IP WORLDWIDE FLEXIBLE

FUND OF FUNDS

MINIMUM DISCLOSURE DOCUMENT

APPLICATION FORM

FUND OBJECTIVES

The IP Worldwide Flexible Fund of Funds aims to outperform CPI+6% p.a over a rolling 5-year period by investing in SA and international assets. The Fund invests in SA, and international equities, bonds, listed property and money market unit trusts and aims to limit volatility to between 12-15% p.a. standard deviation.

INVESTMENT PROCESS

The Fund has a predetermined risk budget per asset class to allow the manager to vary exposure between asset classes, whilst respecting the Fund’s strategic asset allocation benchmarks. The managers consider tactical asset allocations between asset classes and sectors after a team process has determined a risk score by considering the global and local leading economic indicators, asset class valuations, fundamental research, independent liquidity analysis and technical analysis.

HOW TO INVEST

FUND PRICES

FUND RANGE

FURTHER INFORMATION

ASISA Category: Worldwide Multi-Asset Flexible
Benchmark: CPI +6% p.a.
Inception (Class B2): 03 October 2011
Minimum lump sum investment (Class B2): R10, 000
Minimum monthly investment (Class B2): R1000
Max Initial Manager Fee (Class B2): 0.75%
Max Initial Adviser Fee: 2.00% (excl. VAT)
Annual Management Charge (Class B2): 0.75% (excl. VAT)
Hurdle rate:  CPI +6% p.a.
Dates of income declarations: 31 Mar/30 Sept
Date of income payment: 15th day of the following month or next business day if the 15th does not fall on a business day.
Valuation time: 20h00
Transaction time: 14h30
Custodian: Standard Bank of South Africa

FUND REFERENCE CODES

Fund Class Currency ISIN Bloomberg
Class B2 ZAR ZAE000159174 MITWWFB: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

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.