The Palmyra BCI Stable Fund multi-asset investment solution for the low-to-moderate risk Investor. 

The fund aims to provide investors with real returns (inflation plus 3%) over rolling three-year periods, while minimising the risk of capital loss over a one-year period.

The fund invests in equities, fixed interest instruments, listed property and cash.

Who the fund may be suitable for

Investors seeking a low-to-moderate risk multi-asset fund.

Investors who wish to protect their investment from inflation erosion.

Those seeking capital preservation.

Investors who have a three year or longer investment horizon.

Fund information

INVESTOR NEED
Income and growth

BENCHMARK
CPI+3% net of fees over rolling three-years.

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, 45% in offshore assets. 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

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

STATUS
Open

LIQUIDITY
Daily

Palmyra Initial Fee
NIL

Palmyra Annual Management Fee
1.00% (excluding VAT)

Palmyra 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