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KCP.KCP.

Chapter 05 · the model book

KCP transformation

The consequence, marked.

Capital, composition and sleeve movement; with deposits separated from hypothetical performance.

Hypothetical NAV:
TZS 605.1m.
Contributed:
TZS 521m.
Market P&L:
TZS 84.1m.
Return:
+16.53%.
Capital accountingA deposit is never a gain
TZS 500mSeed
TZS 21mSavings
TZS 84.1mMarket P&L
TZS 605.1mModel NAV

Seed + dated savings + market movement = the current hypothetical mark.

One pictureThe book by holding

Which sleeves changed the hypothetical book?

Sleeve consequence since inception

As at 10 Sep 2026 · Source: KCP hypothetical model-book tracker; verified public market observations. Exact values and method remain in the static evidence table below.

Inspect all 11 hypothetical holdings
The Ghost hypothetical holdings as at 2026-09-10
HoldingSleeveValueWeight
NMB BankEquityTZS 122.38m20.2%
Vodacom TanzaniaEquityTZS 92.50m15.3%
Tanzania CigaretteEquityTZS 58.96m9.7%
CRDB BankEquityTZS 48.23m8.0%
Twiga CementEquityTZS 12.15m2.0%
Government T-bondsFixed incomeTZS 120.62m19.9%
Treasury billsFixed incomeTZS 45.40m7.5%
iTrust iIncomeFixed incomeTZS 25.17m4.2%
iTrust iCashCashTZS 32.67m5.4%
Gold (notional)CommodityTZS 22.00m3.6%
CashCashTZS 25.00m4.1%