• Growth Aware Range
  • Risk Aware Range
  • Specialist Funds
  • Life Funds
  • Targeted Return Strategies

Fund

Report

Fund Description and Objective

Long-Term Target

Benchmark

Aggressive Fund

PDF

This Fund is aimed at investors who seek to maximise long-term growth and are not concerned about short-term fluctuations in capital values. Investors should thus be aware of the possibility of capital losses resulting from the Fund's significant exposure to equities. This Fund is suitable for retirement funds and complies with Regulation 28 of the Pension Funds Act.

The Fund seeks to out-perform its composite benchmark.

Basket of market indices, weighted by the Fund's strategic asset allocation.

Managed Fund

PDF

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.

The Fund seeks to out-perform the median of the Alexander Forbes Large Manager Watch (Global) peers over the long term.

The Fund is measured against the median of Alexander Forbes Large Manager Watch (Global).

Fund

Report

Fund Description and Objective

Long-Term Target

Absolute Balanced Fund

 

PDF

This is an asset allocation Fund aimed at 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. This Fund is suitable for retirement funds and complies with Regulation 28 of the Pension Funds Act.

Investment objectives are not guaranteed.

Inflation +6% p.a. over the long term with no negative returns over rolling 18 months (before fees).

The Fund's performance target changed from CPI +7% to CPI +6% on 1 September 2013.

Absolute Defensive Fund

 

PDF

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.

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.

Absolute Cautious Fund

 

PDF

This Fund is an asset allocation fund aimed at shorter-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 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.

Inflation +3% p.a. over the long term with no negative returns over rolling 6 months (before fees).

Fund

Report

Fund Description and Objective

Long-Term Target

Benchmark

Money Market Fund

PDF

This Fund is aimed at investors who seek to minimise the risk of capital loss over the short-term.

The Fund aims to target 50 basis points above inflation over the medium to long term (before fees).

STeFI 3-month Index.

Long Short Equity Hedge

PDF

The Long Short Equity Hedge is for investors who require equity market participation with limited downside returns.

To consistently outperform STeFI+7% over rolling 36 months. Capital protection in down markets is a key objective of the strategy.

The Long Short Equity Hedge seeks to out-perform its benchmark and achieve a long-term expected return of CPI +2% p.a. before asset management fees.

We continue to expand the boundaries of innovation with regard to life-stage investing with our life-staging solution, ForLife. ForLife offers a single investment-for-life that changes as the investment requirements of the member change over his/her lifetime. It offers an investment in which the volatility of investment returns reduce as the member approaches retirement.

But life-staging is not about migrating to cash. It is rather about managing risk. The risk a member faces at retirement will be affected by, amongst others, his post-retirement needs. For example, a member that requires cash at retirement will want to avoid capital loss as his retirement date approaches. A member that requires a guaranteed annuity will want to avoid interest rate risk as his retirement gets nearer.

ForLife caters for investors looking to allocate their retirement savings to:

  • Cash: a tax free amount that can be used, for example, to settle a mortgage at retirement.
  • A guaranteed annuity: which is used to convert capital into an income for life purchased from a life insurance company.
  • A with-profit annuity: which is used to convert capital into an income for life with non-guaranteed increases, that is purchased from a life insurance company.
  • A living annuity: where a market-linked investment portfolio is used to provide for ones post-retirement income needs.

Specially designed migration paths (Horizon funds) ensure that as members approach retirement, the risks associated with their post retirement needs are carefully managed.

Download the latest ForLife factsheet.

Fund

Report

Fund Description and Objective

Long-Term Target

Inflation Plus
1-3% Strategy

PDF

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.

It aims to achieve a return in the range of 1%-3% above inflation over rolling three-year periods.

Inflation Plus
3-5% Strategy

PDF

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.

It aims to achieve a return in the range of 3%-5% above inflation over rolling five-year periods.

Inflation Plus
5-7% Strategy

PDF

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.

It aims to achieve a return in the range of 5%-7% above inflation over rolling seven-year periods.