BELLAMONT BCI GLOBAL EQUITY FEEDER FUND

FUND OVERVIEW

Through the Bellamont BCI Global Equity Feeder Fund, South African investors gain access to the Sifter Fund, a concentrated global equity strategy built on discipline, precision and long-term thinking.

Sifter invests in approximately 30 global high-quality companies. Every holding earns its place through deep fundamental research, rigorous valuation work and a clear understanding of long-term competitive advantage.

For over 23 years, this focused approach has delivered outperformance versus broad global equity indices not through complexity, but through clarity and consistency.

The team, based in Finland, are Nordic engineers by training. They operate as a dedicated research house, applying structured analytical frameworks to uncover businesses capable of compounding capital over time.

Risk Profile - Aggressive

Investment Horizon - 10+ Years

Fund Inception - 16 May 2025. Strategy Inception - June 2003.

Benchmark - ASISA Global Equity General Category Average

Strategy Assets Under Management - R6+ Billion

What Makes Sifter Unique?

Exposure to global equity leaders through an evidence based elimination process by a seasoned Nordic team.

Eliminate to Excellence

Proprietary process narrows ~65,000 > companies 50 deep dives. Only 3–5 added per year > focused 25–30 quality stock portfolio.

Truly Global, No Macro Views

Focused and concentrated on high quality business models. Common holdings with global indices <20%, underscoring a distinct approach.

Nordic Engineering Mindset

Team-driven, rules-based and precise, disciplined decisions that stay consistent through turbulent markets.

Entrepreneurial & Aligned

Partner-owned, fully independent, interests aligned with investors.

The Sifter Investment Process

Four Pillars of Quality

Sifter’s portfolio is built around a disciplined framework designed to identify businesses capable of compounding capital over the long term. Every company must meet four non-negotiable pillars of quality before earning a place in the portfolio.

Predictable Growth

Long-term compounding begins with earnings growth.

Sifter seeks companies with a clear and visible five-year growth trajectory. Growth must be supported by structural drivers such as end-market expansion, durable pricing power, recurring revenue models or sustained market share gains.

This is not about cyclical rebounds.
It is about businesses with embedded growth engines.

Strong Moat

Durable growth requires protection.

Each investment must possess meaningful competitive advantages that protect profitability and defend against competition. These moats may stem from technology leadership, intellectual property, scale advantages, regulatory barriers or deep customer integration.

Solid Financials

Quality is reinforced by financial strength.

Sifter prioritises companies with high returns on capital, strong operating margins and resilient balance sheets. Low net debt, disciplined capital allocation and recurring revenue streams reduce downside risk and enhance long-term stability.

Attractive Valuation

Quality alone is not sufficient valuation matters.

Sifter evaluates every investment against its five-year earnings outlook and portfolio ranking framework. Shares must be acquired at a reasonable price relative to their growth runway and earnings visibility.

When optimism pushes valuations beyond reasonable levels, positions are trimmed or reduced to preserve discipline and portfolio balance.