The primary investment objective of the Truffle General Equity Fund is capital appreciation through investment primarily in equity and derivative instruments across all sectors of the JSE Securities Exchange South Africa.

The portfolio will invest a minimum of 75% of the market value of the portfolio in equities at all times.

The Portfolio’s primary objective is growth of capital and to provide an income source for investors. Investments to be acquired will consist of property shares, stock including property loan stock, debentures, debenture stock and debenture bonds, unsecured notes, property unit trusts and other securities listed on exchanges which is considered consistent with the portfolio’s primary objective.

The Portfolio may increase liquidity to 50% (percent) if it is deemed necessary by the Manager. The Portfolio’s exposure to fixed interest securities shall be limited to 30% (thirty percent). The Portfolio may also invest in the participatory interests of collective investment schemes.

The portfolio aims to achieve capital growth and income generation by investing in long term fixed interest securities. Securities will normally consist of a spread of gilts, semi-gilts, loan stock, debentures, debenture bonds, approved securities, notes and liquid assets and any other securities which are consistent with the portfolio’s investment policy.

The SIM Active Income Fund is an actively managed, multi asset income fund which aims to provide a high level of income whilst maximising returns and diversification across bond and market instruments with equities being limited to 10%.

Despite the fact that this fund may also invest 25% offshore, this is currently not being implemented and no offshore funds are being held at this stage. The fund is Reg. 28 compliant.

The unit trust portfolio is suitable for investors requiring an ongoing high level of income from their investment capital, or who require specific exposure to the South African bond market as part of their overall investment strategy.

The portfolio typically displays higher volatility than a money market portfolio, but significantly lower volatility than a general equity or balanced unit trust portfolio.

The fund is a specialist income portfolio, aiming to provide a high income yield while carefully monitoring capital stability. It aims to actively manage exposures to the entire South African yield curve without being constrained by any fixed-interest benchmark weighting.

To achieve this objective, the portfolio will comprise a combination of assets in liquid form and securities of an interest bearing nature, including loan stock, debentures, debenture stock, debenture bonds, unsecured notes, preference shares, financial instruments and any other non-equity securities which are considered consistent with the portfolio’s primary objective.

The fund’s objective is to outperform the BEASSA All Bond Index as well as the Average of the Fixed Interest Bond Funds.

This selected objective aims to provide a regular source of income with the potential for capital appreciation. The performance of the fund relative to this index is a function of the average duration of the fund as well as the specific securities selected.

The Kagiso Islamic Equity Fund is generally fully invested in a diversified portfolio of domestic and international equity securities, subject to the statutory investment limitations.

This fund is suitable for Muslim investors seeking a Sharia compliant portfolio of South African equities, who are in their wealth accumulation phase. Investors would be able to withstand short-term market fluctuations in pursuit of maximum capital growth over the long term.

The Kagiso Islamic Balanced Fund invests in a wide variety of domestic and international asset classes such as equity securities, sukuks and listed property, within the constraints of the statutory investment restrictions for retirement funds.

This fund is suitable for Muslim investors requiring a Sharia compliant portfolio appropriate for retirement schemes. Investors would also be seeking to build and grow their long-term retirement capital, while preserving the purchasing power thereof over the long term and limiting exposure to short-term market fluctuations.

The Investec Worldwide Equity Feeder Fund’s primary objective is to grow capital over the long-term. The fund aims to outperform the MSCI World index, measured over three year periods.

This rand-denominated fund invests in shares listed worldwide. Exposure to international equities is obtained by investing directly into our top performing Investec GSF Global Equity Fund. The majority of the fund’s investments are in developed markets, such as the United States, Europe, UK and Asia.

The focus is on individual stock picking. The investment team uses Investec’s proprietary 4Factor process to assist in the screening and selection of companies. The emphasis is on valuation, strategy, earnings dynamics and technical analysis.

The objective of the Foord International Feeder Fund is to maximise return with minimum risk from a portfolio of international assets, including equities, fixed interest investments, commodities and cash. This is achieved through direct investment into the Foord International Fund, which aims to produce an annualised return over time in excess of 10% in US$, thereby expecting to outperform world equity indices, but with significantly lower variability of returns.

The fund is suitable for investors requiring diversification through offshore investment – with exposures to currencies, markets and securities not available in South Africa; seeking a hedge against ZAR currency depreciation.

The fund invests in listed securities included in the Real Estate sector of the JSE.

Atlantic’s BCI Stable Income Fund is an actively managed cash fund which is designed to deliver returns that are higher than that of a traditional money market unit trust fund.

This fund differs from a money market fund due to the fact that the Investment Manager is able to invest in income generating instruments that have a slightly longer duration than that of a traditional money market fund. The Fund complies with regulations governing retirement funds.

Atlantic’s Real Income BCI Fund is an actively managed fixed income fund which aims to deliver inflation-beating returns over time. It invests primarily in inflation linked bonds as well as other high yielding fixed income securities.

The fund manager may also invest in listed property and a basket of selected equity securities to ensure the targeted return is achieved. The Fund aims to protect investors capital and at the same time generate an inflation beating income stream and complies with regulations governing retirement funds.

The Atlantic Enhanced Income BCI Fund is an actively managed income-producing fund, which seeks to provide income levels in excess of that provided by money market funds, while at the same time providing moderate capital growth by careful risk-constrained investment into securities offering good trading opportunities.

By actively allocating and diversifying between various interest-bearing asset classes and listed property, total returns are also maximized. The fund will comply with regulations governing retirement funds.

A low risk fund that provide investors with access to a wide range of asset classes and aims to deliver capital growth over the short- to medium-term.

The Fund follows a multi-asset allocation strategy, investing in both local and offshore assets. It provides exposure to each asset class using indices/passive investing – the allocation between asset classes is based on the tactical asset allocation parameters as set out below. The asset class combination for the RMB Cautious Fusion Fund is considered to be appropriate for investors with a low appetite for risk.

A medium risk fund that provides investors with access to a wide range of asset classes and aims to deliver capital growth over the medium-term.

The Fund follows a multi-asset allocation strategy, investing in both local and offshore assets. It provides exposure to each asset class using indices/passive investing – the allocation between asset classes is based on the tactical asset allocation parameters as set out below.

The asset class combination for the RMB Moderate Fusion Fund is considered to be appropriate for investors with a medium appetite for risk.

A high risk fund that provides investors with access to a wide range of asset classes and aims to deliver capital growth over the medium- to long-term.

 The Fund follows a multi-asset allocation strategy, investing in both local and offshore assets. It provides exposure to each asset class using indices/passive investing – the allocation between asset classes is based on the tactical asset allocation parameters as set out below. The asset class combination for the RMB Growth Fusion Fund is considered to be appropriate for investors with a high appetite for risk.

The primary objective of the Ashburton Targeted Return Fund is to outperform CPI + 3.5% over a rolling 3 year period. The secondary objective is to offer stable positive returns over a 12 month rolling period.

The fund may comprise a combination of assets in liquid form, money market instruments, corporate debt, equities, property shares, convertible equities, preference shares, bonds, non-equity securities, offshore assets and any other securities. The fund can have a maximum equity exposure (including global equities) of 40% and is limited to a maximum offshore exposure of 25%.

The fund aims to meet its objectives through a conservatively managed diversified portfolio, generating capital and income growth by focusing on active risk management and asset allocation. The fund complies with Regulation 28 of the Pension Funds Act, 1956.

The fund is a specialist portfolio focusing on high interest bearing investments. It aims to provide relative capital stability and optimal income returns from interest earning securities.

In order to achieve these objectives, the fund comprises a combination of bonds, fixed deposits and other interest earning securities which have a fixed maturity date and either have a predetermined cash flow profile or are linked to benchmark yields. The fund will not invest in equity securities, real estate securities or cumulative preference shares.

The fund’s duration will be limited to a maximum of two years. The fund aims to enhance returns through a combination of diversified fixed income strategies which include duration, curve, credit, inflation linked and also relative value opportunities

The Ashburton SA Equity Fund aims to achieve capital growth and deliver returns ahead of the FTSE/JSE All Share Index (Total Return) over the long term.

In order to achieve its investment objective, the fund will comprise of financially sound ordinary shares. The fund will typically be fully invested in equities. The manager is, however, permitted to invest in fixed income securities and offshore investments as allowed by legislation.

The fund’s main focus will be to invest in South African listed equity securities.

The fund offers investors long-term capital growth through a balanced mandate of global asset allocation, with access to emerging market growth opportunities.

To achieve this, the fund invests across a broad range of asset classes including international equities, bonds, cash and property markets. Investments are made both directly into these markets, and indirectly through participatory interests in other collective investment schemes.

The primary objective of the Ashburton Balanced Fund is to generate long-term, inflation-beating returns over a three year period. The fund aims to meet its objectives through investing across a wide range of domestic and international asset classes which include equity, bond, property and money market.

The fund can have a maximum equity exposure of 75% and is limited to a maximum offshore exposure of 25%. The portfolio will be actively managed with exposure to various asset classes being varied to reflect changing economic and market circumstances, in order to maximise returns for investors.

The fund seeks to maximise interest income, preserve capital and provide immediate liquidity for investors. It will invest in a diversified portfolio of money market instruments.

The maximum term of instruments included will be limited to 13 months and the weighted average duration will not exceed 3 months.