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Foord Equity Fund

Investment Objective

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.

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Investor Profile

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

Performance history   Info

Fund Characteristics

Benchmark

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

significant restrictions

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

Income Distributions

End-February and end-August each year.

Income Characteristics

Low gross yield, similar to FTSE/JSE All Share Index dividend yield. The income yield is affected by the level of performance fees accrued.

Portfolio Orientation

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

Foreign Assets

N/A

Risk of loss

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

Time Horizon

Longer than 5 years

Suitable Investors

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.

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 15% and a minimum fee of 0.5% plus VAT applies.

Fund Manager

Minimum Investment

R50 000 lump sum or R1 000 per month