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0.55  /  0.33%

166.88

NAV on 2019/07/23
NAV on 2019/07/22 166.33
52 week high on 2019/05/03 174.94
52 week low on 2018/11/23 156.1
Total Expense Ratio on 2019/03/31 1.85
Total Expense Ratio (performance fee) on 2019/03/31 0
NAV Incl Dividends
1 month change -2.56% -0.26%
3 month change -3.9% -1.63%
6 month change 4.15% 6.6%
1 year change 2.22% 4.63%
5 year change 2.6% 4.67%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
General Equity 1.79 0.09%
Managed 1492.33 74.78%
Spec Equity 501.51 25.13%
Offshore 0.04 0.00%
  • Top five holdings
U-PPMAINS 1256.76 62.97%
U-PPSGLBB 501.51 25.13%
U-MANAPPS 235.58 11.8%
OTHERASSETS 1.79 0.09%
OMESGMSCI 0.04 0%
  • Performance against peers
  • Fund data  
Management company:
Professional Provident Society Management Company
Formation date:
2011/07/27
ISIN code:
ZAE000158234
Short name:
U-PPSBALA
Risk:
Unknown
Sector:
South African--Multi Asset--High Equity
Benchmark:
South African - Multi Asset - High Equity category average
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 Balanced FoF 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 fund are skilled stock pickers and asset allocators, and we expect them to take high conviction positions over time. The fund is benchmarked against its peers and delivered pleasing performance this quarter, with both the domestic and international components of the fund contributing to outperformance relative to its peer group. Over one year the fund has performed particularly strongly driven by offshore, which boosted two and three-year performance.
PPS Balanced is on par with its investment objective over the stated five-year investment horizon. As at quarter-end, the fund had look-through equity exposure of 61.5%, which is slightly lower than last quarter, leaving ample room for the managers to capitalise on any potential opportunities. There were no manager changes during the quarter.
  • Fund focus and objective  
Investment objective
The PPS Balanced Fund of Funds aims to outperform its peer group over time. It is also a suitable vehicle for retirement savings.
Investment mandate
This fund will have moderately high equity exposure, not exceeding 75% and property not exceeding 25%. This fund may invest in equity securities, interest-bearing securities, listed and unlisted financial instruments and liquid assets. It solely holds units in local or foreign collective investment schemes or other similar schemes. Ratios may vary.
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