Morningstar

PPS Moderate Fund of Funds A PPSM

Medalist Rating as of Sep 30, 2026

Strategy

The primary investment objective of the PPS Moderate Fund of Funds is to outperform a moderate inflation-related benchmark of CPIX plus 4% per annum over the medium to long term, which is defined for the purposes of this portfolio as a period of at least 60 months. In addition to the normal statutory investment limitations allocations will be subject to the following limitations: - allocations will be appropriate for retirement schemes. - actual exposure to equities will typically be between 40% and 65% - the limit on offshore investments will be in accordance with the requirements for domestic portfolios as per the ACI Code of Practice for Fund Classification.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PPFCB	PPS Moderate Fund of Funds B	—	Open			Jul 2, 2012	ZAR 3.28B	—	—	—	−ZAR 786.63M
PPSM	PPS Moderate Fund of Funds A	—	Open			Jul 2, 2012	ZAR 816.27M	—	Average	—	−ZAR 48.24M
PPMA2	PPS Moderate Fund of Funds A2	—	Open			Jan 2, 2013	ZAR 6.45B	—	Below Average	—	−ZAR 182.22M
PMSB2	PPS Moderate Fund of Funds B2	—	Open			Jan 2, 2015	ZAR 2.68M	—	Low	—	−ZAR 2.84M
PPMMA3	PPS Moderate Fund of Funds A3	—	Open			Jul 1, 2019	ZAR 2,063.00	—	—	ZAR 0	ZAR 25.24

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