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Foord Flexible Fund of Funds

For unconstrained investors seeking long-term inflation-beating returns

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INVESTMENT OBJECTIVE

Exploiting the benefits of global diversification, the fund aims to provide investors with an after-fee return of 5% per annum above SA inflation.

FOR SOUTH AFRICAN INVESTORS

•    With a moderate risk profile
•    Seeking long-term inflation-beating returns over periods exceeding five years
•    Requiring balanced exposure to South African and global investments.

FUND MANAGERS

Dave Foord

Founder and Portfolio Manager

Performance

Returns
Year Fund Return % Benchmark Return % SA Inflation %
2008 (from 01/Apr) -9.3 9.1 5.4
2009 13.8 11.3 6.3
2010 16.9 8.5 3.5
2011 15.0 11.1 6.1
2012 26.4 10.7 5.7
2013 35.0 10.4 5.4
2014 10.0 10.3 5.3
2015 20.6 10.2 5.2
2016 -4.4 11.8 6.8
2017 5.6 9.7 4.7
2018 -0.7 9.5 4.5
2019 13.7 9.0 4.0
2020 14.8 8.1 3.1
2021 10.3 10.9 5.9
2022 0.2 12.2 7.2
2023 12.0 10.1 5.1
2024 (to 30/Apr) 3.2 4.0 2.5

Characteristics
Benchmark

CPI +5% per annum, which is applied daily using the most recently available inflation data and accordingly will be lagged on average by 5 to 6 weeks
Time horizon

Longer than five years.
Inception date

1 April 2008
Minimum investment

R50 000 lump sum or R1 000 per month
Significant restrictions

None. The fund is unconstrained.
Income distributions

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

Low to medium income yield depending on the asset allocation strategy employed as the foreign asset component is invested in roll-up funds which do not distribute their 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 predominantly via Foord International Fund (a conservative, multi-asset class fund) and Foord Global Equity Fund Luxembourg (a portfolio of global shares and cash). Both funds are sub-funds of Foord SICAV domiciled in Luxembourg and are priced in US dollars.
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.
Top 10
Security description Asset class Market Portfolio weight %
Naspers -N- Equity ZA 4.1
Aspen Equity ZA 4.0
Prosus Equity ZA 4.0
Anheuser-Busch Equity ZA 2.7
Sasol convertible 4.5% Bond US 2.6
RSA 9.0% (R2040) Bond ZA 2.1
NewGold Commodity ZA 2.1
Alibaba Group Holding Equity HK 1.9
Wheaton Precious Metals Equity US 1.8
Freeport-McMoran Equity US 1.8
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.

Invest now

WHAT IF YOU HAD INVESTED WITH US IN THE PAST?

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

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 Flexible Fund of Funds - Fact Sheet - April 2024 Foord Flexible Fund of Funds - 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