Foord Flexible Fund of Funds
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.download fact sheetInvest
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.
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.
Longer than 3 years
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