Compare Investments

Please click on the name of each Fund to compare.

Facts:


INVESTOR NEED
Income

BENCHMARK
Alexander Forbes Short Term Fixed Interest Index (SteFI)

INVESTMENT VEHICLE
Unit trust

WHAT DOES THE FUND INVEST IN?
The fund invests in a range of South African money market instruments. These assets include bankers' acceptances, debentures, negotiable certificates of deposit, treasury bills and call accounts. The fund may only invest in money market instruments with a residual maturity not exceeding 13 months, its weighted average duration not exceeding 90 days and its weighted average legal maturity (life) not exceeding 120 days. The Fund's returns are further enhanced by the inclusion of selected, highly rated, corporate paper.

RISK RATING
Low

TIME HORIZON
Short to medium term

ASSET CLASS(ES)
Money market instruments

General:


LAUNCH DATE
1 March 2006

ASISA CLASSIFICATION (WHERE RELEVANT)
ASISA SA Interest Bearing – Money Market

INCOME DISTRIBUTION / PAYMENT
Monthly

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

REGULATION 28
Not applicable

CURRENCY AVAILABILITY
South African rand

PORTFOLIO MANAGERS
Alastair Sellick
Sidney McKinnon

STATUS
Open

LIQUIDITY
Daily

Fees:


Cadiz Initial Fee
NIL

Cadiz Annual Management Fee
0.25% (excluding VAT)

Cadiz Performance Fee
NIL

Adviser Maximum Initial Fee
0.50% (excluding VAT)

Adviser Maximum Ongoing Fee
NIL

Total Expense Ratio (TER)
See Fund Fact Sheet

Facts:


INVESTOR NEED
Income and growth

BENCHMARK
Alexander Forbes Short Term Fixed Interest Index (STeFi)+2%

INVESTMENT VEHICLE
Unit trust

WHAT DOES THE FUND INVEST IN:
The fund can invest in a combination of assets, such as government and corporate bonds, inflation linked bonds, listed property and cash both in South Africa and offshore. Derivative strategies such as swaps and futures may also be used for efficient portfolio management purposes and to mitigate downside risk. The fund does not invest in ordinary shares. The intended maximum limits, (see underlying instruments mentioned below), may not exceed 25% of the value of fund:
• Listed property: up to 10%
• International assets: up to 10%
• Preference shares: up to 10%
• Hybrid instruments: up to 5%
The fund has a flexible mandate with no duration or maturity limits for its investments.

RISK RATING
Low

TIME HORIZON
18-months or longer

ASSET CLASS(ES)
Property shares, preference shares, money market instruments, cash and bonds.

General:


LAUNCH DATE
1 March 2006

ASISA CLASSIFICATION (WHERE RELEVANT)
ASISA SA Multi Asset Income

INCOME DISTRIBUTION / PAYMENT
Bi-annual (30 June, 30 December)

INVESTMENT MINIMUM
Lump sum: R5 000
Monthly: R500
Ad hoc: R500

REGULATION 28
Yes

CURRENCY AVAILABILITY
South African rand

PORTFOLIO MANAGERS
Alastair Sellick
Sidney McKinnon

STATUS
Open

LIQUIDITY
Daily

Fees:


Cadiz Initial Fee
NIL

Cadiz Annual Management Fee
0.80% (excluding VAT)

Cadiz Performance Fee
NIL

Adviser Maximum Initial Fee
3.00% (excluding VAT)

Adviser Maximum Ongoing Fee
1.00% (excluding VAT)

Total Expense Ratio (TER)
See Fund Fact Sheet

Facts:


INVESTOR NEED
Income and growth

BENCHMARK
CPI+3% net of fees over rolling three-years. No negative returns over rolling twelve months.

INVESTMENT VEHICLE
Unit trust

WHAT DOES THE FUND INVEST IN?
The fund invests in equities, fixed interest instruments, listed property and cash. The intended maximum limits are: up to 40% in equities, 25% in listed property, 30% in offshore assets plus an additional 10% in Africa (excl. South Africa). Derivative strategies may also be used to mitigate the risk of capital loss.

RISK RATING
Low to moderate

TIME HORIZON
Three-years or longer

ASSET CLASS(ES)
Equities, fixed interest instruments, listed property and cash

General:


LAUNCH DATE
3 September 2012

ASISA CLASSIFICATION (WHERE RELEVANT)
ASISA SA Multi Asset Low Equity

INCOME DISTRIBUTION / PAYMENT
Bi-annual (30 June, 31 December)

INVESTMENT MINIMUM
Lump sum: R5 000
Monthly: R500
Ad hoc: R500

REGULATION 28
Yes

CURRENCY AVAILABILITY
South African rand

PORTFOLIO MANAGERS
Brian Munro
Razeen Dinath

STATUS
Open

LIQUIDITY
Daily

Fees:


Cadiz Initial Fee
NIL

Cadiz Annual Management Fee
1.00% (excluding VAT)

Cadiz Performance Fee
NIL

Adviser Maximum Initial Fee
3.00% (excluding VAT)

Adviser Maximum Ongoing Fee
1.00% (excluding VAT)

Total Expense Ratio (TER)
See Fund Fact Sheet

Facts:


INVESTOR NEED
Income and growth

BENCHMARK
The fund aims to outperform the median return of the funds in the South African - Multi Asset - High Equity category (excluding the Cadiz fund).

INVESTMENT VEHICLE
Unit trust

WHAT DOES THE FUND INVEST IN?
The fund invests in equities, fixed interest instruments, listed property and cash. The intended maximum limits are: up to 75% in equities, 25% in listed property, 30% in offshore assets plus an additional 10% in Africa (excl. South Africa). Derivative strategies may also be used to mitigate the risk of capital loss.
The fund is managed to comply with regulations governing retirement investments (Regulation 28) and is suitable for use in pension and provident funds.

RISK RATING
Moderate

TIME HORIZON
Three-years or longer

ASSET CLASS(ES)
Equities, fixed interest instruments, listed property and cash

General:


LAUNCH DATE
1 March 2006

ASISA CLASSIFICATION (WHERE RELEVANT)
ASISA SA Multi Asset High Equity

INCOME DISTRIBUTION / PAYMENT
Bi-annual (30 June, 31 December)

INVESTMENT MINIMUM
Lump sum: R5 000
Monthly: R500
Ad hoc: R500

REGULATION 28
Yes

CURRENCY AVAILABILITY
South African rand

PORTFOLIO MANAGER
Brian Munro
Razeen Dinath

STATUS
Open

LIQUIDITY
Daily

Fees:


Cadiz Initial Fee
NIL

Cadiz Annual Management Fee
1.25% (excluding VAT)

Cadiz Performance Fee
NIL

Adviser Maximum Initial Fee
3.00% (excluding VAT)

Adviser Maximum Ongoing Fee
1.00% (excluding VAT)

Total Expense Ratio (TER)
See Fund Fact Sheet

Facts:


INVESTOR NEED
Long-term growth

BENCHMARK
CPI+6%

INVESTMENT VEHICLE
Unit trust

WHAT DOES THE FUND INVEST IN?
The fund can invest in local and global investments across equities, fixed interest instruments, listed property, derivatives and cash. Investments are selected at an individual security level where the Manager considers the risk of permanent capital loss to be low, with attractive risk-adjusted return potential. Equities will generally make up the bulk of the funds’ investments in order to provide high (> 6% pa) long term real returns, but the Manager has maximum flexibility in terms of asset allocation and is not precluded from varying the asset allocation to reflect the Managers view of the attractiveness of different asset classes.

RISK RATING
Moderate to high

TIME HORIZON
Five-years or longer

ASSET CLASS(ES)
All asset classes with a maximum of 80% offshore.

General:


LAUNCH DATE
3 June 2005

ASISA CLASSIFICATION (WHERE RELEVANT)
ASISA Worldwide Multi Asset Flexible

INCOME DISTRIBUTION / PAYMENT
Bi-annual (30 June, 31 December)

INVESTMENT MINIMUM
Lump sum: R5 000
Monthly: R500
Ad hoc: R500

REGULATION 28
Not applicable

CURRENCY AVAILABILITY
South African rand

PORTFOLIO MANAGERS
Razeen Dinath
Brian Munro

STATUS
Open

LIQUIDITY
Daily

Fees:


Cadiz Initial Fee
NIL

Cadiz Annual Management Fee
1.25% (excluding VAT)

Cadiz Performance Fee
NIL

Adviser Maximum Initial Fee
3.00% (excluding VAT)

Adviser Maximum Ongoing Fee
1.00% (excluding VAT)

Total Expense Ratio (TER)
See Fund Fact Sheet

Facts:


INVESTOR NEED
Long-term growth

BENCHMARK
Capped SWIX

INVESTMENT VEHICLE
Unit trust

WHAT DOES THE FUND INVEST IN?
The fund invests in equities that trade below their intrinsic market value. The fund can hold up to 30% in foreign assets and 10% in Africa (excl. SA), with the highest balance in domestic equities listed in South Africa.
The fund sits at the top end of the risk/return spectrum and can also invest in property related securities.
The portfolio’s minimum exposure to equities will be 80% of its net asset value at all times.

RISK RATING
High

TIME HORIZON
Five-years or longer

ASSET CLASS(ES)
Equities and cash

General:


LAUNCH DATE
1 March 2006

ASISA CLASSIFICATION (WHERE RELEVANT)
ASISA SA Equity General

INCOME DISTRIBUTION / PAYMENT
Bi-annual (30 June, 31 December)

INVESTMENT MINIMUM
Lump sum: R5 000
Monthly: R500
Ad hoc: R500

REGULATION 28
Not Applicable

CURRENCY AVAILABILITY
South African rand

PORTFOLIO MANAGERS
Razeen Dinath
Brian Munro

STATUS
Open

LIQUIDITY
Daily

Fees:


Cadiz Initial Fee
NIL

Cadiz Annual Management Fee
1.25% (excluding VAT)

Cadiz Performance Fee
NIL

Adviser Maximum Initial Fee
3.00% (excluding VAT)

Adviser Maximum Ongoing Fee
1.00% (excluding VAT)

Total Expense Ratio (TER)
See Fund Fact Sheet

Facts:


INVESTOR NEED
Income

BENCHMARK
Alexander Forbes Short Term Fixed Interest Index (SteFI)

INVESTMENT VEHICLE
Unit trust

WHAT DOES THE FUND INVEST IN?
The fund invests in a range of South African money market instruments. These assets include bankers' acceptances, debentures, negotiable certificates of deposit, treasury bills and call accounts. The fund may only invest in money market instruments with a residual maturity not exceeding 13 months, its weighted average duration not exceeding 90 days and its weighted average legal maturity (life) not exceeding 120 days. The Fund's returns are further enhanced by the inclusion of selected, highly rated, corporate paper.

RISK RATING
Low

TIME HORIZON
Short to medium term

ASSET CLASS(ES)
Money market instruments

General:


LAUNCH DATE
1 March 2006

ASISA CLASSIFICATION (WHERE RELEVANT)
ASISA SA Interest Bearing – Money Market

INCOME DISTRIBUTION / PAYMENT
Monthly

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

REGULATION 28
Not applicable

CURRENCY AVAILABILITY
South African rand

PORTFOLIO MANAGERS
Alastair Sellick
Sidney McKinnon

STATUS
Open

LIQUIDITY
Daily

Fees:


Cadiz Initial Fee
NIL

Cadiz Annual Management Fee
0.25% (excluding VAT)

Cadiz Performance Fee
NIL

Adviser Maximum Initial Fee
0.50% (excluding VAT)

Adviser Maximum Ongoing Fee
NIL

Total Expense Ratio (TER)
See Fund Fact Sheet

Facts:


INVESTOR NEED
Income and growth

BENCHMARK
Alexander Forbes Short Term Fixed Interest Index (STeFi)+2%

INVESTMENT VEHICLE
Unit trust

WHAT DOES THE FUND INVEST IN:
The fund can invest in a combination of assets, such as government and corporate bonds, inflation linked bonds, listed property and cash both in South Africa and offshore. Derivative strategies such as swaps and futures may also be used for efficient portfolio management purposes and to mitigate downside risk. The fund does not invest in ordinary shares. The intended maximum limits, (see underlying instruments mentioned below), may not exceed 25% of the value of fund:
• Listed property: up to 10%
• International assets: up to 10%
• Preference shares: up to 10%
• Hybrid instruments: up to 5%
The fund has a flexible mandate with no duration or maturity limits for its investments.

RISK RATING
Low

TIME HORIZON
18-months or longer

ASSET CLASS(ES)
Property shares, preference shares, money market instruments, cash and bonds.

General:


LAUNCH DATE
1 March 2006

ASISA CLASSIFICATION (WHERE RELEVANT)
ASISA SA Multi Asset Income

INCOME DISTRIBUTION / PAYMENT
Bi-annual (30 June, 30 December)

INVESTMENT MINIMUM
Lump sum: R5 000
Monthly: R500
Ad hoc: R500

REGULATION 28
Yes

CURRENCY AVAILABILITY
South African rand

PORTFOLIO MANAGERS
Alastair Sellick
Sidney McKinnon

STATUS
Open

LIQUIDITY
Daily

Fees:


Cadiz Initial Fee
NIL

Cadiz Annual Management Fee
0.80% (excluding VAT)

Cadiz Performance Fee
NIL

Adviser Maximum Initial Fee
3.00% (excluding VAT)

Adviser Maximum Ongoing Fee
1.00% (excluding VAT)

Total Expense Ratio (TER)
See Fund Fact Sheet

Facts:


INVESTOR NEED
Income and growth

BENCHMARK
CPI+3% net of fees over rolling three-years. No negative returns over rolling twelve months.

INVESTMENT VEHICLE
Unit trust

WHAT DOES THE FUND INVEST IN?
The fund invests in equities, fixed interest instruments, listed property and cash. The intended maximum limits are: up to 40% in equities, 25% in listed property, 30% in offshore assets plus an additional 10% in Africa (excl. South Africa). Derivative strategies may also be used to mitigate the risk of capital loss.

RISK RATING
Low to moderate

TIME HORIZON
Three-years or longer

ASSET CLASS(ES)
Equities, fixed interest instruments, listed property and cash

General:


LAUNCH DATE
3 September 2012

ASISA CLASSIFICATION (WHERE RELEVANT)
ASISA SA Multi Asset Low Equity

INCOME DISTRIBUTION / PAYMENT
Bi-annual (30 June, 31 December)

INVESTMENT MINIMUM
Lump sum: R5 000
Monthly: R500
Ad hoc: R500

REGULATION 28
Yes

CURRENCY AVAILABILITY
South African rand

PORTFOLIO MANAGERS
Brian Munro
Razeen Dinath

STATUS
Open

LIQUIDITY
Daily

Fees:


Cadiz Initial Fee
NIL

Cadiz Annual Management Fee
1.00% (excluding VAT)

Cadiz Performance Fee
NIL

Adviser Maximum Initial Fee
3.00% (excluding VAT)

Adviser Maximum Ongoing Fee
1.00% (excluding VAT)

Total Expense Ratio (TER)
See Fund Fact Sheet

Facts:


INVESTOR NEED
Income and growth

BENCHMARK
The fund aims to outperform the median return of the funds in the South African - Multi Asset - High Equity category (excluding the Cadiz fund).

INVESTMENT VEHICLE
Unit trust

WHAT DOES THE FUND INVEST IN?
The fund invests in equities, fixed interest instruments, listed property and cash. The intended maximum limits are: up to 75% in equities, 25% in listed property, 30% in offshore assets plus an additional 10% in Africa (excl. South Africa). Derivative strategies may also be used to mitigate the risk of capital loss.
The fund is managed to comply with regulations governing retirement investments (Regulation 28) and is suitable for use in pension and provident funds.

RISK RATING
Moderate

TIME HORIZON
Three-years or longer

ASSET CLASS(ES)
Equities, fixed interest instruments, listed property and cash

General:


LAUNCH DATE
1 March 2006

ASISA CLASSIFICATION (WHERE RELEVANT)
ASISA SA Multi Asset High Equity

INCOME DISTRIBUTION / PAYMENT
Bi-annual (30 June, 31 December)

INVESTMENT MINIMUM
Lump sum: R5 000
Monthly: R500
Ad hoc: R500

REGULATION 28
Yes

CURRENCY AVAILABILITY
South African rand

PORTFOLIO MANAGER
Brian Munro
Razeen Dinath

STATUS
Open

LIQUIDITY
Daily

Fees:


Cadiz Initial Fee
NIL

Cadiz Annual Management Fee
1.25% (excluding VAT)

Cadiz Performance Fee
NIL

Adviser Maximum Initial Fee
3.00% (excluding VAT)

Adviser Maximum Ongoing Fee
1.00% (excluding VAT)

Total Expense Ratio (TER)
See Fund Fact Sheet

Facts:


INVESTOR NEED
Long-term growth

BENCHMARK
CPI+6%

INVESTMENT VEHICLE
Unit trust

WHAT DOES THE FUND INVEST IN?
The fund can invest in local and global investments across equities, fixed interest instruments, listed property, derivatives and cash. Investments are selected at an individual security level where the Manager considers the risk of permanent capital loss to be low, with attractive risk-adjusted return potential. Equities will generally make up the bulk of the funds’ investments in order to provide high (> 6% pa) long term real returns, but the Manager has maximum flexibility in terms of asset allocation and is not precluded from varying the asset allocation to reflect the Managers view of the attractiveness of different asset classes.

RISK RATING
Moderate to high

TIME HORIZON
Five-years or longer

ASSET CLASS(ES)
All asset classes with a maximum of 80% offshore.

General:


LAUNCH DATE
3 June 2005

ASISA CLASSIFICATION (WHERE RELEVANT)
ASISA Worldwide Multi Asset Flexible

INCOME DISTRIBUTION / PAYMENT
Bi-annual (30 June, 31 December)

INVESTMENT MINIMUM
Lump sum: R5 000
Monthly: R500
Ad hoc: R500

REGULATION 28
Not applicable

CURRENCY AVAILABILITY
South African rand

PORTFOLIO MANAGERS
Razeen Dinath
Brian Munro

STATUS
Open

LIQUIDITY
Daily

Fees:


Cadiz Initial Fee
NIL

Cadiz Annual Management Fee
1.25% (excluding VAT)

Cadiz Performance Fee
NIL

Adviser Maximum Initial Fee
3.00% (excluding VAT)

Adviser Maximum Ongoing Fee
1.00% (excluding VAT)

Total Expense Ratio (TER)
See Fund Fact Sheet

Facts:


INVESTOR NEED
Long-term growth

BENCHMARK
Capped SWIX

INVESTMENT VEHICLE
Unit trust

WHAT DOES THE FUND INVEST IN?
The fund invests in equities that trade below their intrinsic market value. The fund can hold up to 30% in foreign assets and 10% in Africa (excl. SA), with the highest balance in domestic equities listed in South Africa.
The fund sits at the top end of the risk/return spectrum and can also invest in property related securities.
The portfolio’s minimum exposure to equities will be 80% of its net asset value at all times.

RISK RATING
High

TIME HORIZON
Five-years or longer

ASSET CLASS(ES)
Equities and cash

General:


LAUNCH DATE
1 March 2006

ASISA CLASSIFICATION (WHERE RELEVANT)
ASISA SA Equity General

INCOME DISTRIBUTION / PAYMENT
Bi-annual (30 June, 31 December)

INVESTMENT MINIMUM
Lump sum: R5 000
Monthly: R500
Ad hoc: R500

REGULATION 28
Not Applicable

CURRENCY AVAILABILITY
South African rand

PORTFOLIO MANAGERS
Razeen Dinath
Brian Munro

STATUS
Open

LIQUIDITY
Daily

Fees:


Cadiz Initial Fee
NIL

Cadiz Annual Management Fee
1.25% (excluding VAT)

Cadiz Performance Fee
NIL

Adviser Maximum Initial Fee
3.00% (excluding VAT)

Adviser Maximum Ongoing Fee
1.00% (excluding VAT)

Total Expense Ratio (TER)
See Fund Fact Sheet