Foord Flexible Fund of Funds

Fund Objectives

The Fund seeks to provide investors with a net-of-fee return of 5% per annum above the annual change in the South African Consumer Price Index, measured over rolling three year periods. It aims to achieve this objective by exploiting the benefits of global diversification in a portfolio that continually reflects Foord Asset Management's prevailing view on all available asset classes, both in South Africa and abroad.

Investment Strategy

The portfolio will be a fund of funds portfolio with a flexible mandate. The objective of the portfolio is to provide investors with a net-of-fee return in excess of the annual change in the headline South African Consumer Price Index (CPI for all urban areas) over rolling one year periods. The assets of the portfolio shall, apart from assets in liquid form, be solely invested in a mix of participatory interests in portfolios invested in South African and global equity securities, property securities, non equity securities and money market investment. The underlying portfolios of collective investment schemes shall be registered in South Africa or other similar schemes operated in territories with a regulatory environment which is to the satisfaction of the manger and the trustee of a sufficient standard to provide protection at least equivalent to that in South Africa.

Investment Performance

Annual Return and Maximum Drawdown Figures Updated: 01 Jan 1900
2 years 3 years 5 years 7 years 10 years Maximum Drawdown
2.60% 1.60% 6.97% n/a n/a -12.80%

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 0.76%

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 Fund charges a base fee and a performance fee. The base fee is 0.11% (incl. VAT). The performance fee is calculated as 10% of the out- and under-performance of the benchmark and is uncapped. The fee for the performance equal to the Fund's benchmark is 0.68% p.a. (incl. VAT). The performance fee is calculated and accrued daily based on the relative return for the preceding day.

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 moderate 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.