IP High Conviction Equity Fund

Fund Objectives

The investment objective of the Fund is to provide sustainable capital appreciation over the medium to long term. The portfolio will typically hold, subject to regulatory limits, between 16 and 25 equity securities. The portfolio shall have no exposure to other asset classes, and shall explicitly exclude fixed interest, listed property and foreign investments.
This fund is suitable for the sophisticated investor who understands the risks of being exposed to Equity.

Investment Process

A combination of fundamental analysis and technical analysis is used for sector weightings and share selection. The fundamental process encompasses a top down and bottom up analysis. The top down process evaluates global and domestic socio – macroeconomic issues. The bottom up process evaluates qualitative and quantitative company specific issues such as management, product diversity and a wide range of financial ratios. Technical analysis is used to determine short, medium and long term price trends with potential resistance and support levels. This research is used to assist with the timing of buying and selling of sectors and shares and is used to support the fundamental decision making process.

Further Information

ASISA Category:SA Equity - General
Benchmark:FTSE / JSE SWIX 40 Index
Inception (A Class):05 December 2012
Inception (B2 & C Class):11 December 2012
Minimum lump sum investment (A & C Class):R10,000
Minimum lump sum investment (B2 Class):R10 M
Minimum monthly investment (A & C Class):R500
Minimum monthly investment (B2 Class):N/A
Max Initial Manager Fee (A, B2 & C Class):0%
Max Initial Adviser Fee (A, B2 & C Class):2.00% (excl. VAT)
Annual Service Charge (A & C Class): 0.75% p.a. (excl. VAT)
Annual Service Charge (Class B2): 1.00% p.a. (excl. VAT)
Maximum Annual Advisor Fee (Class C): 1.14% p.a. (Incl. VAT)
Dates of income declarations:31 Mar
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 (QE: 17h00)
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 - MitonOptimal - learning to cut through the chatterRoeloff 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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