The fund aims to deliver high levels of income in excess of returns available through fixed term deposits and call accounts offered banks, while providing investors with capital protection and the stability of monthly returns and liquidity.

WHO THE FUND MAY BE SUITABLE FOR

  • Investors seeking a low risk fund to diversify their portfolio.
  • Those wishing to “park” their savings for a short period of time as an alternative to a bank deposit.
  • Those seeking capital protection but not capital growth.
  • Investors who have a one month or longer investment time horizon. Ideally the fund is not suited for lengthy investment terms as it has no exposure to growth assets.

INVESTOR NEED
Income

BENCHMARK
Alexander Forbes Short Term Fixed Interest Index (SteFI)

INVESTMENT VEHICLE
Unit Trust

MAXIMUM EXPOSURE TO GROWTH ASSETS (EQUITY EXPOSURE)
0%

RISK RATING
Low

TIME HORIZON
Short to medium term

ASSET CLASS(ES)
Money market instruments

LAUNCH DATE
Wednesday, March 01, 2006

ASISA CLASSIFICATION (WHERE RELEVANT)
South African – Interest Bearing – Money Market

INCOME DISTRIBUTION / PAYMENT
Monthly

INVESTMENT MINIMUM
Lump sum: R20 000
Monthly: R1 000
Ad hoc: R500

REGULATION 28
Non compliant

CURRENCY AVAILABILITY
South African rand

PORTFOLIO MANAGER
Michele van der Berg

STATUS
Open

LIQUIDITY
Daily

INITIAL FEE
0.00%

MAXIMUM ADVISER INITIAL FEE
0.57% (including VAT)

ANNUAL MANAGEMENT FEE
0.29% (including VAT)

MAXIMUM ADVISER ONGOING FEE
0.00%

PERFORMANCE FEE
0.00%

TOTAL EXPENSE RATIO (TER)
0.30% (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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