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-190.18  /  -3.05%

6237.15

NAV on 2020/02/28
NAV on 2020/02/27 6427.33
52 week high on 2019/05/03 7562.67
52 week low on 2020/02/28 6237.15
Total Expense Ratio on 2019/12/31 0.16
Total Expense Ratio (performance fee) on 2019/12/31 -0.54
NAV Incl Dividends
1 month change -7.34% -7.34%
3 month change -8.76% -8.76%
6 month change -3.25% -1.59%
1 year change -11.3% -7.91%
5 year change -5.48% -2.78%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Additional 87.89 1.74%
Basic Materials 868.38 17.18%
Consumer Goods 866.07 17.13%
Consumer Services 930.05 18.40%
Financials 945.10 18.69%
General Equity 69.06 1.37%
Health Care 359.19 7.10%
Industrials 217.22 4.30%
Liquid Assets 363.45 7.19%
Technology 301.25 5.96%
Telecommunications 47.78 0.95%
  • Top five holdings
FINANCIALS 945.10 18.69%
CONSUMERSRVS 930.05 18.4%
BASICMATERIAL 868.38 17.18%
CONSUMERGDS 866.07 17.13%
FINANCEINSTIT 363.45 7.19%
  • Performance against peers
  • Fund data  
Management company:
Foord Unit Trusts Limited
Formation date:
2002/08/30
ISIN code:
ZAE000164885
Short name:
U-FRDEQUI
Risk:
Medium - High
Sector:
South African--Equity--General
Benchmark:
Total return of the FTSE/JSE Capped All Share Index
Contact details

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
Nicholas Balkin


  • Fund manager's comment

Foord Equity comment - Dec 19

2020/02/19 00:00:00
„h Global equities (+3.5%) gained for the fourth consecutive month on positive US¡VChina trade deal news and improved Brexit clarity on the Tory election majority ¡V emerging markets (+7.5%) were led higher by global trade sensitive markets Brazil (+12.3%), China (+8.3%) and Russia (+8.2%)
„h The FTSE/JSE Capped All Share Index (+3.0%) moved higher on broadly improved emerging market sentiment ¡V despite another negative quarterly SA GDP print and unprecedented Stage 6 load shedding
„h Gold (+19.5%) and platinum (+17.6%) miners led the resources index (+7.0%) on sharply higher commodity prices ¡V while industrials (+2.3%) and financials (+0.7%) posted more moderate gains
„h The core holding in Sasol (+15.1%) contributed meaningfully as the share continued to recover from oversold positions while the zero weight in MTN (-10.5%) protected capital ¡V offset by short term weakness in midcap industrials holdings Invicta (-19.2%) and Italtile (-6.3%) and the zero weighting in gold and platinum miners
„h Key property investments Capital & Counties (+4.2%) and Stor-Age (+6.6%) outperformed the property sector (-2.1%) with the zero weight to large benchmark property stocks Growthpoint (-3.1%) and Redefine (-8.0%) adding value ¡V the managers continue to prefer niche property companies less exposed to the weak economy „h The rand advanced against the US dollar (+4.6%) on renewed emerging market risk appetite and broad based EM currency strength ¡V but the unit is vulnerable leading up to next month¡¦s budget speech and Moody¡¦s downgrade decision „
h The fund¡¦s positioning remains defensive given rising global market exuberance and expensive valuations in the US, and the we ak South African economy ¡V good diversification and high levels of liquidity position the portfolio exceptionally well for the unfolding environment
  • 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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