Maru Capped SWIX Enhanced Fund Fact Sheet

Fund Details
Fund Sector
SA – Equity – General
Assets Under Management (R m) (Mar 2019)
R1 R 4 400%
Number of Accounts (Mar 2019)
10 0 0%
Fund Asset Allocations (R m)
Sector Mar 2019 Dec 2018
Equities R 0 R 5
    Local    R 0    R 5
    Foreign    R 0    R 0
Cash Instr. R 1 R 0
    Local    R 1    R 0
    Foreign    R 0    R 0
Property R 0 R 0
On FoF R 0 R 0
Fund Investment Aims, Objective and/or Universe
The primary objective of the fund is to consistently outperform the Capped Swix index over 3 years, using a passive product with an enhanced valuation based add on while maintaining index like risk parameters.In reaching the investment objective the manager remains cognisant of the construction and weightings of the instruments in the Capped Swix Index and then enhances the returns generated from the Capped SWIX construction by taking active positions in the large capitalisation securities.The large capitalisation securities consists of the Top 60-65 shares in the CAPPED SWIX, based on market capitalisation and liquidity.

The remaining positions in the CAPPED SWIX will be weighted relative to the index with no active position (no over or under weight).With this process we are able to generate alpha whilst always remaining sector neutral in the CAPPED SWIX and benchmark cognisant.The fund will invest a minimum of 90% of market value of the fund in equities at all times.Apart from instruments included above investments to be included in the fund will, apart from assets in liquid form, also consist of participatory interests in funds of collective investment schemes registered in the Republic of South Africa.The fund will also be allowed to invest in listed and unlisted financial instruments (derivatives) as allowed by the Act from time to time.The Manager shall be permitted to invest on behalf of the fund in offshore investments as legislation permits.
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