Solutions slides wix test

1. PSG WEALTH SOLUTIONS FEEDBACK
31 October 2017
The world is constantly turning. We
know how important it is to keep up.
That’s why we continually expand our
insurance and investment offerings,
that’s how we keep your best interests
at heart.

2. PSG Wealth
Part 1: Market backdrop
Adriaan Pask, PhD
Chief Investment Officer

3. Page 3
Introduction
The previous 3 years have been tough!
• Investors expectations were perhaps a bit high following 2009-early 2015
• Global economic growth slowed
• Politicians dictated terms on a macro level
• None of the above was good for investors over this period
On the positive side, we expect improved conditions from here on in
• International politics are settling to an extent
• SA politics less disruptive to global markets than to “SA Inc. investments”
• We think selected equities are actually quite cheap right now
• Earnings are recovering
• Active managers are outperforming
• Fundamental research is being rewarded
• Sentiment is poor
• All of the above support a case for better investment outcomes

4. Page 4
Emerging markets & commodity prices
Global growth
• Emerging markets showing signs of recovery
• Commodity exporters the biggest beneficiaries
• The World Bank is forecasting 2.0% for SA by 2019.
• We believe economic growth will bottom out in Q3 2017

5. Page 5
Inflation + Unemployment
South African Misery Index

6. Page 6
SA Equities: Historic PE Ratio
15 Years

7. Page 7
Tactical Preferences Diagram

8. Page 8
PSG Multi-Management Process
Research process Performance evaluation
IDEA GENERATION
Objective: Flag
potential solutions
• Research screen the principle quantitative
technique
• Committee members responsible for
qualitative ideas
DUE DILIGENCE
Objective: Research
potential solutions
• Due diligence performed on screen ideas
• Results presented to the committee
IDEA DISMISSED / ADDED TO BENCH
Objective: Solution
identified for inclusion
on short notice, if
needed
• Manager presented to the committee
• Further case specific quantitative analysis
• Fund approved/rejected as adequate
alternative
ADD MANAGER TO THE “RADAR SCREEN”
Objective: Flag
underperformance
• Underperformance over all periods up to 1
year
PRESENTATION BY THE MANAGER
Objective:
Reassessment of
manager
• Presentation by manager
• Replaced or monitored for further 3 months
DISINVESTMENT / REPLACEMENT OF MANAGER
Objective:
Disinvestment /
replacement of
manager
• Risk posed by a change in philosophy, process
manager or team
• Strong belief that above reason will lead to
future underperformance
• Due diligence indicates superior substitute is
available

9. Page 9
PSG Multi-Management Disinvestment Policy
1. PERFORMANCE MONITORING PROCESS
Funds that underperform relevant to their benchmarks over 1 month, 3
months, 6 months and 1 year (all inclusive) are added to the radar
screen and investigated.
During this investigation it is important to establish whether the
underperformance is due to a view that, although justified, has been
unsuccessful, or whether the underperformance is due to a radical view
that is unlikely to realise.
2. THREATS THAT MAY COMPROMISE FUTURE PERFORMANCE
Additional aspects that may result in future underperformance are also
aspects that need to be evaluated, such as announced changes in
investment process, philosophy, management or management style as
well as fee structure changes, mandate changes and similar disclosed
structural amendments to an investment house or one of its portfolios.
3. RISK MANAGEMENT PROCESS
Before it can be confirmed that one or more of these risks are present,
an interview must be performed with the relevant manager. The
purpose of the interview is therefore to ascertain whether future
performance of the portfolio is at risk.
4. DECISION MAKING PROCESS
Once the interview has been concluded the multi-manager should make
one of three decisions:
• Retain position with default restrictions
• Retain position with custom restrictions
• Disinvest
Investigate the possible impact of disinvestment and substitution on
the overall solution, including the impact on the asset allocation, fees
and other areas of concern.
5.DECISION IMPLEMENTATION PROCESS
All disinvestment and new-investment decisions must be implemented
by way of a phasing-in and/or-out approach. The multi-manager will by
default, phase its transactions over a period of 4 weeks, unless specified
otherwise.
6. CONCLUSION
A disciplined approach within a predetermined framework for decision
making is followed when implementing the risk management process
and when considering disinvestment from a portfolio.

10. Page 10
PSG WEALTH ENHANCED INTEREST FUND

11. Page 11
PSG Wealth Enhanced Interest Fund: Highlights
• Top quartile performance over all periods greater than three months.
• Outperformed its benchmark over all periods since inception.
• Outperformed the benchmark over all rolling 12-month periods since
inception.

12. Page 12
PSG Wealth Enhanced Interest Fund
• Progress report on pending switches
No feedback outstanding.
• Feedback on funds on quantitative radar screen
No funds on the quantitative radar screen.
• Feedback on funds on qualitative radar screen
No funds on the qualitative radar screen.
• Feedback on fund-specific research
No feedback outstanding.

13. Page 13
PSG Wealth Enhanced Interest Fund: Composition
Actual as at 31 October 2017
PSG Wealth
Enhanced Interest
R Value (Mil) %
Total Value R 2 574,1 100,0%
SA IB Short Term Funds and Segregated Accounts Fund Manager R 2 547,1 99,0%
STANLIB Enhanced Yield Ansie van Rensburg R 486,4 18,9%
Nedgroup Core Income Taquanta R 486,3 18,9%
Prescient Yield QuantPlus Frazana Bayat R 486,5 18,9%
PSG AM* Hein Dietzsch R 1 088,0 42,3%
Cash and Bank Accounts R 27,0 1,0%
* Segregated accounts
STANLIB
Enhanced
Yield, 18.9%
Nedgroup
Core Income,
18.9%
Prescient
Yield
QuantPlus,
18.9%
PSG AM*,
42.3%
Cash and Bank
Accounts, 1.0%

14. Page 14
PSG Wealth Enhanced Interest Fund: 1 YEAR

15. Page 15
PSG Wealth Enhanced Interest Fund: Performance Since
Inception

16. Page 16
PSG Wealth Enhanced Interest Fund: Short-term Rolling
Returns

17. Page 17
PSG Wealth Enhanced Interest Fund: Long-term Rolling
Returns

18. Page 18
PSG Wealth Enhanced Interest Fund D: Best, Worst and
Average Rolling Returns

19. Page 19
PSG Wealth Enhanced Interest Fund: Performance
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
8.00%
9.00%
1 Month 3 Months 6 Months 1 Year 2 Years 3 Years 5 Years 7 Years
PSG Wealth Enhanced Interest D Nedgroup Inv Core Income B Prescient Yield QuantPlus A1
PSG AM* STANLIB Enhanced Yield A South African IB Money Market Sector Average

20. Page 20
PSG Wealth Enhanced Interest Fund: Excess Performance
0.00%
0.10%
0.20%
0.30%
0.40%
0.50%
0.60%
0.70%
0.80%
1 Month 3 Months 6 Months 1 Year 2 Years 3 Years 5 Years 7 Years
PSG Wealth Enhanced Interest D Nedgroup Inv Core Income B Prescient Yield QuantPlus A1 PSG AM* STANLIB Enhanced Yield A

21. Page 21
PSG Wealth Enhanced Interest Fund: Excess Performance
(Radar Screen Periods)
0.00%
0.10%
0.20%
0.30%
0.40%
0.50%
0.60%
0.70%
0.80%
1 Month 3 Months 6 Months 1 Year
PSG Wealth Enhanced Interest D Nedgroup Inv Core Income B Prescient Yield QuantPlus A1 PSG AM* STANLIB Enhanced Yield A

22. Page 22
PSG Wealth Enhanced Interest Fund: Relative Performance
(Illustrative ranking against Money Market Funds)
Name:
1Monthto
2017/10/31
Rank
3Monthsto
2017/10/31
Rank
6Monthsto
2017/10/31
Rank
1Yearto
2017/10/31
Rank
2Yearsto
2017/10/31
Rank
3Yearsto
2017/10/31
Rank
4Yearsto
2017/10/31
Rank
5Yearsto
2017/10/31
Rank
7Yearsto
2017/10/31
Rank
PSG Wealth Enhanced Interest D 0,66 1,98 4,06 8,20 8,03 7,60 7,14 6,82
Illustrative ranking against Money Market Funds 1 1 1 1 1 1 1 1
PSG AM* 0,67 2,03 4,14 8,46 8,28 7,86 7,43 7,05
Nedgroup Inv Core Income B 0,67 9 2,00 18 4,15 21 8,29 22 8,09 18 7,65 16 7,10 18 6,81 16 6,66 12
Prescient Yield QuantPlus A1 0,64 16 1,96 22 4,14 22 8,24 24 8,07 19 7,62 18 7,20 13 7,00 11 6,68 11
STANLIB Enhanced Yield A 0,64 17 1,92 24 4,00 26 8,10 28 7,86 25 7,37 25 6,85 22 6,60 22 6,46 14
South African IB Money Market Sector Average 0,62 32 1,85 32 3,82 32 7,78 30 7,56 27 7,15 25 6,77 24 6,44 24 6,18 24
Best performing Money Market Fund 0,66 2 1,96 2 3,95 3 8,13 2 7,73 6 7,26 8 6,84 8 6,50 7 6,22 9
PSG AM* 0,06 0,18 0,32 0,67 0,72 0,70 0,66 0,62
Nedgroup Inv Core Income B 0,06 0,15 0,33 0,51 0,53 0,49 0,33 0,38 0,48
Prescient Yield QuantPlus A1 0,03 0,10 0,32 0,45 0,51 0,47 0,43 0,56 0,50
STANLIB Enhanced Yield A 0,02 0,06 0,18 0,32 0,30 0,21 0,08 0,16 0,27

23. Page 23
PSG Wealth Enhanced Interest Fund: Asset Allocation
PSG WEALTH ENHANCED INTEREST FUND
Stanlib
Enhanced Yield
Nedgroup Core
Income
Prescient Yield
QuantPlus
PSG Asset
Management
Cash Total
Weight 18,90% 18,89% 18,90% 42,27% 1,05% 100%
Domestic
Resources
Financials (excl. Real Estate)
Industrials
Other Equities
Equity Hedges( + Long/ - Short)
Total Equities (excl. Real Estate)
Real Estate
Preference shares
Inflation Linked bonds
Bonds 7+ yrs
Bonds 3-7 yrs
Bonds 1 - 3 yrs
Cash, Derivatives & Money Market 100,0 100,0 100,0 100,0 100,0 100,0
Total Non-equities (incl. Real Estate) 100,0 100,0 100,0 100,0 100,0 100,0
Foreign
Equities
Real Estate
Bonds
Other
Cash, Derivatives & Money Market
Total foreign
Total
Total 100,0 100,0 100,0 100,0 100,0 100,0
Total Equities
Domestic
Foreign
Total Non-equities 100,0 100,0 100,0 100,0 100,0 100,0
Domestic 100,0 100,0 100,0 100,0 100,0 100,0
Foreign
Total Domestic 100,0 100,0 100,0 100,0 100,0 100,0
Total Foreign

24. Page 24
PSG Wealth Enhanced Interest Fund: Asset Allocation
0
10
20
30
40
50
60
70
80
90
100
0
10
20
30
40
50
60
70
80
90
100
Domestic Equity Domestic Bonds Domestic
Property
Domestic Cash
and Money
Market
Domestic Other Foreign Equity Foreign Bonds Foreign
Property
Foreign Cash
and Money
Market
Foreign Other
Stanlib Enhanced Yield Nedgroup Core Income Prescient Yield QuantPlus PSG Asset Management PSG Wealth Enhanced Interest Fund

25. Page 25
PSG Wealth Enhanced Interest Fund: Instrument
Allocation

26. Page 26
PSG Wealth Enhanced Interest Fund: Instrument
Allocation
Weighted average days to Maturity: 110 days
Credit Rating %
Cash 22,9%
AAA 7,4%
AA+ 3,5%
AA 59,4%
AA- 1,0%
A+ 0,4%
A 4,8%
A- 0,0%
BBB+ 0,0%
BBB 0,0%
BBB- 0,0%
Other 0,6%
PORTFOLIO TOTAL 100,00%

27. Page 27
PSG Wealth Enhanced Interest Fund: TER
0.47
0.48
0.49
0.50
0.51

28. Page 28
PSG WEALTH GLOBAL CREATOR FUND OF FUNDS

29. Page 29
PSG Wealth Global Creator FOF: Custom Investment
Universe Process
Global open-ended fund universe: 230 329 funds
Global Broad Category Group - Equity:
87 621 funds
UCITS Funds denominated in USD or
Pound Sterling: 17 718 funds
Minimum fund size in USD 100
million: 11 846 funds
3 year track record:
7 994 funds
Lowest TER class
of each fund:
1 836 funds
Remove
Constrained
portfolios:
298 funds

30. Page 30
PSG Wealth Global Creator FOF: Custom Investment
Universe Process
• Constrained portfolios
 Investment constraints (regions, sectors etc.)
 Operational constraints (FoFs, sales regions, access to information etc.)
 FSB approval constraints (non-UCITS; hedge funds etc.)
• Advantages
 A more realistic ongoing management and review process
 A more transparent process
 A process that improves accountability and drives quality
 A more appropriate peer group ranking
Creator
150
funds Global
Creator
298
funds

31. Page 31
PSG Wealth Global Creator FOF: Highlights
• Top quartile performance over 3 and 4 years.
• Outperforms the peer group 100% of the time over 3-year rolling periods
• Outperformed the peer group by an average of 2.70% over 3-year rolling
periods
• Outperforms the peer group 84% of the time over 12-month rolling periods
• Outperformed the peer group by an average of 2.15% over 12-month rolling
periods

32. Page 32
PSG Wealth Global Creator FOF
• Progress report on pending switches
No feedback outstanding.
• Feedback on funds on quantitative radar screen
Vulcan Value Equity added to the radar screen.
Schroder ISF QEP Global Core added to the radar screen.
Investec GSF Global Franchise removed from the radar screen.
• Feedback on funds on qualitative radar screen
Schroder ISF QEP Global Core added to the qualitative radar screen.
• Feedback on fund-specific research
No feedback outstanding.

33. Page 33
PSG Wealth Global Creator FOF: Composition
Actual as at 31 October 2017
PSG Wealth Global
Creator FoF
$ Value (Mil) %
Total Value $ 412,88 100,0%
Offshore Equity Funds Fund Manager $ 410,80 99,5%
Goldman Sachs Global Equity Fund Global Equity Partners Team $ 45,29 11,0%
Investec Global Franchise Fund Clyde Rossouw $ 44,32 10,7%
Nedgroup Global Equity Fund Veritas Asset Management $ 45,38 11,0%
BlackRock Developed World Index Fund BlackRock AM Ireland Ltd $ 45,64 11,1%
Schroder International QEP Fund Global Equities Team $ 45,40 11,0%
Threadneedle Global Select Fund William Davies $ 46,19 11,2%
Fundsmith Equity Fund Terry Smith $ 46,97 11,4%
T. Rowe Price Global Focused Growth Equity Fund David J. Eiswert $ 46,48 11,3%
Vulcan Value Equity Fund Vulcan Value Partners $ 45,15 10,9%
Offshore Cash $ 2,08 0,5%
Goldman
Sachs Global
Equity Fund,
11.2%
Investec
Global
Franchise
Fund, 10.8%
Nedgroup
Global Equity
Fund, 11.0%
BlackRock
Developed
World Index
Fund, 11.1%
Schroder
International
QEP Fund,
10.8%
Threadneedle
Global Select
Fund, 11.2%
Fundsmith
Equity Fund,
10.9%
T. Rowe Price
Global Focused
Growth Equity
Fund, 11.1%
Vulcan Value
Equity Fund,
11.0%
Offshore Cash,
0.9%

34. Page 34
PSG Wealth Global Creator FOF: 1 Year Performance (USD)

35. Page 35
PSG Wealth Global Creator FOF: Performance Since
Inception (USD)

36. Page 36
PSG Wealth Global Creator FOF: Short-term Rolling
Returns (USD)

37. Page 37
PSG Wealth Global Creator FOF: Long-term Rolling Returns
(USD)

38. Page 38
PSG Wealth Global Creator FOF D (USD): Best, Worst and
Average Rolling Returns

39. Page 39
PSG Wealth Global Creator FOF: Performance (USD)
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
1 Month 3 Months 6 Months 1 Year 2 Years 3 Years 4 Years 5 Years
PSG Wealth Global Creator FoF D Fundsmith Equity I Acc T. Rowe Price Global Focused Gr Eq I USD
Nedgroup Inv Funds Global Equity A Acc Threadneedle Global Select Ins Acc USD Schroder ISF QEP Global Core C Acc
Investec GSF Glb Franchise A Acc USD iShares Dev Wld Idx (IE) Instl Acc USD GS Glbl Equity Partners P Acc
Vulcan Value Equity USD II Acc GIFS Global Large-Cap Blend Equity (USD) Custom Investment Universe

40. Page 40
PSG Wealth Global Creator FOF: Excess Performance (USD)
-6.00%
-4.00%
-2.00%
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
1 Month 3 Months 6 Months 1 Year 2 Years 3 Years 4 Years 5 Years
PSG Wealth Global Creator FoF D Fundsmith Equity I Acc T. Rowe Price Global Focused Gr Eq I USD
Nedgroup Inv Funds Global Equity A Acc Threadneedle Global Select Ins Acc USD Schroder ISF QEP Global Core C Acc
Investec GSF Glb Franchise A Acc USD iShares Dev Wld Idx (IE) Instl Acc USD GS Glbl Equity Partners P Acc
Vulcan Value Equity USD II Acc

41. Page 41
PSG Wealth Global Creator FOF: Excess Performance (USD)
(Radar Screen Periods)
-6.00%
-4.00%
-2.00%
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
1 Month 3 Months 6 Months 1 Year
PSG Wealth Global Creator FoF D Fundsmith Equity I Acc T. Rowe Price Global Focused Gr Eq I USD
Nedgroup Inv Funds Global Equity A Acc Threadneedle Global Select Ins Acc USD Schroder ISF QEP Global Core C Acc
Investec GSF Glb Franchise A Acc USD iShares Dev Wld Idx (IE) Instl Acc USD GS Glbl Equity Partners P Acc
Vulcan Value Equity USD II Acc

42. Page 42
PSG Wealth Global Creator FOF: Relative Performance (USD)
Name:
1Monthto
2017/10/31
Rank
3Monthsto
2017/10/31
Rank
6Monthsto
2017/10/31
Rank
1Yearto
2017/10/31
Rank
2Yearsto
2017/10/31
Rank
3Yearsto
2017/10/31
Rank
4Yearsto
2017/10/31
Rank
5Yearsto
2017/10/31
Rank
PSG Wealth Global Creator FoF D 2,1 104 3,0 193 8,8 167 22,3 151 10,5 120 8,0 106 7,7 116
Fundsmith Equity I Acc 4,7 2 5,5 43 13,1 26 29,9 14 17,8 2 16,8 2 16,4 2 18,4 2
T. Rowe Price Global Focused Gr Eq I USD 3,8 13 4,9 67 11,7 44 28,6 24 16,3 10 13,1 7 13,0 6 16,6 5
Threadneedle Global Select Ins Acc USD 3,1 36 6,1 26 13,8 20 26,4 41 12,3 51 10,1 37 9,5 40 12,5 46
Nedgroup Inv Funds Global Equity A Acc 0,2 249 0,7 260 8,1 191 24,3 81 11,0 105 8,0 108 8,4 76 10,5 124
Vulcan Value Equity USD II Acc 0,1 251 0,3 266 4,6 263 21,4 169 8,9 171 5,7 203 8,3 81
iShares Dev Wld Idx (IE) Instl Acc USD 1,9 127 4,3 101 9,5 131 22,9 138 11,5 80 8,1 96 8,2 87 11,5 77
Investec GSF Glb Franchise A Acc USD 1,9 134 1,9 238 7,0 218 17,9 226 9,3 156 9,0 66 8,1 96 9,9 163
Schroder ISF QEP Global Core C Acc 1,6 167 3,1 183 6,7 234 19,4 197 10,4 126 7,1 154 7,2 133 10,5 125
GS Glbl Equity Partners P Acc 0,9 222 2,5 220 9,5 130 21,0 177 7,7 212 5,8 197 6,1 182 10,5 122
GIFS Global Large-Cap Blend Equity (USD) 1,7 3,7 9,5 21,6 9,5 6,2 5,4 8,4
MSCI World NR USD 1,9 4,3 9,5 22,8 11,5 8,1 8,3 11,6
Custom Investment Universe 2,4 271 4,5 271 9,8 271 17,8 270 13,2 268 6,8 268 7,7 267 10,0 246
Fundsmith Equity I Acc 3,1 1,8 3,6 8,4 8,3 10,6 11,0 10,0
T. Rowe Price Global Focused Gr Eq I USD 2,2 1,2 2,3 7,1 6,8 6,9 7,6 8,2
Threadneedle Global Select Ins Acc USD 1,4 2,3 4,4 4,9 2,8 3,9 4,1 4,1
Nedgroup Inv Funds Global Equity A Acc -1,5 -3,0 -1,4 2,7 1,4 1,8 3,0 2,1
Vulcan Value Equity USD II Acc -1,5 -3,5 -4,9 -0,1 -0,6 -0,5 2,9
iShares Dev Wld Idx (IE) Instl Acc USD 0,2 0,6 0,1 1,3 2,0 1,9 2,8
Investec GSF Glb Franchise A Acc USD 0,2 -1,8 -2,4 -3,7 -0,2 2,8 2,7 1,5
Schroder ISF QEP Global Core C Acc -0,1 -0,6 -2,8 -2,1 0,8 0,9 1,8 2,1
GS Glbl Equity Partners P Acc -0,8 -1,2 0,1 -0,6 -1,9 -0,4 0,7 2,1
Average Excess Return 0,4 -0,5 -0,1 2,0 2,2 3,1 4,1 4,3

43. Page 43
PSG Wealth Global Creator FOF: Bench
Name:
1Monthto
2017/10/31
Rank
3Monthsto
2017/10/31
Rank
6Monthsto
2017/10/31
Rank
1Yearto
2017/10/31
Rank
2Yearsto
2017/10/31
Rank
3Yearsto
2017/10/31
Rank
4Yearsto
2017/10/31
Rank
5Yearsto
2017/10/31
Rank
PSG Wealth Global Creator FoF D 2,1 104 3,0 193 8,8 167 22,3 151 10,5 120 8,0 106 7,7 116
Bench
Acadian Glbl Mgd Vol Eq UCITS A USD 0,9 221 1,7 245 6,1 245 17,4 232 9,9 148 9,4 49 9,2 49 10,8 112
Dodge & Cox Worldwide Global Stk USD Acc -0,3 260 2,1 236 6,9 223 24,1 86 14,1 22 7,5 133 8,7 67 13,1 33
MFS® Inv Global Equity USD Acc 1,3 187 3,1 190 8,8 164 23,2 123 11,6 77 9,1 61 8,5 70 12,4 47
Vanguard Global Stock Idx Ins USD 1,9 121 4,3 104 9,5 135 22,7 143 11,3 91 8,0 110 8,1 95 11,4 84
St James's Place Global Acc 2,0 110 4,3 107 9,8 111 23,9 91 11,4 85 8,5 85 7,8 111 11,9 62
IP Global Opportunities 1,3 182 5,0 63 12,1 36 31,0 10 13,8 26 10,0 40 7,7 118 13,9 21
Wells Fargo (Lux) WF Global Eq I USD Acc 0,6 240 2,4 227 9,6 129 24,9 66 10,4 122 7,8 120 6,8 153 9,9 152
BlackRock Global Equity D Acc 0,6 236 2,9 201 7,0 221 19,0 204 8,6 180 6,3 177 5,5 206 8,8 191
IP Global Equity Acc 1,1 203 5,0 64 12,9 28 27,3 34 9,5 152 7,1 153 5,4 209 11,0 96
Templeton Global I(acc)USD 0,6 239 1,0 256 7,1 217 19,3 200 7,2 224 4,2 238 3,9 232 9,9 155
GIFS Global Large-Cap Blend Equity (USD) 1,7 3,7 9,5 21,6 9,5 6,2 5,4 8,4
Custom Investment Universe 2,4 271 4,5 271 9,8 271 17,8 270 13,2 268 6,8 268 7,7 267 10,0 246
Acadian Glbl Mgd Vol Eq UCITS A USD -0,8 -2,0 -3,4 -4,1 0,4 3,2 3,8 2,4
Dodge & Cox Worldwide Global Stk USD Acc -1,9 -1,6 -2,6 2,5 4,5 1,3 3,2 4,7
MFS® Inv Global Equity USD Acc -0,4 -0,7 -0,6 1,6 2,1 2,9 3,1 4,0
Vanguard Global Stock Idx Ins USD 0,3 0,6 0,0 1,1 1,8 1,8 2,7 3,0
St James's Place Global Acc 0,3 0,5 0,4 2,4 1,9 2,3 2,4 3,5
IP Global Opportunities -0,3 1,3 2,7 9,5 4,3 3,8 2,2 5,5
Wells Fargo (Lux) WF Global Eq I USD Acc -1,1 -1,4 0,1 3,4 0,9 1,6 1,4 1,6
BlackRock Global Equity D Acc -1,1 -0,8 -2,5 -2,6 -0,9 0,2 0,0 0,5
IP Global Equity Acc -0,6 1,2 3,4 5,7 0,0 0,9 0,0 2,6
Templeton Global I(acc)USD -1,1 -2,8 -2,4 -2,2 -2,4 -2,0 -1,5 1,5

44. Page 44
PSG Wealth Global Creator FOF: Asset Allocation
0
10
20
30
40
50
60
70
80
90
100
0
10
20
30
40
50
60
70
80
90
100
Domestic Equity Domestic Bonds Domestic
Property
Domestic Cash
and Money
Market
Domestic Other Foreign Equity Foreign Bonds Foreign PropertyForeign Cash and
Money Market
Foreign Other
Goldman Sachs Global Equity Investec Global Franchise Nedgroup Global Equity
iShares Developed World Index Schroders International QEP Threadneedle Global Select
Fundsmith Equity T. Rowe Price Global Focused Growth Vulcan Value Equity
PSG Wealth Global Creator FoF

45. Page 45
PSG Wealth Global Creator FOF: Equity Sector Allocation
0
10
20
30
40
50
60
70
80
90
100
0
10
20
30
40
50
60
70
80
90
100
Basic Materials Communication
Services
Consumer
Cyclical
Consumer
Defensive
Healthcare Industrials Technology Energy Financial
Services
Utilities
Goldman Sachs Global Equity Investec Global Franchise Nedgroup Global Equity iShares Developed World Index
Schroders International QEP Threadneedle Global Select Fundsmith Equity T. Rowe Price Global Focused Growth
Vulcan Value Equity PSG Wealth Global Creator FoF

46. Page 46
PSG Wealth Global Creator FOF: Asset Allocation
Goldman
Sachs Global
Equity
Investec
Global
Franchise
Nedgroup
Global Equity
iShares
Developed
World Index
Schroders
International
QEP
Threadneedle
Global Select
Fundsmith
Equity
T. Rowe Price
Global
Focused
Growth
Vulcan Value
Equity
International
cash
Total
Weight 10,97% 10,73% 10,99% 11,05% 11,00% 11,19% 11,38% 11,26% 10,94% 0,50% 100%
Equities
Real Estate
Bonds
Other
Cash, Derivatives & Money Market 0,0 0,0
Total Domestic 0,0 0,0
Basic Materials 1,7 5,1 5,2 2,7 3,9 2,1
Communication Services 6,0 2,9 5,1 1,8 1,7
Consumer Cyclical 6,9 8,7 6,1 12,1 9,9 9,7 3,9 17,9 10,5 9,5
Consumer Defensive 7,7 30,0 5,7 9,0 9,3 9,6 28,9 4,8 5,5 12,2
Healthcare 19,6 16,1 20,6 12,3 14,4 14,4 29,0 15,0 13,7 17,2
Industrials 20,7 6,4 18,8 11,5 9,7 11,3 9,0 6,6 4,0 10,8
Technology 11,9 20,2 17,3 16,3 18,3 22,5 27,4 30,3 28,3 21,3
Energy 4,2 6,3 7,3 6,9 2,4 6,3 3,7
Financial Services 17,0 12,9 8,3 18,4 17,6 19,8 16,2 20,5 14,4
Utilities 1,6 3,1 1,6 1,5 0,9
Other/Undisclosed 1,4 0,2
Total Equities (Excl. Real Estate) 89,7 94,3 84,3 96,9 98,4 100,1 98,2 98,6 88,9 93,9
Real Estate 6,6 3,1 1,2 2,5 1,5
Bonds
Other 0,4 0,0
Cash, Derivatives & Money Market 3,8 5,4 15,7 0,0 0,5 -0,1 1,8 1,4 8,6 100,0 4,6
Total Non-equities (incl. Real Estate) 10,3 5,7 15,7 3,1 1,6 -0,1 1,8 1,4 11,1 100,0 6,1
Total 100,0 100,0 100,0 100,0 100,0 100,0 100,0 100,0 100,0 100,0 100,0
Total Equities 89,7 94,3 84,3 96,9 98,4 100,1 98,2 98,6 88,9 93,9
Domestic
Foreign 89,7 94,3 84,3 96,9 98,4 100,1 98,2 98,6 88,9 93,9
Total Non-equities 10,3 5,7 15,7 3,1 1,6 -0,1 1,8 1,4 11,1 100,0 6,1
Domestic 0,0
Foreign 10,3 5,7 15,7 3,1 1,6 -0,1 1,8 1,4 11,1 100,0 6,1
Total Domestic 0,0
Total Foreign 100,0 100,0 100,0 100,0 100,0 100,0 100,0 100,0 100,0 100,0 100,0
PSG WEALTH GLOBAL CREATOR FOF
TotalDomesticForeign

47. Page 47
PSG Wealth Global Creator FOF: Currency And Regional
Exposure
USD
65.5%
GBP
8.9%
EUR
8.6%
YEN
5.4%
Others
11.7%
USA
60.3%
UK
8.4%
EU
14.7%
JAPAN
6.0%
Others
10.6%

48. Page 48
PSG Wealth Global Creator FOF: Top Ten Holdings
1.8%
1.8%
1.0%
0.9%
0.8%
0.8%
0.7%
0.7%
0.7%
0.7%
0.0% 0.5% 1.0% 1.5% 2.0%
Microsoft Corp
Alphabet Inc
Apple Inc
Oracle Corp
PayPal Holdings Inc
Johnson & Johnson
National Oilwell Varco Inc
Amazon.com Inc
Mastercard Inc
Comcast Corp
9,9%Top 10 Total =

49. Page 49
PSG Wealth Global Creator FOF: P/E Ratios
19.85
25.81 25.63
23.01
20.07
16.69
22.88
25.93
21.64
13.64
0.00
5.00
10.00
15.00
20.00
25.00
30.00
0.00
5.00
10.00
15.00
20.00
25.00
30.00
PSG Wealth
Global Creator
FoF D
GS Glbl Equity
Partners I USD
Acc
Investec GSF
Global
Franchise A Acc
Nedgroup Inv
Funds Global
Equity A Acc
BlackRock ISF
Dev Wld Idx
Sub $ Inst Acc
Schroder ISF
QEP Global
Core C Acc
Threadneedle
Glbl Select I
USD
Fundsmith
Equity I Acc
T. Rowe Price
Glbl Foc Grth
Eq I USD
Vulcan Value
Equity USD II
Acc
PSG Wealth Global Creator FoF & Underlyings: PE Ratios
MSCI World Index (20,84)

50. Page 50
PSG Wealth Global Creator FOF: 52 Week High Low
GS Glbl Equity Partners I USD Acc
Min: 10,5 / Max: 13,02 / Current: 12,87 / % Below High: -1,15%
NedgroupInv Funds Global Equity A Acc
Min: 1,51 / Max: 1,92 / Current: 1,91 / % Below High: -0,29%
Schroder ISF QEP Global Core C Acc
Min: 24,71 / Max: 30,09 / Current: 30,05 / % Below High: -0,14%
Vulcan Value Equity USD II Acc
Min: 119,93 / Max: 148,34 / Current: 147,33 / % Below High: -0,68%
PSG WealthGlobal Creator FoF D
Min: 1,31 / Max: 1,63 / Current: 1,63 / % Below High: -0,01%
Investec GSF Global FranchiseA Acc
Min: 40,34 / Max: 50,35 / Current: 49,9 / % Below High: -0,89%
iShares Dev WldIdx (IE) Inst Acc USD
Min: 14,15 / Max: 17,7 / Current: 17,7 / % Below High: 0%
Threadneedle Glbl SelectI USD
Min: 3,1 / Max: 4,02 / Current: 4,02 / % Below High: -0,02%
FundsmithEquity I Acc
Min: 2,78 / Max: 3,61 / Current: 3,58 / % Below High: -0,69%
T. Rowe Price Glbl Foc GrthEq I USD
Min: 16,52 / Max: 21,65 / Current: 21,65 / % Below High: 0%

51. Page 51
Questions?
Disclaimer: Affiliates of the PSG Wealth Group are authorised financial services
providers. The opinions expressed in this document are the opinions of the writer and
not necessarily those of PSG Wealth Group and do not constitute advice. Although the
utmost care has been taken in the research and preparation of this document, no
responsibility can be taken for actions taken on information in this document. Should
you require further information, please consult an adviser for a personalised opinion.
Vrywaring: Affiliale van die PSG Wealth Groep is gemagtigde finansiële dienste
verskaffers. Die opinies in hierdie dokument is dié van die skrywer en nie noodwendig
die van PSG Wealth Groep nie. Dit verteenwoordig nie advies nie. Alhoewel hoë sorg
geneem is in die navorsing en voorbereiding van hierdie dokument, kan geen
verantwoordelikheid geneem word vir enige optrede gebaseer op inligting in hierdie
dokument nie. Kontak derhalwe 'n adviseur indien u enige verdere inligting verlang of
vir persoonlike advies.