Compare Our Funds

Foord Balanced Fund

balanced

The fund aims to achieve the steady growth of income and capital as well as the preservation of real capital (capital as adjusted for inflation). The portfolio is managed to comply with the statutory investment limits set for retirement funds in South Africa (Regulation 28).

Investors whose risk tolerance is below that of a pure equity fund investor and those who require the asset allocation decision to be made for them, within prudential guidelines. Because the fund complies with Regulation 28, it is ideally suited to being a substantial component of any retirement savings portfolio and is especially suitable for retirement funds, pension fund members and holders of contractual savings products.

The market value weighted average return of the South African - Multi Asset - High Equity unit trust sector, excluding Foord Balanced Fund.

Maximum equity exposure of 75%; maximum offshore exposure of 25%; complies with pension fund investment regulations (Regulation 28).

End-February and end-August each year.

Medium yield, approximately double that of a general equity fund. Income distributions are reduced by the annual service charge, which varies with the relative performance of the fund against its benchmark.

Typically a medium to high weighting in JSE shares and includes exposure to listed property securities, bonds, money market instruments and foreign assets.

Lower than that of a pure equity fund. High in periods shorter than six months, lower in periods greater than one year.

Foreign asset exposure is obtained via the Foord International Trust, a conservative, flexible fund priced in US dollars and domiciled in Guernsey.

Designed to comply with the limits imposed by Regulation 28 to the Pension Funds Act, the Foord Balanced Fund is suitable for pension funds, pension fund members, holders of contractual savings products such as retirement annuities and medium- to long-term investors saving for retirement.

No initial fees are levied. The annual management fee is a performance fee with the daily charge rate adjusted up or down based on the fund’s one year rolling return relative to that of its benchmark. The fee at benchmark is 1.0% plus VAT, the performance fee sharing ratio is 10% and a minimum fee of 0.5% plus VAT applies.

R20 000 lump sum or R1 000 per month

Longer than 3 years

382 384 404

Foord Equity Fund

equity

The fund aims to earn a higher total rate of return than that of the South African equity market, as represented by the return of the FTSE/JSE All Share Index including income, with less than market risk.

Investors who require long-term capital growth and who are able to withstand investment volatility in the short to medium term.

The total return of the FTSE/JSE All Share Index.

SA equity exposure between 80% and 100% with the balance invested in cash.

End-February and end-August each year.

Low gross yield, similar to FTSE/JSE All Share Index dividend yield. Income distributions are reduced by the annual service charge, which varies with the relative performance of the fund against its benchmark.

A portfolio of quality JSE shares that present compelling long-term investment value.

High in periods shorter than one year. Lower in periods greater than three years.

N/A

Investors who require long-term capital growth and who are able to withstand Investment volatility in the short to medium term but who do not require a high income yield.

No initial fees are levied. The annual management fee is a performance fee with the daily charge rate adjusted up or down based on the fund’s one-year rolling return relative to that of its benchmark. The fee at benchmark is 1.0% plus VAT, the performance fee sharing ratio is 15% and a minimum fee of 0.5% plus VAT applies.

R20 000 lump sum or R1 000 per month

Longer than 5 years

382 384 397

Foord Flexible Fund

flexible

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.

Investors with a moderate risk profile who require long-term inflation-beating total returns, but who do not require a high income yield. It is appropriate for investors seeking a balanced exposure to domestic and foreign assets, according to Foord’s best investment view.

The annual change in the SA Consumer Price Index (CPI) plus 5%.

None. The fund is unconstrained.

End-February and end-August each year.

Low to medium income yield depending on the asset allocation strategy employed as the foreign asset component is invested in a roll-up fund that does not distribute its income. Income distributions are reduced by the annual service charge, which varies with the relative performance of the fund against the benchmark.

Exploiting the benefits of global diversification, the portfolio continually reflects Foord’s prevailing best investment view on all available asset classes in South Africa and around the world.

Lower than that of a pure equity fund. High in periods shorter than six months, lower in periods greater than one year.

Foreign asset exposure is obtained via the Foord International Trust, a conservative, flexible fund priced in US dollars and domiciled in Guernsey.

Investors with a moderate risk profile who require long-term inflation-beating returns, but who do not require a high income yield. The fund is appropriate for investors who seek a balanced exposure to domestic and foreign assets, according to Foord’s best investment view.

No initial fees are levied. The annual management fee is a performance fee with the daily charge rate adjusted according to the fund’s performance relative to that of its benchmark. The performance fee is calculated and accrued daily based on the relative return for the preceding day. The fee at benchmark is 1.0% plus VAT, the performance fee sharing ratio is 10% and a minimum fee of 0.5% plus VAT applies.

R20 000 lump sum or R1 000 per month

Longer than 3 years

382

Foord International Feeder Fund

international

To maximise return with minimum risk from a portfolio of international assets, including equities, fixed interest investments, commodities and cash. This is achieved through direct investment into the Foord International Trust, which aims to produce an annualised return over time in excess of 10% in US$, thereby expecting to outperform world equity indices, but with significantly lower variability of returns.

Investors who require diversification through offshore investment – with exposures to currencies, markets and securities not available in South Africa; who seek a hedge against ZAR currency depreciation; or who have utilised their maximum personal offshore exchange control allowance.

The total return of the rand equivalent of the MSCI World Equities Index (developed markets).

The portfolio may only invest in cash and one other collective investment scheme.

End-February and end-August each year.

Nominal income yield. The Foord International Trust is a roll-up fund and does not distribute income.

Invests entirely in an international portfolio of assets including equities, fixed interest securities, commodities and cash.

Currency volatility means the risk of loss in the short term is high. In general, the risk of loss is higher than that of the Foord Balanced Fund but lower than the average foreign equity fund.

Investments in the Foord International Trust, a conservative flexible fund priced in US dollars and domiciled in Guernsey.

Investors who require diversification through offshore investment – with exposures to currencies, markets and securities not available in South Africa. Investors who seek a hedge against rand depreciation. Investors who have utilised their maximum personal offshore exchange control allowance.

No initial fees are levied. The standard charge rate is a fixed fee of 0.35% plus VAT. A 1.35% annual fee is levied in the Foord International Trust.

R20 000 lump sum or R1 000 per month

Longer than 3 years

382

Foord International Trust

trust

A US dollar priced fund, the Foord International Trust aims to achieve maximum returns with minimum risk from a multi-asset class portfolio of international investments. The aim is to produce an annualised return in excess of 10% per annum over time in US dollars, thereby expecting to outperform world equity indices.

Conservative investors seeking exposure to a balanced but dynamically managed portfolio of international securities, including equities, fixed interest investments, commodities and cash.

MSCI World Equity Total Return Index (developed markets)

No asset class restrictions
Maximum exposure to any one country in the G8 is 75% of the fund (or 100% in the case of the USA) while countries outside the G8 are limited to 50%
The fund may only borrow for the purposes of redemption and may not be geared.

The fund only issues accumulation units; income is reinvested in the portfolio.

The fund only issues accumulation units, with income being reinvested in the portfolio.

The portfolio has a flexible asset allocation policy and includes high quality securities encompassing different asset classes, markets and sectors, thereby reducing risk through diversification. The managers focus on undervalued securities in major markets, consistent with Foord Asset Management’s long-term investment approach in South African investments.

Currency volatility means the short-term risk of loss in currencies other than the base currency (US dollar) is high. Measured in US dollars, the risk of loss over six months is high, but lower in periods greater than one year.

The portfolio is mostly invested in global markets, but is not precluded from holding South African investments.

Conservative investors seeking exposure to a balanced but dynamically managed portfolio of international securities, including equities, fixed interest investments, commodities and cash.

No initial fees are levied. A redemption fee of 1% on units held for less than 12 months, zero thereafter. A fixed annual fee of 1.35% applies.

$10 000 lump sum or $1 000 subsequently

Longer than 3 years

382