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) 129 800 000

Sector Rank:	9 out of 145
(lump sum over 3 years to 30 Nov 2024)

Overall Rank:	16 out of 485
(lump sum over 3 years to 30 Nov 2024)

R20000 invested on 30 Nov 2021 was worth R30 508 at 30 Nov 2024
(15.11% annual compound return)

R5000 per month since 30 Nov 2021 was worth R230 255 at 30 Nov 2024
(15.50% 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 30 Jun 2024

Share (Sector)	Value (USD)	% of fund
PROGRESSVECRP (Insurance)	6 619 800	5.10%
MSFT.US ()	6 490 000	5.00%
SHELL (Energy)	5 970 800	4.60%
VISAINCORPORA (Retail)	5 451 600	4.20%
ALPHABETINCC (Cyclical Goods & Services)	5 321 800	4.10%
ALPHABETINCA (Cyclical Goods & Services)	5 321 800	4.10%
AUTOZONE (Auto)	4 802 600	3.70%
FLUTTER (Cyclical Goods & Services)	4 672 800	3.60%
BKNG.US ()	4 543 000	3.50%
CIGNACORP (Healthcare)	4 543 000	3.50%
TOTALS	53 737 200	41.40%