IP Active Beta Fund

Fund Objectives

The primary objective of the IP Active Beta Fund is to target a total return of inflation plus 5% over rolling four-year periods. In so doing, the Fund will aim to outperform a fixed asset allocation benchmark, over the same rolling period, through active asset allocation. Given the nature of the Fund, a secondary objective is to keep the Total Expense Ratio (TER) as low as possible to ensure that unnecessary costs do not hinder performance.

Investment Process

The Fund will be managed using a top-down approach, taking into consideration macroeconomic, fundamental, valuation and technical factors. These will serve as inputs to the managers’ tactical asset allocation decisions.

The Managers will invest in a combination of passive ETF instruments or Index Tracking Funds (ITFs), up to a maximum of 80% of the portfolio, and the balance in direct Equities, Bonds, Money Market and Property securities. The direct holdings will be managed on an index replication basis wherever possible.

The Fund may also include participatory interests or any other form of participation in portfolios of Collective Investment Schemes (CIS) or other similar schemes in the Republic of South Africa.

At all times, the Fund will adhere to regulations governing retirement funds (Regulation 28) and any related capital control legislation as set by the South African Reserve Bank.

Further Information

ASISA Category:SA Multi Asset - High Equity
Benchmark:FTSE JSE Shareholder Weighted Index (55%),
MSCI World Index (17%)
FTSE JSE All Bond Index (12,5%)
FTSE JSE SA Listed Property Index (7,5%)
Citi World Government Bond Index (2%)
3 month JIBAR (6%)
Inception GBP:25 February 2014
Minimum lump sum investment:R10,000
Minimum monthly investment:R500
Max Initial Manager Fee:0%
Max Initial Adviser Fee:2.00% (excl. VAT)
Annual Management Charge (Class A): 0.40% (excl. VAT)
Dates of income declarations:31 Mar / 30 Sept
Date of income payment:2nd day of the following month or next business day if the 2nd does not fall on a business day
Valuation time:15h00
Transaction time:14h30
Fund Prices at: 15h00
Custodian:Standard Bank of South Africa

Fund Reference Codes

Fund ClassCurrencyISINBloomberg

Management Company

Name:IP Management Company (Pty) Limited
Address:3rd Floor, Letterstedt House, Newlands on Main, Main Road, Newlands. 7700.PO Box 23271, Claremont. 7735, Cape Town, South Africa
Telephone:+27 21 673 1340
Fax:+27 86 557 4848

Fund Manager

Roeloff Horne - IP Active Beta FundRoeloff Horne – Director & Head of SA Portfolio Management of MitonOptimal

Email: [email protected]

The funds are owned by IP Management Company (Pty) Limited, an authorised Management Company registered according to the Collective Investment Schemes Act and regulated by the Financial Services Board of South Africa. It is an ordinary member of the Association for Savings & Investments SA (ASISA). Should you have any further queries or complaints please contact: IP Management Company (Pty) Limited Call Centre, P O Box 23271, Claremont, 7735, Email: [email protected] Collective Investments are generally medium to long-term investments. The value of participatory interests may go down as well as up and past performance is not necessarily a guide to the future. A fund of funds collective investments may invest in other collective investments, which levy their own charges, which could result in a higher fee structure for these portfolios. Collective Investment prices are calculated on a net asset value basis and auditor’s fees, bank charges and trustee fees are levied against the portfolio. Graphs and performance figures are sourced from Financial Express for lump sum investments including income distribution, at NAV to NAV basis and do not take any initial fees into account. Income is reinvested on the ex-dividend date. Actual investment performance will differ based on the initial fees applicable, the actual investment date and the date of reinvestment of income. The performance fee FAQ document is kept as a public document at IP Management Company (Pty) Limited. MitonOptimal South Africa (Pty) Limited is regulated by the Financial Services Board, FSP 28160.

Asisa Logo

Member of the Association for Savings & Investment SA

Main Address

MitonOptimal South Africa (Pty) Limited
Great Westerford,
Suite 202,
South Wing, 2nd Floor,
240 Main Road,
Rondebosch, 7700,
South Africa


t: +27 (0) 21 689 3579
f: +27 (0) 21 685 6944

Regulatory Information

MitonOptimal South Africa (Pty) Limited is an Authorised Financial Services Provider License No. 28160,  regulated by the Financial Sector Conduct Authority (FSCA) - Registration No. 2005/032750/07.

MitonOptimal Portfolio Management (Pty) Limited is an Authorised Financial Services Provider License No. 734, regulated by the Financial Sector Conduct Authority (FSCA) – Registered No. 2000/000717/07.



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