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Foord International Feeder Fund

Investment Objective

To achieve long-term inflation-beating US$ returns over rolling five-year periods by way of investment in listed securities on global exchanges – including equities, exchange traded funds, UCITS and other UCIs, convertible bonds, interest-bearing securities and warrants as well as cash deposits. This is accomplished by direct investment into the Foord International Fund, a master fund domiciled in Luxembourg.

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Investor Profile

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.

Performance history   Info

Fund Characteristics

Benchmark

The rand equivalent of the US Headline Consumer Price Index.

significant restrictions

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

Income Distributions

End-February and end-August each year.

Income Characteristics

Marginal to zero income yield as the Foord International Fund (FIF) is a roll-up fund and does not distribute income.

Portfolio Orientation

Fully invested in Foord International Fund (FIF), sub-fund of Foord SICAV, allowing South African investors to diversify investment risk and hedge against ZAR depreciation.

Foreign Assets

Invests in the Foord International Fund (FIF), sub-fund of Foord SICAV, a conservative multi-asset class fund priced in US dollars and domiciled in Luxembourg.

Risk of loss

High in periods less than one year. The rand/dollar exchange rate adds volatility over the short term.

Time Horizon

Longer than 3 years

Suitable Investors

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.

Fee Structure

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 Fund.

Fund Manager

Minimum Investment

R50 000 lump sum or R1 000 per month