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Foord Flexible Fund of Funds

For unconstrained investors seeking long-term inflation-beating returns

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INVESTMENT OBJECTIVE

Exploiting the benefits of global diversification, the fund aims to provide investors with an after-fee return of 5% per annum above SA inflation.

FOR SOUTH AFRICAN INVESTORS

•    With a moderate risk profile
•    Seeking long-term inflation-beating returns over periods exceeding five years
•    Requiring balanced exposure to South African and global investments.

FUND MANAGERS

Dave Foord

Founder and Portfolio Manager

Performance

Returns
YearFund Return %Benchmark Return %SA Inflation %
2008 (from 01/Apr)-9.39.15.4
200913.811.36.3
201016.98.53.5
201115.011.16.1
201226.410.75.7
201335.010.45.4
201410.010.35.3
201520.610.25.2
2016-4.411.86.8
20175.69.74.7
2018-0.79.54.5
201913.79.04.0
202014.88.13.1
202110.310.95.9
20220.212.27.2
202312.010.15.1
2024 (to 31/Aug)4.46.53.2

Characteristics
Benchmark

CPI +5% per annum, which is applied daily using the most recently available inflation data and accordingly will be lagged on average by 5 to 6 weeks

Time horizon

Longer than five years.

Inception date

1 April 2008

Minimum investment

R50 000 lump sum or R1 000 per month

Significant restrictions

None. The fund is unconstrained.

Income distributions

End-March and end-September each year.

Income characteristics

Low to medium income yield depending on the asset allocation strategy employed as the foreign asset component is invested in roll-up funds which do not distribute their income. Income distributions are reduced by the annual service charge, which varies with the relative performance of the fund against the benchmark.

Portfolio orientation

Exploiting the benefits of global diversification, the portfolio continually reflects Foord’s prevailing best investment view on all available asset classes in South Africa and around the world.

Foreign assets

Foreign asset exposure is obtained predominantly via Foord International Fund (a conservative, multi-asset class fund) and Foord Global Equity Fund Luxembourg (a portfolio of global shares and cash). Both funds are sub-funds of Foord SICAV domiciled in Luxembourg and are priced in US dollars.

Risk of loss

Lower than that of a pure equity fund. High in periods shorter than six months, lower in periods greater than one year.

Top 10
Security descriptionAsset class MarketPortfolio weight %
AspenEquityZA 4.1
ProsusEquityZA 4.1
Naspers -N-EquityZA 3.7
Sasol convertible 4.5%BondUS 2.7
Anheuser-BuschEquityZA 2.4
NewGoldCommodityZA 2.2
OmniaEquityZA 2.2
SSE PLCEquityGB 2.0
Alibaba Group HoldingEquityHK 2.0
Wheaton Precious MetalsEquityUS 1.9
Fees

The fee is a performance based fee that varies around the at-benchmark fee rate as disclosed on the fact sheet. The daily fee rate is adjusted up or down based on the portfolio’s one-year rolling return relative to that of its benchmark. Minimum fee rates apply.

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Document Downloads

Performance Data History Price History Data Foord Flexible Fund of Funds - Fact Sheet - August 2024 Foord Flexible Fund of Funds - Foord Investment Report Q2 2024

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