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 Flexible Fund of Funds

Investment Objective

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.

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Investor Profile

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.

Performance history

Fund Characteristics

Benchmark

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

significant restrictions

None. The fund is unconstrained.

Income Distributions

End-February and end-August each year.

Income Characteristics

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.

Portfolio Orientation

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.

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

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.

Fee Structure

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.

Fund Manager

Dave Foord

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.