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Investec Opportunity Fund (B3)

South African - Multi Asset - High Equity
Code:INOCD
Inception:03 Sep 2000

Latest Price : 19 Aug 2014 R 9.08
12mth Sector Rank43 / 45
12mth Overall Rank264 / 362
12mth Volatility vs Sector Average0.88
Equinox Buy FeesWholesale0.000%
Management Company Annual Fees:***2.34%
PSG Annual Admin and Platform Fee[details]
TER Ratio4.71%
TER Performance2.18%
TER Date30 Sep 2013
Latest Total AssetsR 37,533.9m
Assets at end March 2014R 36,563.7m
Previous QuarterR 35,566.3m
Move+ R 997.3m
Income Declaration and Payment
DeclarationTwice a year: End of March and end of September
PaymentWithin 5 business days
Performance to 19 Aug 2014 ++
InvestedPriceIncomeTotal
3 months0.68%- -0.68%
6 months3.58%- -3.58%
1 year10.25%- -10.25%
3 years46.20%0.54%46.74%
5 years75.61%1.32%76.92%
Price History
Fees include VAT.
* Published Retail Buy Fee is always the highest fee charged by the Management company.
*** Management Company Annual Fees are automatically worked into price and distributions paid. ++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
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) measured over 3 to 5 years.

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. The fund has a performance fee, calculated as follows: 20% over CPI +2% capped at 4%

Performance fee: 0.95% + Performance fee. The fund managers shares in the fund performance above the fee hurdle of Headline CPI +2%. If the fund performs in line with this hurdle then the Class A and B annual management fee is 0.95%.

Please note that PSG Online clients should invest in the A class of this fund

 
Top Holdings at end March 2014
Holding% of Fund
INTL EQU UNIT TRUST16.64%
ZAR Cash12.17%
SASOL5.32%
BATS5.14%
ASSORE4.91%
STEINHOFF4.57%
INTL EQUITY4.40%
INTL CASH4.35%
NEWGOLD2.46%
MTN GROUP2.28%
Total % 62.24%
Asset Allocation at end March 2014
Top Holdings at end December 2013
Holding% of Fund
INTL EQU UNIT TRUST16.96%
ZAR Cash13.28%
SASOL5.30%
BATS5.03%
INTL EQUITY4.46%
ASSORE4.16%
STEINHOFF4.16%
INTL CASH3.29%
MTN GROUP2.36%
NEWGOLD2.36%
Total % 61.36%
Top Holdings at end September 2013
Holding% of Fund
INTL EQU UNIT TRUST15.91%
ZAR Cash12.80%
ASSORE5.50%
SASOL5.12%
BATS4.86%
BONDS4.78%
INTL EQUITY4.71%
STEINHOFF3.40%
INTL CASH2.73%
CONSGDSLESS12.59%
Total % 62.40%
 

 

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