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Discovery Flexible Property Fund Summary Fact Sheet
South African--Real Estate--General
 
Technical Overview
Formation Date: 5 Nov 2007
Holdings: 16
Original Price: 100
Pricing System: Forward
 
Price (A - Class)
 
Management
Peter Clark
Peter is a portfolio manager at Ninety One, where he is responsible for the listed real estate strategies. He manages the South African listed Property Fund and the Global Real Estate Securities Fund. He joined the firm in 2008 initially in the property division, and later moved to the asset management division in 2010. He has a broad range of property experience having been involved in property development, direct and listed property investments and property finance. Peter was instrumental in the launch of the Global Real Estate Fund and the Growthpoint Investec African Properties Fund. Peter Graduated from the University of Cape Town with a Bachelor of Science (Hons) degree in Property Studies along with majors in Accounting and Finance. Peter has a Masterís Degree in Real Estate from the University of Cambridge and is a CFA Charterholder.
 
Ann-Maree Tippoo
 
Luqman Hamid
 
Ranking
Sector: South African-Real Estate-General
Fund Size: R1 186 061 267 (as at 31 Mar 2021)
Sector Rank: 5 out of 41
(lump sum over 1 years to 31 May 2021)
Overall Rank: 80 out of 1324
(lump sum over 1 years to 31 May 2021)
R1000 invested on 31 May 2020 was worth R1 418.33 on 31 May 2021 (41.83% annual compound return)
R100 per month since 31 May 2020 was worth R1 531.50 on 31 May 2021 (44.38% annual return compounded monthly)
 
Please note that domestic fund performance figures are calculated on a NAV-NAV basis including dividends reinvested on the reinvestment date, ETFs are reinvested on the ex-div date.
   
Focus and Objective
Investment Strategy The fund will invest mainly in a mixture of property securities listed on the JSE such as listed property unit trusts in collective investment schemes. The fund follows a specialist equity strategy with prudential international exposure. This is based on a rigorous specialist equity research process. The fund uses a market relative investment process. The fund will maintain at least 50% in South African listed property equity. The balance will be invested in bonds and money market instruments. Fund Objectives The fund aims to outperform South African Property Equity indices as measured by the benchmark over rolling three-year periods. The fund further aims to provide an income yield to investors investing for the long-term.
 
Latest Fund Manager Comment / News
The Discovery Flexible Property Fund invests mainly in a mixture of property securities  ...more
 
News Archive
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Top Holdings on 31 Mar 2021
Share No Units Value (Rm) % of Fund
GROWPNT 12 118 730 159.97 13.49%
NEPIROCK 1 666 058 155.31 13.09%
REDEFINE 39 634 285 148.63 12.53%
RESILIENT 1 421 927 64.68 5.45%
MAS 3 850 703 61.61 5.19%
Totals   590.20 49.76%
 
Comparative Performance
 
Portfolio Structure as at 31 Mar 2021
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Dividend Data
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Fees and Charges
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Sectoral Information
Click here for Sectoral Information for this fund.
 


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