SaltLight Worldwide Flexible Fund: Global Investing with Maximum Flexibility

Fund Objective

Our primary goal is to build long-term wealth for our investors by focusing on two key pillars:

1. Resilient Business Models: We invest in companies that demonstrate inherent resilience, ensuring they can withstand various market conditions.
2. Under-Appreciated Optionality: We seek businesses with hidden growth opportunities that can deliver significant shareholder value over time without additional cost.

Investment Strategy

• Global Reach: We invest both domestically and internationally, targeting the best opportunities wherever they arise.
• Structural Flexibility: The fund can allocate up to 100% of its capital to global or South African markets across a wide range of asset classes.
• Long-Term Commitment: We build our portfolio with a long-term ownership mindset, typically focusing on a five- to ten-year investment horizon. Investors should be prepared for a similar commitment.
• Concentrated Investments: We concentrate our capital on our best ideas, partnering with entrepreneurial managers dedicated to long-term value creation.
• Proprietary Process: Our unique investment approach may result in short-term performance that differs from peers and market indices.

Risk Considerations

• Short-Term Volatility: Due to our long-term focus and distinct strategy, the fund's short-term performance may not align with market benchmarks or peer results.
• Investment Risks: We acknowledge that not all investments will proceed as planned. Accepting calculated risks means occasional setbacks are possible on the path to innovation.
• Downside Protection: We emphasise mitigating risks to avoid permanent capital loss.

Alignment of Interests

We invest alongside our clients, with the majority of our liquid personal wealth committed to the fund. This alignment ensures that we share both the successes and challenges with our investors.

Core Principles

• Long-Term Focus: We prioritise long-term results over short-term gains, remaining patient and disciplined.
• Intellectual Honesty: We are transparent about our knowledge and acknowledge areas outside our expertise.
• Cost Efficiency: By trading infrequently and keeping costs low, we aim to maximise value for our investors.

Our Philosophy

As entrepreneurs who invest, we understand the journey of building durable businesses. We support companies that take calculated risks and innovate, recognising that occasional failures are part of achieving long-term success.

Conclusion

The SaltLight Worldwide Flexible Fund offers a globally diversified investment opportunity with a focus on long-term wealth creation. By investing in resilient businesses with untapped potential, we strive to deliver significant value to our investors over time. We welcome investors who share our long-term perspective and are ready to embark on this journey with us.