Important Note ZAR

In calculating the current value of your investment, we have applied the long-term equity carve-out returns of Foord Asset Management's Global Balanced composite from 1 January 1990 to 31 August 2002. These returns are gross of fees and taxes. Performance from 1 September 2002 onwards is that of the Foord Equity Fund and is net of investment management fees but gross of any taxes. Past performance is no guarantee of future performance. Foord Asset Management and Foord Unit Trusts Limited disclaims any liability for any loss, liability, or damages (whether direct or consequential) of any nature whatsoever that may be suffered as a result of, or which may be attributable, directly or indirectly, to the use of or reliance upon the information provided.

Important Note USD

In calculating the current value of your investment, we have applied the long-term returns of the Foord International Trust. These returns are calculated from net of fees. Past performance is no guarantee of future performance. Foord Asset Management (Guernsey) Limited disclaims any liability for any loss, liability, or damages (whether direct or consequential) of any nature whatsoever that may be suffered as a result of, or which may be attributable, directly or indirectly, to the use of or reliance upon the information provided.

Foord Balanced Fund

Investment Objective

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).

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Investor Profile

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.

Performance history

Fund Characteristics

Benchmark

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

significant restrictions

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

Income Distributions

End-February and end-August each year.

Income Characteristics

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.

Portfolio Orientation

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

Foreign Assets

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

Risk of loss

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

Time Horizon

Longer than 3 years

Suitable Investors

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.

Fee Structure

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.

Fund Manager

Dave Foord
Dane Schrauwen
William Fraser

Minimum Investment

R20 000 lump sum or R1 000 per month

Investment Services

Compare our funds

Selecting the fund that best suits your investment needs can be difficult. Use the tools on this page to compare two or more of the Foord unit trust funds. For further assistance, please call us on 021 531 5085.