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FG IP Mercury Equity Fund of Funds Summary Fact Sheet
South African--Equity--General
 
Technical Overview
Formation Date: 15 Aug 2005
Holdings: 6
Original Price: 1000
Pricing System: Forward
 
Price (A - Class)
 
Management
 FG Asset Management
FG Asset Management (FGAM) comprises the founders of the Firstglobal group, most of whom are approved as investment managers by the Financial Services Board, each having in excess of 10 years experience as financial advisors and discretionary portfolio managers. With a view to ensuring that the multi-manager services provided by FGAM include specialist and quantitative investment expertise, we have entered into a strategic partnership with the Analytics Group, one of the leading multi-manager and investment consulting operations in South Africa, who form part of the investment committee, in an advisory capacity.
 
Ranking
Sector: South African-Equity-General
Fund Size: R250 419 528 (as at 30 Sep 2019)
Sector Rank: 76 out of 135
(lump sum over 1 years to 30 Nov 2019)
Overall Rank: 729 out of 929
(lump sum over 1 years to 30 Nov 2019)
R1000 invested on 30 Nov 2018 was worth R1 064.71 on 30 Nov 2019 (6.47% annual compound return)
R100 per month since 30 Nov 2018 was worth R1 214.70 on 30 Nov 2019 (2.25% 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 fund invests in a portfolio of collective investment schemes aimed at outperforming the FTSE/JSE All Share Index over the long-term. The fund is suitable for investors who are prepared to accept a high level of volatility in seeking long term growth. Investors in this fund should be willing to accept a higher, though calculated risk. The fund is a fund of funds which is actively managed and has exposure to general equity funds. The fund may have exposure to specialist funds. Additional Fund information o The annual fees referred to above include the annual fees (0.20% exc VAT) payable to FG Asset Management. o The annual fees for Class B include the administrator's annual fee and the annual fee payable to your financial advisor. For more information regarding this class, please contact your financial advisor. o At least 85% of the assets will be invested in South Africa at all times and up to 15% of the assets may be invested offshore at any point in time. o The fund will have an equity exposure of at least 75% at all times. o The fund manager may borrow up to 10% of the market value of the portfolio to bridge insufficient liquidity. o A fund of fund unit trust only invests in other unit trusts, which levy their own charges, which could result in a higher fee structure for these funds. o Total Expense Ratio (TER): For the period from 1 January 2007 to 31 March 2007 TER's of the average net asst value of the portfolio were incurred as charges, levies and fees related to the management of the portfolio. A higher TER does not necessarily imply a poor return, nor does a low TER imply a good return. The current TER's cannot be regarded as an indication of future TER's.
 
Latest Fund Manager Comment / News
FG IP Mercury Equity Fund of Funds - Sep 19
The FG IP Mercury Equity Fund of Funds returned +1.30% in September, outperforming the  ...more
 
News Archive
Click here for complete news archive for this fund.
 
Top Holdings on 30 Sep 2019
Share No Units Value (Rm) % of Fund
U-GRYTRAC 5 514 630 37.00 14.78%
U-PSGGROW 2 450 785 24.47 9.77%
U-36TARGE 4 550 504 24.36 9.73%
U-TRUFGEN 11 590 458 24.16 9.65%
U-PRUOPTI 1 825 654 23.61 9.43%
Totals   133.60 53.35%
 
Comparative Performance
 
Portfolio Structure as at 30 Sep 2019
Click here for complete portfolio for this fund.
 
Dividend Data
Click here for Dividend History for this fund.
 
Fees and Charges
Click here for fees and charges for this fund.
 
Sectoral Information
Click here for Sectoral Information for this fund.
 


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