Rezco Managed Plus Fund

Fund Objectives

The Fund's primary objective is to create long term wealth for investors, while at the same time reducing the amount of risk. This is to be achieved within the constraints governing retirement funds.

Investment Strategy

The fund seeks to outperform its benchmark, the Weighted Average Return of the Domestic Asset Allocation Prudential Variable Equity Sector as calculated by I-net, and also to achieve this outperformance with less variation in returns through the market cycle. The objective of capital growth and simultaneous risk management necessitates the flexible nature of the fund; i.e. when the risk profile of the market changes the level of equity exposure will be adjusted. The fund's investment selection would be achieved through buying investments trading below their intrinsic long term worth. In order to achieve the portfolio’s investment objectives, the securities to be acquired for the fund will consist of a spectrum of investments in equities, listed gilts, interest bearing securities, money market instruments and property markets. The effective total equity exposure (including international equity) must be between 0% and 75% at all times.

Investment Performance

Annual Return and Maximum Drawdown Figures Updated: 01 Jan 1900
2 years 3 years 5 years 7 years 10 years Maximum Drawdown
2.09% -0.63% 5.24% n/a n/a -9.56%

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 1.20%

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 0.74% (incl.VAT). The performance fee is calculated as 12.5% of the outperformance of the benchmark over a 1-year rolling period up to a maximum of 1.43% (incl.VAT) , subject to the high watermark principle.

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 aggressive investments.

Fund Asset Allocation

Asset allocation as of
30 Sep 2018

Tools

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.