Strategy Funds
These are built in line with your inflation target objectives over a recommended investment period. We invest across a diverse range of local and global asset classes in order to manage investment risk and achieve the stated long-term target objectives.
Once we have blended the asset classes together to achieve the target objectives, we then select the best fund managers in the industry to implement our asset allocation decision. We monitor the asset class and asset manager performances over the short to medium term and make changes where necessary.
Max 28 Fund
Fund Description and Objective
This Investment Strategy gives you the opportunity to achieve maximum long-term growth. It invests in diversified portfolios of high-quality instruments. The strategy's primary exposure will be to South African and international listed shares. It aims to achieve a return in the range of 6%-7% above inflation over rolling ten-year periods. This policy based investment is specifically designed for institutional investors and is managed to comply with Regulation 28 of the Pension Funds Act of South Africa.
Long-Term Target
To achieve a total return in the range of 6%-7% above inflation over rolling ten-year periods.
Inflation Plus 1-3% Strategy
Fund Description and Objective
This investment strategy seeks to grow your capital and income at a steady pace. It invests in a range of portfolios diversified across various asset classes, asset managers and high-quality instruments, including South African and international cash, listed property and listed shares.
Long-Term Target
It aims to achieve a return in the range of 1%-3% above inflation over rolling three-year periods.
Inflation Plus 3-5% Strategy
Fund Description and Objective
This investment strategy seeks to grow your capital and income at a reasonable pace. It invests in a range of portfolios diversified across various asset classes, asset managers and high-quality instruments, including South African and international cash, fixed interest securities, listed property and listed shares.
Long-Term Target
It aims to achieve a return in the range of 3%-5% above inflation over rolling five-year periods.
Inflation Plus 5-7% Strategy
Fund Description and Objective
This investment strategy seeks to grow your capital and income at a moderate to high pace. It invests in a range of portfolios diversified across various asset classes, asset managers and high-quality instruments, including South African and international cash, fixed interest securities, listed property and listed shares.
Long-Term Target
It aims to achieve a return in the range of 5%-7% above inflation over rolling seven-year periods.
Risk Aware Fund
The key objective of our absolute return fund is to protect against downside losses over specified time periods while targeting upside returns above inflation as a secondary consideration
We allocate the capital to a diverse, but concentrated number of asset managers, who will manage the asset allocation internally.
Defensive Balanced Fund
Fund Description and Objective
This Fund is an asset allocation fund aimed at medium-term capital stability coupled with long-term capital growth. A flexible mandate is employed not for maximum performance but to allow the portfolio to be biased towards absolute returns and capital preservation. Over longer periods the Fund will attempt to produce significant inflation-beating returns. This Fund is suitable for retirement funds and complies with Regulation 28 of the Pension Funds Act.
Investment objectives are not guaranteed.
Long-Term Target
Inflation +4% p.a. over the long term with no negative returns over rolling 12 months (before fees).
The Fund's performance target changed from CPI +5% to CPI +4% on 1 September 2013.
Peer Fund
We allocate the capital to a diverse, but concentrated number of asset managers, who manage the asset allocation internally. The asset managers each target real capital growth over the long term.
Managed Fund
Fund Description and Objective
The Fund will seek to provide a truly diversified solution for investors looking for real growth of capital over the long term. The Fund invests across all permissible asset classes including domestic equities, bonds, cash, property and offshore assets. Due to its multi-managed nature the Fund is expected to provide similar returns to the average single-managed balanced fund over time, but with lower volatility. The Fund complies with Regulation 28 of the Pension Funds Act and is thus suitable for retirement fund investors
Long-Term Target
The Fund seeks to out-perform the median of the Alexander Forbes Large Manager Watch (Global) peers over the long term.
Benchmark
The Fund is measured against the median of Alexander Forbes Large Manager Watch (Global).
Specialist Fund
Money Market Fund
Fund Description and Objective
This Fund is aimed at investors who seek to minimise the risk of capital loss over the short-term.
Long-Term Target
The Fund aims to target 50 basis points above inflation over the medium to long term (before fees).
Benchmark
STeFI 3-month Index.
Tracker Funds
Conservative Tracker Fund
Fund Description and Objective
This investment strategy seeks to grow your capital and income at a steady pace. It invests in a range of indices diversified across various asset classes, and employs tactical asset allocation to position the strategy to achieve its return objective.
Long-Term Target
It aims to achieve a return of 1%-3% above inflation over rolling three-year periods.
Moderate Tracker Fund
Fund Description and Objective
This investment strategy seeks to grow your capital and income at a reasonable pace. It invests in a range of indices diversified across various asset classes, and employs tactical asset allocation to position the strategy to achieve its return objective.
Long Term Target
It aims to achieve a return of 3%-5% above inflation over rolling five-year periods.
Balanced Tracker Fund
Fund Description and Objective
This investment strategy seeks to grow your capital and income at a moderate-to-high pace. It invests in a range of indices diversified across various asset classes, and employs tactical asset allocation to position the strategy to achieve its return objective.
Long Term Target
It aims to achieve a return of 4%-6% above inflation over rolling seven-year periods.