OUR INVESTMENT PROCESS IS UNASHAMEDLY SIMPLE – DIVERSIFICATION THROUGH UNCONSTRAINED GLOBAL ASSET ALLOCATION, WITHIN AN ABSOLUTE RETURN MINDSET
MODEL PORTFOLIOS & FUND MANAGEMENT IN SOUTH AFRICA
We offer a range of investment solutions in South Africa to cater to an adviser’s
unique needs, assets under management and client book.
CORE MODEL PORTFOLIOS
Our extensive range of model portfolios is accessible via most LISPs (local and offshore).
ASTUTE MODEL PORTFOLIOS
The ASTUTE range consists of two model portfolios made up of only absolute return funds and hedge funds.
TAILORED MODEL PORTFOLIOS
We create and manage model portfolios in conjunction with advisers for their clients on their preferred LISPs.
PRODUCTS
We offer a range of CISs which advisers can access directly, as well as the capability to set up a bespoke solution if desired. We also provide a Tax Free Savings Account for selected funds and models.
CORE MODEL PORTFOLIOS
Our Core Model Portfolio Suite provides local and offshore portfolios to meet most investment objectives and risk
tolerances and is accessible via the main LISPs. From 0.18% p.a. for the local range, these multi-asset models provide
a cost effective, ‘plug and play’ solution for advisers. These models are based on our established investment
process, representing our best ideas. They are built in accordance with our annual Strategic Asset Allocation views and
constantly adjusted in line with our Tactical Asset Allocation views with systematic rebalancing.
The range is designed to meet:
• pre- and post-retirement requirements
• income, growth, income & growth requirements
• local and offshore requirements
LOCAL CORE RANGE
| MODEL NAME | BENCHMARK | REG 28 |
| Core Enhanced Cash | CPI +1% | ✔️ |
| Core Conservative Income | CPI +2% | ✔️ |
| Core Conservative Growth | CPI +3% | ✔️ |
| Core Moderate Income & Growth | CPI +4% | ✔️ |
| Core Moderate Growth | CPI +5% | ✔️ |
| Core Indexation Balanced Growth | CPI +5% | ✔️ |
| Core Indexation High Growth | CPI +6% | ✖️ |
| Core High Growth | CPI +6% | ✖️ |
OFFSHORE CORE RANGE
| MODEL NAME | BENCHMARK | CURRENCY |
| Core Cautious | Cash +1% | EUR, GBP, USD |
| Core Balanced | Cash +3% | EUR, GBP, USD |
| Core Assertive | Cash +5% | EUR, GBP, USD |
PLATFORM ACCESSIBILITY
We appreciate that advisers and their clients have specific requirements and we will strive to meet these. Our Core Model
Portfolio Suite can be accessed via a range of platforms – enabling advisers to service clients via their preferred LISP.
TAILORED MODEL
PORTFOLIOS
Our Tailored Model Portfolios are created and managed in conjunction with advisers – for their specific books of clients. In addition to the model portfolio suite, tailored clients also
receive the following:
- Assistance in developing a Centralised Investment Proposition
- The option to build portfolios alongside our investment team – with the capability to create specific risk targeted portfolios, whilst respecting the adviser’s business model (i.e. CPI +3-4%)
- The ability to exclude certain investment vehicles, funds or stocks or apply specific themes to the portfolios (i.e. ESG, active and/or indexation)
- Regular investment committee meetings
- The option of branded reporting, onboarding documentation and access to a dedicated online adviser portal
PRODUCTS
Our range of CIS (funds) consists of single manager, multi asset and fund of funds portfolios.
The Tax-Free Savings Account (TFSA) is a simple and transparent South Africa-based
savings solution for your savings needs.
SINGLE MANAGER FUNDS
MULTI-ASSET FUNDS
TAX FREE SAVINGS ACCOUNT
FUNDS
Our fund management expertise is demonstrated through an extensive range of CISs offered to the South African market. These funds are focused client solutions with an absolute return mindset. We are proponents of both active and indexation/passive strategies. We believe that ‘passive’ investing is very much an active decision – given the array of available instruments to invest in. CISs are regulated vehicles and accessible with built-in protection for investors – providing a layer of comfort for advisers.
The purpose of our range is to minimise the compliance risk for financial advisers by managing global and domestic absolute return solutions over defined rolling periods to enable the investor to plan their income and growth expectations while managing regular CGT implications.
| FUND NAME | FUND TYPE | DESCRIPTION | RISK PROFILE | TFSA OPTION | DOWNLOAD MDD |
| LOCAL FUNDS | |||||
| IP Interest Plus Fund | Standard | Enhanced money market solution | Low risk | ✔️ | |
| IP Diversified Income FoF | Fund of Funds | Balanced income solution | Low risk | ||
| IP Prudential FoF | Fund of Funds | Reg 28 multi-asset solution | Low to moderate risk | ||
| IP Active Beta Fund | Standard | Reg 28 indexation solution | Moderate to high risk | ✔️ | |
| MitonOptimal IP Flexible Growth Fund | Standard | Multi-asset solution | Moderate to high risk | ||
| IP Worldwide Flexible FoF | Fund of Funds | Offshore multi-asset solution | Moderate to high risk | ||
| IP Prudential Equity Fund | Standard | Reg 28 balanced portfolio | Moderate to high risk | ||
| MitonOptimal BCI Macro Equity FoF | Fund of Funds | General Equity Solution | Moderate to high risk | ||
| IP Worldwide Active Beta Fund | Standard | Unconstrained indexation solution | High risk | ||
| MitonOptimal IP Equity Growth Fund | Standard | Concentrated equity portfolio | High risk | ✔️ | |
| ASSET SWOP | |||||
| IP Foreign Flexible Feeder Fund | Feeder | Global multi-asset flexible solution | Moderate to high risk | ✔️ | |
| OFFSHORE FUNDS | |||||
| MitonOptimal International Managed Flexible Fund (USD) | Offshore | Offshore multi-asset flexible | Moderate to high risk |
IP Management Company (RF) Pty Limited Abridged Annual Report | 31 March 2023
TAX-FREE SAVINGS ACCOUNT
The Tax-Free Savings Account (TFSA) is a simple and transparent South Africa-based savings solution. All growth in
the TFSA is completely tax-free. The TFSA allows for both lump sum and debit order investments.
‘Tax free’ means that no taxes apply to investment growth or withdrawals:
• There is no tax on capital gains made
• There is no withholding tax on income received
The TFSA is accessible via an approved CIS with IP Management Company
or via a TFSA structured Model Portfolio on the Allan Gray platform.
| CIS | MODEL PORTFOLIO |
| Investments can be split across several funds. The following IP funds are available for inclusion: | We offer a range of model portfolios on the Allan Gray and PPS platforms that are structured for a TFSA: |
|
|
| CIS IP TFSA | MODEL PORTFOLIO FOR LISP TFSA | |
| Monthly | Max: R3 000 pm | Max: R3 000 pm |
| Min: R1 000 pm | Min: R 500 pm | |
| Note – the IP minimum is per fund. If you invest into three funds, the minimum investment is R3000. 00 in total to make up the R1000. 00 per fund requirement. | Note – this applies to the model and not to a fund. Hence R500.00 monthly will apply across multiple funds | |
| Lumpsum | Max: R36 000 per year Min: R10 000 | Max: R36 000 per year Allan Gray Min: R10 000 PPS Min: R2000 |
| Adhoc minimum | R1 000 | R1 000 |
| TFSA Life Time allowance | R500 000 | R500 000 |
*Amounts will vary according to latest information from the SARB, currently accurate at 2022/2023 guidelines.
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MitonOptimal International Limited is registered in Guernsey (Registration No. 51561) and is the overlying holding company of MitonOptimal South Africa (Pty) Limited and MitonOptimal Portfolio Management (Pty) Limited. MitonOptimal International Limited, Les Vardes House, La Charroterie, St Peter Port, Guernsey, GY1 1EL, Channel Islands.
MitonOptimal South Africa (Pty) Limited is an Authorised Financial Services Provider Licence No. 28160, regulated by the Financial Sector Conduct Authority (FSCA) - Registration No. 2005/032750/07.
MitonOptimal Portfolio Management (Pty) Limited is an Authorised Financial Services Provider Licence No. 734, regulated by the FSCA – Registration No. 2000/000717/07.
Great Westerford, Suite 202,
South Wing, 2nd Floor, 240 Main Road,
Rondebosch, 7700, South Africa
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