As the fund aims to maximise returns, it will have a strong bias towards equities – typically the asset class with the highest expected long-term returns. The fund’s exposure to asset classes will be managed in accordance with the outcomes of our in-house research process to position it for changing market conditions and in order to maximise long-term returns without assuming excess risk of loss.
Who should invest?
This fund is suitable for risk-averse investors who require a high degree of capital stability while requiring a reasonable income and some capital growth. A typical investor would be in or near retirement and would be seeking to preserve capital over any one-year period.
Performance to 30 November 2018
*From 1 January 2018, Total return of CPI + 2% pa; previously the return on deposits for amounts in excess of R5 million plus 2% (on an after-tax basis at an assumed 25% tax rate). Performance is based on a lump sum investment using Class A Net Asset Value (NAV) prices with income distributions reinvested. Performance figures are quoted after the deduction of all costs incurred within the fund. Source: Morningstar
Minimum investment and fees (excl. VAT)
Lump sum: R5 000 and/or monthly debit order of R500
Initial fee: 0.00%
Financial adviser fee (maximum): 3.00%
Ongoing advice fee (maximum): 1.00% per annum
Management fee: 1.25% per annum