Truffle SCI Flexible Fund

Fund Objectives

The objective of the Fund is to maximize returns over the longer term with the possibility of short term volatility of capital values.

Investment Strategy

The primary investment objective of the Truffle Flexible Fund is to maximize returns over the longer term at the risk of greater short term volatility of capital values. The investment manager has substantial flexibility to vary the asset allocation in such a manner as he deems appropriate. The portfolio may also include participatory interest or any other form of participatory interest in collective investment schemes or other similar schemes. Where the aforementioned schemes are operated in territories other than South Africa, participatory interest or any form of participation in these schemes will be included in the portfolio only where the regulatory environment is, to the satisfaction of the manager and trustee, of a sufficient standard to provide investor protection at least equivalent to that in South Africa. The Manager will be permitted to invest on behalf of the Truffle Flexible Fund in offshore investments as legislation permits. For the purpose of this portfolio, the manager shall reserve the right to close the portfolio to new investors on a date determined by the manager. This will be done in order to be able to manage the fund in accordance with its mandate. The manager may, once a portfolio has been closed, open that portfolio again to new investors on a date determined by the manager.

Investment Performance

Annual Return and Maximum Drawdown Figures Updated: 01 Jan 1900
2 years 3 years 5 years 7 years 10 years Maximum Drawdown
3.47% 2.00% 8.49% 12.07% n/a -7.77%

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 0.88%

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 fixed fee of 0.86% (incl. VAT) with no performance fee component.

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

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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.