Investec Opportunity Fund

18 December 2017

General Information

Status Open
Fund category: Unit Trust
Management company: Investec Fund Managers SA (RF) (Pty) Ltd.
Asset Manager(s): Clyde Rossouw
Sector South African--Multi Asset--High Equity
Benchmark Inflation plus 6% (net of fees) over a 3 to 5-year rolling period
Launch Date 02 May 1997
Fund Value ZAR 44,800,855,651.00 as at 30 Sep 2017
Risk Rating
Low Risk  High Risk
Performance Target N/A
Status is provided by the management company. This does not provide an indication of the availability of the fund within an Old Mutual product and may differ from the status of the fund within a product. The displayed risk rating may differ from the risk rating provided by the management company, where deemed appropriate.


Fund Description

The Investec Opportunity Fund aims to produce dependable inflation-beating returns, while minimising downside risk. The objective is to achieve returns well in excess of inflation measured over three to five year periods.

The fund invests in a mix of South African equities, bonds and money market instruments, as well as international equity and fixed interest investments. Equity exposure is currently limited to 75% and the international exposure to 25%. The allocation of assets is actively managed with a bias towards equities that are attractively priced given their inherent value.

Fund features
·Strong focus on capital preservation and absolute returns through active asset allocation and stock selection decisions.
·Emphasis on companies with consistent real dividend and earnings growth.
·Lower volatility than traditional balanced funds.


Prices

Latest NAV/Sell Price: ZAR 1,115.29 15 Dec 2017
Highest NAV/Sell Price: ZAR 1,151.71 10 Nov 2017

Prices are those of the class available to the public through an Old Mutual product.


Price Performance


Daily Performance Figures as at 15 December 2017


Fund:
Sector:
1 Year 3 Years 5 Years
9.42%
9.53%
8.61%
6.72%
9.60%
9.12%
Fund performance results are calculated on the NAV-to-NAV fund performance of the oldest class, net of asset management fees. Figures are calculated on a lump sum basis in the currency of the fund and are annualised. Sector performance results include reinvested income and are gross of any deductions.


Asset Management Fees

Initial Fee: N/A
Annual Fee: 2.11
Performance Fee: N/A
Total Expense Ratio: 1.25
Fees are those of the class available to the public through an Old Mutual product and include VAT. Fees are those levied when investing in the fund through an Old Mutual product and are separate from product administration charges and adviser fees. For feeder funds and funds of funds, the total annual asset management fee does not include the fees in respect of underlying unit trust charges. The annual underlying unit trust charges generally vary between 0.46% and 1.14% including VAT, depending on the fund(s) chosen.


Asset Split as at 30 September 2017

Holding Name Percentage
Foreign Bonds
0.03%
Foreign Cash
1.23%
Foreign Equities
28.86%
Foreign Property
2.02%
Local Bonds
19.17%
Local Cash
11.68%
Local Equities
34.42%
Local Property
2.59%

Top Holdings (out of 54) as at 30 September 2017

Holding Name Sector Percentage
INVGLQUEQINCO Equities 21.47%
O-IGSFGOE Offshore Intern 7.09%
BATS Tobacco 5.21%
R2030 Bond 4.60%
SASOL Chemicals 3.82%
ASSORE Mining 3.45%
U-INVMM Money Market 3.36%
R213 Bond 3.26%
U-NEWGOLD Exchange Traded Funds 3.23%
RICHEMONT Personal Goods 3.20%

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