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Flagship IP Flexible Value Fund | South African–Multi Asset–Flexible
54.1533    -0.2135    (-0.393%)
NAV price (ZAR) Tue 30 Nov 2021 (change prev day)
 
Technical Details  
 

Formation Date (A1)

4 May 2005

Fund Size (ZAR)

364 172 981

Domicile

-

Reporting Currency

ZAR

JSE Code (A1)

FIFA1

ISIN (A1)

ZAE000159877

Pricing

Daily

Number of unitholders

258

ASISA Category

SA-Multi Asset-Flexible

Benchmark

Multi-Asset Flexible Sector Average

Income Distributions

31/03

Income Payment

02/04

Trustee

Standard Bank of South Africa Ltd.

Management Company

Flagship Private Asset Management (Pty) Limited

Fund Management

Niall Brown

Minimum Investment

R100 000

Minimum Top-Up

-

Minimum Monthly

no minimum

Risk Rating

Medium-High

 
Fund Objective  
 
The Flagship IP Flexible Value Fund aims to outperform both the JSE All Share Index and competing funds over the medium to long term. We rely on fundamental research to identify investments which are trading at a discount to their intrinsic value and to determine which asset classes are the most attractive. The fund will typically have a very different equity profile from that of the All Share Index. Risk is reduced through the fund's value oriented approach.
 
Management  
 
Niall Brown (BCom, CA(SA))
Niall was a director, and for a number of years, head of research at HSBC Securities (formerly Simpson McKie Inc). He was subsequently chief investment officer of HSBC Asset Management (South Africa) and was also the portfolio manager for the Nedbank Entrepreneur Fund which was the top performing smaller companies fund during his tenure. After an 18-year career at HSBC and its predecessor firms, he left the group in December 2000. From 2001 to 2004 he managed a private investment company with great success before deciding to return to the business of managing third-party funds. This led to the formation of Osborne Capital, which subsequently merged with Hermes Asset Management.
 
Fees and Costs - Class A1  
 
Initial Fee0.00%
Advisor Initial Feen/a
Annual Management Fee1.44%
Performance Fee0.1% for each 1.0% outperformance of benchmark
Advisor Annual Feen/a
Trailer Fee-
Exit Fee-
TER (30/09)1.70%
TER Performance Fee0.00%
Transaction Costs Ratio0.28%
Total TER1.98%
 
Distribution - Class A1
DeclaredPayAmountClassCurrency
31 Mar 20216 Apr 202146.205A1ZARc
31 Mar 20202 Apr 202056.450A1ZARc
31 Mar 20192 Apr 201998.157A1ZARc
31 Mar 20184 Apr 201826.582A1ZARc
31 Mar 20174 Apr 201720.988A1ZARc
31 Mar 20164 Apr 20169.810A1ZARc
31 Mar 20152 Apr 201517.340A1ZARc
31 Mar 20141 Apr 20140.000A1ZARc
31 Mar 20133 Apr 20134.340A1ZARc
31 Mar 20123 Apr 20120.000A1ZARc
 
Statutory Data  
 
Management CompanyFlagship Private Asset Management (Pty) Limited
Registration Number2000/029112/07
DirectorsP Floquet (Executive), W Floquet (Chairman), S Hudson (CEO)
TrusteeStandard Bank of South Africa Ltd.
AuditorsDeloitte
Sponsors-
Advisors-
Physical Address1st Floor, ICR House, Alphen Park Main Road Constantia 7800
Postal AddressPrivate Bag X21 Constantia 7848
Telephone021-794-3140
Tollfree-
Fax021-794-3135
Emailinfo@flagshipsa.com
Websitehttp://www.flagshipsa.com
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