IP INTEREST PLUS FUND

MINIMUM DISCLOSURE DOCUMENT

APPLICATION FORM

TAX FREE SAVINGS APPLICATION FORM

FUND OBJECTIVES

The IP Interest Plus Fund is a specialist income portfolio with moderate risk limits that seeks diversity, reasonable yield enhancement, moderate liquidity and relatively low volatility through constrained interest rate positions. The Fund shall at all times run in accordance with the limits, instructions and guidelines contained within Regulation 28 governing the behaviour of pension funds. MitonOptimal has mandated Ashburton Investments to manage this fund who have appointed Albert Botha as the portfolio manager.

INVESTMENT PROCESS

The MitonOptimal IP Interest Plus Fund is an actively managed income fund which targets yields that will be higher than those of call accounts and money market funds over time. To achieve this, the Fund invests in a range of cash, money market instruments, fixed deposits and other income securities. It adds performance by actively participating in the credit market, along with extending the maximum and average instrument maturity.

HOW TO INVEST

FUND PRICES

FUND RANGE

FURTHER INFORMATION

ASISA Category: SA Interest Bearing – Short Term
Benchmark: STEFI Composite Index (net of fees) over rolling 2 year period
Inception:
28 December 2011
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): 0.60% (excl. VAT)
Dates of income declarations: 31 Mar / 30 Jun / 30 Sept / 31 Dec
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
Custodian: Standard Bank of South Africa

FUND REFERENCE CODES

Fund Class Currency ISIN Bloomberg
Class A ZAR ZAE000139010 MITINPL: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

Albert Botha

Portfolio Manager

Ashburton Investments

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

Go to MitonOptimal Group

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.