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1.65  /  0.99%

166.74

NAV on 2019/09/16
NAV on 2019/09/13 165.09
52 week high on 2019/04/23 176.57
52 week low on 2019/08/27 153.32
Total Expense Ratio on 2019/06/30 1.22
Total Expense Ratio (performance fee) on 2019/06/30 0
NAV Incl Dividends
1 month change 8.63% 8.63%
3 month change -2% -0.5%
6 month change -1.85% -0.35%
1 year change -0.84% 2.1%
5 year change -0.37% 1.93%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Additional 6.05 0.24%
Basic Materials 647.29 25.95%
Consumer Goods 298.11 11.95%
Consumer Services 473.20 18.97%
Financials 676.74 27.13%
General Equity 90.30 3.62%
Health Care 55.33 2.22%
Industrials 55.30 2.22%
Liquid Assets 37.83 1.52%
Technology 22.88 0.92%
Telecommunications 131.24 5.26%
  • Top five holdings
FINANCIALS 676.74 27.13%
BASICMATERIAL 647.29 25.95%
CONSUMERSRVS 473.20 18.97%
CONSUMERGDS 298.11 11.95%
TELECOMMUNICA 131.24 5.26%
  • Performance against peers
  • Fund data  
Management company:
Professional Provident Society Management Company
Formation date:
2007/05/14
ISIN code:
ZAE000173167
Short name:
U-PPSEQUI
Risk:
Unknown
Sector:
South African--Equity--General
Benchmark:
FTSE/JSE Total Return SWIX Index
Contact details

Email
clientservices@ppsinvestments.co.za

Website
http://www.ppsinvestments.co.za

Telephone
0860-468--777 (INV PPS)

  • Fund management  
PPS Multi-Managers Proprietary Ltd


  • Fund manager's comment

PPS Equity Fund comment - Mar 19

2019/05/28 00:00:00
Quarterly Commentary
This is a multi-managed fund of funds with active manager selection. The managers in the portfolio are skilled stock pickers, each with a distinct approach to alpha generation, offering style diversification. The South African equity market gained 3.9% this quarter, tracking global stock markets higher. PPS Equity outperformed its benchmark comfortably over the period, while also outpacing the ASISA General Equity category average. Economically sensitive sectors drove the market this quarter, with resource stocks performing particularly strongly, benefitting from higher commodity prices. Large cap industrials also rebounded strongly after their fourth quarter selloff, while financials on the other hand treaded water.
PPS Equity has outperformed its benchmark over one and three years, but underperformed over its most recent seven-year investment horizon. The fund has performed roughly in line with its peer group category average over the long term. There were no manager changes during the quarter.
  • Fund focus and objective  
Investment objective
The PPS Equity Fund aims to provide investors with investment returns in excess of its benchmark while seeking to provide capital growth over the long-term.
Investment mandate
The portfolio invests primarily in shares of listed companies. It may, however, also invest in listed and unlisted financial instruments, and it may also hold units in collective investment schemes. Ratios may vary.
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