Not logged in
  
 
Home
 
 Marriott's Living Annuity Portfolios 
 Create
Portfolio
 
 View
Funds
 
 Compare
Funds
 
 Rank
Funds
 
Login
E-mail     Print
IFM Balanced Value Fund of Funds  |  South African-Multi Asset-Medium Equity
3.9434    +0.0065    (+0.165%)
NAV price (ZAR) Mon 15 Sep 2025 (change prev day)


 
Technical Details  
 

Formation Date (A)

15 Dec 2004

Fund Size (ZAR)

30 796 626

Domicile

South Africa

Reporting Currency

ZAR

JSE Code (A)

INDB

ISIN (A)

ZAE000063277

Pricing

Daily

Number of unitholders

0

ASISA Category

SA-Multi Asset-Medium Equity

Benchmark

50% BEASSA ALBI Index and 50% FTSE/JSE All Share Index

Income Distributions

31/03,30/09

Income Payment

01/04,01/10

Trustee

FirstRand Bank Ltd

Management Company

Itransact Fund Managers (RF) (Pty) Ltd.

Fund Management

Chris Meyer

Minimum Investment

R30 000

Minimum Top-Up

-

Minimum Monthly

R500

Risk Rating

Medium

 
Fund Objective  
 
The fund seeks to provide investors with a balance between capital growth, and income from dividends and interest received on investments. The portfolio aims to maintain an equity exposure between 40 and 60% at all times. From time to time surplus cash positions are held in anticipation of the identification of appropriate investment opportunities. The portfolio's investment style is one of value investing (an investment strategy based on buying shares which is trading at less than its' true worth) and is managed in accordance with a typical pension fund portfolio.
 
Management  
 
Chris Meyer (MCom, CA (SA))
Chris acquired extensive knowledge and experience in his 12 years as a qualified Chartered Accountant in a number of challenging managerial positions. Upon completion of his articles at the accounting and auditing firm, Theron Du Toit (Clients included Technicon SA, Trust Bank, Simba and Vetsak) he was promoted to an assistant manager, before joining the head office of the South African Department of Finance for compulsory national service. During this period, Chris managed to acquire extensive specialised tax structuring knowledge and completed a Masters degree in Business Administration on a part time basis. He was appointed director of a number of subsidiaries in the Sechold Limited Group in July 1993 (acquired by Investec Bank Limited in March 1994). As a structured finance team he and Lourens van Rensburg successfully structured investment products for institutions and corporate clients. Their portfolio of investments progressively grew into a few hundred million by early 1995 and the subsidiaries under their management contributed materially to the group's net income. Following on the success in the corporate world Chris ventured out to form the Indequity group with his colleague Lourens van Rensburg in May 1995. Through hard work and determination they, together with their dedicated team of employees, grew the business over the next couple of years into a niche financial services group. They listed the group at the end of 1998 on the Development Capital Market of the JSE Securities Exchange. Chris is currently an executive director of Indequity Group Limited and in addition to holding numerous directorships in the group he actively manages the Investments Division. In addition to his Masters degree, Chris also received BCom (Accountancy) and BCom (Hons) degrees from RAU. He qualified in 1988 and was admitted as a Charted Accountant to the South African Institute of Charted Accountants in 1991 on completion of his articles.
 
Fees and Costs - Class A
 
Initial Fee0.00%
Advisor Initial Feen/a
Annual Management Fee1.44%
Performance Fee-
Advisor Annual Feen/a
Trailer Fee-
Exit Fee-
TER (31/03)2.92%
TER Performance Fee0.00%
Transaction Costs Ratio0.31%
Total TER3.23%
 
Distribution - Class A
DeclaredPayAmountClassCurrency
31 Mar 20252 Apr 20250.000AZARc
30 Sep 20242 Oct 20241.000AZARc
31 Mar 20242 Apr 20240.000AZARc
30 Sep 20233 Oct 20231.081AZARc
31 Mar 20233 Apr 20234.548AZARc
30 Sep 20223 Oct 20220.407AZARc
31 Mar 20221 Apr 20220.000AZARc
30 Sep 20211 Oct 20210.000AZARc
31 Mar 20211 Apr 20210.000AZARc
30 Sep 20201 Oct 20200.000AZARc
 
Statutory Data
 
Management CompanyItransact Fund Managers (RF) (Pty) Ltd.
Registration Number1999/012170/07
DirectorsJ C Botha (CEO), L Jansen van Rensburg, T C Meyer (Executive Chairman)
TrusteeFirstRand Bank Ltd
AuditorsGrant Thornton
Sponsors-
AdvisorsHeiden Grimaud Asset Management
Physical Address15 Philips Street Ferndale, Randburg South Africa 2194
Postal AddressPO Box 4769 Randburg South Africa 2125
Telephone0861-116-075
Tollfree-
Fax011-561-6812
Emailinvestments@heidengrimaud.co.za
Websitehttp://www.itransactfm.co.za