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IP High Conviction Equity Fund Summary Fact Sheet
South African--Equity--General
 
Technical Overview
Formation Date: 4 Dec 2012
Holdings: n/a
Original Price: n/a
Pricing System: Forward
 
Price (A - Class)
 
Management
Armin Diem, B Soc Sc (Hons) Economics, CFA
Armin began his career at Protea Assurance as an Analyst and Fund Manager of life funds. He then joined Appleton as Head of SA Asset Management for 5 years and International Asset Management for 1 year.

Armin then formed his own asset management company called Alpha Macro Fund Managers and managed the Sasfin Managed Fund and Absolute Alpha Long/Short Equity Fund for 8 years. Armin has 25 years fund management experience.
 
Ranking
Sector: South African-Equity-General
Fund Size: R77 928 531 (as at 31 Mar 2020)
Sector Rank: 116 out of 175
(lump sum over 1 years to 30 Jun 2020)
Overall Rank: 1175 out of 1319
(lump sum over 1 years to 30 Jun 2020)
R1000 invested on 30 Jun 2019 was worth R886.72 on 30 Jun 2020 (-11.33% annual compound return)
R100 per month since 30 Jun 2019 was worth R1 165.26 on 30 Jun 2020 (-5.43% 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 MitonOptimal IP High Conviction Equity Fund is a concentrated general equity fund. The investment objective of the portfolio is to maximise long term total returns by outperforming the FTSE JSE SWIX Index over 3 to 5 years.

The fund will typically hold no more than 20 stocks at any point in time. This results in a concentrated portfolio which reflects MitonOptimal's best investment view on the opportunities available in the local share market. The emphasis is on active stock selection and the portfolio is constructed on a basis, often
resulting in performance that is very different to that produced by the overall market. The Fund will not invest in foreign markets or other asset classes, but may hold foreign shares listed on the JSE. The holdings in the portfolio are selected from all of the economic sectors, including resources, financials and industrials and may include small/mid and large cap stocks within regulatory limits. It may invest in a broad range of participatory interests and other forms of participation in schemes covering a broad range of investment philosophies in order to achieve a portfolio that reflects the investment objectives of the portfolio.
 
Latest Fund Manager Comment / News
The IP High Conviction Equity Fund is a domestic, general equity portfolio. The  ...more
 
News Archive
Click here for complete news archive for this fund.
 
Top Holdings on 31 Mar 2020
Share No Units Value (Rm) % of Fund
NASPERS-N 3 477 8.91 11.43%
ANGLO 20 111 6.35 8.15%
BHP 19 809 5.36 6.88%
STANBANK 49 114 5.04 6.47%
MONDIPLC 15 554 4.70 6.03%
Totals   30.36 38.95%
 
Comparative Performance
 
Portfolio Structure as at 31 Mar 2020
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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