2.56 /
0.91%
279.92
NAV on 2021/03/01
| NAV on 2021/02/26 |
277.36 |
| 52 week high on 2021/03/01 |
279.92 |
| 52 week low on 2020/03/19 |
184.32 |
| Total Expense Ratio on 2020/12/31 |
2.43 |
| Total Expense Ratio (performance fee) on |
0 |
| Basic Materials |
31.49 |
15.26% |
| Bond Funds |
19.64 |
9.52% |
| Consumer Goods |
3.12 |
1.51% |
| Consumer Services |
3.25 |
1.57% |
| Derivatives |
0.73 |
0.35% |
| Financials |
17.60 |
8.53% |
| Fixed Interest |
0.01 |
0.00% |
| General Equity |
13.77 |
6.68% |
| Industrials |
8.16 |
3.96% |
| Liquid Assets |
4.21 |
2.04% |
| Specialist Securities |
6.90 |
3.34% |
| Technology |
21.02 |
10.19% |
| Telecommunications |
3.61 |
1.75% |
| Offshore |
72.75 |
35.27% |
|
FOREIGN EQDER |
27.70 |
13.43% |
|
U-CORBOND |
19.64 |
9.52% |
|
LOCALUNITTEQT |
13.77 |
6.68% |
|
NASPERS-N
|
12.83 |
6.22% |
|
SIBANYE-S
|
12.60 |
6.11% |
Management company:
Flagship Private Asset Management (Pty) Limited |
Formation date:
2005/09/12 |
ISIN code:
ZAE000139028 |
Short name:
U-FSFLEXI |
Risk:
Unknown |
Sector:
South African--Multi Asset--High Equity |
Benchmark:
Multi-Asset High Equity Sector Average |
Paul Floquet
Flagship IP Prudential Variable comment - Dec 20
2021/02/03 00:00:00
December's fund performance of +1.8% was in line with the fund's benchmark, but below the JSE Allshare's +4.1% return which was spurred on by a continued resurgence in the small (+5.4%) and mid-caps (+6.6%), and a massive boost in the listed property sector (+13.7%). For 2020 as a whole, the Flagship Balanced Fund performed admirably, ranking 5th out of 206 funds in its sector, and its +13.6% return was well above the sector's +1.5% and the JSE Allshare's +4.1%. We continue to believe that the fund is well positioned for what should be another volatile year.
As required by legislation, we confirm that the fund has adhered to its policy objective and strategy.
The primary objective of the Flagship IP Balanced Fund is to seek steady but stable growth of both capital and income through investments in a broad range of asset classes in a balanced manner. The fund is a domestic, asset-allocation, prudential variable portfolio. The fund aims to maximize returns over the medium to long term and achieves this through flexible asset allocation strategies taking active decisions in accordance with current and projected economic and market conditions. The fund invests in equities, bonds, property and money market and is restricted to maximum limits in accordance with prudential regulations which, inter alia, provide that equity, held both locally and abroad, will not exceed 75% of the fund and offshore investment is restricted to 25% of the fund. Out-performance is targeted through aggressive asset allocation and focused stock selection based on in-house proprietary models and extensive internal and external research. The portfolio uses financial instruments only to the extent permitted by legislation.
