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MI-PLAN IP Global AI Opportunity Fund  |  Global-Equity-General
36.6245    +0.0131    (+0.036%)
NAV price (ZAR) Tue 19 Nov 2024 (change prev day)


 
Technical Details  
 

Formation Date (B2)

10 Sep 2018

Fund Size (ZAR)

125 953 842

Domicile

South Africa

Reporting Currency

ZAR

JSE Code (B2)

PPEB2

ISIN (B2)

ZAE000116398

Pricing

Daily

Number of unitholders

38

ASISA Category

Gbl-Equity-General

Benchmark

95% MSCI World Equity Index, 5% STeFI

Income Distributions

31/03,30/09

Income Payment

02/04,02/10

Trustee

Standard Bank

Management Company

MI-PLAN (Pty) Ltd.

Fund Management

Tony Bell

Minimum Investment

R5 000

Minimum Top-Up

-

Minimum Monthly

R500

Risk Rating

Medium

 
Fund Objective  
 
The MIPLAN IP Global AI Opportunity Fund is a global equity portfolio which aims to achieve long term capital growth by investing predominantly in foreign equity securities and participatory interests in collective investment schemes including exchange traded funds. In selecting securities, artificial intelligence based quantitative processes may be used to seek out opportunities.
 
Management  
 
Tony Bell (BCom (Hons), MBA)
Tony manages our range of target return, absolute return and managed equity product offerings. He has over 24 years investment experience and was previously the chief investment officer of Syfrets and Nedcor Investment Bank Asset Management (NIBAM). Tony joined the company in 2000 as head of business development, returning to his fund management roots in October 2008. After assuming responsibility for the target return funds, Tony worked with Fernando Durrell to develop a sophisticated asset allocation framework that is able to adjust to a range of different macro environments. This process, together with active stock and bond selection has had a marked impact on the performance of Vunani Fund Managers’ suite of target return funds. Tony has, in addition, worked with Fernando in developing the absolute return offering. Tony holds a Masters degree from the University of Stellenbosch. His thesis explored determinants of the price formation process of equities.
 
Fees and Costs - Class B2
 
Initial Fee0.00%
Advisor Initial Feen/a
Annual Management Fee1.09%
Performance Fee-
Advisor Annual Feen/a
Trailer Fee-
Exit Fee-
TER (30/06)1.32%
TER Performance Fee0.00%
Transaction Costs Ratio0.09%
Total TER1.41%
 
Distribution - Class B2
DeclaredPayAmountClassCurrency
30 Sep 20242 Oct 20249.405B2ZARc
31 Mar 20243 Apr 20249.840B2ZARc
30 Sep 20233 Oct 20239.177B2ZARc
31 Mar 20234 Apr 20236.727B2ZARc
30 Sep 20224 Oct 20225.245B2ZARc
31 Mar 20224 Apr 20220.000B2ZARc
30 Sep 20214 Oct 20210.000B2ZARc
31 Mar 20216 Apr 20210.000B2ZARc
30 Sep 20202 Oct 20200.000B2ZARc
31 Mar 20202 Apr 20202.253B2ZARc
 
Statutory Data
 
Management CompanyMI-PLAN (Pty) Ltd.
Registration Number2008/001568/07
DirectorsAnthony Bell, Keith Betty (Non-executive), Ethan Dube (Non-executive), Guy Fletcher, Andrew Forde (Managing Director), Pauline Goetsch (Non-executive), Joseph Kainja, Sean Melnick (Non-executive), Chris Nissen (Non-executive)
TrusteeStandard Bank
Auditors-
Sponsors-
Advisors-
Physical Address3rd Floor Letterstedt House Newlands on Main Newlands 7700
Postal AddressNewlands on Main Corner of Main and Boundary Road Box 24 7700
Telephone+27-21-671-1650
Tollfree-
Fax+27-86-557-4848
Emailinfo@mi-plan.co.za
Websitehttp://www.MI-PLAN.co.za

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