 520 795

59 039 469 40 016 710 272 112 475 51 197 197 228 059 325 13 348 811 99 708 633

518 658 348 597 1 612 230 900 243 318 335 1 446 469 187 838

58 520 811 39 668 113 270 500 245 50 296 954 227 740 990 11 902 342 99 520 795

% % % % % % %

5.08 4.43 6.52 15.77 11.87 n/a 10.06

4.47 5.00 6.00 10.22 16.12 n/a 10.22

% % % % % % %

- - - 46.80 2.60 83.20 46.70

- - - 13.90 67.30 - 27.00

- - - 12.20 0.40 - 4.00

- - - 0.10 - - -

97.90 92.10 - 2.80 0.10 - 7.50

- - - 0.20 - - -

2.10 7.90 100.00 19.80 10.60 16.80 14.90

- - - 4.10 19.00 - -

Funds

15

Income Statement

Revenue

Operating Expenses


Balance Sheet



Capital Employed

Non-current Assets

Total Assets

Liabilities

Net assets


Fund

Benchmark

Asset Allocation

Domestic Equity

Offshore Equity

Domestic Property

Offshore Property

Domestic Bonds

Offshore Bonds



Notes





CS BCI Flexible Fund of

Funds

CS BCI Prudential Fund

of Funds

Dinamika BCI

Conservative Fund of

Funds

Dinamika BCI

Worldwide Flexible

Fund

Dolberg Spencer BCI

Equity Fund

Dolberg Spencer BCI

Flexible Fund

Dolberg Spencer BCI

Flexible Income Fund

R R R R R R R

1 891 123 6 635 334 15 900 636 131 155 875 453 5 480 651 552 867

3 295 673 6 356 667 6 654 675 254 489 428 696 2 744 991

-1 404 550 278 667 9 245 961 -123 334 446 757 2 735 660 552 867

-1 404 550 -304 607 -269 295 -123 334 3 092 -15 414 31 511

170 609 975 291 774 992 433 026 374 94 960 812 50 848 202 162 995 584 607 218 342

169 205 425 291 470 385 432 757 079 94 837 478 50 851 294 162 980 170 607 249 853

169 497 057 294 645 726 435 468 606 95 180 707 51 921 663 163 309 163 607 771 209

291 632 3 175 341 2 711 527 343 229 1 070 369 328 993 521 356

169 205 425 291 470 385 432 757 079 94 837 478 50 851 294 162 980 170 607 249 853

% % % % % % %

10.46 9.74 6.38 n/a n/a 3.65 n/a

11.27 9.17 7.91 n/a n/a 10.87 n/a

% % % % % % %

48.40 40.00 15.90 35.20 83.30 81.00 -

26.60 24.80 - - - - -

3.90 3.80 8.00 16.50 - 4.00 -

- - - - - - -

6.40 6.70 - - - - 92.73

- - - - - - -

14.70 24.70 55.40 11.00 16.70 15.00 7.27

- - 20.60 37.20 - - -

Funds

16

Income Statement

Revenue

Operating Expenses


Balance Sheet



Capital Employed

Non-current Assets

Total Assets

Liabilities

Net assets


Fund

Benchmark

Asset Allocation

Domestic Equity

Offshore Equity

Domestic Property

Offshore Property

Domestic Bonds

Offshore Bonds



Notes





Dolberg Spencer BCI

Property Fund

Dotport BCI Flexible

Fund of Funds

Dotport BCI Prudential

Fund of Funds

Dotport BCI Cautious

Fund of Funds

Efficient BCI Balanced

Fund

Efficient BCI Cautious

Fund

Efficient BCI Equity

Fund

R R R R R R R

2 511 097 7 506 614 9 245 602 4 259 503 11 342 885 1 774 183 12 095 162

841 374 4 050 821 3 920 521 1 194 366 3 032 039 487 721 4 716 692

1 669 723 3 455 793 5 325 081 3 065 137 8 310 846 1 286 462 7 378 470

1 449 -628 973 -419 459 -102 392 -457 727 -930 -1 733 156

52 409 113 304 991 820 311 198 955 80 786 068 293 517 397 46 392 702 326 153 996

52 410 562 304 362 847 310 779 496 80 683 676 293 059 670 46 391 772 324 420 840

52 635 811 305 135 500 312 338 562 81 405 106 299 126 924 46 979 765 331 405 752

225 249 772 653 1 559 066 721 430 6 067 254 587 993 6 984 912

52 410 562 304 362 847 310 779 496 80 683 676 293 059 670 46 391 772 324 420 840

% % % % % % %

24.30 4.88 4.33 4.24 4.77 5.48 1.94

27.50 8.64 7.07 4.97 2.37 8.12 1.12

% % % % % % %

- 62.40 51.50 29.40 47.00 11.60 83.80

- 20.60 16.60 9.40 20.20 19.50 9.40

74.00 3.00 4.90 8.40 4.90 5.20 6.20

22.00 0.50 0.50 0.40 - - -

- 3.40 10.40 25.40 24.00 54.30 -

- 0.60 - - - - -

4.00 6.40 12.90 25.10 3.90 9.40 0.60

- 3.00 3.10 1.90 - - -

Funds

17

Income Statement

Revenue

Operating Expenses


Balance Sheet



Capital Employed

Non-current Assets

Total Assets

Liabilities

Net assets


Fund

Benchmark

Asset Allocation

Domestic Equity

Offshore Equity

Domestic Property

Offshore Property

Domestic Bonds

Offshore Bonds



Notes





Efficient BCI Equity

Fund of Funds

Efficient BCI Fixed

Income Fund

Efficient BCI Flexible

Fund of Funds

Efficient BCI Property

Fund

Efficient BCI Prudential

High Fund of Funds

Efficient BCI Prudential

Medium Fund of Funds

Efficient BCI Worldwide

Flexible Fund

R R R R R R R

645 792 15 580 218 3 006 616 2 890 610 2 211 032 10 933 167 4 466 080

570 617 1 767 791 2 435 267 613 919 1 591 036 6 289 885 2 915 687

75 175 13 812 427 571 349 2 276 691 619 996 4 643 282 1 550 393

-774 916 -32 813 -581 748 -76 137 -658 163 -910 803 -6 531 838

19 353 344 217 408 455 127 658 833 29 984 668 70 165 533 315 855 901 266 944 379

18 578 428 217 375 642 127 077 085 29 908 531 69 507 370 314 945 098 260 412 541

18 639 997 227 189 534 127 396 955 30 153 885 69 814 707 317 404 627 332 780 454

61 569 9 813 892 319 870 245 354 307 337 2 459 529 72 367 913

18 578 428 217 375 642 127 077 085 29 908 531 69 507 370 314 945 098 260 412 541

% % % % % % %

4.58 8.98 4.42 24.13 5.39 6.54 13.24

1.32 6.35 6.89 27.50 6.27 6.53 9.17

% % % % % % %

56.40 - 51.00 - 42.90 26.80 6.50

20.00 - 20.00 - 21.00 21.00 81.20

12.20 3.90 9.50 99.80 6.00 4.70 1.80

0.10 - 0.10 - 0.10 - -

- 70.00 - - - - -

1.60 10.30 2.90 - 6.00 7.50 8.40

9.70 15.70 16.60 0.20 24.00 40.00 -

- 0.10 - - - 2.10

Funds

18

Income Statement

Revenue

Operating Expenses


Balance Sheet



Capital Employed

Non-current Assets

Total Assets

Liabilities

Net assets


Fund

Benchmark

Asset Allocation

Domestic Equity

Offshore Equity

Domestic Property

Offshore Property

Domestic Bonds

Offshore Bonds



Notes





Efficient BCI African


Evolve BCI Managed

Fund

Evolve BCI

Conservative Fund

Foster BCI Moderate

Fund of Funds

GFA BCI Managed Fund

of Funds

GFA BCI Stable Fund of

Funds

Harvard House BCI

Equity Fund

R R R R R R R

4 221 085 236 880 1 319 430 8 232 424 2 868 685 9 031 945 4 643 529

914 336 109 208 309 252 3 409 746 1 649 515 2 873 968 1 773 342

3 306 749 127 672 1 010 178 4 822 678 1 219 170 6 157 977 2 870 187

-957 936 1 533 5 307 -104 752 -236 796 -132 054 3 521

54 892 660 50 800 134 71 317 640 241 326 560 114 999 522 206 562 000 123 017 760

53 934 724 50 801 667 71 322 947 241 221 808 114 762 726 206 429 946 123 021 281

78 203 174 51 111 372 71 963 253 243 426 119 115 017 923 207 905 279 128 472 215

24 268 450 309 705 640 306 2 204 311 255 197 1 475 333 5 450 934

53 934 724 50 801 667 71 322 947 241 221 808 114 762 726 206 429 946 123 021 281

% % % % % % %

13.12 n/a n/a 6.16 6.14 7.25 7.36

8.47 n/a n/a 10.60 10.22 8.12 1.12

% % % % % % %

- 37.40 6.80 41.40 41.70 12.30 85.60

- 18.30 10.70 15.90 15.10 10.70 -

- 9.50 9.40 3.80 9.20 9.10 4.60

- 5.00 2.70 10.10 5.10 4.60 -

5.55 - - - - - -

69.23 1.40 3.60 1.40 0.70 5.40 -

25.22 26.00 64.70 26.70 24.50 54.20 9.80

- 2.40 2.20 0.70 3.80 3.70 -

Funds

19

Income Statement

Revenue

Operating Expenses


Balance Sheet



Capital Employed

Non-current Assets

Total Assets

Liabilities

Net assets


Fund

Benchmark

Asset Allocation

Domestic Equity

Offshore Equity

Domestic Property

Offshore Property

Domestic Bonds

Offshore Bonds



Notes





Harvard House BCI


Kanaan BCI Balanced

Fund of Funds

Kanaan BCI Flexible

Fund of Funds

Maitland Flexible Fund

of Funds

Montrose BCI Cautious

FoF’s

Montrose BCI Flexible

FoF’s

Montrose BCI

Moderate FoF’s

R R R R R R R

9 339 413 1 499 302 426 434 8 564 608 2 628 640 -164 868 2 295 203

1 592 493 1 053 022 720 652 2 784 541 1 565 135 606 449 1 673 138

7 746 920 446 280 -294 218 5 780 067 1 063 505 -771 317 622 065

4 304 -263 267 -731 527 -62 128 -60 458 -1 521 760 -875 620

158 692 922 75 187 738 55 207 192 190 423 324 94 571 288 56 133 362 133 727 907

158 697 226 74 924 471 54 475 665 190 361 196 94 510 830 54 611 602 132 852 287

162 243 051 75 095 940 54 616 721 193 205 376 98 477 285 54 740 995 133 039 502

3 545 825 171 469 141 056 2 844 180 3 966 455 129 393 187 215

158 697 226 74 924 471 54 475 665 190 361 196 94 510 830 54 611 602 132 852 287

% % % % % % %

9.50 10.65 9.31 5.64 6.25 10.09 6.85

6.40 8.12 8.12 8.99 8.12 7.91 10.22

% % % % % % %

7.90 70.53 67.92 50.00 13.60 21.40 31.20

25.00 25.00 - 17.60 62.40 19.40

18.70 1.27 1.96 5.00 0.90 1.80 6.20

- - - - 2.80 5.30 3.30

56.10 3.19 5.10 - - - -

- - - - 1.50 1.10 1.00

17.30 0.01 0.02 45.00 60.60 9.30 37.10

- - - - 3.00 1.70 1.80

Funds

20

Income Statement

Revenue

Operating Expenses


Balance Sheet



Capital Employed

Non-current Assets

Total Assets

Liabilities

Net assets


Fund

Benchmark

Asset Allocation

Domestic Equity

Offshore Equity

Domestic Property

Offshore Property

Domestic Bonds

Offshore Bonds



Notes





Naviga BCI Balanced


Naviga BCI Equity Fund

of Funds

Naviga BCI Income

Planner Fund of Funds

Naviga BCI SA Equity

Fund

Naviga BCI Secure


NeFG BCI Equity Fund NeFG BCI Flexible Fund

R R R R R R R

24 738 918 2 283 924 50 721 936 41 318 698 58 584 277 1 872 420 13 314 348

16 652 318 3 017 247 7 331 194 24 758 585 19 136 495 948 293 6 442 631

8 086 600 -733 323 43 390 742 16 560 113 39 447 782 924 127 6 871 717

-3 194 450 -1 964 786 -1 941 112 16 697 -3 743 121 -7 997 -51 980

788 712 263 200 676 123 550 582 547 1 186 578 796 1 236 055 052 44 835 184 354 125 982

785 517 813 198 711 337 548 641 435 1 186 595 493 1 232 311 931 44 827 187 354 074 002

789 406 584 199 604 548 558 345 840 1 206 850 307 1 250 989 873 45 635 066 358 037 524

3 888 771 893 211 9 704 405 19 995 261 18 677 942 807 879 3 963 522

785 517 813 198 711 337 548 641 435 1 186 855 046 1 232 311 931 44 827 187 354 074 002

% % % % % % %

4.20 2.40 7.17 1.33 6.34 -4.16 0.91

8.97 8.44 6.35 4.55 7.97 4.55 11.27

% % % % % % %

40.18 63.98 - 90.69 13.91 87.60 61.50

15.45 1.24 - - 13.27 11.20 20.20

5.98 1.65 2.88 - 7.13 - 3.80

1.49 - 0.26 - 0.84 - 0.30

17.56 - 47.13 - 37.14 - 5.60

3.07 - 9.94 - 7.35 - 0.70

14.72 9.55 38.60 6.06 19.05 1.10 7.60

1.56 1.24 1.18 3.25 1.31 0.10 0.30

Funds

21

Income Statement

Revenue

Operating Expenses


Balance Sheet



Capital Employed

Non-current Assets

Total Assets

Liabilities

Net assets


Fund

Benchmark

Asset Allocation

Domestic Equity

Offshore Equity

Domestic Property

Offshore Property

Domestic Bonds

Offshore Bonds



Notes





NeFG BCI Income

Provider Fund

Olympiad BCI Managed

Fund of Funds

Olympiad BCI

Worldwide Flex Fund of

Funds

Optimum BCI Balanced

Fund

Optimum BCI Managed

Growth Fund

Optimum BCI Stable

Fund

Ora BCI Worldwide

Flexible Fund

R R R R R R R

6 481 555 1 181 617 1 629 369 6 569 767 3 666 153 4 662 402 3 106 949

3 707 337 543 377 958 093 2 166 971 1 749 103 1 231 191 363 277

2 774 218 638 240 671 276 4 402 796 1 917 050 3 431 211 2 743 672

-224 812 -40 035 -37 846 -27 1 225 -3 065 8 852

191 730 312 28 869 768 72 433 401 256 366 951 204 838 846 125 474 469 106 027 821

191 505 500 28 829 733 72 395 555 256 366 923 204 840 070 125 471 404 106 036 673

192 646 686 29 127 632 72 565 819 260 304 253 206 708 950 126 651 042 108 406 322

1 141 186 297 899 170 264 3 937 330 1 868 880 1 179 638 2 369 649

191 505 500 28 829 733 72 395 555 256 366 923 204 840 070 125 471 404 106 036 673

% % % % % % %

6.34 8.03 8.09 8.05 7.63 8.33 n/a

8.12 8.12 8.12 9.04 11.04 7.04 n/a

% % % % % % %

13.80 24.10 28.40 34.22 46.06 14.40 83.90

30.20 29.50 40.00 14.84 15.56 13.43 -

0.70 19.80 28.70 13.82 13.52 13.39 -

0.20 - - 2.95 3.26 2.95 -

39.30 - - - - - -

0.30 - - 2.25 1.26 4.84 -

14.20 26.50 2.90 29.76 18.29 49.88 16.00

1.40 - - 2.17 2.06 1.11 -

Funds

22

Income Statement

Revenue

Operating Expenses


Balance Sheet



Capital Employed

Non-current Assets

Total Assets

Liabilities

Net assets


Fund

Benchmark

Asset Allocation

Domestic Equity

Offshore Equity

Domestic Property

Offshore Property

Domestic Bonds

Offshore Bonds



Notes





Plexus Wealth BCI

Balanced Fund

Plexus Wealth BCI

Conservative Fund

Plexus Wealth BCI

Property Fund

PortfolioMetrix BCI

Bond Fund of Funds

PortfolioMetrix BCI

Equity Fund of Funds

PortfolioMetrix BCI

Global Equity Fund of

Funds

PortfolioMetrix BCI

Income Fund of Funds

R R R R R R

8 024 293 12 838 598 16 123 940 95 040 20 954 401 562 297 -2 401

2 566 176 3 645 542 2 945 910 123 396 1 543 783 752 130 84 317

5 458 117 9 193 056 13 178 030 -28 356 19 410 618 -189 833 -86 718

-83 879 -127 857 -10 981 -28 356 46 066 -189 833 -86 718

187 790 106 233 265 986 244 503 144 793 627 830 1 564 025 907 811 761 101 507 885 502

187 706 227 233 138 129 244 492 163 793 599 474 1 564 071 973 811 571 268 507 798 784

192 667 811 235 965 424 247 724 792 794 478 101 1 579 677 467 822 683 177 509 067 847

4 961 584 2 827 295 3 232 629 878 627 15 605 494 11 111 909 1 269 063

187 706 227 233 138 129 244 492 163 793 599 474 1 564 071 973 811 571 268 507 798 784

% % % % % %

15.67 14.78 34.72 n/a 9.83 n/a n/a

10.22 8.12 27.50 n/a 4.55 n/a n/a

% % % % % %

47.70 20.70 0.50 - 88.91 - -

17.70 18.70 - - - 98.36 -

24.40 24.40 94.60 - - - -

- - - - - - -

7.30 30.30 - 100.11 - - 99.90

- - - - - - -

2.70 5.60 4.90 -0.11 11.09 - 0.10

0.20 0.30 - - - 1.64 -

Funds

23

Income Statement

Revenue

Operating Expenses


Balance Sheet



Capital Employed

Non-current Assets

Total Assets

Liabilities

Net assets


Fund

Benchmark

Asset Allocation

Domestic Equity

Offshore Equity

Domestic Property

Offshore Property

Domestic Bonds

Offshore Bonds



Notes





PortfolioMetrix BCI SA

Property Fund

Quantum BCI Balanced

Fund of Funds

Quantum BCI Capital

Plus Fund of Funds

Quantum BCI Core

Income Fund

Quantum BCI

Worldwide Flexible

Fund of Funds

RCI BCI Flexible Fund Rebalance BCI Inflation

Plus 3 Fund

R R R R R R R

1 694 647 6 971 643 12 970 899 11 408 454 1 131 247 10 993 052 8 978 137

293 070 4 241 691 5 159 064 2 152 078 1 176 244 5 687 720 3 134 030

1 401 577 2 729 952 7 811 835 9 256 376 -44 997 5 305 332 5 844 107

-3 184 -236 088 -281 966 -94 362 -73 465 -17 283 17 893

306 370 581 279 636 451 328 617 164 167 741 770 85 476 203 318 879 651 317 601 657

306 367 397 279 400 363 328 335 198 167 647 408 85 402 736 318 862 368 317 619 550

311 972 851 280 467 486 330 828 608 169 666 128 89 033 372 367 709 846 324 045 547

5 605 454 1 067 123 2 493 410 2 018 720 3 630 634 48 847 478 6 425 997

306 367 397 279 400 363 328 335 198 167 647 408 85 402 738 318 862 368 317 619 550

% % % % % % %

n/a 6.82 7.58 7.12 12.86 12.48 n/a

n/a 10.22 8.12 7.07 11.27 9.17 n/a

% % % % % % %

- 37.90 11.80 0.80 6.60 54.50 30.24

- 16.10 12.90 - 45.70 19.90 -

94.66 9.20 9.70 4.50 5.50 5.40 17.08

- 5.90 4.10 - 18.20 - -

- - - - - - -

- 1.30 3.70 5.60 0.70 - -

5.34 26.70 54.50 86.40 18.80 12.40 9.88

- 3.00 3.30 2.70 4.40 7.80 41.90

Funds

24

Income Statement

Revenue

Operating Expenses


Balance Sheet



Capital Employed

Non-current Assets

Total Assets

Liabilities

Net assets


Fund

Benchmark

Asset Allocation

Domestic Equity

Offshore Equity

Domestic Property

Offshore Property

Domestic Bonds

Offshore Bonds



Notes





Rebalance BCI Inflation

Plus 5 Fund

Rebalance BCI Inflation

Plus 7 Fund

Reitway BCI Global

Property Fund

Renaissance BCI

Cautious Fund

Renaissance BCI Global

Best Ideas Feeder Fund

Renaissance BCI

Managed Fund

Rudiarius BCI Africa

Equity Fund

R R R R R R R

6 120 276 1 277 287 43 721 461 14 394 309 79 203 8 798 949 45 511 819

2 961 189 1 199 810 14 614 098 6 193 467 168 370 4 506 602 18 565 502

3 159 087 77 477 29 107 363 8 200 842 -89 167 4 292 347 26 946 317

-9 809 -29 639 -155 428 32 894 -89 167 8 241 316 064

299 661 340 106 226 240 998 600 855 362 125 170 166 227 812 276 024 644 1 536 444 407

299 651 531 106 196 601 998 445 427 362 158 064 166 138 645 276 032 885 1 536 760 471

303 194 574 106 466 247 1 035 037 889 364 776 931 166 183 933 279 332 864 1 563 612 539

3 543 043 269 646 36 592 462 2 618 867 45 288 3 299 979 26 852 068

299 651 531 106 196 601 998 445 427 362 158 064 166 138 645 276 032 885 1 536 760 471

% % % % % % %

n/a n/a 21.33 9.26 n/a 9.54 -9.68

n/a n/a 20.99 7.07 n/a 9.17 -10.69

% % % % % % %

63.38 66.01 - 20.90 - 35.10 -

- - - 15.10 93.70 13.80 80.20

15.15 16.97 - 11.30 - 6.60 -

- 100.00 1.30 - 1.20 2.31

- - - - - - -

- - - 1.20 - 1.10 -

6.29 9.22 - 40.80 6.30 33.40 8.67

15.13 8.10 - 9.20 - 8.70 8.82

Funds

25

Income Statement

Revenue

Operating Expenses


Balance Sheet



Capital Employed

Non-current Assets

Total Assets

Liabilities

Net assets


Fund

Benchmark

Asset Allocation

Domestic Equity

Offshore Equity

Domestic Property

Offshore Property

Domestic Bonds

Offshore Bonds



Notes





SA Asset Management

BCI Cautious Fund

SA Asset Management

BCI Managed Fund

SA Asset Management

BCI Moderate Fund

S-BRO BCI Balanced

Fund of Funds

S-BRO BCI Defensive

Fund of Funds

Simplisiti BCI Flexible

Fund of Funds

Simplisiti BCI Income

Plus Fund of Funds

R R R R R R R

3 922 936 5 073 552 7 315 592 22 950 499 27 925 717 1 649 647 5 520 752

1 221 644 2 036 166 2 418 560 10 052 777 10 922 271 2 056 120 1 117 881

2 701 292 3 037 386 4 897 032 12 897 722 17 003 446 -406 473 4 402 871

541 587 -16 053 894 378 -1 023 806 -202 074 -2 619 844 -209

82 930 658 189 168 646 222 252 488 878 613 256 795 021 906 172 074 425 78 074 453

83 472 245 189 152 593 223 146 866 877 589 450 794 819 832 169 454 581 78 074 244

83 935 402 191 340 617 225 961 963 884 233 060 800 860 621 191 743 542 79 014 018

463 157 2 188 024 2 815 097 6 643 610 6 040 789 22 288 961 939 774

83 472 245 189 152 593 223 146 866 877 589 450 794 819 832 169 454 581 78 074 244

% % % % % % %

7.85 10.20 9.87 6.78 7.00 9.76 7.56

7.07 11.27 9.17 11.27 8.12 11.27 7.07

% % % % % % %

17.80 40.90 33.10 30.00 12.00 9.20 1.60

9.90 15.10 11.40 14.80 11.20 46.10 0.40

3.70 4.40 3.90 9.00 9.40 14.50 1.90

6.00 5.70 6.40 4.10 3.60 10.20 0.60

- - - - - - -

0.70 0.40 0.60 3.60 7.20 0.70 14.00

59.90 32.20 42.80 35.90 54.00 10.80 80.80

1.90 1.30 1.70 2.60 2.60 8.40 0.80

Funds

26

Income Statement

Revenue

Operating Expenses


Balance Sheet



Capital Employed

Non-current Assets

Total Assets

Liabilities

Net assets


Fund

Benchmark

Asset Allocation

Domestic Equity

Offshore Equity

Domestic Property

Offshore Property

Domestic Bonds

Offshore Bonds



Notes





Simplisiti BCI Managed

Protector Fund of Funds

Skyblue BCI Cumulus

Moderate Fund of

Funds

Skyblue BCI Kimberlite

Cautious Fund of Funds

Skyblue BCI Solar


Southern Charter BCI

Balanced Fund of Funds


Defensive Fund of

Funds



R R R R R R R

8 945 220 25 317 478 6 742 194 445 896 13 700 873 8 591 599 18 693 133

4 822 332 8 438 011 2 197 324 351 207 5 011 502 2 598 269 8 643 802

4 122 888 16 879 467 4 544 870 94 689 8 689 371 5 993 330 10 049 331

-238 215 -1 904 666 -396 494 -5 979 -280 581 -224 126 -139 005

374 517 909 665 949 218 135 534 505 47 399 600 427 249 691 146 102 795 690 557 098

374 279 694 664 044 552 135 138 011 47 393 621 426 969 110 145 878 669 690 418 093

374 850 880 672 078 764 136 104 531 47 483 182 431 799 608 146 871 138 695 386 107

571 186 8 034 212 966 520 89 561 4 830 498 992 469 4 968 014

374 279 694 664 044 552 135 138 011 47 393 621 426 969 110 145 878 669 690 418 093

% % % % % % %

5.80 8.08 3.88 14.78 8.62 9.39 7.71

9.17 9.54 7.41 11.66 9.10 8.10 8.90

% % % % % % %

41.80 27.80 18.40 - 33.60 17.30 44.10

18.10 23.30 - 29.10 21.90 20.80 24.10

8.50 10.30 7.00 - 7.40 7.90 4.50

4.10 - - - 5.80 6.10 6.20

- - - - 16.20 26.10 9.60

1.40 - - - - - -

23.40 13.40 52.20 2.10 15.10 32.40 8.50

2.60 25.20 22.50 68.80 - - -

Funds

27

Income Statement

Revenue

Operating Expenses


Balance Sheet



Capital Employed

Non-current Assets

Total Assets

Liabilities

Net assets


Fund

Benchmark

Asset Allocation

Domestic Equity

Offshore Equity

Domestic Property

Offshore Property

Domestic Bonds

Offshore Bonds



Notes






WW Flexible Fund of

Funds

Stonewood BCI

Worldwide Flexible

Fund

Stringfellow BCI


Stringfellow BCI Stable

Fund of Funds

Tantalum BCI Cautious

Fund

Tantalum BCI Strategic

Income Fund

UAM BCI Balanced

Fund

R R R R R R R

984 932 25 452 998 1 840 119 4 948 777 6 170 220 6 146 722 577 839

757 807 12 720 817 1 556 549 2 069 421 906 663 396 067 329 009

227 125 12 732 181 283 570 2 879 356 5 263 557 5 750 655 248 830

13 332 60 557 -1 684 212 -10 226 11 085 4 237 2 337

64 563 644 888 368 613 120 697 234 126 397 120 130 160 750 160 299 927 67 672 914

64 576 976 888 429 170 119 013 022 126 386 894 130 171 835 160 304 164 67 675 251

64 842 219 898 201 378 119 195 247 127 426 762 132 267 279 163 728 802 67 973 904

265 243 9 772 208 182 225 1 039 868 2 095 444 3 424 638 298 653

64 576 976 888 429 170 119 013 022 126 386 894 130 171 835 160 304 164 67 675 251

% % % % % % %

10.97 4.27 7.28 7.22 n/a n/a -7.01

10.20 12.73 12.32 8.12 n/a n/a 4.92

% % % % % % %

22.80 77.50 56.30 23.20 30.60 - 45.10

41.20 10.40 16.70 10.60 - - 3.90

6.60 1.90 11.90 18.60 9.60 10.20 1.40

7.50 - 3.40 4.60 - - 0.20

3.50 - - - 23.80 33.80 5.60

- - 0.30 4.90 - - 0.70

15.40 10.10 7.90 34.20 36.00 52.60 42.90

3.00 - 3.40 4.10 - - 0.20

Funds

28

Income Statement

Revenue

Operating Expenses


Balance Sheet



Capital Employed

Non-current Assets

Total Assets

Liabilities

Net assets


Fund

Benchmark

Asset Allocation

Domestic Equity

Offshore Equity

Domestic Property

Offshore Property

Domestic Bonds

Offshore Bonds



Notes





Visio BCI Actinio Fund Visio BCI General

Equity Fund

R R

32 932 087 31 353 645

17 133 744 7 131 798

15 798 343 24 221 847

-9 783 625 63 267

1 250 146 548 1 481 187 678

1 240 362 923 1 481 250 944

1 248 193 394 1 503 229 188

7 830 471 21 978 244

1 240 362 923 1 481 250 944

% %

9.55 6.09

7.60 4.55

% %

82.50 88.70

5.60 -

- 4.10

5.90

- -

- -

2.50 7.20

3.50 -

Funds

29

Fees excluding VAT

Max Rate Cap Cap

4D BCI Aggressive Flexible Fund of Funds A 1.00% 0.00% 0.00% 1.00%

4D BCI Cautious Fund of Funds A 1.00% 0.00% 0.00% 1.00%

4D BCI Flexible Fund A 0.80% 15.00% 2.00% 2.80%

4D BCI Moderate Fund of Funds A 1.00% 0.00% 0.00% 1.00%

ABSA Access BCI Stable Fund A 0.70% 0.00% 0.00% 0.70%

ABSA Access BCI Stable Fund C 1.00% 0.00% 0.00% 1.00%

ABSA Access BCI Stable Fund D 1.25% 0.00% 0.00% 1.25%

ABSA Access BCI Cautious Fund A 0.75% 0.00% 0.00% 0.75%

ABSA Access BCI Cautious Fund C 1.00% 0.00% 0.00% 1.00%

ABSA Access BCI Cautious Fund D 1.25% 0.00% 0.00% 1.25%

ABSA Access BCI Balanced Fund A 0.80% 0.00% 0.00% 0.80%

ABSA Access BCI Balanced Fund C 1.00% 0.00% 0.00% 1.00%

ABSA Access BCI Balanced Fund D 1.25% 0.00% 0.00% 1.25%

ABSA Access BCI Growth Fund A 0.90% 0.00% 0.00% 0.90%

ABSA Access BCI Growth Fund C 1.00% 0.00% 0.00% 1.00%

ABSA Access BCI Growth Fund D 1.25% 0.00% 0.00% 1.25%

ABSA Access BCI Aggressive Fund A 0.95% 0.00% 0.00% 0.95%

ABSA Access BCI Aggressive Fund C 1.00% 0.00% 0.00% 1.00%

ABSA Access BCI Aggressive Fund D 1.25% 0.00% 0.00% 1.25%

ADB BCI Balanced Fund of Funds A 1.00% 0.00% 0.00% 1.00%

ADB BCI Flexible Prudential Fund of Funds A 1.00% 0.00% 0.00% 1.00%

Altre BCI Global Property Fund A 1.25% 15.00% 0.00% 1.25%

Altre BCI Real Return Property Fund A 0.75% 20.00% 2.00% 2.75%

Amity BCI Conserver Fund of Funds A 1.00% 0.00% 0.00% 1.00%

Amity BCI Flexible Growth Fund of Funds A 1.00% 0.00% 0.00% 1.00%

Amity BCI Global Diversified Fund of Funds A 1.00% 0.00% 0.00% 1.00%

Amity BCI Managed Select Fund A 1.50% 0.00% 0.00% 1.50%

Amity BCI Stable Select Fund A 1.50% 0.00% 0.00% 1.50%

Amity BCI Prudent Fund of Funds A 1.00% 0.00% 0.00% 1.00%

Anchor BCI Equity Fund A 1.00% 0.00% 0.00% 1.00%

Anchor BCI Flexible Income Fund A 1.00% 0.00% 0.00% 1.00%

Anchor BCI Flexible Income Fund B 0.75% 0.00% 0.00% 0.75%

Anchor BCI Flexible Income Fund C 0.55% 0.00% 0.00% 0.55%

Anchor BCI Managed Fund A 1.25% 15.00% 0.00% 1.25%

Anchor BCI SA Equity Fund A 1.00% 0.00% 0.00% 1.00%

Anchor BCI SA Equity Fund C 0.65% 0.00% 2.00% 2.65%

Anchor BCI Worldwide Flexible Fund A 1.00% 0.00% 0.00% 1.00%

API BCI Managed Fund of Funds A 0.30% 0.00% 0.00% 0.30%

API BCI Stable Fund of Funds A 0.30% 0.00% 0.00% 0.30%

API BCI Worldwide Opportunities Fund of Funds A 0.30% 0.00% 0.00% 0.30%

Argon BCI Worldwide Flexible Fund A 1.25% 20.00% 1.25% 2.50%

AS BCI Forum Aggressive Fund of Funds A 1.15% 15.00% 1.00% 2.15%

AS BCI Forum Cautious Fund of Funds A 1.15% 15.00% 0.50% 1.65%

AS BCI Forum Moderate Fund of Funds A 1.15% 15.00% 0.75% 1.90%

Fees and Charges

Annual Management FeeClassFund Performance Fee Total Fee

30

Fees excluding VAT

Max Rate Cap Cap

Fees and Charges


Autus BCI Balanced Fund A 1.25% 15.00% 0.75% 2.00%

Autus BCI Equity Fund A 1.25% 15.00% 2.00% 3.25%

Autus BCI Global Equity Fund A 1.50% 15.00% 1.50% 3.00%

Autus BCI Income Plus Fund A 0.60% 0.00% 0.00% 0.60%

Autus BCI Opportunity Fund A 1.25% 15.00% 2.00% 3.25%

Autus BCI Property Fund A 1.25% 15.00% 2.00% 3.25%

Autus BCI Stable Fund A 1.25% 15.00% 0.75% 2.00%

Autus BCI Worldwide Flexible Fund A 1.25% 15.00% 2.00% 3.25%

Baobab BCI Flexible Opportunity Fund A 1.50% 15.00% 0.00% 1.50%

Baroque BCI Moderato Fund of Funds A 1.00% 15.00% 2.00% 3.00%

BCI Best Blend Balanced Fund C 0.50% 15.00% 0.50% 1.00%

BCI Best Blend Cautious Fund C 0.50% 15.00% 0.50% 1.00%

BCI Best Blend Flexible Income Fund C 0.75% 0.00% 0.00% 0.75%

BCI Best Blend Global Equity Fund of Funds A 1.40% 15.00% 1.50% 2.90%

BCI Best Blend Global Property Fund A 1.25% 0.00% 0.00% 1.25%

BCI Best Blend Global Property Fund B 0.95% 0.00% 0.00% 0.95%

BCI Best Blend Specialist Equity Fund C 1.00% 0.00% 0.00% 1.00%

BCI BetaPlus Balanced Fund A 0.75% 0.00% 0.00% 0.75%

BCI Enhanced Interest Fund A 0.50% 0.00% 0.00% 0.50%

BCI Income Plus Fund C 0.50% 0.00% 0.00% 0.50%

BCI Money Market Fund A 0.30% 0.00% 0.00% 0.30%

BCI Prudential Fund of Funds 3B1 0.75% 0.00% 0.00% 0.75%

BCI Prudential Fund of Funds 3B2 1.15% 0.00% 0.00% 1.15%

BCI SA Equity Fund C 0.85% 20.00% 2.00% 2.85%

BCI Stable Fund of Funds 3B1 0.75% 0.00% 0.00% 0.75%

BCI Stable Fund of Funds 3B2 1.15% 0.00% 0.00% 1.15%

BCI Worldwide Flexible Fund of Funds 3B1 0.75% 0.00% 0.00% 0.75%

BCI Worldwide Flexible Fund of Funds 3B2 1.15% 0.00% 0.00% 1.15%

BlueAlpha BCI All Seasons Fund A 1.25% 20.00% 2.00% 3.25%

BlueAlpha BCI Global Equity Fund A 1.25% 15.00% 3.00% 4.25%

BlueAlpha BCI Global Equity Fund C 1.15% 15.00% 3.00% 4.15%

BlueAlpha BCI Select Equity Fund A 1.25% 15.00% 2.00% 3.25%

BlueAlpha BCI Select Equity Fund C 0.85% 15.00% 2.00% 2.85%

Bovest BCI Conservative Fund of Funds A 1.00% 0.00% 0.00% 1.00%

Bovest BCI Conservative Fund of Funds B 1.00% 0.00% 0.00% 1.00%

Bovest BCI Managed Fund of Funds A 1.00% 10.00% 0.00% 1.00%

Bovest BCI Managed Fund of Funds B 1.00% 15.00% 0.00% 1.00%

Bovest BCI Worldwide Flexible Fund of Funds A 1.00% 10.00% 0.00% 1.00%

Caleo BCI Worldwide Opportunities Fund of Funds A 1.00% 15.00% 2.00% 3.00%

Caleo BCI Worldwide Opportunities Fund of Funds C 1.00% 15.00% 2.00% 3.00%

Capita BCI Balanced Fund A 0.85% 0.00% 0.00% 0.85%

Capita BCI Balanced Fund C 0.85% 0.00% 0.00% 0.85%

Capita BCI Cautious Fund A 0.85% 0.00% 0.00% 0.85%

Capita BCI Cautious Fund C 0.85% 0.00% 0.00% 0.85%

Capita BCI Real Income Fund A 0.80% 0.00% 0.00% 0.80%

Capita BCI Real Income Fund C 0.80% 0.00% 0.00% 0.80%

31

Fees excluding VAT

Max Rate Cap Cap

Fees and Charges


Capstone BCI Balanced Fund A 0.70% 0.00% 0.00% 0.70%

Capstone BCI Equity Fund A 1.25% 0.00% 0.00% 1.25%

Capstone BCI Managed Fund A 0.70% 0.00% 0.00% 0.70%

Cartesian Money Market Fund A 0.25% 0.00% 0.00% 0.25%

Celtis BCI Conservative Fund of Funds A 1.00% 15.00% 2.00% 3.00%

Celtis BCI Flexible Fund of Funds A 1.00% 15.00% 2.00% 3.00%

Celtis BCI Managed Fund of Funds A 1.00% 15.00% 0.00% 1.00%

Celtis BCI Managed Fund of Funds C 1.00% 15.00% 0.00% 1.00%

Centaur BCI Balanced Fund A 1.50% 12.50% 1.00% 2.50%

Centaur BCI Flexible Fund A 1.25% 20.00% 2.00% 3.25%

Centaur BCI Flexible Fund C 0.85% 20.00% 2.00% 2.85%

Colourfield BCI Fixed Income Fund 1 A 0.45% 0.00% 0.00% 0.45%

Colourfield BCI Fixed Income Fund 2 A 0.45% 0.00% 0.00% 0.45%

Colourfield BCI Money Market Fund C 0.23% 0.00% 0.00% 0.23%

Consilium BCI Flexible Fund A 1.65% 0.00% 0.00% 1.65%

Consilium BCI Worldwide Flexible Fund A 1.25% 0.00% 0.00% 1.25%

Cratos BCI Equity Fund A 1.25% 0.00% 2.00% 3.25%

CS BCI Aggressive Prudential Fund of Funds A 1.65% 0.00% 0.00% 1.65%

CS BCI Aggressive Prudential Fund of Funds B 1.25% 0.00% 0.00% 1.25%

CS BCI Flexible Fund of Funds A 1.65% 0.00% 0.00% 1.65%

CS BCI Prudential Fund of Funds A 1.65% 0.00% 0.00% 1.65%

CS BCI Prudential Fund of Funds B 1.25% 0.00% 0.00% 1.25%

CS BCI Worldwide Flexible Fund of Funds A 1.65% 0.00% 0.00% 1.65%

CS BCI Worldwide Flexible Fund of Funds B 1.25% 0.00% 0.00% 1.25%

Dinamika BCI Conservative Fund of Funds A 1.25% 15.00% 2.00% 3.25%

Dinamika BCI Worldwide Flexible Fund A 1.25% 15.00% 2.00% 3.25%

Dolberg Spencer BCI Equity Fund A 1.00% 15.00% 2.00% 3.00%

Dolberg Spencer BCI Flexible Fund A 1.00% 15.00% 2.00% 3.00%

Dolberg Spencer BCI Property Fund A 1.00% 15.00% 2.00% 3.00%

Dotport BCI Flexible Fund of Funds A 1.00% 15.00% 2.00% 3.00%

Dotport BCI Prudential Fund of Funds A 1.00% 15.00% 2.00% 3.00%

Dotport BCI Cautious Fund of Funds A 1.00% 7.50% 2.00% 3.00%

Efficient BCI Balanced Fund A 1.00% 10.00% 0.75% 1.75%

Efficient BCI Cautious Fund A 1.00% 15.00% 1.00% 2.00%

Efficient BCI Equity Fund A 1.00% 20.00% 2.00% 3.00%

Efficient BCI Equity Fund of Funds A 1.50% 0.00% 0.00% 1.50%

Efficient BCI Fixed Income Fund A 0.75% 0.00% 0.00% 0.75%

Efficient BCI Flexible Fund of Funds A 1.50% 0.00% 0.00% 1.50%

Efficient BCI Property Fund A 0.85% 15.00% 1.75% 2.60%

Efficient BCI Prudential High Fund of Funds A 1.50% 0.00% 0.00% 1.50%

Efficient BCI Prudential Medium Fund of Funds C 1.50% 0.00% 0.00% 1.50%

Efficient BCI Worldwide Flexible Fund A 1.00% 15.00% 1.75% 2.75%

Efficient BCI African Flexible Income Fund A 0.85% 15.00% 1.00% 1.85%

Evolve BCI Managed Fund A 0.50% 0.18% 2.00% 2.50%

Evolve BCI Conservative Fund A 0.50% 0.18% 2.00% 2.50%

32

Fees excluding VAT

Max Rate Cap Cap

Fees and Charges


Florin BCI Managed Fund A 1.50% 0.00% 0.00% 1.50%

Foster BCI Moderate Fund of Funds A 1.00% 10.00% 1.00% 2.00%

GFA BCI Managed Fund of Funds A 1.00% 15.00% 2.00% 3.00%

GFA BCI Stable Fund of Funds A 1.00% 15.00% 2.00% 3.00%

Harvard House BCI Equity Fund A 0.95% 0.00% 0.00% 0.95%

Harvard House BCI Flexible Income Fund A 0.95% 0.00% 0.00% 0.95%

Harvard House BCI Property Fund A 0.95% 0.00% 0.00% 0.95%

Kanaan BCI Balanced Fund of Funds A 1.00% 15.00% 2.00% 3.00%

Kanaan BCI Flexible Fund of Funds A 1.00% 15.00% 2.00% 3.00%

Maitland Flexible Fund of Funds A 1.00% 0.00% 0.00% 1.00%

Montrose BCI Cautious FoF’s A 1.00% 15.00% 1.00% 2.00%

Montrose BCI Flexible FoF’s A 1.00% 15.00% 2.00% 3.00%

Montrose BCI Moderate FoF’s A 1.00% 15.00% 2.00% 3.00%

Naviga BCI Balanced Growth Fund of Funds A 1.25% 10.00% 0.50% 1.75%

Naviga BCI Equity Fund of Funds A 0.80% 0.00% 0.00% 0.80%

Naviga BCI Income Planner Fund of Funds A 0.60% 0.00% 0.00% 0.60%

Naviga BCI SA Equity Fund A 1.25% 15.00% 1.50% 2.75%

Naviga BCI Secure Growth Fund of Funds A 1.25% 10.00% 0.50% 1.75%

NeFG BCI Equity Fund A 1.25% 15.00% 2.00% 3.25%

NeFG BCI Flexible Fund A 1.25% 15.00% 2.00% 3.25%

NeFG BCI Income Provider Fund A 1.50% 15.00% 2.00% 3.50%

Olympiad BCI Managed Fund of Funds A 1.00% 15.00% 2.00% 3.00%

Olympiad BCI Worldwide Flex Fund of Funds A 1.00% 15.00% 2.00% 3.00%

Optimum BCI Balanced Fund A 1.00% 15.00% 1.00% 2.00%

Optimum BCI Balanced Fund D 1.00% 0.00% 1.00% 2.00%

Optimum BCI Equity Fund A 1.35% 0.00% 1.00% 2.35%

Optimum BCI Managed Growth Fund A 1.00% 15.00% 1.00% 2.00%

Optimum BCI Stable Fund A 1.00% 15.00% 1.00% 2.00%

Optimum BCI Worldwide Flexible Fund of Funds A 1.00% 0.00% 0.00% 1.00%

Plexus Wealth BCI Balanced Fund A 1.30% 0.00% 0.00% 1.30%

Plexus Wealth BCI Conservative Fund A 1.30% 0.00% 0.00% 1.30%

Plexus Wealth BCI Property Fund A 1.00% 0.00% 0.00% 1.00%

Portfoliometrix BCI Bond Fund of Funds A 0.10% 0.00% 0.00% 0.10%

PortfolioMetrix BCI Equity Fund of Funds B2 0.50% 0.00% 0.00% 0.50%

PortfolioMetrix BCI Equity Fund of Funds B1 0.10% 0.00% 0.00% 0.10%

PortfolioMetrix BCI Global Equity Fund of Funds B2 0.50% 0.00% 0.00% 0.50%

PortfolioMetrix BCI Global Equity Fund of Funds B1 0.10% 0.00% 0.00% 0.10%

Portfoliometrix BCI Income Fund of Funds A 0.10% 0.00% 0.00% 0.10%

Portfoliometrix BCI SA Property Fund A 0.75% 0.00% 0.00% 0.75%

Quantum BCI Balanced Fund of Funds A 1.15% 0.00% 0.00% 1.15%

Quantum BCI Capital Plus Fund of Funds A 1.15% 0.00% 0.00% 1.15%

Quantum BCI Core Income Fund A 0.80% 0.00% 0.00% 0.80%

Quantum BCI Worldwide Flexible Fund of Funds A 1.15% 0.00% 0.00% 1.15%

RCI BCI Flexible Fund A 1.33% 10.00% 2.00% 3.33%

33

Fees excluding VAT

Max Rate Cap Cap

Fees and Charges


Rebalance BCI Inflation Plus 3 Fund A 1.05% 0.00% 0.00% 1.05%



Reitway BCI Global Property Fund A 1.25% 0.00% 0.00% 1.25%

Reitway BCI Global Property Fund C 0.95% 0.00% 0.00% 0.95%

Renaissance BCI Cautious Fund A 1.50% 0.00% 0.00% 1.50%

Renaissance BCI Global Best Ideas Feeder Fund A 0.15% 0.00% 0.00% 0.15%

Renaissance BCI Managed Fund A 1.50% 0.00% 0.00% 1.50%

Rudiarius BCI Africa Equity Fund C 1.00% 20.00% 0.00% 1.00%

SA Asset Management BCI Cautious Fund A 1.20% 15.00% 1.00% 2.20%

SA Asset Management BCI Managed Fund A 1.10% 15.00% 2.00% 3.10%

SA Asset Management BCI Moderate Fund A 1.15% 15.00% 1.50% 2.65%

S-BRO BCI Balanced Fund of Funds A 1.00% 15.00% 2.50% 3.50%

S-BRO BCI Defensive Fund of Funds A 1.00% 15.00% 1.50% 2.50%

Simplisiti BCI Flexible Fund of Funds A 1.00% 15.00% 2.00% 3.00%

Simplisiti BCI Income Plus Fund of Funds A 0.85% 0.00% 0.50% 1.35%

Simplisiti BCI Managed Protector Fund of Funds A 1.00% 15.00% 1.00% 2.00%

Skyblue BCI Cumulus Moderate Fund of Funds A 1.00% 10.00% 2.00% 3.00%

Skyblue BCI Kimberlite Cautious Fund of Funds A 1.00% 10.00% 2.00% 3.00%

Skyblue BCI Solar Flexible Fund of Funds A 1.00% 10.00% 2.00% 3.00%

Southern Charter BCI Balanced Fund of Funds A 1.00% 15.00% 1.50% 2.50%

Southern Charter BCI Defensive Fund of Funds A 1.00% 15.00% 0.75% 1.75%

Southern Charter BCI Growth Fund of Funds A 1.00% 15.00% 1.50% 2.50%

Southern Charter BCI WW Flexible Fund of Funds A 1.00% 15.00% 1.50% 2.50%

Stonewood BCI Worldwide Flexible Fund B 1.50% 0.00% 0.00% 1.50%

Stringfellow BCI Flexible Fund of Funds A 1.00% 15.00% 2.00% 3.00%

Stringfellow BCI Stable Fund of Funds A 1.00% 15.00% 2.00% 3.00%

Tantalum BCI Cautious Fund A 0.85% 15.00% 1.00% 1.85%

Tantalum BCI Strategic Income Fund A 0.75% 10.00% 0.00% 0.75%

UAM BCI Balanced Fund A 1.50% 0.00% 0.00% 1.50%

Visio BCI Actinio Fund A 1.25% 12.50% 3.50% 4.75%

Visio BCI Actinio Fund B1 1.25% 12.50% 2.00% 3.25%

Visio BCI Actinio Fund C 0.75% 12.50% 2.00% 2.75%

Visio BCI Actinio Fund D 0.85% 12.50% 2.00% 2.85%

Visio BCI General Equity Fund A 1.00% 20.00% 1.00% 2.00%

34

4D BCI Aggressive Flexible Fund of Funds A - 0.27 - 0.10

4D BCI Cautious Fund of Funds A 0.77 1.12 0.68 0.89

4D BCI Flexible Fund A - 1.46 - 1.31

4D BCI Moderate Fund of Funds A - 1.27 - 0.92

ABSA Access BCI Stable Fund A - - - 0.01

ABSA Access BCI Stable Fund C - - - -

ABSA Access BCI Stable Fund D - - - -

ABSA Access BCI Cautious Fund A - - - -

ABSA Access BCI Cautious Fund C - - - -

ABSA Access BCI Cautious Fund D - - - -

ABSA Access BCI Balanced Fund A - - - -

ABSA Access BCI Balanced Fund C - - - -

ABSA Access BCI Balanced Fund D - - - -

ABSA Access BCI Growth Fund A - - - -

ABSA Access BCI Growth Fund C - - - -

ABSA Access BCI Growth Fund D - - - -

ABSA Access BCI Aggressive Fund A - - - -

ABSA Access BCI Aggressive Fund C - - - -

ABSA Access BCI Aggressive Fund D - - - -

ADB BCI Balanced Fund of Funds A - 0.90 - -

ADB BCI Flexible Prudential Fund of Funds A - 0.87 - -

Altre BCI Global Property Fund A - - - -

Altre BCI Real Return Property Fund A 0.97 0.50 1.79 -

Amity BCI Conserver Fund of Funds A 0.25 1.33 0.28 -

Amity BCI Flexible Growth Fund of Funds A - 0.72 - -

Amity BCI Global Diversified Fund of Funds A - - - -

Amity BCI Managed Select Fund A - - - -

Amity BCI Stable Select Fund A - - - -

Amity BCI Prudent Fund of Funds A - 0.96 - -

Anchor BCI Equity Fund A - 0.42 - -

Anchor BCI Flexible Income Fund A - - - -

Anchor BCI Flexible Income Fund B - - - -

Anchor BCI Flexible Income Fund C - - - -

Anchor BCI Managed Fund A - - - -

Anchor BCI SA Equity Fund A - - - -

Anchor BCI SA Equity Fund C - - - -

Anchor BCI Worldwide Flexible Fund A - 0.61 - 0.35

API BCI Managed Fund of Funds A - - - -

API BCI Stable Fund of Funds A - - - 0.74

API BCI Worldwide Opportunities Fund of Funds A - 0.03 - 0.25

Argon BCI Worldwide Flexible Fund A - - - -

Distribution

Fund Class

Income Distribution (cpu)

Nov-14 Feb-15 May-15 Aug-15

35

Distribution

Fund Class



AS BCI Forum Aggressive Fund of Funds A - - - -

AS BCI Forum Cautious Fund of Funds A 0.93 0.99 0.73 1.01

AS BCI Forum Moderate Fund of Funds A - 0.78 - 1.13

Autus BCI Balanced Fund A - - - -

Autus BCI Equity Fund A - - - -

Autus BCI Global Equity Fund A - - - -

Autus BCI Income Plus Fund A 1.86 1.56 1.54 1.52

Autus BCI Opportunity Fund A - - - -

Autus BCI Property Fund A 1.58 0.22 1.67 0.39

Autus BCI Stable Fund A - 2.07 - 0.81

Autus BCI Worldwide Flexible Fund A - - - -

Baobab BCI Flexible Opportunity Fund A - - - -

Baroque BCI Moderato Fund of Funds A - - - 0.36

BCI Best Blend Balanced Fund C - 0.42 - 1.21

BCI Best Blend Cautious Fund C 0.79 0.75 0.63 0.93

BCI Best Blend Flexible Income Fund C 1.44 1.28 1.47 1.82

BCI Best Blend Global Equity Fund of Funds A - - - -

BCI Best Blend Global Property Fund A - - - 0.52

BCI Best Blend Global Property Fund B - - - 0.65

BCI Best Blend Specialist Equity Fund C - 1.02 - 1.73

BCI BetaPlus Balanced Fund A - - - 1.25

BCI Enhanced Interest Fund A - - 0.34 0.53

BCI Income Plus Fund C 1.78 0.47 1.14 2.31

BCI Money Market Fund A - - - -

BCI Prudential Fund of Funds 3B1 - 0.87 - 0.85

BCI Prudential Fund of Funds 3B2 - 0.32 - 0.40

BCI SA Equity Fund C - 0.02 - 0.06

BCI Stable Fund of Funds 3B1 1.29 0.80 1.71 0.88

BCI Stable Fund of Funds 3B2 1.13 0.64 1.54 0.71

BCI Worldwide Flexible Fund of Funds 3B1 - - - -

BCI Worldwide Flexible Fund of Funds 3B2 - - - -

BlueAlpha BCI All Seasons Fund A - - - -

BlueAlpha BCI Global Equity Fund A - - - -

BlueAlpha BCI Global Equity Fund C - - - -

BlueAlpha BCI Select Equity Fund A - - - 0.25

BlueAlpha BCI Select Equity Fund C - 0.21 - 0.15

Bovest BCI Conservative Fund of Funds A - - - 0.39

Bovest BCI Conservative Fund of Funds B - - - -

Bovest BCI Managed Fund of Funds A - - - -

Bovest BCI Managed Fund of Funds B - - - -

Bovest BCI Worldwide Flexible Fund of Funds A - - - -

Caleo BCI Worldwide Opportunities Fund of Funds A - - - 0.28

Caleo BCI Worldwide Opportunities Fund of Funds C - - - 0.41

36

Distribution

Fund Class



Capita BCI Balanced Fund A - 0.83 - 1.10

Capita BCI Balanced Fund C - 0.77 - 1.10

Capita BCI Cautious Fund A 0.34 0.88 0.42 0.80

Capita BCI Cautious Fund C 0.33 0.89 0.41 0.81

Capita BCI Real Income Fund A 1.81 1.22 1.38 1.67

Capita BCI Real Income Fund C 1.80 1.22 1.38 1.68

Capstone BCI Balanced Fund A - - - 0.13

Capstone BCI Equity Fund A - 1.13 - 5.21

Capstone BCI Managed Fund A - - - 0.12

Cartesian Money Market Fund A - - - -

Celtis BCI Conservative Fund of Funds A 0.39 0.72 0.78 0.90

Celtis BCI Flexible Fund of Funds A - - - -

Celtis BCI Managed Fund of Funds A - 0.03 - -

Celtis BCI Managed Fund of Funds C - - - -

Centaur BCI Balanced Fund A - 0.04 - 0.47

Centaur BCI Flexible Fund A - - - 6.47

Centaur BCI Flexible Fund C - - - 6.86

Colourfield BCI Fixed Income Fund 1 A - 0.35 - 0.80

Colourfield BCI Fixed Income Fund 2 A - 0.58 - 0.76

Colourfield BCI Money Market Fund C - - - -

Consilium BCI Flexible Fund A - - - 0.52

Consilium BCI Worldwide Flexible Fund A - - - -

Cratos BCI Equity Fund A - - - -

CS BCI Aggressive Prudential Fund of Funds A - - - -

CS BCI Aggressive Prudential Fund of Funds B - - - -

CS BCI Flexible Fund of Funds A - - - -

CS BCI Prudential Fund of Funds A - 0.05 - 0.22

CS BCI Prudential Fund of Funds B - 0.52 - 0.62

CS BCI Worldwide Flexible Fund of Funds A - - - -

CS BCI Worldwide Flexible Fund of Funds B - - - -

Dinamika BCI Conservative Fund of Funds A 0.68 0.55 0.83 0.79

Dinamika BCI Worldwide Flexible Fund A - - - -

Dolberg Spencer BCI Equity Fund A - 0.20 - 0.66

Dolberg Spencer BCI Flexible Fund A - - - 0.23

Dolberg Spencer BCI Property Fund A 1.10 0.51 1.91 0.33

Dotport BCI Flexible Fund of Funds A - 0.31 - 0.35

Dotport BCI Prudential Fund of Funds A - 1.26 - 0.91

Dotport BCI Cautious Fund of Funds A 1.06 1.02 1.00 1.09

Efficient BCI Balanced Fund A - 2.61 - 4.02

Efficient BCI Cautious Fund A 0.66 0.64 1.44 1.08

Efficient BCI Equity Fund A - 1.96 - 6.33

Efficient BCI Equity Fund of Funds A - 0.20 - -

Efficient BCI Fixed Income Fund A 1.50 1.61 1.73 1.84

Efficient BCI Flexible Fund of Funds A - 0.62 - 0.15

37

Distribution

Fund Class



Efficient BCI Property Fund A 5.53 1.45 7.17 1.82

Efficient BCI Prudential High Fund of Funds A - 1.02 - 0.37

Efficient BCI Prudential Medium Fund of Funds C - 1.79 - 1.14

Efficient BCI Worldwide Flexible Fund A - 0.55 - 1.27

Efficient BCI African Flexible Income Fund A 1.21 1.41 1.39 1.45

Evolve BCI Managed Fund A - - - 0.24

Evolve BCI Conservative Fund A - - - 0.69

Florin BCI Managed Fund A - - - -

Foster BCI Moderate Fund of Funds A - 0.94 - 1.35

GFA BCI Managed Fund of Funds A - - - -

GFA BCI Stable Fund of Funds A 1.38 0.27 0.79 0.93

Harvard House BCI Equity Fund A - 1.50 - 4.79

Harvard House BCI Flexible Income Fund A 2.21 0.95 1.82 1.94

Harvard House BCI Property Fund A - - - -

Kanaan BCI Balanced Fund of Funds A - 0.57 - -

Kanaan BCI Flexible Fund of Funds A - - - -

Maitland Flexible Fund of Funds A - 1.95 - 2.04

Montrose BCI Cautious FoF’s A - 0.03 - 0.59

Montrose BCI Flexible FoF’s A - - - -

Montrose BCI Moderate FoF’s A - - - -

Naviga BCI Balanced Growth Fund of Funds A - 1.11 - 1.02

Naviga BCI Equity Fund of Funds A - - - 0.94

Naviga BCI Income Planner Fund of Funds A 1.61 1.59 1.50 1.67

Naviga BCI SA Equity Fund A - 0.89 - 1.95

Naviga BCI Secure Growth Fund of Funds A - 2.46 - 2.51

NeFG BCI Equity Fund A - 0.83 - 2.36

NeFG BCI Flexible Fund A - 0.11 - 1.55

NeFG BCI Income Provider Fund A 0.20 0.57 0.75 0.77

Olympiad BCI Managed Fund of Funds A - 0.92 - 1.37

Olympiad BCI Worldwide Flex Fund of Funds A - - - 0.09

Optimum BCI Balanced Fund A - 0.83 - 1.04

Optimum BCI Balanced Fund D - - - -

Optimum BCI Equity Fund A - - - -

Optimum BCI Managed Growth Fund A - 0.20 - 0.66

Optimum BCI Stable Fund A 0.81 0.71 0.68 0.86

Optimum BCI Worldwide Flexible Fund of Funds A - - - -

Plexus Wealth BCI Balanced Fund A - 2.70 - 3.45

Plexus Wealth BCI Conservative Fund A 1.41 1.48 1.71 1.75

Plexus Wealth BCI Property Fund A 4.01 1.86 3.79 3.01

Portfoliometrix BCI Bond Fund of Funds A - - - -

PortfolioMetrix BCI Equity Fund of Funds B2 - - - 0.70

PortfolioMetrix BCI Equity Fund of Funds B1 - 0.50 - 0.97

38

Distribution

Fund Class



PortfolioMetrix BCI Global Equity Fund of Funds B2 - - - -

PortfolioMetrix BCI Global Equity Fund of Funds B1 - - - -

Portfoliometrix BCI Income Fund of Funds A - - - -

Portfoliometrix BCI SA Property Fund A - - - 0.46

Quantum BCI Balanced Fund of Funds A 1.20 0.42 0.51 0.71

Quantum BCI Capital Plus Fund of Funds A 0.73 1.41 0.88 1.29

Quantum BCI Core Income Fund A 1.73 0.75 1.51 1.01

Quantum BCI Worldwide Flexible Fund of Funds A - 0.01 - -

RCI BCI Flexible Fund A - 0.58 - 1.58

Rebalance BCI Inflation Plus 3 Fund A - 0.04 - 1.89

Rebalance BCI Inflation Plus 5 Fund A - - - 1.11

Rebalance BCI Inflation Plus 7 Fund A - - - 0.10

Reitway BCI Global Property Fund A 1.29 1.01 1.16 1.02

Reitway BCI Global Property Fund C 1.43 1.18 1.32 1.20

Renaissance BCI Cautious Fund A 0.65 0.32 0.86 0.60

Renaissance BCI Global Best Ideas Feeder Fund A - - - -

Renaissance BCI Managed Fund A - 0.60 - 1.11

Rudiarius BCI Africa Equity Fund C - 0.18 - 1.52

SA Asset Management BCI Cautious Fund A 1.27 0.29 1.12 0.41

SA Asset Management BCI Managed Fund A - 0.97 - 1.11

SA Asset Management BCI Moderate Fund A - 1.04 - 1.21

S-BRO BCI Balanced Fund of Funds A - 0.51 - 1.47

S-BRO BCI Defensive Fund of Funds A 0.48 0.76 0.64 0.97

Simplisiti BCI Flexible Fund of Funds A - - - -

Simplisiti BCI Income Plus Fund of Funds A 1.26 1.31 1.14 1.20

Simplisiti BCI Managed Protector Fund of Funds A - - - -

Skyblue BCI Cumulus Moderate Fund of Funds A - 1.21 - 1.82

Skyblue BCI Kimberlite Cautious Fund of Funds A 0.66 1.09 0.71 0.78

Skyblue BCI Solar Flexible Fund of Funds A - 0.10 - 0.05

Southern Charter BCI Balanced Fund of Funds A - 1.43 - 1.76

Southern Charter BCI Defensive Fund of Funds A 1.17 0.77 0.99 0.88

Southern Charter BCI Growth Fund of Funds A - 1.20 - 1.12

Southern Charter BCI WW Flexible Fund of Funds A - 0.19 - 0.33

Stonewood BCI Worldwide Flexible Fund B - 0.08 - -

Stringfellow BCI Flexible Fund of Funds A - - - -

Stringfellow BCI Stable Fund of Funds A - 0.62 - 1.20

Tantalum BCI Cautious Fund A - 0.11 - -

Tantalum BCI Strategic Income Fund A 0.02 0.79 1.45 1.66

UAM BCI Balanced Fund A - - - 0.34

Visio BCI Actinio Fund A - - - -

Visio BCI Actinio Fund B1 - - - -

Visio BCI Actinio Fund C - 0.10 - 0.84

Visio BCI Actinio Fund D - - - 1.72

Visio BCI General Equity Fund A - 0.62 - 1.59

39

4D BCI Aggressive Flexible Fund of Funds A 2.96

4D BCI Cautious Fund of Funds A 2.35

4D BCI Flexible Fund A 1.33

4D BCI Moderate Fund of Funds A 2.41

ABSA Access BCI Stable Fund A -

ABSA Access BCI Stable Fund C -

ABSA Access BCI Stable Fund D -

ABSA Access BCI Cautious Fund A -

ABSA Access BCI Cautious Fund C -

ABSA Access BCI Cautious Fund D -

ABSA Access BCI Balanced Fund A -

ABSA Access BCI Balanced Fund C -

ABSA Access BCI Balanced Fund D -

ABSA Access BCI Growth Fund A -

ABSA Access BCI Growth Fund C -

ABSA Access BCI Growth Fund D -

ABSA Access BCI Aggressive Fund A -

ABSA Access BCI Aggressive Fund C -

ABSA Access BCI Aggressive Fund D -

ADB BCI Balanced Fund of Funds A 2.28

ADB BCI Flexible Prudential Fund of Funds A 2.31

Altre BCI Global Property Fund A -

Altre BCI Real Return Property Fund A 0.90

Amity BCI Conserver Fund of Funds A 2.33

Amity BCI Flexible Growth Fund of Funds A 1.81

Amity BCI Global Diversified Fund of Funds A -

Amity BCI Managed Select Fund A -

Amity BCI Stable Select Fund A -

Amity BCI Prudent Fund of Funds A 2.27

Anchor BCI Equity Fund A 1.22

Anchor BCI Flexible Income Fund A 1.14

Anchor BCI Flexible Income Fund B -

Anchor BCI Flexible Income Fund C -

Anchor BCI Managed Fund A 1.43

Anchor BCI SA Equity Fund A 1.46

Anchor BCI SA Equity Fund C 1.46

Anchor BCI Worldwide Flexible Fund A 1.25

API BCI Managed Fund of Funds A 0.34

API BCI Stable Fund of Funds A 0.34

API BCI Worldwide Opportunities Fund of Funds A 0.34

Argon BCI Worldwide Flexible Fund A 1.43

Total Expense Ratio

Fund Class TER June 2015

40

Total Expense Ratio


AS BCI Forum Aggressive Fund of Funds A 3.17

AS BCI Forum Cautious Fund of Funds A 2.61

AS BCI Forum Moderate Fund of Funds A 2.93

Autus BCI Balanced Fund A 3.61

Autus BCI Equity Fund A 2.76

Autus BCI Global Equity Fund A 1.71

Autus BCI Income Plus Fund A 1.12

Autus BCI Opportunity Fund A 3.78

Autus BCI Property Fund A 1.50

Autus BCI Stable Fund A 2.92

Autus BCI Worldwide Flexible Fund A 2.49

Baobab BCI Flexible Opportunity Fund A 1.90

Baroque BCI Moderato Fund of Funds A 3.28

BCI Best Blend Balanced Fund C 2.13

BCI Best Blend Cautious Fund C 1.67

BCI Best Blend Flexible Income Fund C 0.96

BCI Best Blend Global Equity Fund of Funds A 2.01

BCI Best Blend Global Property Fund A 1.43

BCI Best Blend Global Property Fund B -

BCI Best Blend Specialist Equity Fund C 1.13

BCI BetaPlus Balanced Fund A 1.15

BCI Enhanced Interest Fund A 1.41

BCI Income Plus Fund C 0.65

BCI Money Market Fund A 0.61

BCI Prudential Fund of Funds 3B1 2.29

BCI Prudential Fund of Funds 3B2 2.73

BCI SA Equity Fund C 1.82

BCI Stable Fund of Funds 3B1 1.90

BCI Stable Fund of Funds 3B2 2.35

BCI Worldwide Flexible Fund of Funds 3B1 2.37

BCI Worldwide Flexible Fund of Funds 3B2 2.84

BlueAlpha BCI All Seasons Fund A 4.42

BlueAlpha BCI Global Equity Fund A 2.20

BlueAlpha BCI Global Equity Fund C -

BlueAlpha BCI Select Equity Fund A 2.48

BlueAlpha BCI Select Equity Fund C 2.08

Bovest BCI Conservative Fund of Funds A 2.81

Bovest BCI Conservative Fund of Funds B 0.84

Bovest BCI Managed Fund of Funds A 3.34

Bovest BCI Managed Fund of Funds B 0.97

Bovest BCI Worldwide Flexible Fund of Funds A 1.14

Caleo BCI Worldwide Opportunities Fund of Funds A 2.56

Caleo BCI Worldwide Opportunities Fund of Funds C 2.46

41

Total Expense Ratio


Capita BCI Balanced Fund A 2.01

Capita BCI Balanced Fund C 2.01

Capita BCI Cautious Fund A 1.93

Capita BCI Cautious Fund C 1.94

Capita BCI Real Income Fund A 1.27

Capita BCI Real Income Fund C 1.30

Capstone BCI Balanced Fund A 0.80

Capstone BCI Equity Fund A 1.51

Capstone BCI Managed Fund A 0.80

Cartesian Money Market Fund A -

Celtis BCI Conservative Fund of Funds A 2.17

Celtis BCI Flexible Fund of Funds A 3.23

Celtis BCI Managed Fund of Funds A 2.89

Celtis BCI Managed Fund of Funds C 2.89

Centaur BCI Balanced Fund A 2.40

Centaur BCI Flexible Fund A 3.21

Centaur BCI Flexible Fund C 1.69

Colourfield BCI Fixed Income Fund 1 A 0.63

Colourfield BCI Fixed Income Fund 2 A 0.68

Colourfield BCI Money Market Fund C 0.14

Consilium BCI Flexible Fund A 2.27

Consilium BCI Worldwide Flexible Fund A 1.55

Cratos BCI Equity Fund A 1.43

CS BCI Aggressive Prudential Fund of Funds A 3.46

CS BCI Aggressive Prudential Fund of Funds B 3.02

CS BCI Flexible Fund of Funds A 3.46

CS BCI Prudential Fund of Funds A 3.22

CS BCI Prudential Fund of Funds B 2.76

CS BCI Worldwide Flexible Fund of Funds A -

CS BCI Worldwide Flexible Fund of Funds B -

Dinamika BCI Conservative Fund of Funds A 2.92

Dinamika BCI Worldwide Flexible Fund A 1.43

Dolberg Spencer BCI Equity Fund A 1.38

Dolberg Spencer BCI Flexible Fund A 2.80

Dolberg Spencer BCI Property Fund A 1.68

Dotport BCI Flexible Fund of Funds A 3.02

Dotport BCI Prudential Fund of Funds A 2.89

Dotport BCI Cautious Fund of Funds A 2.17

Efficient BCI Balanced Fund A 1.31

Efficient BCI Cautious Fund A 2.05

Efficient BCI Equity Fund A 1.16

Efficient BCI Equity Fund of Funds A 2.78

Efficient BCI Fixed Income Fund A 1.13

42

Total Expense Ratio


Efficient BCI Flexible Fund of Funds A 2.76

Efficient BCI Property Fund A 1.06

Efficient BCI Prudential High Fund of Funds A 2.82

Efficient BCI Prudential Medium Fund of Funds C 2.68

Efficient BCI Worldwide Flexible Fund A 2.07

Efficient BCI African Flexible Income Fund A 1.68

Evolve BCI Managed Fund A 0.57

Evolve BCI Conservative Fund A 2.36

Florin BCI Managed Fund A -

Foster BCI Moderate Fund of Funds A 2.45

GFA BCI Managed Fund of Funds A 3.56

GFA BCI Stable Fund of Funds A 2.56

Harvard House BCI Equity Fund A 1.34

Harvard House BCI Flexible Income Fund A 1.17

Harvard House BCI Property Fund A -

Kanaan BCI Balanced Fund of Funds A 3.36

Kanaan BCI Flexible Fund of Funds A 4.28

Maitland Flexible Fund of Funds A 2.26

Montrose BCI Cautious FoF’s A 2.69

Montrose BCI Flexible FoF’s A 4.61

Montrose BCI Moderate FoF’s A 3.48

Naviga BCI Balanced Growth Fund of Funds A 2.65

Naviga BCI Equity Fund of Funds A 2.07

Naviga BCI Income Planner Fund of Funds A 1.30

Naviga BCI SA Equity Fund A 1.67

Naviga BCI Secure Growth Fund of Funds A 2.39

NeFG BCI Equity Fund A 2.03

NeFG BCI Flexible Fund A 2.71

NeFG BCI Income Provider Fund A 2.88

Olympiad BCI Managed Fund of Funds A 2.37

Olympiad BCI Worldwide Flex Fund of Funds A 2.92

Optimum BCI Balanced Fund A 2.39

Optimum BCI Balanced Fund D 2.39

Optimum BCI Equity Fund A -

Optimum BCI Managed Growth Fund A 2.43

Optimum BCI Stable Fund A 2.55

Optimum BCI Worldwide Flexible Fund of Funds A -

Plexus Wealth BCI Balanced Fund A 1.69

Plexus Wealth BCI Conservative Fund A 1.66

Plexus Wealth BCI Property Fund A 1.18

Portfoliometrix BCI Bond Fund of Funds A -

PortfolioMetrix BCI Equity Fund of Funds B2 1.45

PortfolioMetrix BCI Equity Fund of Funds B1 1.00

43

Total Expense Ratio


PortfolioMetrix BCI Global Equity Fund of Funds B2 1.67

PortfolioMetrix BCI Global Equity Fund of Funds B1 1.24

Portfoliometrix BCI Income Fund of Funds A -

Portfoliometrix BCI SA Property Fund A -

Quantum BCI Balanced Fund of Funds A 2.48

Quantum BCI Capital Plus Fund of Funds A 2.58

Quantum BCI Core Income Fund A 1.67

Quantum BCI Worldwide Flexible Fund of Funds A 2.71

RCI BCI Flexible Fund A 2.58

Rebalance BCI Inflation Plus 3 Fund A 2.03



Reitway BCI Global Property Fund A 1.51

Reitway BCI Global Property Fund C 1.13

Renaissance BCI Cautious Fund A 2.10

Renaissance BCI Global Best Ideas Feeder Fund A 0.17

Renaissance BCI Managed Fund A 2.10

Rudiarius BCI Africa Equity Fund C 1.51

SA Asset Management BCI Cautious Fund A 2.11

SA Asset Management BCI Managed Fund A 2.07

SA Asset Management BCI Moderate Fund A 2.11

S-BRO BCI Balanced Fund of Funds A 2.90

S-BRO BCI Defensive Fund of Funds A 2.10

Simplisiti BCI Flexible Fund of Funds A 3.83

Simplisiti BCI Income Plus Fund of Funds A 1.85

Simplisiti BCI Managed Protector Fund of Funds A 3.36

Skyblue BCI Cumulus Moderate Fund of Funds A 2.85

Skyblue BCI Kimberlite Cautious Fund of Funds A 2.12

Skyblue BCI Solar Flexible Fund of Funds A 2.99

Southern Charter BCI Balanced Fund of Funds A 2.35

Southern Charter BCI Defensive Fund of Funds A 2.45

Southern Charter BCI Growth Fund of Funds A 2.39

Southern Charter BCI WW Flexible Fund of Funds A 2.67

Stonewood BCI Worldwide Flexible Fund B 1.83

Stringfellow BCI Flexible Fund of Funds A 4.07

Stringfellow BCI Stable Fund of Funds A 3.15

Tantalum BCI Cautious Fund A 0.83

Tantalum BCI Strategic Income Fund A 0.99

UAM BCI Balanced Fund A 2.08

Visio BCI Actinio Fund A 3.20

Visio BCI Actinio Fund B1 2.97

Visio BCI Actinio Fund C 1.95

Visio BCI Actinio Fund D 1.58

Visio BCI General Equity Fund A 1.25

44

Boutique Collective Investments (RF) (Pty) LtdRegistration Number 2003/024082/07

Cape Town Office

Telephone +27 (0) 21 007 1500 | +72 (0) 21 914 1880

Fax +27 (0) 86 502 5319

Email [email protected]

Physical Address Catnia Building

Bella Rosa Village

Bella Rosa Street

Bellville

7530

Directors Trustees

R Walton The Standard Bank of South Africa Limited

J Meyer PO Box 54

M Geale Cape Town

G Abrahams 8000

Disclaimer

Copies of the audited financial statements for Boutique Collective Investments (RF) (Pty) Limited, together with each of the

Boutique Collective Investments portfolios is available on request, free of charge. You need simply call our offices on (021) 007

1500/(021) 914 1220 or alternatively e-mail us at [email protected] to request a printed or electronic copy.

Boutique Collective Investments (RF) (Pty) Ltd (“BCI”) is a registered Manager of the Boutique Collective Investments Scheme,

approved in terms of the Collective Investments Schemes Control Act, No 45 of 2002 and is a full member of the Association

for Savings and Investment SA.

Collective Investment Schemes in securities are generally medium to long term investments. The value of participatory

interests may go up or down and past performance is not necessarily an indication of future performance. The Manager does

not guarantee the capital or the return of a portfolio. Collective Investments are traded at ruling prices and can engage in

borrowing and scrip lending. A schedule of fees, charges and maximum commissions is available on request. BCI reserves the

right to close and reopen certain portfolios from time to time in order to manage them more efficiently. Additional

information, including application forms, annual or quarterly reports can be obtained from BCI, free of charge. Should a

performance fee be applicable, the performance fees will be calculated and accrued on a daily basis based upon the daily

outperformance, in excess of the benchmark, multiplied by the share rate and paid over to the manager monthly.

Performance figures quoted are from Morningstar, as at the date of this document for a lump sum investment, using NAV-

NAV with income reinvested and do not take any upfront manager’s charge into account. Income distributions are declared

on the ex-dividend date. Actual investment performance will differ based on the initial fees charge applicable, the actual

investment date, the date of reinvestment and dividend withholding tax. A fund of funds is a portfolio that invests in

portfolios of collective investment schemes that levy their own charges, which could result in a higher fee structure.

Contact Information

45

mailto:[email protected]

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