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2.21  /  1.01%


NAV on 2019/09/16
NAV on 2019/09/13 217.4
52 week high on 2019/05/03 225.1
52 week low on 2019/01/07 194.64
Total Expense Ratio on 2019/06/30 1.58
Total Expense Ratio (performance fee) on 2019/06/30 0
NAV Incl Dividends
1 month change 2.38% 2.38%
3 month change -1.13% 0.14%
6 month change 0.75% 2.04%
1 year change 0.05% 1.38%
5 year change 4.57% 5.97%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Bonds 8.87 2.34%
General Equity 89.97 23.73%
Managed 94.95 25.05%
Spec Equity 117.34 30.95%
Offshore 67.97 17.93%
  • Top five holdings
U-PPMAINS 94.95 25.05%
U-PPSGLBB 92.79 24.48%
U-PPSEQUI 85.32 22.51%
O-BGWWDIS 24.89 6.57%
U-NEDGEFF 24.55 6.48%
  • Performance against peers
  • Fund data  
Management company:
Professional Provident Society Management Company
Formation date:
ISIN code:
Short name:
Worldwide--Multi Asset--Flexible
CPI for all urban areas + 6%
Contact details



0860-468--777 (INV PPS)

  • Fund management  
PPS Multi-Managers Proprietary Ltd

  • Fund manager's comment

PPS Managed Flexible FoF comment - Mar 19

2019/05/28 00:00:00
Quarterly Commentary
This is a multi-managed fund of funds with active asset allocation and manager selection. The fund is managed as an aggressive asset allocation portfolio with roughly half of the fund allocated offshore and primarily in offshore equities. The domestic allocation is also concentrated in equities. This combination, with meaningful exposure to growth assets, offers a reasonably good chance of achieving the CPI+6% p.a. benchmark over the long term, but is susceptible to volatility over shorter periods. Performance this quarter was supported by the rally in equity markets globally, with the fund outperforming its CPI+6% benchmark by a large margin, while also outperforming its peer group.
Performance over one year is well ahead of its benchmark and the peer group as well, with offshore being the key driver. Over the longer term, PPS Managed Flexible is slightly behind its CPI+6% benchmark over the most recent stated seven-year investment horizon, with the SA market having offered little reward for taking on equity risk. There were no manager changes during the quarter.
  • Fund focus and objective  
Investment Objective
The PPS Managed Flexible Fund of Funds aims to outperform inflation by 6% per year over periods longer than 84 months.
Investment Mandate
This fund of funds allows for flexible asset allocation and may invest in equity securities, interest-bearing securities, listed and unlisted financial instruments and liquid assets. No maximum asset allocation applies to South African or offshore investments, asset allocation ratios may vary. The fund of funds solely holds units in local or foreign collective investment schemes or other similar schemes.
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