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Risk Rank: 5/10

Investec Opportunity Fund (B)

Domestic - Asset Allocation - Flexible
Code:INOP
Inception:01 Sep 2003

Latest Price : 08 Sep 2010 R 5.85
12mth Sector Rank11 / 47
12mth Overall Rank134 / 482
12mth Volatility vs Sector Average1.08
Published Retail Buy Fee*0.29%
Equinox Buy FeesWholesale0.000%
+ Our Fee**0.285%
Management Company Annual Fees:***1.42%
Equinox Annual Fees:[details]
Latest Total AssetsR 10,181.9m
Assets at end June 2010R 9,247.4m
Previous QuarterR 8,770.8m
Move+ R 476.6m
Income Declaration and Payment
DeclarationTwice a year: End of March and end of September
PaymentWithin 15 days of declaration
View Distributions
Performance to 08 Sep 2010 ++
InvestedPriceIncomeTotal
3 months3.81%- -3.81%
6 months0.95%0.58%1.53%
1 year11.29%0.63%11.92%
3 years6.44%14.59%21.04%
5 years49.44%26.66%76.10%
Price History
Fees include VAT. * Published Retail Buy Fee is always the highest fee charged by the Management company. ** Equinox buy fees are subject to a minimum and a maximum. [More Details] *** Management Company Annual Fees are automatically worked into price and distributions paid. [More Details] ++Price performances are based on historical price data, using a NAV price by NAV price comparison and exclude Equinox fees and management company initial fees. Income performances are based on interest and dividend distributions of the fund.
Fund Manager
Photo
Clyde Rossouw
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Fund Overview

Objectives: The fund manager aims to achieve total returns in excess of inflation on a consistent basis.  The fund manager uses  stock picking in the equity portion to further enhance performance.

Benchmark: CPIX + 6% (net of fees)

Universe:Regulation 28 of the Pension Fund Act currently limits equity exposure to 75% of the fund (90% including listed property).

Fund strategy/ rationale: The fund has an equity-centric focus that aims to generate inflation beating total returns over a three year rolling period at a lower level of volatility than most managed funds. 

Other: Equinox investors should invest in the B class of the fund. The details of the R class are displayed in order that prospective investors can evalueate the longer performance history of the R class fund. The assets of the Fedsure Wealth Specialist Fund were merged with the Investec Opportunity Fund on October 1st, 2001, following the merger of the two companies.

 
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Top Holdings at end June 2010
Holding% of Fund
ZAR Cash29.14%
INTL EQUITY8.81%
INTL EQU UNIT TRUST5.44%
ASSORE3.80%
NEWGOLD3.02%
STANBANK2.88%
SASOL2.75%
MTN GROUP2.54%
STEINHOFF2.35%
INTL MM UNIT TRUST2.31%
Total % 63.04%
Asset Allocation at end June 2010
View All
Top Holdings at end March 2010
Holding% of Fund
ZAR Cash10.83%
INTL EQUITY7.10%
INTL EQU UNIT TRUST5.91%
Investec Money Market - A5.09%
ASSORE4.21%
STANBANK3.32%
MMI 2010093.25%
SASOL3.20%
STEINHOFF2.78%
MTN GROUP2.74%
Total % 48.43%
View All
Top Holdings at end December 2009
Holding% of Fund
ZAR Cash11.67%
INTL EQUITY7.10%
Investec Corporate Money Market - E5.66%
INTL EQU UNIT TRUST4.72%
ASSORE4.27%
STANBANK3.28%
STEINHOFF3.21%
MTN GROUP3.03%
INTL MM UNIT TRUST2.99%
IMPLATS2.88%
Total % 48.81%
 

 

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