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VISION |
| The
Foord Compass vision is to be
the pre-eminent investment fund
and preferred investment partner. |
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INVESTMENT
OBJECTIVE |
| The
company’s long-term investment
objective is to deliver a total portfolio
return of 10% per annum above the annual
change in the South African Consumer
Price Index on a rolling five-year basis,
thereby providing sustainable real returns
to shareholders and debenture holders. |
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RISK
MANAGEMENT AND INVESTMENT STYLE |
| Management
of investment risk and an emphasis on
long-term investment are key to achieving
the investment objective. This is principally
accomplished through appropriate and
well-researched market, asset class
and sector diversification. The company
seeks to avoid negative returns over
any one year period. |
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INVESTMENT
UNIVERSE |
| To
achieve the investment objective while
managing investment risk, the company
may invest in any asset class in any
investment market in any currency. Securities
may be listed or unlisted, while exposures
may be both long and short. Financial
gearing may also be utilised when appropriate. |
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INCOME
DISTRIBUTIONS AND CAPITAL |
| The
company pays interest annually to debenture
holders amounting in aggregate to ninety
percent of the annual distributable
income. Their proportionate share of
non-distributable capital profits also
accrues to the carrying value of the
debentures. |
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