GRYPHON ALL SHARE TRACKER FUND
The objective of the fund is to track the performance of the South African All Share Index (Total Return). Our approach to index tracking differs from our peers in that we prioritise liquidity using a process called sampling that ensures reliable, liquid exposure to the South African equity market. Counters are considered liquid by the fund if 10% of the index weight can be bought/sold in a single day based on the average trade volumes of the last 60 days.
Companies that do not publish reliable accounts of their operations are reviewed by our credit committee and, as a result, may be omitted from holdings by the fund manager.
Sector exposures are aligned to index weightings as they appear in the index unless the sector itself is considered illiquid according to our stringent liquidity requirements and/or not significant enough to be included in the fund.
WHO SHOULD INVEST IN THIS FUND
Investors seeking diversified exposure to the South African equity market
The fund is ideal for creating a core equity component to which higher risk equity portfolios can be added
The Gryphon All Share Tracker Fund is a moderate/high-risk investment product.
Unemotional rules-based investing; vanilla-tracking
A quantitative model governs how exposures are allocated between most liquid counters
Sampling is used to keep trading costs down
Sector exposure is neutral as prescribed by the index thus ensuring the most efficient replication of the index
The fund holds only JSE listed stocks but not all earnings are generated domestically
Portfolio Managers: Casparus Treurnicht & Abri Du Plessis
Benchmark: South African All Share Index Total Return
Fees (Incl. VAT):
Annual Management Fee Fund A - 0.23%
Minimum lump sum | R2,000
Minimum debit order | R200 p.m.