Laurium Africa USD Bond Feeder Fund

Fund Performance (net of fees)

As of 31 December 2025

{"dataCategories":["Rolling 12 months","Rolling
3-year return","Annualised return
since inception"],"title":"Fund Performance (Net of fees)", "data":[{"title":"Fund","value":["4.9%","7.9%","12.7%"]},{"title":"Benchmark","value":["5.6%","8.6%","15.4%"]}]}

Growth of R100 investment at inception

As of 31 December 2025

{"dateLine":"Date;2019/12/31;2020/01/31;2020/02/29;2020/03/31;2020/04/30;2020/05/31;2020/06/30;2020/07/31;2020/08/31;2020/09/30;2020/10/31;2020/11/30;2020/12/31;2021/01/31;2021/02/28;2021/03/31;2021/04/30;2021/05/31;2021/06/30;2021/07/31;2021/08/31;2021/09/30;2021/10/31;2021/11/30;2021/12/31;2022/01/31;2022/02/28;2022/03/31;2022/04/30;2022/05/31;2022/06/30;2022/07/31;2022/08/31;2022/09/30;2022/10/31;2022/11/30;2022/12/31;2023/01/31;2023/02/28;2023/03/31;2023/04/30;2023/05/31;2023/06/30;2023/07/31;2023/08/31;2023/09/30;2023/10/31;2023/11/30;2023/12/31;2024/01/31;2024/02/29;2024/03/31;2024/04/30;2024/05/31;2024/06/30;2024/07/31;2024/08/31;2024/09/30;2024/10/31;2024/11/30;2024/12/31;2025/01/31;2025/02/28;2025/03/31;2025/04/30;2025/05/31;2025/06/30;2025/07/31;2025/08/31;2025/09/30;2025/10/31;2025/11/30;2025/12/31","dataCategories":[],"title":"","data":[{"title":"Fund","value":["98","106","109","105","110","112","116","114","116","113","112","113","112","114","112","108","108","106","110","112","114","117","116","119","121","116","111","105","109","106","101","98","107","104","108","111","111","119","123","113","115","128","126","123","127","124","122","129","133","135","142","145","142","142","137","139","138","137","142","145","152","153","153","150","150","150","154","161","160","160","163","161","159"]},{"title":"Standard Bank Africa ex-SA Bond Index (ZAR)","value":["99","107","111","94","102","109","117","115","118","112","112","114","113","117","115","109","112","108","112","115","116","118","117","117","121","115","110","107","106","103","95","98","102","100","103","109","108","114","118","110","111","125","124","123","124","123","122","130","133","135","145","150","145","149","142","144","145","142","146","151","157","158","160","154","151","154","157","166","163","165","168","167","166"]}]}

Risk-return scatter-plot

As of 31 December 2025

{"title":"Risk-return scatter-plot (since inception, Aug 2008)","xLabel":"Standard Deviation","xLabelMin":"Std Dev","yLabel":"CAGR","data":[{"name":"Laurium Aggressive","data":[["15.9%","15.3%"]]},{"name":"Cash","data":[["0.3%","6.3%"]]},{"name":"Inflation","data":[["1.4%","4.7%"]]},{"name":"Equity","data":[["13.6%","9.8%"]]}]}

CAGR

Compound annual growth rate

Standard Deviation

Measures the absolute variability of a distribution; the higher the dispersion or variability, the greater is the standard deviation and greater will be the magnitude of the deviation of the value from their mean.

Cash (STeFI)

The STeFI (Alexander Forbes Short Term Fixed Interest Index) is a recognised benchmark of the returns earned in the South African money market.

Inflation (CPI)

The monthly change in the SA consumer price index (CPI)

Equity (JALSH TR)

JSE FTSE ALL SHARE INDEX

Top 10 Fund Holdings (% of fund)

As of 31 December 2025

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Asset Allocation

As of 31 December 2025

{"dateTitle":"Asset Allocation","title":"December 2025","data":[{"title":"USD eurobonds","value":"77.8%"},{"title":"Local FX bonds","value":"18.7%"},{"title":"Cash","value":"3.5%"},{"title":"","value":""},{"title":"","value":""},{"title":"{{aaa6-label}}","value":"{{aaa6-total}}"},{"title":"{{aaa7-label}}","value":"{{aaa7-total}}"},{"title":"{{aaa8-label}}","value":"{{aaa8-total}}"}]}

USD eurobonds

77.8%
Local FX bonds

18.7%
Cash

3.5%

Country Exposure

As of 31 December 2025

{"dateTitle":"Country Exposure","title":"December 2025","data":[{"title":"Nigeria","value":"21.2%"},{"title":"Egypt","value":"19.3%"},{"title":"Angola","value":"12.1%"},{"title":"Cote d'Ivoire","value":"11.8%"},{"title":"Kenya","value":"9.1%"},{"title":"Ghana","value":"5.3%"},{"title":"Uganda","value":"5.3%"},{"title":"Morocco","value":"4.8%"},{"title":"Senegal","value":"4.4%"},{"title":"Gabon","value":"3.3%"},{"title":"0.0%","value":"0.0%"},{"title":"0.0%","value":"0.0%"}]}

Nigeria

21.2%
Egypt

19.3%
Angola

12.1%
Cote d'Ivoire

11.8%
Kenya

9.1%
Ghana

5.3%
Uganda

5.3%
Morocco

4.8%
Senegal

4.4%
Gabon

3.3%

LAURIUM AFRICA USD BOND FEEDER FUND

Fund Details

LAURIUM AFRICA FUNDS

Fund Facts

Fund Performance (net of fees)

Growth of R100 investment at inception

Risk-return scatter-plot

Top 10 Fund Holdings (% of fund)

Asset Allocation

Country Exposure