3.24  /  0.09%

3431.04

NAV on 2020/07/31
NAV on 2020/07/30 3427.8
52 week high on 2020/07/31 3431.04
52 week low on 2020/03/19 2646.33
Total Expense Ratio on 2020/06/30 0.51
Total Expense Ratio (performance fee) on 2020/06/30 -0.26
NAV
Incl Dividends
1 month change 1.62% 1.62%
3 month change 4.8% 4.8%
6 month change 11.21% 12.36%
1 year change 20.22% 22.7%
5 year change 5.99% 7.96%
10 year change 0% 0%
Price data is updated once a day.
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  • Sectoral allocations
General Equity 33.40 0.41%
Managed 3042.34 37.32%
Offshore 5076.82 62.27%
  • Top five holdings
U-FRDABRE 3042.34 37.32%
FOORDGLBEQ 2967.15 36.4%
O-FRDINT 2109.67 25.88%
OTHERASSETS 33.40 0.41%
  • Performance against peers
  • Fund data  
Management company:
Foord Unit Trusts Limited
Formation date:
2008/04/01
ISIN code:
ZAE000164927
Short name:
U-FLEXFOF
Risk:
Unknown
Sector:
Worldwide--Multi Asset--Flexible
Benchmark:
CPI + 5% per annum
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.


  • Fund manager's comment

Foord Flexible FoF 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 assets of the portfolio shall, apart from assets in liquid form, be solely invested in a mix of participatory interests in portfolios invested in South African and global equity securities, property securities, non-equity securities and money market investments. The underlying portfolios of collective investment schemes shall be registered in South Africa or other similar schemes operating in territories with a regulatory environment which is to the satisfaction of the manager and trustee of sufficient standard to provide protection at least equivalent to that in South Africa.
In order to achieve the investment objective, the manager shall have maximum flexibility in terms of asset allocation and shall not be precluded from continuingly varying the exposure to equity securities, non-equity securities and money market portfolios as well as assets in liquid form. There shall be no investment restrictions other than those imposed by the Act and any Regulations imposed by the Registrar.
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