IP HIGH CONVICTION
EQUITY FUND
MINIMUM DISCLOSURE DOCUMENT
APPLICATION FORM
TAX FREE SAVINGS APPLICATION FORM
FUND OBJECTIVES
The investment objective of the Fund is to provide sustainable capital appreciation over the medium to long term. The portfolio will typically hold, subject to regulatory limits, between 16 and 25 equity securities. The portfolio shall have no exposure to other asset classes, and shall explicitly exclude fixed interest, listed property and foreign investments.
This fund is suitable for the sophisticated investor who understands the risks of being exposed to Equity.
INVESTMENT PROCESS
A combination of fundamental analysis and technical analysis is used for sector weightings and share selection. The fundamental process encompasses a top down and bottom up analysis. The top down process evaluates global and domestic socio – macroeconomic issues. The bottom up process evaluates qualitative and quantitative company specific issues such as management, product diversity and a wide range of financial ratios. Technical analysis is used to determine short, medium and long term price trends with potential resistance and support levels. This research is used to assist with the timing of buying and selling of sectors and shares and is used to support the fundamental decision making process.
HOW TO INVEST
FUND PRICES
FUND RANGE
FURTHER INFORMATION
| ASISA Category: | SA Equity – General |
| Benchmark: | FTSE / JSE SWIX 40 Index |
| Inception (A Class): |
05 December 2012 |
| Inception (B2 & c Class): | 11 December 2012 |
| Minimum lump sum investment (Class A & C): | R10,000 |
| Minimum lump sum investment (Class B2): | R10 M |
| Minimum monthly investment (A & C Class): | R1000 |
| Minimum monthly investment (B2 Class): | N/A |
| Max Initial Manager Fee (A, B2 & C Class): | 0% |
| Max Initial Adviser Fee (A, B2 & C Class): | 2.00% (excl. VAT) |
| Annual Service Charge (A & C Class): |
0.75% p.a. (excl. VAT) |
| Annual Service Charge (Class B2): |
1.00% p.a. (excl. VAT) |
| Maximum Annual Advisor Fee (Class C): | 1.14% p.a. (Incl. VAT) |
| Dates of income declarations: | 31 Mar |
| Date of income payment: | 2nd day of the following month or next business day if the 2nd does not fall on a business day |
| Valuation time: | 15h00 (QE: 17h00) |
| Transaction time: | 14h30 |
| Fund prices at: | 15h00 |
| Custodian: | Standard Bank of South Africa |
FUND REFERENCE CODES
| Fund Class | Currency | ISIN | Bloomberg |
|---|---|---|---|
| Class A | ZAR | ZAE000173449 | MITHCEA:SJ |
| Class B2 | ZAR | ZAE000173654 | MITHCEB:SJ |
| Class C | ZAR | ZAE00020225 | MITHCEC:SJ |
MANAGEMENT COMPANY
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
FUND MANAGER
Roeloff Horne
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
Disclaimer
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: dealing@mitonoptimal.com. 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.
Great Westerford, Suite 202,
South Wing, 2nd Floor, 240 Main Road,
Rondebosch, 7700, South Africa
