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Foord Conservative Fund

For conservative, medium-term investors in South African retirement fund products

INVEST NOW

INVESTMENT OBJECTIVE

Managed to comply with the statutory investment limits set for retirement funds in South Africa, the fund aims to provide conservative, medium-term investors with inflation-beating returns over rolling three-year periods.

FOR SOUTH AFRICAN INVESTORS

•    With a conservative risk profile
•    Close to or in retirement
•    Seeking medium-term, inflation-beating returns
•    Over time horizons of less than five years.
•    From a South African retirement fund investment product (Reg 28).

FUND MANAGERS

Nick Balkin

Chief Investment Officer and Portfolio Manager

Dave Foord

Founder and Portfolio Manager

Performance

Returns
Year Fund Return % Benchmark Return % SA Inflation %
2014 8.6 9.3 5.3
2015 9.2 9.2 5.2
2016 0.3 10.8 6.8
2017 7.3 8.7 4.7
2018 1.3 8.5 4.5
2019 12.8 8.0 4.0
2020 9.0 7.1 3.1
2021 11.2 9.9 5.9
2022 3.6 11.2 7.2
2023 12.0 9.1 5.1
2024 (to 30/Apr) 2.2 3.7 2.5

Characteristics
Benchmark

CPI +4% per annum, which is applied daily using the most recently available inflation data and accordingly will be lagged on average by five to six weeks.
Time horizon

Shorter than five years.
Inception date

2 January 2014
Minimum investment

R50 000 lump sum or R1 000 per month
Significant restrictions

Maximum equity exposure of 60%: maximum offshore exposure of 45%; complies with pension fund investment regulations (Regulation 28).
Income distributions

End-March and end-September each year.
Income characteristics

Typically more than double that of the FTSE/JSE All Share Index dividend yield. The income yield is affected by the level of performance fees accrued.
Portfolio orientation

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

Foreign asset exposure is obtained predominantly via Foord International Fund (a conservative, multi-asset class fund), sub-fund of Foord SICAV domiciled in Luxembourg and Foord Global Equity Fund (a portfolio of global shares and cash), domiciled in Singapore. Both funds are priced in US dollars.
Risk of loss

Medium in periods shorter than six months. Low in periods greater than one year.
Top 10
Security description Asset class Market Portfolio weight %
Foord International Fund Foreign assets LU 17.4
Foord Global Equity Fund Foreign assets SG 13.7
RSA 1.875% (I2029) Bond ZA 6.1
RSA 8.875% (R2035) Bond ZA 5.8
Prosus Equity ZA 3.9
RSA 8.5% (R2037) Bond ZA 3.5
NewGold Commodity ZA 3.5
RSA 8.25% (R2032) Bond ZA 2.9
Aspen Equity ZA 2.6
Anheuser-Busch Equity ZA 2.0
Fees

The fee is a performance based fee that varies around the at-benchmark fee rate as disclosed on the fact sheet. The daily fee rate is adjusted up or down based on the portfolio’s one-year rolling return relative to that of its benchmark. Minimum fee rates apply, but no fees are levied when the annual net return falls below zero. Fees accrue in the Foord global funds as disclosed.

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WHAT IF YOU HAD INVESTED WITH US IN THE PAST?

Experience the compounding phenomenon of a sustained, long-term investment with the Foord International Fund.

Calculate
Using rand returns of Foord’s best investment view South African funds. ? In calculating the current value of your hypothetical investment, we have applied the returns of Foord Asset Management’s retirement fund track record from 1 January 1990 to 31 March 2008 (gross of fees) combined with the net returns of the Foord Flexible Fund of Funds from 1 April 2008. Any information provided is not intended nor does it constitute financial, tax, legal, investment, or other type of advice, and the suitability or potential value of any information or particular investment source is not guaranteed. Performance may be affected by changes in the market or economic conditions and legal, regulatory and tax requirements. Distributions may be subject to mandatory withholding taxes. Foord does not provide any guarantee either with respect to the capital or the performance return of investments.
Using US dollar returns of Foord’s best investment view global fund. ? In calculating the current value of your investment, we have applied the long-term returns of the Foord International Trust. These returns are calculated net of fees. Past performance is no guarantee of future performance. Foord Asset Management (Singapore) Pte. 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.
Value Today: R0
Annualised Return: 0%
The annualised return is the effective annual percentage return achieved over the term of the investment. Results for an investment term of less than one year should be treated with caution.

Document Downloads

Performance Data History Price History Data Foord Conservative Fund - Fact Sheet - April 2024 Foord Conservative Fund - Foord Investment Report Q1 2024

Insights

08 May 2024

Quarterly Conversations Q1 2024 I Foord South African Equity

Linda Eedes talks to portfolio manager Wim Murray about how Foord’s South African equity strategies have performed, what’s happening in the market and how Foord is positioned going forward.

Listen now

08 May 2024

Quarterly Conversations Q1 2024 I Foord Multi Asset

Linda Eedes talks to Foord South Africa Chief Investment Officer Nick Balkin about how Foord’s multi-asset strategies have performed, what’s happening in the market and how Foord is positioned going forward.

Listen now
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Foord Asset Management

TEL: +27 (0)21 532 6988

FAX: +27 (0)21 532 6999

INFO@FOORD.CO.ZA