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
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
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
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