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Alexander Forbes Investments Equity Fund of Funds Summary Fact Sheet
South African--Equity--General
 
Technical Overview
Formation Date: 17 Sep 2001
Holdings: 108
Original Price: 100
Pricing System: Forward
 
Price (A - Class)
 
Management
Glenn T Silverman, BCom; BAcc CA (SA); CFA
Glenn qualified as a chartered accountant in 1990 after completing his articles with firm Kessel Feinstein. He then spent two years in commerce before joining a major asset management company where he gained two and a half years practical experience in research and fund management. He worked for the RMB Asset Management team before joining Investment Solutions
 
 Alexander Forbes Investments
 
Ranking
Sector: South African-Equity-General
Fund Size: R94 966 723 (as at 31 Mar 2020)
Sector Rank: 39 out of 175
(lump sum over 1 years to 30 Jun 2020)
Overall Rank: 977 out of 1319
(lump sum over 1 years to 30 Jun 2020)
R1000 invested on 30 Jun 2019 was worth R976.62 on 30 Jun 2020 (-2.34% annual compound return)
R100 per month since 30 Jun 2019 was worth R1 207.42 on 30 Jun 2020 (1.14% annual return compounded monthly)
 
Please note that domestic fund performance figures are calculated on a NAV-NAV basis including dividends reinvested on the reinvestment date, ETFs are reinvested on the ex-div date.
   
Focus and Objective
The Alexander Forbes Equity Fund of Funds will seek to provide returns above benchmark with greater diversification than traditional equity funds. The universe will consist of all equity CIS portfolios. Investment into other Fund of Funds CIS portfolios is not permitted. The Investment Solutions Multi-Manager Equity Unit Trust Fund of Funds portfolio will compete directly with other Equity Funds of Funds in the South African market. The fund is a medium risk equity portfolio aimed at adding value through buying participatory interests of other collective investment scheme portfolios. Investments to be included in the fund will, apart from assets in liquid form, consist solely of participatory interests in local and global portfolios in equities (including listed property) as legislation permits. With respect to participatory interests of portfolios operated outside of South Africa, the Manager and the Trustees will first satisfy themselves that the regulatory environment in which these portfolios are operated are of a sufficient standard to provide investors protection, as a minimum, equivalent to that in South Africa. The portfolio will have a minimum exposure of 80% in equities. Investments to be included in the portfolio will, apart from assets in liquid form, invest solely in a range of participatory interests of portfolios of collective investment schemes that have exposure to domestic and offshore equities, listed property, listed and unlisted financial instruments, as permitted by the Collective Investment Schemes Control Act no. 45 of 2002 (“CISCA”), and subordinate legislation promulgated thereunder. With respect to participatory interests of portfolios operated outside of South Africa, the manager and the trustees will first satisfy themselves that the regulatory environment in which these portfolios are operated, are of a sufficient standard to provide investors protection, as a minimum, equivalent to that in South Africa. The portfolio will be diversified among investment styles. The effective exposure of equities, excluding listed property, will vary in accordance with the requirements of the South African Equity General Portfolios ASISA Fund classification category, as amended from time to time. The manager will be permitted to invest, on behalf of the portfolio, in offshore investments, as legislation permits. There are no additional mandate investment limitations.
 
Latest Fund Manager Comment / News
The portfolio is a high-risk equity portfolio aimed at adding value through buying  ...more
 
News Archive
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Top Holdings on 31 Mar 2020
Share No Units Value (Rm) % of Fund
U-CORTP20 269 733 28.94 30.47%
U-ABSSEEQ 6 238 760 27.70 29.17%
U-BCIGENE 34 292 082 26.27 27.66%
U-INVVAL 946 684 11.31 11.91%
Totals   94.22 99.21%
 
Comparative Performance
 
Portfolio Structure as at 31 Mar 2020
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Dividend Data
Click here for Dividend History for this fund.
 
Fees and Charges
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Sectoral Information
Click here for Sectoral Information for this fund.
 


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