Income drawing investors who want to invest their post-retirement or discretionary savings in an all-in-one solution that aims to earn 7% income per year. Subject to this level of income return being achieved, investors will also want their capital to grow over time. Given the very high level of targeted income return, it is most likely that the real value of capital after targeted income drawdowns will be eroded over the long term.
Unclassified given its unique investment objective
Michael Moyle, David Knee and Johny Lambridis
2 April 2019
Investor Class (A): R10 000
Investor Class (A): n/a
| DATE | UNIT | PRICE |
No initial fees charged
Investor Class (A): 0.85%
Additional underlying foreign fund fees are dependent on the fund and are included in the TER
The primary objective of the Fund is to target an annual income return of 7%, with a secondary objective of growing capital invested. While this level of annual income return is targeted, the actual annual income return may vary.
The fund invests in a very flexible mix of local and offshore equity, bonds, property and cash. The fund can also invest in financial instruments and other collective investment schemes. The fund is not managed to conform to the regulations governing retirement fund investments (Regulation 28). Other than a maximum total equity exposure of 70%, the fund is not limited in its deed in terms of allocation to asset classes, currencies or geographies.
