Guardian Acuity Equity Fund Open Ended Growth Fund June 2021 Tel: +94 112039377 E-Mail: [email protected]

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Guardian Acuity Equity Fund Open Ended Growth Fund June 2021 Tel: +94 112039377 E-Mail: Info@Guardianacuity.Com Guardian Acuity Equity Fund Open Ended Growth Fund June 2021 Tel: +94 112039377 E-mail: [email protected] HIGHLIGHT Crishani Perera The fund recorded a 1.29% return for the month and 2.52% return for 3 Months. The Fund Manager Accelerated vaccine rollouts and generally strong economic data in developed YTD return of the fund was 2.19% vs.benchmark ASPI return of 15.70%. economies led to strong gains in equities with S&P 500 leading with an 8.5% RETURNS* gain during 2Q whilst European stocks followed closely with a 7.1% return. The vaccination programs in rest of the Europe is now catching up with the BENCHMARK PERIOD* FUND S&P SL 20 ASTRI ASPI UK & US. The reopening of economies and a fast rebound in activity has fueled 2021 June 1.29% 5.87% -0.35% 5.88% inflation in some of the developed economies which is expected to contribute 3 Months 2.52% 10.06% 4.15% 10.12% to market jitters in the 2H. The emerging equities lagged with a 5.1% gain Year To Date (YTD 2021) 2.19% 15.70% 12.52% 15.84% during 2Q amidst slow vaccination rollout in most economies, policy Since Inception Cum. 85.21% 43.11% 0.43% 58.15% tightening and regulatory concerns in China. 3.91% 0.05% 5.03% Since Inception CAGR 6.82% Note : All Share Price Index (ASPI) ,All Share Total Return Index(ASTRI) & S&P Srilanka 20 Index (S&P SL 20) are based on CSE data as of 30th June 2021 Retail activity continued to dominate the local equities as notable price gains * Performances are based on month end prices as of 30th June 2021. Performance data recorded in few relatively illiquid shares during the month. Despite the included in this document represents past performance and is no guarantee of the future heightened concerns around the macro-economy during the month, the results. broader ASPI recorded a 5.87% gain accordingly. LOLC Development Finance TOP 5 HOLDINGS BASED ON NAV (+851.71%), LOLC Holdings (+12.71%), Nestle Lanka (+21.84%), Cold Stores (+15.92%) & Expolanka Holdings (+9.38%) were the top gainers for the STOCK TICKER % OF NAV month. The more liquid large cap S&P SL20 underperformed with a -0.35% HEMAS HOLDINGS PLC HEMS.N0000 8.79% drop. SAMPATH BANK PLC SAMP.N0000 7.88% COMMERCIAL BANK OF CEYLON PLC COMB.N0000 7.16% The fund recorded a 1.29% gain during the month. The key laggards to the DISTILLERIES COMPANY OF SRI LANKA PLC DIST.N0000 5.89% fund’s performance during the month were price weaknesses in top holdings JOHN KEELLS HOLDINGS PLC JKH.N0000 5.83% Sampath Bank, John Keells Holdings & Distilleries. The continued low interest SECTOR ALLOCATION (WITH CASH & CASH EQUIVALENTS) rate environment has powered strong retail activity in the bourse which is likely to remain in the near term. Economic risks such as further depletion of Banks 20% reserves, possible depreciation of the currency and inflationary pressures Food Beverage and Tobacco 17% Capital Goods 15% could lead to short term volatilities in equity markets. Cash 12% Diversified Financials 9% ABOUT THE FUND Telecommunication Services 5% Insurance 4% Guardian Acuity Equity Fund is a growth fund which invests in a diversified Utilities 4% portfolio of listed equity securities with the objective of achieving medium to Consumer Services 4% long term capital appreciation. Health Care Equipment and Services 4% Food and Staples Retailing 4% FUND SNAPSHOT Materials 3% Inception Date 27th February 2012 GAEF VS. THE MARKET Bloomberg Code GACUEQI: SL Fund Size as of 30-06-2021 LKR 314.83Mn ASPI S & P SL 20 GAEF 22 20 Minimum Investment LKR 1,000 18 Redemption Price as at 30-06-2021 LKR 18.5212 16 Indexed 14 12 FUND FEES 10 Management Fee* 2.25% p.a. 8 6 Custodian & Trustee Fee* 0.30% p.a. Exit Fee** 2.00% p.a. *As a percentage of NAV Jan-16 Jun-16 Jun-17 Jun-18 Jun-19 Jun-20 Jun-21 Oct-16 Oct-20 Oct-17 Oct-18 Oct-19 Apr-16 Apr-20 Apr-21 Apr-17 Apr-18 Apr-19 Feb-19 Feb-20 Feb-17 Feb-18 Feb-21 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Aug-18 Aug-19 Aug-16 Aug-17 Aug-20 Mar-16 **If withdrawn prior to 1 year Investors are advised to read and understand the contents of the Explanatory Memorandum before investing. Among others, investors should consider the fees and the charges involved..
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