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Vunani Fund Managers (Pty) Ltd

www.vunanifm.co.za

Company details

FAIS FSP registration number:

608

Switchboard:

+27 21 670 4900

Fax number:

+27 21 683 5788

General email: info@vunanifm.co.za

Address:

1st Floor, 5 Cavendish Street Claremont, 7708

PO Box 44586, Claremont, 7735

Compliance officer name:

Vuyiseka Kulati

Investment philosophy

Vunani Fund Managers (VFM) has a strong investment capability in the areas of absolute return (CPI + range), balanced, enhanced income, vanilla bond, ILB, core domestic equity, specialist equity, global equity capability, as well as property funds. Their investment philosophy is based on the use of inference as opposed to forecasting and the minimisation of drawdown risk across all product groups. To this end the following principles guide their investment process and philosophy

● Risk control. Their objective in each of their product groups is to deliver performance that exceeds the benchmark but with less-than-commensurate risk.

● Emphasis on consistency. They value consistency in everything they do. This includes delivering alpha as consistently as they are able to.

● Market efficiency. Unlike most market participants that believe that they possess some skill or are able to find inefficiencies in the market (and whilst this is possible in some cases), Vunani Fund Managers don’t believe it to be the primary source of long-term alpha generation.

● Specialisation. They believe that specialisation offers the surest path to the achievement of results.

● Macro-environment. Using inference as opposed to forecasting they extract the key values discounted by the market at any point in time and debate these. Their analysis shows that aggregate return expectations differ for both asset classes and companies in each of the three regimes identified within the macro-economic environment.

● Market timing. Whilst they do not seek to time the market or believe that it’s time in the market that counts, they focus their market timing decisions in the context of the potential for drawdown risk as defined by their composite macro indicator.

FAIS requirements

Who is your FAIS complaints officer?

Vuyiseka Kulati

Please provide the link to the complaints policy on your website: https://www.vunanifm.co.za/wp-content/ uploads/2022/03/

IPM310_Complaints-Procedure-Final-2021.x17238.pdf

Ownership

What is the ownership structure of the company?

Vunani Capital – 70%,

Vunani Fund Managers Staff Share Trust – 30%

Who are the directors of the company?

Executive Directors: Michelle Savage, Sarfaraz Narker Non-Executive Directors: Nathi Chonco (Chairman), Thobeka Bonoyi (Independent), Ethan Dube, Lithalethu Mtembu

(Independent)

Do staff and management have an interest in ownership? Please provide the percentage held by staff and management:

Vunani Fund Managers staff own 30% of the equity in the business through a participatory rights structure via the Vunani Fund Managers Staff Share Trust.

History

When was the company established?

1999

List of mergers that have taken place since being established:

None. In June 2010 long-term empowerment partner, the Vunani Group, increased its stake from 11% to a majority 51% shareholding, whilst the controlling company at the time, Peregrine Holdings, retained a meaningful 49% interest.

On 15 August 2011 Vunani Fund Managers became 100% owned by Vunani Capital. In February 2019 Vunani Capital allocated 30% of the equity in the company to a staff share scheme. The share scheme is in the form of a participatory rights structure.

B-BBEE credentials

Are you B-BBEE accredited? Yes

What is your B-BBEE status? Level 1

By whom have you been accredited?

Empowerlogic

Date of accreditation: 2022-07-19

Gips

Are you GIPS compliant? Yes

Are you GIPS verified? Yes

By whom have you been verified?

PricewaterhouseCoopers Inc (PwC)

Date of verification:

2022-06-22

Expiry date of verification: -

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