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-1.08  /  -0.65%


NAV on 2019/05/17
NAV on 2019/05/16 168.26
52 week high on 2018/05/22 178.71
52 week low on 2018/12/10 153.54
Total Expense Ratio on 2018/12/31 1.74
Total Expense Ratio (performance fee) on 2018/12/31 0
NAV Incl Dividends
1 month change -4.29% -4.29%
3 month change 2.79% 2.79%
6 month change 4.78% 5.97%
1 year change -6.63% -4.33%
5 year change 0.09% 1.78%
10 year change 8.67% 10.19%
Price data is updated once a day.
  • Sectoral allocations
Additional 8.88 0.32%
Basic Materials 735.53 26.84%
Consumer Goods 342.26 12.49%
Consumer Services 514.02 18.76%
Financials 722.07 26.35%
General Equity 84.73 3.09%
Health Care 66.13 2.41%
Industrials 68.02 2.48%
Liquid Assets 48.33 1.76%
Technology 23.68 0.86%
Telecommunications 126.37 4.61%
  • Top five holdings
BASICMATERIAL 735.53 26.84%
FINANCIALS 636.31 23.22%
CONSUMERSRVS 514.02 18.76%
CONSUMERGDS 342.26 12.49%
TELECOMMUNICA 126.37 4.61%
  • Performance against peers
  • Fund data  
Management company:
Professional Provident Society Management Company
Formation date:
ISIN code:
Short name:
South African--Equity--General
FTSE/JSE Total Return SWIX Index
Contact details



0860-468--777 (INV PPS)

  • Fund management  
PPS Multi-Managers Proprietary Ltd

  • Fund manager's comment

PPS Equity Fund comment - Dec 08

2009/04/07 00:00:00
The PPS Equity Fund has underperformed its benchmark by just over 1.5% over one year. The benchmark in turn has lost close to 1/4 of its value. Both are causes for disappointment, but both are reminders that we are in this for the long-haul. The value focus of the underlying managers in your portfolio has hurt the performance of the portfolio in the short-term as the market has favoured defensive counters that your managers have felt are dearly priced. The critical issue facing our equity managers over the next 12 to 18 months is not so much what they don't hold in your portfolio, but rather that they avoid those companies that are cheap for a reason. There is always a risk a manager gets this wrong (i.e. they invest in something that looks like good value, but isn't). That's why we spend significant time carefully understanding our managers' processes and how they're positioned.
  • 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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