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-0.71  /  -0.33%


NAV on 2019/05/23
NAV on 2019/05/22 217.28
52 week high on 2019/05/03 225.1
52 week low on 2019/01/07 194.64
Total Expense Ratio on 2018/12/31 1.57
Total Expense Ratio (performance fee) on 2018/12/31 0
NAV Incl Dividends
1 month change -2.08% -2.08%
3 month change 3.25% 3.25%
6 month change 9.91% 9.95%
1 year change 7.84% 8.64%
5 year change 4.86% 6.12%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Bonds 9.60 2.54%
General Equity 85.61 22.69%
Managed 94.71 25.11%
Spec Equity 122.56 32.49%
Offshore 64.79 17.17%
  • Top five holdings
U-PPSGLBB 100.05 26.52%
U-PPMAINS 94.71 25.11%
U-PPSEQUI 85.07 22.55%
O-BGWWDIS 24.50 6.49%
U-NEDGEFF 22.51 5.97%
  • 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 - Dec 08

2009/04/07 00:00:00
The PPS Managed Flexible Fund of Funds has underperformed its inflation benchmark by a considerable margin over the past 12 months. This is not entirely unexpected as your fund only has a low probability of achieving its target over 12 months.
What has surprised is the extent of the inflation shock (CPIX peaked at 13.6% y/y in August 2008) and the magnitude of the equity market correction. CPIX was driven upwards by volatile food and fuel prices, but both are now tumbling fast. The equity market has fallen sharply on the back of possibly the largest global economic slowdown since the 1930s.
Your fund of funds has had a relatively low weighting to equities over the past year, although its CPIX + 6% target can not be achieved without taking on significant equity market risk. We've therefore been increasing this equity exposure through the year as equity valuations have become more attractive.
Your fund is suitably positioned to achieve its inflation target over the longer-term. We're excited about the shares in your portfolio, and the lower prices our managers have been able to pay to acquire them.
  • 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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