Following on from the ASISA classification system which was revised in 2013 the most used and acceptable naming conventions for funds in the South African Multi Asset categories are either “Balanced” or Managed”. The name “Managed Flexible” caused some confusion as the fund was mistaken for being in the Multi–Asset Flexible grouping. We have therefore decided that by re-naming the Managed Flexible Fund the Balanced Fund, it makes it easier to understand the investment objective of seeking capital and income appreciation over the medium to long term by investing in securities across a broad spectrum with a risk profile that shows a balanced intent. The fund is Reg. 28 compliant and suitable for pension fund utilisation.

The current mandate and performance history remains intact.

WHO THE FUND MAY BE SUITABLE FOR

  • Investors who wish to save for their retirement.
  • Those who wish to delegate the complex asset allocation decisions to an experienced investment team.
  • Those who have a moderate risk profile and are comfortable with taking market fluctuation to achieve long term capital growth.
  • Investors who have a 3 year or longer investment horizon.

INVESTOR NEED 
Income & Growth

BENCHMARK 
Domestic – Asset Allocation – Predential Variable Equity Average

INVESTMENT VEHICLE
Unit Trust

MAXIMUM EXPOSURE TO GROWTH ASSETS (EQUITY EXPOSURE) 
75% equities 25% property

RISK RATING 
Medium

TIME HORIZON 
Medium to long term

ASSET CLASS(ES) 
South African equities, bonds and money market instruments

LAUNCH DATE 
Wednesday, March 01, 2006

ASISA CLASSIFICATION (WHERE RELEVANT) 
South African – Multi Asset High Equity

INCOME DISTRIBUTION / PAYMENT 
Bi-annual (30 June, 31 December)

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

REGULATION 28 
Compliant

CURRENCY AVAILABILITY 
South African rand

PORTFOLIO MANAGERS 
Matt Brenzel & Brian Munro

STATUS 
Open

LIQUIDITY 
Daily

INITIAL FEE 
0.00%

MAXIMUM ADVISER INITIAL FEE
3.42% (including VAT)

ANNUAL MANAGEMENT FEE 
1.43% (including VAT)

MAXIMUM ADVISER ONGOING FEE 
1.14% (including VAT)

PERFORMANCE FEE 
0.00%

TOTAL EXPENSE RATIO (TER)
1.76% (inclusive VAT)

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

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