IP ACTIVE BETA FUND
MINIMUM DISCLOSURE DOCUMENT
TAX FREE SAVINGS APPLICATION FORM
The primary objective of the IP Active Beta Fund is to target a total return of inflation plus 5% over rolling four-year periods. In so doing, the Fund will aim to outperform a fixed asset allocation benchmark, over the same rolling period, through active asset allocation. Given the nature of the Fund, a secondary objective is to keep the Total Expense Ratio (TER) as low as possible to ensure that unnecessary costs do not hinder performance.
The Fund will be managed using a top-down approach, taking into consideration macroeconomic, fundamental, valuation and technical factors. These will serve as inputs to the managers’ tactical asset allocation decisions. The Managers will invest in a combination of passive ETF instruments or Index Tracking Funds (ITFs), up to a maximum of 80% of the portfolio, and the balance in direct Equities, Bonds, Money Market and Property securities. The direct holdings will be managed on an index replication basis wherever possible.
The Fund may also include participatory interests or any other form of participation in portfolios of Collective Investment Schemes (CIS) or other similar schemes in the Republic of South Africa. At all times, the Fund will adhere to regulations governing retirement funds (Regulation 28) and any related capital control legislation as set by the South African Reserve Bank.
HOW TO INVEST
|ASISA Category:||SA Multi Asset – High Equity|
|Benchmark:||FTSE JSE Shareholder Weighted Index (55%),
MSCI World Index (17%)
FTSE JSE All Bond Index (12,5%)
FTSE JSE SA Listed Property Index (7,5%)
Citi World Government Bond Index (2%)
3 month JIBAR (6%)
||25 February 2014|
|Minimum lump sum investment:||R10,000|
|Minimum monthly investment:||R1000|
|Max Initial Manager Fee:||0%|
|Max Initial Adviser Fee:||2.00% (excl. VAT)|
|Annual Management Charge (Class A):||0.525% (excl. VAT)|
|Dates of income declarations:||31 Mar / 30 Sept|
|Date of income payment:||2nd day of the following month or next business day if the 2nd does not fall on a business day|
|Fund Prices at:||15h00|
|Custodian:||Standard Bank of South Africa|
FUND REFERENCE CODES
Name: IP Management Company (Pty) Limited
Address: 1st Floor, Mariendahl House, Newlands on Main, Main Road, Newlands 7700
PO Box 23271, Claremont. 7735, Cape Town, South Africa
Telephone: +27 21 673 1340
Fax: +27 86 557 4848
IP Management Company (RF) Pty Limited Abridged Annual Report | 31 March 2020
Director and Head of Portfolio Management (SA)
Roeloff is a Key Individual and the Head of SA Portfolio Management MitonOptimal. He is responsible for managing the outcome of the Local Multi-Asset Funds and Portfolios in conjunction with the investment management team.
Member of the Association for Savings & Investment SA
The funds are owned by IP Management Company (Pty) Limited, an authorised Management Company registered according to the Collective Investment Schemes Act and regulated by the Financial Sector Conduct Authority. It is an ordinary member of the Association for Savings & Investments SA (ASISA). Should you have any further queries or complaints please contact: IP Management Company (Pty) Limited Call Centre, P O Box 23271, Claremont, 7735, Email: firstname.lastname@example.org. Collective Investments are generally medium to long-term investments. The value of participatory interests may go down as well as up and past performance is not necessarily a guide to the future. A fund of funds collective investments may invest in other collective investments, which levy their own charges, which could result in a higher fee structure for these portfolios. Collective Investment prices are calculated on a net asset value basis and auditor’s fees, bank charges and trustee fees are levied against the portfolio. Graphs and performance figures are sourced from Financial Express for lump sum investments including income distribution, at NAV to NAV basis and do not take any initial fees into account. Income is reinvested on the ex-dividend date. Actual investment performance will differ based on the initial fees applicable, the actual investment date and the date of reinvestment of income. The performance fee FAQ document is kept as a public document at IP Management Company (Pty) Limited. MitonOptimal South Africa (Pty) Limited is regulated by the Financial Service Conduct Authority, FSP 28160.