Marriott Fund Research Tool


Technical Details

Formation Date (A2)	2 Jan 2019
Fund Size (ZAR)	10 525 798 581
Domicile	South Africa
Reporting Currency	ZAR
JSE Code (A2)	PPBFA2
ISIN (A2)	ZAE000264826
Pricing	Daily
Number of unitholders	6
ASISA Category	SA-Interest Bearing-Variable Term
Benchmark	50% JSE All Bond Index (ALBI), 50% Composite Inflation Linked Index (CILI)
Income Distributions	-
Income Payment	-
Trustee	0
Management Company	Professional Provident Society Management Company
Fund Management	PPS Multi-Managers Proprietary Ltd
Minimum Investment	R0
Minimum Top-Up	-
Minimum Monthly	no minimum
Risk Rating	Low-Medium


Technical Details

Formation Date (A2)	2 Jan 2019
Fund Size (ZAR)	10 525 798 581
Domicile	South Africa
Reporting Currency	ZAR
JSE Code (A2)	PPBFA2
ISIN (A2)	ZAE000264826
Pricing	Daily
Number of unitholders	6
ASISA Category	SA-Interest Bearing-Variable Term
Benchmark	50% JSE All Bond Index (ALBI), 50% Composite Inflation Linked Index (CILI)
Income Distributions	-
Income Payment	-
Trustee	0
Management Company	Professional Provident Society Management Company
Fund Management	PPS Multi-Managers Proprietary Ltd
Minimum Investment	R0
Minimum Top-Up	-
Minimum Monthly	no minimum
Risk Rating	Low-Medium

Fund Objective

The PPS Bond Fund is available as a building block to both retail and institutional investors. The benchmark has recently changed from the JSE All Bond Index (ALBI) to 50% JSE All Bond Index (ALBI) and 50% JSE Composite Inflation Linked Index (CILI). This allows the underlying managers to have exposures to both nominal and inflation linked bonds, with discretion as to the allocation to each. The underlying managers are restricted from purchasing non-investment grade paper, but are given reasonable allowance in terms of duration compared to the benchmark.

Fund Objective

The PPS Bond Fund is available as a building block to both retail and institutional investors. The benchmark has recently changed from the JSE All Bond Index (ALBI) to 50% JSE All Bond Index (ALBI) and 50% JSE Composite Inflation Linked Index (CILI). This allows the underlying managers to have exposures to both nominal and inflation linked bonds, with discretion as to the allocation to each. The underlying managers are restricted from purchasing non-investment grade paper, but are given reasonable allowance in terms of duration compared to the benchmark.


Management

PPS Multi-Managers Proprietary Ltd


Management

PPS Multi-Managers Proprietary Ltd


Fees and Costs - Class A2

Initial Fee	0.00%
Advisor Initial Fee	n/a
Annual Management Fee	0.7475%
Performance Fee	-
Advisor Annual Fee	n/a
Trailer Fee	-
Exit Fee	-
TER (30/06)	0.76%
TER Performance Fee	0.00%
Transaction Costs Ratio	0.04%
Total TER	0.80%


Fees and Costs - Class A2

Initial Fee	0.00%
Advisor Initial Fee	n/a
Annual Management Fee	0.7475%
Performance Fee	-
Advisor Annual Fee	n/a
Trailer Fee	-
Exit Fee	-
TER (30/06)	0.76%
TER Performance Fee	0.00%
Transaction Costs Ratio	0.04%
Total TER	0.80%


Statutory Data

Management Company	Professional Provident Society Management Company
Registration Number	2008/017040/07
Directors	NJ Battersby (Executive, Chairman), CK de Klerk (Non-executive), SM Gerber (Non-executive, Independent), AJ Woolfson (Non-executive, Independent)
Trustee	-
Auditors	-
Sponsors	-
Advisors	-
Physical Address	Ground Floor Travers House, Boundary Terraces 1 Mariendahl Lane Newlands 7700
Postal Address	PO Box 44507 Claremont 7735
Telephone	0860-468--777 (INV PPS)
Tollfree	-
Fax	021-6803680
Email	clientservices@ppsinvestments.co.za
Website	http://www.ppsinvestments.co.za


Statutory Data

Management Company	Professional Provident Society Management Company
Registration Number	2008/017040/07
Directors	NJ Battersby (Executive, Chairman), CK de Klerk (Non-executive), SM Gerber (Non-executive, Independent), AJ Woolfson (Non-executive, Independent)
Trustee	-
Auditors	-
Sponsors	-
Advisors	-
Physical Address	Ground Floor Travers House, Boundary Terraces 1 Mariendahl Lane Newlands 7700
Postal Address	PO Box 44507 Claremont 7735
Telephone	0860-468--777 (INV PPS)
Tollfree	-
Fax	021-6803680
Email	clientservices@ppsinvestments.co.za
Website	http://www.ppsinvestments.co.za

Your Email Address
Recipient's Email Address
Message for Recipient	Attached is a PDF from Marriott.