The primary objective of the fund is to outperform the ASISA SA Multi Asset Low Equity category average.
The PPS Defensive Fund is aimed at investors looking for a low volatility, diversified multi asset portfolio, managed in line with Regulation 28 of the Pension Fund Act.
The fund’s aim is to deliver long-term capital growth with low short-term volatility. The investment horizon for this fund is greater than three years.
1 November 2018
762m
9,86%
(ASISA) South African MA Low Equity
South African MA Low Equity
144,15
3 + years
The portfolio is an actively managed multi-asset fund that invests in a wide range of listed domestic and international asset classes, including equity, bonds, money market, and listed property. The fund aims to reflect our best investment view. The fund is Regulation 28 compliant.
PERIOD | FUND | Benchmark | Outperformance |
|---|---|---|---|
6 months | 19.56% | 15.51% | 4.05% |
12 months | 18.16% | 14.51% | 3.65% |
24 months | 6.59% | 7.09% | -0.50% |
3 year Annualised | 12.21% | 11.69% | 0.52% |
5 year Annualised | 11.05% | 9.93% | 1.12% |
Since inception Annualised* | 9.86% | 9.03% | 0.83% |
YTD | 1.81% | 1.60% | 0.21% |
Lowest Annual Return | -2.4% | ||
Highest Annual Return | 24.53% | ||
Annualised return is the weighted average compound growth rate over the performance period measured.
*Investment performance is for illustrative purposes only. Investment performance is calculated by taking the fees into account and income is reinvestment on the reinvestment date.
The value of investments, as well as any income earned from them, might decline as well as rise. Historical performance is not a predictor of future outcomes. Investment objectives and performance targets may not be met, and losses may occur. We advise you to obtain independent financial advice to ensure that this Fund meets your investing needs. Performance is not reported for share classes that have been in existence for less than 12 months. No assurance is made that any investment will or is likely to produce profits or losses comparable to those obtained in the past, or that losses will be avoided.
Lowest annual return and Highest annual return are since inception to end of May 2026.
Source: all data from Morningstar up to end May 2026.
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Number: 47909 Registration Number: 2011/010633/07
