Credo Global Equity Fund B USD

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Credo Global Equity Fund B USD

Credo Global Equity Fund B USD

Credo ICAV
	Credo Global Equity Fund B USD
		News
		Regional Portfolio Structure(Semi-Annual Comparison)
		Sectorial Portfolio Structure(Semi-Annual Comparison)

Price

Ranking

Sector:	Global-Equity-General
Size:	(USD) 141 600 000

Sector Rank:	24 out of 148
(lump sum over 3 years to 28 Feb 2025)

Overall Rank:	36 out of 486
(lump sum over 3 years to 28 Feb 2025)

R20000 invested on 28 Feb 2022 was worth R32 050 at 28 Feb 2025
(17.02% annual compound return)

R5000 per month since 28 Feb 2022 was worth R235 131 at 28 Feb 2025
(16.77% annual return compounded monthly)

Please note that offshore fund performance figures are calculated from NAV prices (ie, equivalent to sell-to-sell) and therefore not directly comparable to domestic fund performance figures on this site.

Management
Jarrod Cahn, BA (LLB)
Jarrod joined Credo in 2001 and is a Senior Portfolio Manager and Director with over 20 years of industry experience. He holds a BA (LLB) from the University of the Witwatersrand and is a qualified attorney on the non-practising roll in South Africa.

Jason Spilkin, MSc (Investment Management), CFA
Jason is a CFA charterholder and joined Credo’s investment team as an Equity Analyst in 2013. He obtained a Bachelor of Commerce degree from Stellenbosch University and subsequently completed Honours at the University of Cape Town followed by an MSc in Investment Management at the CASS Business School in London.

Focus and Objective
The investment objective is to generate sustainable excess returns versus global equity markets through an actively managed portfolio of equities. The Fund adopts a value-based investment approach founded on the following tenets: wealth is created and preserved by following a patient and disciplined investment strategy, which is focused on the long term; identify matters of strategic importance rather than fixating on short-term news flow and forecasts; and to minimise turnover and limit transaction costs. Credo believes this philosophy allows time for the intrinsic value of the Fund holdings to be realised.

Technical Overview
Benchmark:	MSCI World Index Net Total Return
Annual fee (B):	0.75	Formation date:	03 Jul 2017
Base currency:	USD	Minimum lump sum:	$5 000

Top holdings on 31 Dec 2024

Share (Sector)	Value (USD)	% of fund
ALPHABETINCA (Cyclical Goods & Services)	6 513 600	4.60%
VISAINCORPORA (Retail)	6 513 600	4.60%
PROGRESSVECRP (Insurance)	6 372 000	4.50%
FLUTTER (Cyclical Goods & Services)	6 088 800	4.30%
MSFT.US ()	5 664 000	4.00%
SHELL (Energy)	5 380 800	3.80%
ADMIRALGRUPUK (Insurance)	5 380 800	3.80%
AUTOZONE (Auto)	5 239 200	3.70%
RYANAIR (Goods & Services)	5 097 600	3.60%
TOTALS	52 250 400	36.90%