This solution is ideal for income drawing investors who want to invest their post-retirement or discretionary savings in an all-in-one solution that aims to earn 5% income per year. Subject to this level of income return being achieved, investors will also want their capital to grow over time. Given the relatively high level of targeted income return, there’s an appreciable possibility that the real value of capital after targeted income drawdowns will not be maintained over the long term.
The primary objective of the Fund is to target an annual income return of 5%, with a secondary objective of growing capital invested. While this level of annual income return is targeted, the actual annual income return may vary.
All returns quoted are A-Class after fees and charges
Investor Class (A): R10 000
Unclassified given its unique investment objective
2 April 2019
No initial fees charged
Investor Class (A): 1.00%
Additional underlying foreign fund fees are dependent on the fund and are included in the TER
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 85%, the fund is not limited in its deed in terms of allocation to asset classes, currencies or geographies.
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