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Company Funds

Sector Funds

Investec Opportunity Fund (B3)

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

Latest Price : 23 May 2013	R 8.07
12mth Sector Rank	31 / 37
12mth Overall Rank	206 / 305
12mth Volatility vs Sector Average	0.93

Equinox Buy Fees	Wholesale	0.000%

Management Company Annual Fees:***		2.34%
PSG Annual Admin and Platform Fee		[details]

TER Ratio	4.56%
TER Performance	2.07%
TER Date	31 Mar 2013

Latest Total Assets	R 32,208.8m
Assets at end March 2013	R 30,892.6m
Previous Quarter	R 29,636.3m
Move	+ R 1,256.3m

Income Declaration and Payment
Declaration	Twice a year: End of March and end of September
Payment	Within 5 business days

View Distributions

Performance to 23 May 2013 ⁺⁺

Invested	Price	Income	Total
3 months	3.56%	- -	3.56%
6 months	5.25%	- -	5.25%
1 year	15.82%	- -	15.82%
3 years	44.93%	1.09%	46.01%
5 years	- -	- -	- -

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

Clyde Rossouw
Read more...

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

View All Top Holdings at end March 2013
Holding	% of Fund
INTL EQU UNIT TRUST	17.20%
ZAR Cash	16.16%
SASOL	4.83%
INTL EQUITY	4.56%
BATS	4.39%
ASSORE	4.19%
NewGold	3.16%
TIGBRANDS	2.58%
INTL CASH	2.33%
MTN GROUP	2.28%
Total %	61.68%

Asset Allocation at end March 2013

View All Top Holdings at end December 2012
Holding	% of Fund
ZAR Cash	15.79%
INTL EQU UNIT TRUST	13.96%
ASSORE	5.74%
INTL EQUITY	5.11%
BATS	3.95%
SASOL	3.51%
MTN GROUP	3.23%
NEWGOLD	3.18%
INTL CASH	3.11%
TIGBRANDS	2.97%
Total %	60.55%

View All Top Holdings at end September 2012
Holding	% of Fund
ZAR Cash	16.04%
INTL EQU UNIT TRUST	13.91%
ASSORE	5.06%
INTL EQUITY	4.23%
SASOL	3.92%
NEWGOLD	3.62%
BATS	3.32%
INTL CASH	3.26%
MTN GROUP	3.18%
TIGBRANDS	2.72%
Total %	59.26%

Terms and Conditions | Conflict of Interest [PDF]

PSG Online Solutions (Pty) Ltd is an authorised Financial Service Provider FSP No. 42524

All investments, including unit trusts, carry risk. The value of your investments can go down as well as up. Information and opinion provided on this website is of a general nature. It does not take into account any person's specific circumstances. It is not intended to provide personalised financial advice, and should not be construed as such.