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24.64  /  0.39%

6282.19

NAV on 2021/01/25
NAV on 2021/01/22 6257.55
52 week high on 2021/01/11 6288.11
52 week low on 2020/03/19 4567.92
Total Expense Ratio on 2020/12/31 1.08
Total Expense Ratio (performance fee) on 2020/12/31 0.12
NAV
Incl Dividends
1 month change 5.93% 5.93%
3 month change 9.48% 9.48%
6 month change 8.26% 8.92%
1 year change 10.05% 12.15%
5 year change 3.71% 6.41%
10 year change 0% 0%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Additional 1212.98 4.81%
Basic Materials 1550.16 6.14%
Consumer Goods 2323.14 9.21%
Consumer Services 2221.89 8.80%
Financials 2244.57 8.89%
General Equity 57.50 0.23%
Health Care 935.55 3.71%
Industrials 349.23 1.38%
Liquid Assets 4654.32 18.44%
Technology 263.88 1.05%
Telecommunications 74.03 0.29%
Offshore 9350.00 37.05%
  • Top five holdings
GOVTISSUPAPER 4029.35 15.97%
CONSUMERGDS 2323.14 9.21%
CONSUMERSRVS 2221.89 8.8%
BASICMATERIAL 1550.16 6.14%
FINANCIALS 1432.14 5.67%
  • Performance against peers
  • Fund data  
Management company:
Foord Unit Trusts Limited
Formation date:
2002/08/30
ISIN code:
ZAE000164901
Short name:
U-FRDBALA
Risk:
Unknown
Sector:
South African--Multi Asset--High Equity
Benchmark:
Market value weighted average return of the South African - Multi Asset - High Equity unit trust sector, excl Foord Balanced Fund
Email
unittrusts@foord.co.za

Website
http://www.foord.co.za

Telephone
021-532-6969

  • Fund management  
Dave Foord
Dave Foord founded Foord Asset Management in 1981. Foord remains an independent, owner-controlled portfolio management business that focuses exclusively on investment management. For 30 years, Dave and the team at Foord have been delivering returns for their clients well in excess of market benchmarks. They have achieved this by consistently taking a long-term view and a contrarian approach when necessary.
Daryll Owen
William Fraser
Nick Balkin


  • Fund manager's comment

Foord Balanced comment - Sep 19

2019/10/07 00:00:00
*Global equities (+2.1% in US dollars) recovered August¡¦s losses, led higher by Japan (+4.0%) on solid earnings and Europe (+2.7%) on lower interest rates and a central bank stimulus surprise ¡V the US (+1.7%) also rose on the second Fed interest rate cut in two months, while emerging markets (+1.9%) also advanced
*Developed market bond yields were mostly unchanged after expected interest rate cuts from the US Federal Reserve and European Central Bank ¡V US markets have priced in a further quarter-point interest rate cut in 2019 despite more hawkish Fed comments
*The oil price (+0.6%) ended slightly higher after initially spiking following a missile strike on a Saudi refinery generating 5% of world supply ¡V the price fell back through month end despite escalating US/Iran tensions with output expected to resume fairly quickly
*The FTSE/JSE Capped All Share Index (+0.3% in rands) rose as unexpectedly benign comments from Moodys pushed financials (+3.5%) higher ¡V industrials (-0.7%) fell and resources (-1.1%) were dragged lower by a sharply weaker gold mining (-14.9%) sector as precious metals fell on improved risk sentiment
*The All Bond Index (+0.5%) was marginally up as the South African Reserve Bank kept interest rates steady ¡V the excessively steep yield curve provided a buying opportunity for options on longer dated government bonds given the rising probability of a shift down in long-term rates
*Property (+0.3%) was up slightly with a strong performance contribution from core holding Capital & Counties (+15.6%) ¡V the fund has a low exposure to the sector with its investment in select niche property companies
*The rand (+0.4% vs the US dollar) advanced strongly intra-month but weakened latterly ¡V SA recorded a surprisingly robust trade surplus in August on improved commodity exports
*The fund is defensively constructed given the elevated global risk environment and weak South African economy ¡V good diversification and high levels of liquidity position the portfolio exceptionally well for the unfolding environment
  • Fund focus and objective  
Investors whose risk tolerance is below that of pure equity fund investors and those who require the asset allocation decision to be made for them, within prudential guidelines. Because the fund complies with Regulation 28, it is ideally suited to being a substantial component of any retirement savings portfolio and is especially suitable for retirement funds, pension fund members and holders of contractual savings products. Available as a tax free investment account.
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