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68.4  /  0.98%


NAV on 2019/09/13
NAV on 2019/09/12 6946.46
52 week high on 2018/09/21 7633.36
52 week low on 2019/08/16 6609.63
Total Expense Ratio on 2019/06/30 0.21
Total Expense Ratio (performance fee) on 2019/06/30 -0.49
NAV Incl Dividends
1 month change 4.33% 6.12%
3 month change -3.88% -2.23%
6 month change -0.46% 1.25%
1 year change -8.29% -4.79%
5 year change -2.51% 0.27%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Additional 65.69 1.03%
Basic Materials 1026.00 16.14%
Consumer Goods 1031.38 16.22%
Consumer Services 1550.64 24.39%
Financials 1314.39 20.67%
General Equity 127.06 2.00%
Health Care 404.28 6.36%
Industrials 208.20 3.27%
Liquid Assets 478.43 7.52%
Technology 86.79 1.36%
Telecommunications 65.85 1.04%
  • Top five holdings
CONSUMERSRVS 1550.64 24.39%
FINANCIALS 1314.39 20.67%
CONSUMERGDS 1031.38 16.22%
BASICMATERIAL 1026.00 16.14%
FINANCEINSTIT 478.43 7.52%
  • Performance against peers
  • Fund data  
Management company:
Foord Unit Trusts Limited
Formation date:
ISIN code:
Short name:
South African--Equity--General
FTSE/JSE All Share Capped Index (J303)
Contact details




  • 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
Nicholas Balkin

  • Fund manager's comment

Foord Equity comment - Sep 18

2018/12/13 00:00:00
- Global developed markets (+0.4% in US dollars) continued their rise despite monetary policy tightening, higher oil prices and trade war escalations - emerging markets (-0.5% in US dollars) were mixed, with oil exporters Russia (+9.8%) and Brazil (+7.0%) outperforming oil importers India (-9.1%) and China (-1.4%)
- The FTSE/JSE Capped All Share Index (-3.9%) was driven lower by industrials (-7.7%) and financials (-2.0%) on negative domestic economic news - resources (+1.0%) gained marginally as industrial metals and platinum prices rose
- Portfolio rand hedges British American Tobacco (-6.3%), Richemont (-8.8%) and Naspers (-6.4%) detracted mostly on rand strength - but pharmaceutical company Aspen (-41.9%) was harshly punished on poor management disclosures and earnings rising below market expectations
- Financials (-2.0%) lagged and RMB Holdings (-6.1%) retraced some of August's outperformance - local banks reacted negatively to weaker business confidence and confirmation of continued GDP contraction
- SA Industrials (-7.7%) posted their worst monthly return since 2009 with domestic economic weakness weighing heavily on the consumer sector - but investments in quality mid-caps Italtile (+3.7%), Kap International (+6.6) and Invicta (+3.7%) provided some offset
- The sizeable defensive cash position nearing 10% of fund was positive for absolute and relative returns - the position also provides valuable liquidity with which the managers can exploit increased market volatility
- The rand (+3.9%) recovered some of its recent losses as the year's emerging markets rout took a breather - but the unfolding global macro environment and weak SA economic fundamentals continues to leave the currency vulnerable
  • Fund focus and objective  
The objective of the fund is to earn a higher total rate of return than that of the average of the South African equity market as represented by the FTSE/JSE All Share index including income, without assuming greater risk.
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