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Ashburton Property Tracker Fund Summary Fact Sheet
South African--Real Estate--General
 
Technical Overview
Formation Date: 4 Jul 2016
Holdings: n/a
Original Price: n/a
Pricing System: Forward
 
Price (A - Class)
 
Management
Stuart Wocke
 
Ranking
Sector: South African-Real Estate-General
Size: R151 574 736
Sector Rank: 28 out of 43
(lump sum over 1 years to 30 Apr 2018)
Overall Rank: 1058 out of 1176
(lump sum over 1 years to 30 Apr 2018)
R1000 invested on 30 Apr 2017 was worth R988.85 on 30 Apr 2018 (-1.12% annual compound return)
R100 per month since 30 Apr 2017 was worth R1 157.07 on 30 Apr 2018 (-6.74% 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
1 The objective of the Ashburton Property Tracker Fund is to track the full economic performance of the underlying index, FTSE/JSE SA Property Listed Index (J253T), and to focus on achieving a total compound annual return which will substantially equate to the compound annual return of the Portfolio benchmark, as adjusted to take into account transaction and other costs and assets in liquid form.
2 The Portfolio will be passively managed in that the Manager will not buy and sell securities based on economic, financial and/or market analysis but rather, will buy and sell securities solely for the purpose of ensuring that the Portfolio tracks the Index. As such the investment objective and style of the Portfolio will be full replication of the Index. Accordingly the financial or other condition of any company or entity included from time to time in the Index will not result in the elimination of its securities from the Portfolio, unless the securities of such company or entity are removed from the Index itself. Trading in other instruments replicating the index as permissible by the Act will be allowed. The Portfolio is permitted to use financial instruments for efficient portfolio management purposes.
3 The Portfolio may apart from assets in liquid form also include participatory interests or any other form of participation in portfolios of collective investment schemes or other similar schemes. Where the aforementioned schemes are operated in territories other than in South Africa, participatory interests or any other form of participation in these schemes will be included in the Portfolio only where the regulatory environment is to the satisfaction of the Manager and Trustee and is of a sufficient standard to provide investor protection at least equivalent to that in South Africa.
4 Nothing in the supplemental deed shall preclude the Manager from varying the ratios of asset allocation and securities, to maximise capital growth and investment potential in changing economic environments or market conditions or to meet the requirements, if applicable, of any exchange formally recognised in terms of legislation and from retaining cash or placing cash on deposit in terms of the deed and any supplemental deeds thereto; provided that the Manager shall ensure that the aggregate value of the assets comprising the Portfolio shall consist of securities of the aggregate value required from time to time by the Act.
5 The Trustee shall ensure that the investment policy set out in this supplemental deed, the deed and in all supplemental deeds thereto is carried out.
6 For the purpose of this Portfolio, the Manager in consultation with the Investment Manager shall reserve the right to close the Portfolio to new investors on a date determined by the Manager. This will be done in order to be able to manage the Portfolio in accordance with its mandate. The Manager may, once a portfolio has been closed, open that portfolio again to new investors on a date determined by the Manager.
 
Latest News
Monday, 19 September 2016
The Portfolio will be passively managed in that the Manager will not buy and sell  ...more
 
News Archive
Click here for complete news archive for this fund.
 
Top Holdings on 31 Mar 2018
Share No Units Value (Rm) % of Fund
GROWPNT 1 231 832 35.00 23.09%
REDEFINE 2 250 638 26.08 17.21%
NEPIROCK 149 827 17.23 11.37%
HYPROP 108 565 12.14 8.01%
FORTRESSA 506 726 8.10 5.35%
Totals   98.55 65.02%
 
Comparative Performance
 
Portfolio Structure as at 31 Mar 2018
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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