Foord Conservative Fund

Fund Objectives

The fund seeks to provide investors with a net-of-fee return of 4% per annum above the annual change in the South African Consumer Price Index, measured over rolling three-year periods. The portfolio is managed to comply with the statutory limits set for retirement funds in South Africa (Regulation 28).

Investment Strategy

The portfolio will be a specialist portfolio investing in a broad spectrum of securities, the allocation of which will be appropriate for South African retirement funds and investors seeking a low to medium risk of capital loss over rolling twelve month periods. The Manager, in selecting asset classes and securities for the Portfolio will seek to procure optimum overall returns for unit holders, that is to say, steady growth of income and capital so that the latter is, as far as possible, maintained in real terms over rolling three year periods and in absolute terms over rolling 12 month periods. The benchmark return for the portfolio shall be CPI plus 4% per annum. The portfolio shall not be a mirror of any other portfolio in the Foord Unit Trust Scheme. The portfolio will be managed to comply, at all times, with the statutory investment limits set for retirement funds in South Africa to the extent allowed by the Act.

Investment Performance

Annual Return and Maximum Drawdown Figures Updated: 01 Jan 1900
2 years 3 years 5 years 7 years 10 years Maximum Drawdown
4.16% 3.75% n/a n/a n/a -7.04%

Fund and Adviser Fees

Adviser Fees Administration Fees Management Fees
Upfront Annual Standard Manager Discount Effective Annual Fee Total Expense Ratio (TER)
0.00% 0.50% not available not available not available 0.82%

All fees shown exclude VAT. Data provided by Morningstar and Allan Gray / Investec.

What are adviser fees?

Adviser fees are paid to Beanstalk. We do not charge an upfront fee and our annual fee is very low at just 0.50% (+ VAT where applicable).

What are administration fees?

Annual administration fees are charged by Allan Gray Investment Services Proprietary Limited or Investec Management Services (Pty) Ltd for ongoing administation. The fee applicable to your investment depends on the unit trusts you have selected and the value of your investment. A negative annual administration fee means you will pay no annual administration fee and will receive additional units into your account.

What are management fees?

The annual management fee is a performance fee with the daily charge rate being adjusted up or down based on the funds one-year rolling return relative to that of its benchmark. A sharing rate of 10% is applied to the out and under-performance of the benchmark, with a minimum fee of 0% and uncapped maximum fee. No fees are charged when the annual net-of-fee return on the fund falls below zero.

Management fees are expenses included in the price of your selected unit trust(s). These expenses are not charged as separate fees, but are built into the unit price of the unit trusts you select. The fees shown include VAT where applicable. Values are calculated using more decimal places than are displayed.

Fund Positioning

This fund is suitable for conservative investments.

Fund Asset Allocation

Asset allocation as of
31 Dec 2016

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Disclaimer

Please note that while every effort is taken to ensure the accuracy of this information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the fund information presented on this page. All data is provided by Morningstar, Allan Gray and Investec.