multimanager-aggressive - Liberty
multimanager-aggressive - Liberty
multimanager-aggressive - Liberty
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Excelsior Multi-Manager Aggressive Portfolio<br />
31 August 2012<br />
Portfolio Mandate<br />
Performance<br />
The Portfolio aims to produce a risk/return profile consistent with that<br />
required by an <strong>aggressive</strong> investor. Aggressive investors are long-term<br />
investors who want high capital growth. Substantial year-to-year<br />
fluctuations in value are acceptable in exchange for a potentially high<br />
long-term return.<br />
Portfolio facts<br />
140<br />
120<br />
Return<br />
Benchmark<br />
Portfolio manager<br />
Malcolm Holmes<br />
100<br />
Inflation<br />
Management company<br />
STANLIB Multi-Manager<br />
80<br />
Portfolio type<br />
Dec07<br />
Mar08<br />
Jun08<br />
Sep08<br />
Dec08<br />
Mar09<br />
Jun09<br />
Sep09<br />
Dec09<br />
Mar10<br />
Jun10<br />
Sep10<br />
Dec10<br />
Mar11<br />
Jun11<br />
Sep11<br />
Dec11<br />
Mar12<br />
Jun12<br />
Aug12<br />
Launch date July 2002<br />
*5 year cumulative performance based on untaxed fund class.<br />
Portfolio Size<br />
R573 million<br />
Returns<br />
Benchmark 90% FTSE/JSE Shareholder Weighted Index +<br />
10% BESA All Bond Index<br />
Guarantee available<br />
An optional guarantee is available on this<br />
portfolio<br />
The performance of the portfolio benchmark over time provides the basis which the portfolio manager will<br />
be measured.<br />
Please consult the current portfolio grid for any current restrictions on the availability of portfolios for new<br />
business and switching.<br />
Who should invest in this portfolio<br />
This portfolio is suited to the investor who:<br />
- wants to achieve real return of 4.5% p.a. over their investment horizon<br />
after the deduction of tax but before any <strong>Liberty</strong> Life charges and fees<br />
have been deducted<br />
- has an investment horizon of at least 10 years<br />
- is prepared to accept significant fluctuations in returns from year to year<br />
6 Months 1 Year 2 Years 3 Years 5 Years Since<br />
Inception<br />
Taxed 5.77% 16.63% 15.14% 13.90% 8.10% 15.99%<br />
RA 4.13% 17.48% 15.73% 14.39% 8.38% 16.79%<br />
Untaxed 4.13% 17.48% 15.73% 14.39% 8.38% 16.83%<br />
Company 7.42% 15.81% 14.57% 13.42% 7.91% 15.30%<br />
Benchmark 8.03% 20.53% 18.41% 16.47% 9.14% N/A<br />
Inflation 3.19% 8.92% 8.38% 10.75% 10.34%<br />
Please Note: The above investment returns are after four-fund tax has been deducted but before<br />
any <strong>Liberty</strong> Life charges have been deducted, with applicable distributions reinvested and are on a<br />
sell-to-sell basis. The performance above are inclusive of any underlying manger charges. They are<br />
applicable to single contributions and are for Excelsior 200,300 and 500 Series products (where<br />
applicable) for the periods above. Investment returns for periods less than one year are not<br />
annualised.<br />
Risk Profile<br />
Asset Allocation<br />
Asset Class<br />
Equity Excluding Property<br />
Weighting<br />
87.20%<br />
No adjustment has been made to the above risk profile for the guaranteed<br />
version of the portfolio. If a guarantee is selected on the portfolio, then the<br />
risk profile will be lower, provided the investor remains in the guaranteed<br />
portfolio for the duration of its guaranteed term.<br />
What return is this portfolio designed to achieve<br />
Investment horizon to achieve expected return Expected Returns*<br />
10 years CPI + 4.5% p.a.<br />
The Consumer Price Index (CPI) measures the increase in the price of the basket of goods an<br />
average family would buy over a specified period of time.<br />
*Expected return is after the deduction of tax but before any <strong>Liberty</strong> Life charges and fees have been<br />
deducted.<br />
Property<br />
1.55%<br />
Bonds<br />
9.83%<br />
Cash<br />
1.42%<br />
Commodities<br />
0.00%<br />
Alternatives<br />
0.00%<br />
Balanced Pooled Funds<br />
0.00%<br />
Total 100.00%<br />
Industry Sector<br />
50.00%<br />
46.72<br />
Disclaimer<br />
1.<br />
2.<br />
The information contained in this document does not constitute advice<br />
by <strong>Liberty</strong> Life. Whilst every attempt has been made to ensure that<br />
accuracy of the information contained herein, <strong>Liberty</strong> Life cannot be<br />
held responsible for any errors that may occur.<br />
Past performance cannot be relied on as an indicator of future<br />
performance.<br />
40.00%<br />
30.00%<br />
20.00%<br />
21.11<br />
31.96<br />
3.<br />
4.<br />
5.<br />
Investment performance will depend on the growth in the underlying<br />
assets, which will be influenced by inflation levels in the economy and<br />
prevailing market conditions. Source: <strong>Liberty</strong> Life, STANLIB.<br />
<strong>Liberty</strong> Group Ltd - an Authorised Financial Services Provider in terms<br />
of the FAIS Act (licence no.2409)<br />
<strong>Liberty</strong> Active Ltd - an Authorised Financial Services Provider in terms<br />
of the FAIS Act (licence no.10332)<br />
10.00%<br />
0.00%<br />
FINANCIALS<br />
INDUSTRIALS<br />
0.21<br />
OTHER SECURITIES<br />
RESOURCES<br />
Page 1 of 2
Excelsior Multi-Manager Aggressive Portfolio<br />
31 August 2012<br />
Underlying Building Block Weightings<br />
Excelsior Multi-Manager Aggressive<br />
Portfolio<br />
Equities<br />
Bonds<br />
9.65%<br />
Equity Local<br />
Bond Local<br />
0.23%<br />
0.24%<br />
9.95%<br />
10.05%<br />
14.27%<br />
20.08%<br />
15.53%<br />
Coronation Equity AM<br />
Foord Equity AM<br />
Oasis Equity AM<br />
Kagiso AM<br />
Mazi Capital Equity - AM<br />
Afena Equity AM<br />
Element Earth AM<br />
0.04%<br />
0.09%<br />
18.81%<br />
25.56%<br />
29.74%<br />
Prescient Bond Fund AM<br />
Cadiz African Harvest Bond AM<br />
Coronation Bond Fund AM<br />
Future Growth Bond AM<br />
Banker<br />
90.35%<br />
14.60% 15.06%<br />
Banker<br />
Transition Account<br />
25.75%<br />
Transition Account<br />
Cash<br />
28.76%<br />
39.69%<br />
Prescient Banker AM<br />
Taquanta Banker AM<br />
OMIGSA Banker AM<br />
31.55%<br />
Top 10 Equity Holdings<br />
MTN GROUP LIMITED 7.24%<br />
SASOL LIMITED 6.87%<br />
ANGLO AMERICAN PLC 6.08%<br />
STANDARD BANK GROUP LIMITED 5.99%<br />
BHP BILLITON PLC 5.18%<br />
BRITISH AMERICAN TOBACCO PLC 3.44%<br />
NASPERS LIMITED 3.21%<br />
OLD MUTUAL PLC 2.51%<br />
COMPAGNIE FINANCIERE RICHMONT 2.15%<br />
IMPALA PLATINUM HOLDINGS LIMIT<br />
Total<br />
2.14%<br />
44.81%<br />
Page 2 of 2
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