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PPS Defensive Fund | South African–Multi Asset–Low Equity
1.3680    +0.0047    (+0.345%)
NAV price (ZAR) Thu 2 Oct 2025 (change prev day)
 
Snapshot
<i><b>  Performance</b></i><hr/>This gauge shows the decile position of the fund against 171 Rand-denominated South African--Multi Asset--Low Equity funds over the last three years (needle right indicates above average performance)
Performance
<i><b>  Size</b></i><hr/>This gauge shows the size of the fund against all Rand-denominated retail funds (needle right indicates a large fund, needle left a small fund)
Size
<i><b>  Diversification</b></i><hr/>This gauge shows the level of diversification relative to other funds in the same second-tier (multi asset) category (needle right indicates a well-diversified fund)
Diversification
<i><b>  Risk</b></i><hr/>This gauge shows the fund's level of historical risk relative to other funds in the South African--Multi Asset--Low Equity sector based on 3-year volatility (needle right indicates lower risk within the sector)
Risk
Fund Performance
NAV and TRI Performance
  TRI
  NAV
   3 Months 6 Months 1 Year 3 Years 5 Years
Period    Return %Growth of R1 000
chart
* Not annualised
Key Facts and Fund Objective
Key Facts
Formation Date 12 Sep 2018
Fund Size (ZAR) 704 800 771
Latest Price 1.37
PlexCrowns (Senior)
PlexCrowns (Junior)
Total Expense Ratio (30/06) 1.10%
Minimum Investment-
TTM Distribution Yield 3.63%
Fund Objective
Sasfin Asset Managers has been appointed as our PPS Defensive Fund portfolio manager. Sasfin Asset Managers has a risk-conscious mindset with a focus on protecting capital by maintaining a diversified asset class exposure. In the PPS Defensive Fund (and in our other partnership strategies) our approach is to identify a manager through our comprehensive research process, with the skill set and capabilities to successfully manage a strategy. Partnership managers typically do not yet offer a similar strategy in the retail space. The PPS Defensive Fund is aimed at investors looking for a low volatility, diversified multi asset portfolio, managed within Regulation 28 of the Pension Fund Act....Read more
Asset Classes and Holdings
Asset Classes
 SA Equities25.40%  
 Foreign Equities14.10%  
 SA Bonds49.40%  
 Foreign Bonds1.20%  
 SA Property2.70%  
 Foreign Property2.50%  
 SA Cash1.10%  
 Foreign Cash3.60%  
Top Holdings as at 30 Jun 2025
SecurityUnitsValue (Rm)% of Fund
DOMESTICFUNDE 0 258.5633.38%
GOVTISSUPAPER 0 206.6126.68%
FOREIGNDIRFCE 0 84.6710.93%
FINANCEINSTIT 0 56.117.25%
FOREIGN MMI 0 45.275.84%
TOTALFOREIGEQ 0 28.183.64%
DOMESTICFUNDR 0 16.152.09%
FOREIGNCASH 0 15.882.05%
ADDITIONAL 0 13.511.74%
CONSUMERSRVS 0 10.611.37%
Totals  735.5594.97%
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2 Oct1.37+0.00+0.34% 
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