Cannon Hummingbird Fund

Portfolio overview

The Cannon Hummingbird Fund is created and designed for the purist investor. The fund is designed to invest in businesses that are overlooked, unknown or small, but that have the potential for exponential growth. The fund invests in today’s treasures and tomorrow’s stars – and not yesterday’s giants.

Although the fund has a medium- to long-term investment focus, it is wrapped in an RMB Equity Linked Note, which provides daily pricing and daily liquidity. The Cannon Hummingbird Fund has the added benefit of being able to trade without invoking capital gains taxes. Capital gains are only levied when a client withdraws from the fund.

As a high-growth vehicle, the Cannon Hummingbird Fund forms the perfect satellite to a conservative portfolio, growth-biased asset or passive investment.

The objective of the fund is capital growth and, as such, we view investing as a long-term partnership. Because the fund is highly concentrated, typically holding investments in as few as 10 companies, investors need to be aware that the ride is likely to be bumpy, but the reward will be handsome. Understanding that volatility and risk are not the same thing, and having the patience to sit through price volatility, are valuable ingredients in investing in the fund.

Who can invest?

Institutional investors and individual investors 

Minimum investment

R250 000

Benchmark

FTSE-JSE All Share Index

Inception date

September 2013

Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual performance Benchmark
2017 2.94 2.83 -3.54 -4.64 6.61               3.80 7.10
2016 -9.06 0.68 2.89 3.79 2.06 7.17 0.14 -1.61 4.53 0.44 5.73 8.08 26.42 2.63
2015 1.46 5.26 -1.11 7.38 8.62 0.27 -2.09 2.03 0.38 14.51 -10.04 2.29 26.75 5.13
2014 -2.51 9.94 4.60 8.69 3.23 -8.89 -7.33 0.18 9.26 0.93 -0.30 -14.64 60.27 10.88
2013                   0.48 -1.89 -0.28 2.67 5.53