REZCO
MANAGED PLUS FUND
ASISA South African – Multi-Asset – High Equity
Launch Date
August 2010
Regulation 28
Yes
Benchmark
ASISA South African Multi-Asset High Equity Weighted Average
Risk Rating
Moderate-Aggressive
The Fund’s primary objective is to create long-term wealth for investors, while at the same time to reduce the amount of risk. This is to be achieved within the constraints governing portfolios that can be included in retirement vehicles. The equity weighting in the Fund may not exceed 75%, while exposure to foreign assets is limited to 45%. The Fund invests in a combination of investment securities, such as: shares, listed property, commodities, bonds and money market instruments.
The Fund’s benchmark is the weighted average of the ASISA Multi-Asset High Equity category.
The Fund aims to achieve returns well in excess of inflation, measured over 3 – 5 year periods (CPI + 7%). The Manager does not make any guarantees concerning the capital or return of the Fund.
INVESTOR PROFILE
The Fund is suitable for investors who:
- want to preserve the purchasing power of their capital over the long term
- look to achieve long-term capital growth
- seek exposure to the earnings potential of equities, while taking advantage of the Fund’s multi-asset mandate
REZCO CHART
Rezco Managed Plus Fund
PERFORMANCE
| 1 Year | 3 Years Ann. | 5 Years Ann. | Since Inception Ann. | |
|---|---|---|---|---|
| Rezco Managed Plus A | 5.1 | 1.9 | 5.3 | 8.4 |
| FTSE/JSE All Share | 17.7 | 14.5 | 9.3 | 11.3 |
| ASISA SA MA High Equity | 13.0 | 10.4 | 6.9 | 8.5 |
| Source: Morningstar as at 30 September 2023 |
|---|
RISK
| SINCE INCEPTION | Std Dev | Sortino Ratio | Max Drawdown | Worst Month | Down Capture Ratio |
|---|---|---|---|---|---|
| Rezco Managed Plus A | 7.2 | 0.5 | -9.7 | -5.1 | 15.4 |
| FTSE/JSE All Share | 13.7 | 0.7 | -21.7 | -12.1 | 100.0 |
| Source: Morningstar as at 30 September 2023 |
|---|
PEERS
ASISA South African Multi-Asset High Equity Sector. The fund compares well with moderate balanced funds with long-term average of 60% – 68% equity allocation.
BENCHMARK
| Benchmark | Average for the ASISA SA MA High Equity category portfolios as calculated by Plexus |
| Inflation Target | Inflation + 7% |
FEES
| Initial Fee | None |
| Management Fee | Direct Investors: 1.25% p.a. ex VAT (Unit Class A) Through Investment Platforms: 0.65% p.a. ex VAT (Unit Class C) Through Investment Platforms: 0.95% p.a. ex VAT (Unit Class C1) |
| Performance Fee | 0.125% for every 1% out performance against the Average for the ASISA SA MA High Equity category portfolios as calculated by Plexus up to a maximum of 1.25% per year and only when there is an absolute return. (Not applicable to flat-fee classes, such as the Unit Class C1 above.) |
REGULATION 28
This fund is compliant with Regulation 28 of the Pension Funds Act and therefore suitable for retirement funds. We issue quarterly Regulation 28 compliance certificates and perform daily Regulation 28 compliance checks on the portfolio.
