“BEST IN CLASS” STRATEGY

Since 1 March 2017, the Efficient Group has outsourced the portfolio management of the Efficient branded single-manager funds to various established external asset managers on a ‘best in class’ basis. These funds were previously managed by Efficient Select on an in-house basis. The strategic decision to outsource the portfolio management was made to enhance the long-term success and sustainability of the funds, as well as to reduce the costs of operations and the portfolios’ Total Expense Ratios (TERs).

Apex Investment Consulting SA is responsible for the manager research, due diligence and ongoing oversight process for the funds. Leveraging its extensive investment expertise and disciplined evaluation framework, Apex conducts detailed manager research and due diligence, while continuously monitoring appointed managers to ensure they remain aligned with the funds’ objectives. This process is supported by an investment committee that provides an additional layer of governance and oversight. The following asset managers are currently appointed:

Actively managed

Select FR Fixed Income Fund	Prescient Investment Management
Select BCI Cautious Fund	Fairtree Asset Management
Select FR Balanced Fund	Fairtree Asset Management
Select FR Worldwide Flexible Fund	BlueAlpha Investment Management
Select BCI Blended Equity Strategy Fund	Fairtree, Colourfield, Satrix
Select BCI Equity Fund	Fairtree Asset Management
Select BCI Global Equity Fund	BlueAlpha Investment Management
Select BCI Interest Plus Fund	Managed by Ninety One SA

Index funds/Passive

Select BCI Equity Fund	CoreShares
Select FR Enhanced Core Balanced	10X Investments
Select FR Enhanced Core Equity	Prescient
Select FR Enhanced Core Cautious Fund	10X Investments
Select FR Enhanced Core Global Equity Fund of Funds Efficient Select	Efficient Select
Select FR Equity Fund	Fairtree Asset Management
Select FR ESG Equity Fund	10X Investments
Select FR Global Equity Fund	BlueAlpha Investment Management
Select FR Interest Plus Fund	Ninety One SA

These fund managers have significant investment expertise, experience and strong long-term investment track records Their assets under management are sizeable, yet small enough to be flexible and nimble in a small market such as South Africa (SA).

RISK CATEGORIES INVESTOR OBJECTIVES

PLATFORMS

Please do not hesitate to contact us with any queries at info@efselect.co.za, or speak to your financial advisor.