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-0.31  /  -0.2%


NAV on 2019/09/18
NAV on 2019/09/17 154.29
52 week high on 2019/06/13 157.64
52 week low on 2019/01/02 147.9
Total Expense Ratio on 2019/06/30 1.7
Total Expense Ratio (performance fee) on 2019/06/30 0
NAV Incl Dividends
1 month change 1.02% 1.02%
3 month change -2.06% 1.05%
6 month change -0.21% 2.96%
1 year change 0.51% 4.94%
5 year change 2.48% 6.54%
10 year change 4.31% 7.9%
Price data is updated once a day.
  • Sectoral allocations
Bonds 415.71 16.24%
Fixed Interest 315.84 12.34%
General Equity 268.87 10.50%
Managed 1276.39 49.85%
Real Estate 93.70 3.66%
Spec Equity 105.48 4.12%
Offshore 84.40 3.30%
  • Top five holdings
U-PPMLEQ 852.32 33.29%
U-DEFPPSF 424.07 16.56%
U-PPSINBD 415.71 16.24%
U-PPSENHC 315.84 12.34%
U-PPSEQUI 207.57 8.11%
  • Performance against peers
  • Fund data  
Management company:
Professional Provident Society Management Company
Formation date:
ISIN code:
Short name:
South African--Multi Asset--Low Equity
CPI for all urban areas + 2%
Contact details



0860-468--777 (INV PPS)

  • Fund management  
PPS Multi-Managers Proprietary Ltd

  • Fund manager's comment

PPS Conservative FoF comment - Dec 08

2009/04/07 00:00:00
The PPS Conservative Fund of Funds underperformed its CPIX+2% benchmark by 1.28% over the quarter. This is mainly attributable to your fund's underperformance in October which was characterised by a very challenging investment environment. For the months of November and December the fund outperformed its benchmark. Cash delivered 2.95% and the bond market rallied to deliver 11.35% in the past quarter. Thus, your fund's exposure to cash and bonds contributed positively to overall performance. The local equity market remains very volatile and vulnerable to negative sentiment on emerging markets. Globally, volatility has reached historic highs with the VIX volatility index at very high levels. In the circumstances, our equity exposure detracted from optimal performance. While the future outlook is quite bleak given expectations of a recession globally and inflation still in double digits, we continue to expect the PPS Conservative Fund of Funds to match its objectives over rolling 3-year periods. Going forward, we will be increasing our exposure to cash and (slightly) to local equities, to take some advantage of attractive valuations, while maintaining our generally cautious approach.
  • Fund focus and objective  
Investment objective
The PPS Conservative Fund of Funds aims to outperform inflation by 2% per year over periods longer than 36 months. It is also a suitable vehicle for retirement savings.
Investment mandate
This fund of funds is well diversified across managers and asset classes, with limited equity exposure which will not exceed 40% and a maximum effective property exposure of 25% . It may invest in listed and unlisted financial instruments. It solely holds units in local or foreign collective investment schemes or other similar schemes.
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