The fund aims to provide investors with a return of 3% in excess of inflation (CPI) over a rolling 3 years and a positive return over any rolling 12-month period. The fund is expected to deliver more consistent returns than an income fund and reduce the volatility inherent in the bond market. Great care is applied to protect the fund against incurring losses.

WHO THE FUND MAY BE SUITABLE FOR

Investors seeking cash alternative to a bank deposit.
Retirees who seek a managed exposure to income generating investments.
Those seeking active management within the fixed-interest universe.
Investors who have at least an 18-month or longer investment horizon.

INVESTOR NEED
Income and growth

BENCHMARK
Alexander Forbes Short Term Fixed Interest Index (STeFi)+2%

INVESTMENT VEHICLE
Unit trust

MAXIMUM EXPOSURE TO GROWTH ASSETS (EQUITY EXPOSURE)
Maximum of 20% in property and preference shares

RISK RATING
Low

TIME HORIZON
Medium term

ASSET CLASS(ES)
Property shares, preference shares, money market instruments, cash and bonds.

LAUNCH DATE
Wednesday, March 01, 2006

ASISA CLASSIFICATION (WHERE RELEVANT)
South African – Multi Asset Income

INCOME DISTRIBUTION / PAYMENT
Bi-annual (30 June, 30 December)

INVESTMENT MINIMUM
Lump sum: R5 000
Monthly: R500
Ad hoc: R500

REGULATION 28
Yes

CURRENCY AVAILABILITY
South African rand

PORTFOLIO MANAGER
Alastair Sellick

STATUS
Open

LIQUIDITY
Daily

INITIAL FEE
0.00%

MAXIMUM ADVISER INITIAL FEE
3.00% (excluding VAT)

ANNUAL MANAGEMENT FEE
0.80% (excluding VAT)

MAXIMUM ADVISER ONGOING FEE
1.00% (excluding VAT)

PERFORMANCE FEE
0.00%

TOTAL EXPENSE RATIO (TER)
See Fund Fact Sheet

Total Expense Ratio (TER) is a measure of the costs incurred within the fund. It is not an additional fee.

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