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-0.77  /  -0.41%

185.77

NAV on 2020/02/25
NAV on 2020/02/24 186.54
52 week high on 2020/02/20 189.3
52 week low on 2019/08/16 177.26
Total Expense Ratio on 2019/09/30 1.77
Total Expense Ratio (performance fee) on 2019/09/30 0
NAV Incl Dividends
1 month change 0.26% 0.26%
3 month change 1.29% 1.62%
6 month change 4.82% 5.16%
1 year change 3.85% 7.06%
5 year change 2.68% 5.44%
10 year change 6.02% 8.25%
Price data is updated once a day.
  • Sectoral allocations
Bonds 608.13 12.24%
Fixed Interest 428.98 8.63%
General Equity 777.21 15.64%
Managed 2243.65 45.16%
Real Estate 137.32 2.76%
Spec Equity 514.87 10.36%
Offshore 258.12 5.20%
  • Top five holdings
U-PPMLEQ 866.76 17.45%
U-PPMAINS 844.78 17%
U-PPSEQUI 777.66 15.65%
U-PPSINBD 608.13 12.24%
U-PPSSGF 532.11 10.71%
  • Performance against peers
  • Fund data  
Management company:
Professional Provident Society Management Company
Formation date:
2007/05/14
ISIN code:
ZAE000089892
Short name:
U-PPSMODE
Risk:
Medium
Sector:
South African--Multi Asset--Medium Equity
Benchmark:
CPI for all urban areas + 4%
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 Moderate FoF comment - Dec 08

2009/04/07 00:00:00
The PPS Moderate Fund of Funds delivered a return of -2.62% for the fourth quarter and -5.10% for the year, net of all fees. It has underperformed its CPIX + 4% benchmark over the quarter and year as local inflation has been running high, while the equity markets have delivered negative returns.
While there still remain high levels of uncertainty and risk aversion in the financial markets, we continue to expect the PPS Moderate Fund of Funds to outperform its benchmark over 5-year rolling periods.
Cash and bonds delivered returns of 2.95% and 11.35% for the quarter respectively. Your fund's exposure to these asset classes contributed positively to its overall performance. The Prescient Positive Return Fund and the PPS Enhanced Cash Fund added value to the performance of the fund of funds, as the managers outperformed their benchmarks.
Globally, equity markets closed 2008 with their worst performance in years after reaching record highs earlier in the year. Volatility, although off its peak, remains high as the economic outlook as well as further effects of the credit crisis remain uncertain.
Going forward we will continue to optimally position the fund of funds by closely monitoring its exposure to cash and the local equity market.
  • Fund focus and objective  
Investment objective
The PPS Moderate Fund of Funds aims to outperform inflation by 4% per year over periods longer than 60 months. It is also a suitable vehicle for retirement savings.
Investment mandate
This fund of funds allows for flexible asset allocation with equity exposure which will not exceed 60%. It may also invest in 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.
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