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7.98  /  0.74%

1080.86

NAV on 2021/09/16
NAV on 2021/09/15 1072.88
52 week high on 2021/02/17 1147.02
52 week low on 2020/11/03 950.68
Total Expense Ratio on 2021/06/30 2.32
Total Expense Ratio (performance fee) on 0
NAV
Incl Dividends
1 month change -3.53% -3.53%
3 month change 2.7% 2.7%
6 month change 0.02% 0.02%
1 year change 12.29% 12.29%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Liquid Assets 0.03 0.08%
Offshore 32.72 99.92%
  • Top five holdings
FLAGGLOBICON 32.72 99.92%
  • Performance against peers
  • Fund data  
Management company:
Flagship Private Asset Management (Pty) Limited
Formation date:
2020/08/06
ISIN code:
ZAE000289443
Short name:
U-GLICFLA
Risk:
Unknown
Sector:
Global--Equity--General
Benchmark:
MSCI All Country World Index
Email
info@flagshipsa.com

Website
http://www.flagshipsa.com

Telephone
021-794-3140

  • Fund management  
Pieter Hundersmarck
Kyle Wales


  • Fund manager's comment

Flagship IP Global Icon Feeder comment - Dec 20

2021/02/03 00:00:00
The Global Icon Feeder Fund returned 2.1% in Rands for the month, outperforming its MSCI ACWI (in ZAR) benchmark which delivered a return of -0.6%. Icon’s largest contributors were Capri Holdings (owner of Michael Kors), Pagseguro and Zalando. Icon’s largest detractor was Alibaba which continued its poor run of performance with further anti-trust concerns emerging. The Global Icon feeder fund has had a strong performance since its inception date of 6 August 2020, returning +3.3% in rands, comfortably ahead of its benchmark return of -3.0%.
As required by legislation, we confirm that the fund has adhered to its policy objective and strategy.
  • Fund focus and objective  
The fund invests directly into the Flagship Global Icon Fund IC Limited, registered in Guernsey. That fund seeks to provide long-term capital appreciation by investing in highquality companies that the Fund Manager believes will generate superior returns over the long-term. Such companies typically have a franchise in the form of a hard-to-replicate intangible asset (such as a brand, culture or intellectual property) that leads to an enduring competitive advantage and a dominant market position.
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