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13.47  /  0.45%


NAV on 2021/02/25
NAV on 2021/02/24 2969.58
52 week high on 2021/02/22 2989.39
52 week low on 2020/03/24 2280.1
Total Expense Ratio on 2020/09/30 1.47
Total Expense Ratio (performance fee) on 0
Incl Dividends
1 month change 2.23% 2.23%
3 month change 8% 8%
6 month change 8.08% 9.64%
1 year change 9.42% 12.68%
5 year change 4.09% 6.87%
10 year change 6.77% 9.29%
Price data is updated once a day.
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  • Sectoral allocations
Liquid Assets 47.58 2.64%
Managed 1751.90 97.36%
  • Top five holdings
U-CORMARP 275.63 15.32%
U-INVOPPO 268.34 14.91%
U-SMMILOQ 251.21 13.96%
U-SNINFLA 243.84 13.55%
U-NEDREN 239.83 13.33%
  • Performance against peers
  • Fund data  
Management company:
IP Management Company
Formation date:
ISIN code:
Short name:
South African--Multi Asset--Medium Equity
Average of the South African - Multi Asset - Medium Equity Category

No website listed.


  • Fund management  
FG Asset Management
FG Asset Management (FGAM) comprises the founders of the Firstglobal group, most of whom are approved as investment managers by the Financial Services Board, each having in excess of 10 years experience as financial advisors and discretionary portfolio managers. With a view to ensuring that the multi-manager services provided by FGAM include specialist and quantitative investment expertise, we have entered into a strategic partnership with the Analytics Group, one of the leading multi-manager and investment consulting operations in South Africa, who form part of the investment committee, in an advisory capacity.

  • Fund manager's comment

FG IP Saturn Flexible FoF Comment - Dec 19

2020/02/20 00:00:00
The FG IP Saturn Flexible Fund of Funds returned +1.39% in December, outperforming the benchmark peer group average which returned +0.89%. December brought some posi..vity with regards to global growth concerns, as the US and China finally came to an agreement on a “phase one” trade deal and is set to sign the deal in the new year. The trade deal outcome helped drive the performance of riskier assets, with EM returning +7.5%, outperforming developed market +3.0%. Locally, South Africans were once again plagued by rolling blackouts for the first half of the month, with Eskom even announcing stage 6 load shedding, adding pressure to the already fragile South African economy, and further exposing the ailing state of SOEs. The All Bond Index ended the year off by returning +1.68% in the month. Resources returned +6.97% outperforming Financials +0.74% and Industrial index +2.32%. Truffle SCI Flexible Fund was the best performing underlying fund, returning (+3.11%), as the fund’s resources alloca..on contributed posi..vely to performance. No changes were made to the fund during the month.
  • Fund focus and objective  
The fund aims to achieve total returns in excess of the average of the SA - Multi Asset - Medium Equity Category - net of fees over the long term. The portfolio invests in collective investment schemes investing in equities, bonds, listed property and money market instruments, both locally and abroad. This fund is ideal for an investor who strives to gain exposure to the stock, bond and money markets, but is not confident enough to time their entry into or exit out of specific market sectors. The fund is Regulation 28 compliant. Additional Fund Information o The annual fees referred to above include the annual fees (0.20% exc VAT) payable to FG Asset Management. o The annual fees for Class B include the administrator's annual fee and the annual fee payable to your financial advisor. For more information regarding this class, please contact your financial advisor. o At least 85% of the assets will be invested in South Africa at all times and up to 15% of the assets may be invested offshore at any point in time. o The fund will have an equity exposure of between 40% and 65% at all times. o The fund manager may borrow up to 10% of the market value of the portfolio to bridge insufficient liquidity. o A fund of fund unit trust only invests in other unit trusts, which levy their own charges, which could result in a higher fee structure for these funds. o Total Expense Ratio (TER): For the period from 1 January 2007 to 31 March 2007 TER's of the average net asst value of the portfolio were incurred as charges, levies and fees related to the management of the portfolio. A higher TER does not necessarily imply a poor return, nor does a low TER imply a good return. The current TER can not be regarded as an indication of future TER's.

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