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0.62  /  0.61%

101.72

NAV on 2019/09/13
NAV on 2019/09/12 101.1
52 week high on 2019/07/23 106.65
52 week low on 2018/10/23 94.6
Total Expense Ratio on 2019/06/30 2.04
Total Expense Ratio (performance fee) on 2019/06/30 0.07
NAV Incl Dividends
1 month change 2.24% 2.24%
3 month change -1.12% -1.12%
6 month change -0.12% 1.17%
1 year change -0.94% 2.7%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Basic Materials 5.34 15.44%
Consumer Goods 2.52 7.29%
Consumer Services 2.06 5.97%
Derivatives 0.07 0.20%
Financials 9.84 28.44%
Fixed Interest 5.61 16.22%
Health Care 1.76 5.08%
Liquid Assets 7.29 21.07%
Offshore 0.10 0.30%
  • Top five holdings
U-CORMM 5.61 16.22%
 EXXARO 3.44 9.94%
 REDEFINE 2.68 7.73%
 PNR FOODS 2.52 7.29%
 ARROWA 2.09 6.05%
  • Performance against peers
  • Fund data  
Management company:
IP Management Company
Formation date:
2014/10/02
ISIN code:
ZAE000195525
Short name:
U-ROCAPTO
Risk:
Unknown
Sector:
Worldwide--Multi Asset--Flexible
Benchmark:
MSCI Emerging Markets Index
Contact details

Email
clientservices@ipmc.co.za

Website
No website listed.

Telephone
021-673-1340

  • Fund management  
Rock Capital Management (Pty) Ltd.


  • Fund manager's comment

Rock Capital IP Top 20 Global comment - Jun 19

2019/08/23 00:00:00
June 2019 has been a month of two halves. The first half saw the local markets rise sharply after May’s contraction, but we were unable to breakthrough the previous high of 53,200 set back in April and the latter half of June has seen the ALSI slowly drift downwards. A lot of the ALSI’s movement over the last month can be explained by Naspers (through its biggest shareholding i.e. Tencent) and how it was impacted by the trade negotiations between China and the Trump administration.
The election cycle has now passed, and the market has reacted favourably now that a lot of uncertainty has dissipated. That being said, many SA Inc companies have been unfairly beaten down and are currently trading at significant historical discounts. For this reason, we remain confident in our approach of overweighting defensive, low beta and non-cyclical blue-chip stocks whilst holding a significant portion in cash, ready to deploy should the opportunity arise.
  • Fund focus and objective  
The ROCK CAPITAL IP TOP 20 GLOBAL FUND is a moderate to high risk, flexible fund. The objective of this portfolio is to achieve capital appreciation over the medium to long term.
Investments to be included in the ROCK CAPITAL IP TOP 20 GLOBAL FUND will, apart from assets in liquid form, consist of securities and financial instruments across the equity, fixed interest and property markets. The portfolio will typically be highly exposed to equities but the Portfolio Manager will have complete flexibility to vary the exposure to different asset classes as economic conditions vary. The portfolio will typically not hold more than 20 securities at any time.
The Manager will be permitted to invest on behalf of the portfolio in offshore investments as legislation permits.
The Manager may from time to time invest in listed and unlisted financial instruments, in accordance with the provisions of the Act, and the Regulations thereto, as amended from time to time, in order to achieve the portfolio's investment objective.
Nothing in this supplemental deed shall preclude the manager from varying the ratio of securities, to achieve the investment objective in a changing economic environment or market conditions or to meet the requirements, if applicable, of any exchange recognised in terms of legislation and from retaining cash or placing cash on deposit in terms of the deed and this supplemental deed; provided that the Manager shall ensure that the aggregate value of the assets comprising the portfolio shall consist of securities and assets in liquid form of the aggregate value required from time to time by the Act.
For the purpose of this portfolio, the manager shall reserve the right to close the portfolio to new investors on a date determined by the manager. This will be done in order to be able to manage the portfolio in accordance with its mandate. The manager may, once a portfolio has been closed, open that portfolio again to new investors on a date determined by the manager.
The trustee shall ensure that the investment policy set out in this supplemental deed is adhered to.
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