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Portfolio details
Nedgroup Investments Stable Fund
Portfolio objective
The unit trust portfolio seeks to offer investors total returns that are in excess of inflation over the medium term. A maximum of 40% of the portfolio's assets may be invested in equities at all times. The portfolio complies with Regulation 28 of the South African Pension Funds Act.
Investor profile
The unit trust portfolio is suitable for conservative investors requiring a high level of capital protection, with the potential for capital growth through a low exposure to equity markets relative to the average prudential portfolio, and who do not wish to make complex asset allocation decisions between equities, cash and bonds, both locally and offshore.
Diversification across all asset classes and a maximum equity exposure of 40% helps to reduce risk and volatility relative to an average prudential portfolio.
Sector
Domestic - Asset Allocation - Prudential Low Equity
Benchmark
CPI + 4% pa over rolling 3-year periods
Risk rating
Low to medium
Appropriate term
Minimum 3 years
Income distributions
30 June, 31 December
Inception date
1 November 2007
Minimum investments
Lump sum R10,000 / Monthly debit order R500
Fees (including VAT)
Initial fee: 0%
Financial planning fee: max 3.42%
Annual portfolio management fee (A): 0 - 2.85%*
*Performance fee calculated daily as 10% of total positive performance above high watermark, limited to a maximum of 2.85% (including VAT) over any rolling 12-month period.
Annual portfolio management fee (A1): 0.57% - 3.42%*
*Base fee: 0.57% plus performance fee calculated daily as 10% of total positive performance above high watermark, limited to a maximum of 2.85% (including VAT) over any rolling 12-month period.
Price & Performance
Performance:
| 1 year to 31 Dec 2011: | 11.1% pa |
| 3 years to 31 Dec 2011: | 11.3% pa |
| 5 years to 31 Dec 2011: | - |
| 7 years to 31 Dec 2011: | - |
| 10 years to 31 Dec 2011: | - |
Price at 03/02/2012:
| Class: R | | | Price: - |
| Class: A | | | Price: 122.23 |
| Class: A1 | | | Price: - |
| Class: B | | | Price: - |
Top Shares at 31/12/2011
| Share: | % Fund |
|---|---|
| New Gold Issuer Ltd | 2.8 |
| Redefine Income Fund Ltd | 2.4 |
| Foord Compass Ltd-Debentures | 2.3 |
| Standard Bank Group Ltd | 2.1 |
| RSA 2.75% 31/01/2022 | 2.0 |
| Bidvest Group Ltd | 1.9 |
| BHP Billiton Plc | 1.9 |
| Edcon Bond 15/06/2014 | 1.8 |
| Steinhoff International Holdings Ltd | 1.8 |
| Woolworths Holdings Ltd | 1.8 |
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Dave Foord
Dave Foord founded Foord Asset Management in...
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