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PSG Wealth Global Preserver Fund of Funds (USD) IC Limited Class A Minimum Disclosure Document (MDD) Please note that the name of the fund changed from PSG Konsult Houghton Global Income Por�olio (USD) IC Limited Class B to PSG Wealth Global Preserver Fund of Funds A (USD) IC Limited from 15 July 2016. 30 June 2017 FUND DESCRIPTION INVESTMENT OBJECTIVE AND SUMMARY OF INVESTMENT POLICY PSG Fund Management (CI) Ltd The objec�ve of the Por�olio is to provide rela�ve capital stability and to Fund Manager maximise returns for investors through ac�ve management of an USD Cau�ous Alloca�on interna�onally diversified por�olio of global high income and interest USD 1000 bearing collec�ve investment schemes established, recognised or Sector Minimum Investment regulated in any Approved Country and assets in liquid form. The emphasis 31 919 066 of the Manager’s investment approach will be on debt obliga�ons of 6/10/2010 governments, interna�onal organisa�ons and corpora�ons or financial Fund Size ($) Incep�on Date ins�tu�ons of high credit standing. GIFS USD Cau�ous Alloca�on Benchmark COMPOSITION % Veritas Global Real Return Fund Investec GSF Global Mul�Asset Income Fund Orbis Op�mal Fund Schroder ISF Global Mul�Asset Income Fund BlackRock Global Mul�Assset Income Fund Fidelity Funds Global Mul�Asset Income Fund Offshore Cash ASSET ALLOCATION 17.22 17.35 11.99 17.21 17.30 17.24 1.69 100.00 20.0 0.0 20.0 ANNUALISED RETURNS Time Period: 6/11/2010 to 6/30/2017 As of Date: 6/30/2017 7.5 130 000 6.8 125 000 5.3 5.3 5.4 4.5 115 000 3.0 105 000 2.3 2.7 PSG Wealth Global Preserver FoF (USD) A 2013 128 737.3 GIFS USD Cautious Allocation 2015 2017 120 120.3 TOP TEN EQUITY HOLDINGS % Charter Communica�ons Inc Comcast Corp Microso� Group Allergan plc Alphabet Inc UnitedHealth Group Inc Airbus Group SE American Express Co Safran S.A. Sumitomo Corp 1.37 0.99 0.81 0.73 0.73 0.73 0.69 0.69 0.69 0.66 Return 2011 2.6 2.3 2.6 0.7 0.8 0.0 3.6 1.6 1.5 100 000 4.0 3.7 3.8 110 000 95 000 6.7 6.0 120 000 Domes�c Other Domes�c Equity Domes�c Bonds Domes�c Cash Offshore Equity Offshore Property Offshore Bonds Offshore Other Offshore Cash 60.0 Total 40.0 CUMULATIVE GROWTH OF $ 100 000 SINCE INCEPTION % 1.66 0.01 0.79 0.65 35.18 2.12 44.92 4.03 15.26 100.00 1 year 2 years 3 years PSG Wealth Global Preserver FoF (USD) A 4 years 5 years Inception GIFS USD Cautious Allocation FEES Ini�al Manco Fee % 0.00 Max. Ini�al Broker Fee % 2.00 Annual Management Fee % 1.50 Total Expense Ra�o % 2.90 For a breakdown of the Total Investment Charge, please refer to page 2 PSG Wealth Global Preserver Fund of Funds (USD) IC Limited Class A Minimum Disclosure Document (MDD) 30 June 2017 DISTRIBUTIONS (Cents per unit) ROLLING RETURNS* 31 July 2016 31 August 2016 30 September 2016 31 October 2016 30 November 2016 31 December 2016 31 January 2017 28 February 2017 31 March 2017 30 April 2017 31 May 2017 30 June 2017 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A ADDITIONAL INFORMATION PERFORMANCE IMPACT FACTORS Minimum Investment Horizon 5 years Risk of monetary loss Moderate Vola�lity Moderate Equity markets Exchange rates Interest rates Longevity risk Infla�on risk Target Investor Investors seeking a global mul�asset por�olio which provides rela�ve capital stability while genera�ng longterm wealth in developed fixed interest markets. Investors should be comfortable with market fluctua�ons i.e. short term vola�lity. Moderate High Moderate Low to moderate Low to moderate GLOSSARY Longevity risk: The risk that an individual will outlive his/her savings because the long term investment growth was insufficient to sustain the individuals’ life expenses. Infla�on risk: The risk that long term infla�on growth will exceed the long term investment growth of an individuals’ por�olio, thereby effec�vely reducing the purchasing power of those savings. *Rolling Returns: The graph illustrates the best, worst and average rolling returns over the indicated periods, since the incep�on of the fund. This provides investors with an indica�on of the distribu�on of returns historically experienced by this fund. For example the chart depicts the highest and lowest consecu�ve 12month returns since incep�on, this is a measure of how much the Fund has varied per rolling 12month period. NOTES AND DISCLAIMER The Total Expense Ra�o (TER) is the annualised percentage of the Fund’s average assets under management that has been used to pay the Fund’s actual expenses over the past three years. This percentage of the average Net Asset Value of the por�olio was incurred as charges, levies and fees related to the management of the por�olio. A higher TER ra�o does not necessarily imply a poor return, nor does a low TER ra�o imply a good return. The current TER cannot be regarded as an indica�on of future TERs. Transac�ons costs: Transac�ons costs are shown separately. Transac�on costs are a necessary cost in administering the Financial Product and impacts Financial Product returns. They should not be considered in isola�on as return may be impacted by many other factors over �me including market returns, the type of Financial Product, the investment decisions of the investment manager and the TER. Total Investment Charge: The sum of the TER and transac�on costs is shown as the Total Investment charge. Since Fund returns are quoted a�er the deduc�on of these expenses, the TER and Transac�ons costs should not be deducted again from published returns. Due to rounding, numbers presented throughout this document may not add up precisely to the totals provided. Total Investment Charge annualised for the period 01/04/201431/03/2017 Total Investment Charge annualised for the period 01/04/201631/03/2017 Total Expense Ra�o % 2.90 Total Expense Ra�o % 2.82 Annual Management Fee % 1.50 Annual Management Fee % 1.50 Other costs excl. transac�on costs % 1.40 Other costs excl. transac�on costs % 1.32 Transac�on costs % 0.17 Transac�on costs % 0.17 Total Investment Charge % 3.08 Total Investment Charge % 3.00 REPRESENTATIVE OFFICE: PSG Collec�ve Investments (RF) Limited, 1st Floor PSG House, Alphen House, Constan�a Main Road, Constan�a, 7806 , Tel: +27 21 799 8000, Fax: +27 21 799 8181 Email: utoff[email protected] ADMINISTRATOR: Vistra Fund Services (Guernsey) Ltd, 11 New Street, St Peter Port, Guernsey, GY1 2PF, Tel: +44 1481 726034 MANAGER: PSG Fund Management (CI) Limited, 11 New Street, St Peter Port, Guernsey, GY1 2PF, Email: utoff[email protected], Tel: +44 1481 726034, Fax: +44 1481 726029, Website: www.psg.co.za/assetmanagement CUSTODIAN: BNP Paribas Securi�es Services SCA, BNP Paribas House, St. Julian's Avenue, St Peter Port, Guernsey GY1 1WA, Tel: +44 (0) 1534 813 800 Date Issued: 7/10/2017 PSG Wealth Global Preserver Fund of Funds (USD) IC Limited Class A Minimum Disclosure Document (MDD) 30 June 2017 NOTES AND DISCLAIMER General Informa�on: Collec�ve Investment Schemes in Securi�es (CIS) are generally medium to longterm Investments. The value of par�cipatory interests (units) or the investment may go down as well as up and past performance is not a guide to future performance. Fluctua�ons or movements in the exchange rates may cause the value of underlying interna�onal investments to go up or down. CIS are traded at ruling prices and can engage in borrowing and script lending. Where foreign securi�es are included in a por�olio, the por�olio is exposed to risks such as poten�al constraints on liquidity and the repatria�on of funds, macroeconomic, poli�cal, foreign exchange, tax, se�lement and poten�al limita�ons on the availability of market informa�on. The por�olios may be capped at any �me in order for them to be managed in accordance with their mandate. Excessive withdrawals from the por�olio may place the por�olio under liquidity pressures and in such circumstances a process of ringfencing of withdrawal instruc�ons and managed payouts over �me may be followed. Past performance is not a reliable indicator of future results and you may get back less than you originally invested. This publica�on is for private circula�on and informa�on purposes only and does not cons�tute a personal recommenda�on or investment advice or an offer to buy/sell or an invita�on to buy/sell securi�es in the fund. The informa�on and any opinions have been obtained from or are based on sources believed to be reliable, but accuracy cannot be guaranteed. No responsibility can be accepted for any consequen�al loss arising from the use of this informa�on. The informa�on is expressed at its date and is issued only to and directed only at those individuals who are permi�ed to receive such informa�on in accordance with Guernsey laws and regula�ons. In some countries the distribu�on of this publica�on may be restricted, it is your responsibility to find out what those restric�ons are and observe them. PSG Fund Management (CI) Limited as general manager and Vistra Fund Services (Guernsey) Ltd as Administrator are licensed by the Guernsey Financial Services Commission (GFSC). The fund is a Guernsey Class B open ended collec�ve investment scheme authorised by the GFSC. Figures and benchmark quoted are from Source: © 2017 Morningstar, Inc. All Rights Reserved. The management of the por�olio is delegated to PSG Mul�Management (Pty) Ltd an authorized Financial Service Provider under the Financial Advisory and Intermediary Services Act.2002, FSP 44306. The Manager does not provide any guarantee either with respect to the capital or the return of a por�olio and retains full legal responsibility for the third party named por�olio. A schedule of actual annual fees and charges, maximum commissions as well as actual annual performance figures can be requested from PSG Collec�ve Investments (RF) Ltd. A fund of funds por�olio invests in por�olios of Collec�ve Investment Schemes, which levy their own charges, which could result in a higher fee structure for the fund of funds. The fund may borrow up to 10% of the market value to bridge insufficient liquidity. Performance: Unit prices are calculated on net asset value (NAV) basis, which is the market value of all assets in the fund including income accruals and permissible deduc�ons divided by the number of units in issue. All performance data for a lump sum, net of fees, include income and assumes reinvestment of income on a NAV to NAV basis. Annualised performances show longer term performance rescaled over a 12 month period. Individual investor performance may differ as a result of ini�al fees, the actual investment date, the date of the reinvestment and dividend withholding tax. Performance is calculated for the por�olio and individual investor performance may differ as a result thereof. Actual annual figures are available to the investor on request. Prices are published daily and available on the website: www.psgkglobal.com and in the daily newspapers. Figures quoted are from Morningstar Inc. Pricing: Forward pricing is used. Unit trust prices are calculated on a net asset value (NAV) basis, which is the market value of all assets in the Fund including income accruals less permissible deduc�ons divided by the number of units in issue. Fees: A schedule of fees and charges and maximum commissions is available on request from the appropriate manager. Commission and incen�ves may be paid and, if so, are included in the overall costs. Different classes of par�cipatory interest can apply to these por�olios and are subject to different fees, charges and possibly dividend withholding tax and will have differing performances. Valua�on point and dealing day: 23h59 on each business day, or the next business day if such day is a nonworking day. Cutoff �mes: Subscrip�on dealing day: Redemp�on dealing day: Conversion no�ce period: The valua�on point The valua�on point Two business days prior to the redemp�on dealing day Addi�onal informa�on: Addi�onal informa�on is available free of charge on the website: www.psgkglobal.com and may include publica�ons, brochures, applica�on forms and annual reports. Also refer to the fund’s supplemental scheme par�culars and prospectus for more informa�on. REPRESENTATIVE OFFICE: PSG Collec�ve Investments (RF) Limited, 1st Floor PSG House, Alphen House, Constan�a Main Road, Constan�a, 7806 , Tel: +27 21 799 8000, Fax: +27 21 799 8181, Website: www.psg.co.za/assetmanagement Email: utoff[email protected] ADMINISTRATOR: Vistra Fund Services (Guernsey) Ltd, 11 New Street, St Peter Port, Guernsey, GY1 2PF, Tel: +44 1481 726034, Email: utoff[email protected] MANAGER: PSG Fund Management (CI) Limited, 11 New Street, St Peter Port, Guernsey, GY1 2PF, Email: utoff[email protected], Tel: +44 1481 726034, Fax: +44 1481 726029 CUSTODIAN: BNP Paribas Securi�es Services SCA, BNP Paribas House, St. Julian's Avenue, St Peter Port, Guernsey GY1 1WA, Tel: +44 (0) 1534 813 800 Date Issued: 7/10/2017