BREXITS Value Fund

SA Unit Trust


Latest NAV Price - March 23, 2023


Dealing currency


NAV daily change %

ZAR 3.65 B

Fund size - March 23, 2023


Investment objective summary

The Fund aims to provide capital growth over the long term

The Fund invests primarily in equities (e.g. company shares) that are trading below the rating (e.g. share price divided by company earnings) at which they traditionally traded in the past, relative to the market. The Fund also invests in shares trading at a discount to the net asset value of the company. The Fund will invest a minimum of 10% of its value in foreign equities up to a maximum of 30%,

other investments may include the units of other funds (including foreign funds) and derivatives (financial contracts whose value is linked to the price of an underlying asset)


Fund features

An equity-only fund where the manager prefers to buy out-of-favor, undervalued stocks which may lag the rest of the market for long periods. This means the Fund should be considered as a long-term investment to be held through an entire market cycle

Takes concentrated positions in stocks, which may lead to significant exposure to a particular sector or industry

Relative to the ALSI, periods of outperformance from purist value portfolios tend to be short and sharp, while periods of underperformance can be long. The Fund’s long-term track record of meaningful outperformance must be viewed in this context