Top 10 shares in Foord’s Equity Fund

The Foord Equity Fund’s top holdings include many prominent South African companies, including Naspers, Prosus, Aspen, Standard Bank, and FirstRand.

The Foord Equity Fund aims to create a diversified portfolio of quality companies bought at reasonable prices to achieve long-term returns with minimum risk of capital loss.

The fund’s goal is to earn a higher total rate of return than that of the South African equity market, as represented by the return of the FTSE/JSE Capped All Share Index.

Foord charges a 1% standard management fee with an over-under performance fee of 15%.

Therefore, it charges 15% of the gains above the benchmark and deducts 15% of any losses under the benchmark. 

Investors can deposit a minimum of R50,000 into the fund as a lump sum, or can make monthly contributions starting from R1,000. 

Over the last five years, the Foord Equity Fund underperformed its benchmark by 4.9%. Since its inception in September 2002, the fund has underperformed its benchmark by 0.3%.

It means it would have been beneficial for investors to buy a JSE All Share Index ETF rather than put their money into the Foord Equity Fund.

Top 10 shares in the Foord Equity Fund

The Foord Equity Fund’s latest fact sheet for January 2023 revealed that the top 10 shareholdings as of January 2023 include Naspers, Prosus, and Aspen.

The company is highly exposed to Naspers and Prosus, with 20.6% of the portfolio’s R3.7 billion holdings allocated to the technology giants.

Standard Bank and FirstRand are the biggest financial stocks in the portfolio, which offer exposure to South Africa’s top banks.