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0.95  /  0.92%

103.82

NAV on 2019/07/18
NAV on 2019/07/17 102.87
52 week high on 2019/04/23 105.39
52 week low on 2018/10/23 94.6
Total Expense Ratio on 2019/03/31 2.02
Total Expense Ratio (performance fee) on 2019/03/31 0.07
NAV Incl Dividends
1 month change 1.78% 1.78%
3 month change -1.25% -1.25%
6 month change 3.73% 5.07%
1 year change 0.82% 4.52%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Basic Materials 5.20 13.98%
Consumer Goods 2.88 7.75%
Consumer Services 1.84 4.95%
Derivatives 0.00 0.01%
Financials 10.17 27.33%
Fixed Interest 5.50 14.79%
Liquid Assets 9.90 26.62%
Other Sec 1.57 4.22%
Offshore 0.13 0.35%
  • Top five holdings
U-CORMM 5.50 14.79%
 EXXARO 3.29 8.83%
 PNR FOODS 2.88 7.75%
 REDEFINE 2.87 7.72%
 ARROWA 2.24 6.03%
  • 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  
Pierre van der Walt


  • Fund manager's comment

Rock Capital IP Top 20 Global comment - Sep 18

2018/12/05 00:00:00
The last few months have been characterized by not only high volatility but also immensely difficult trading conditions. Currently the South African bourse is being tugged around by the global markets. The rising interest rate environment in the United States, combined with the Trump administration's aggressive rhetoric towards China, has led to a capital exodus out of the more risky emerging markets. On the positive side, we feel that many of these equity sell-offs haven't been justified by the fundamentals and there-fore have created appealing buying opportunities.
  • 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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