Look up any South African unit trust fund and find out where and how it can invest. Or look up any category of funds to find out where and how they invest.
Begin by entering the name of the fund in which you are invested or in which you plan to invest. Alternatively, choose the unit trust fund sub-category you are interested in.
Fund Name
Or
Fund Category
Global Equity Africa
At least 80% of the fund/s will be invested outside of South Africa.
At least 80% of the fund/s will be invested in shares listed on equity markets in Africa but excluding those listed on the South African stock exchange.
The fund/s will invest across sectors and in small, mid or large cap shares.
There is no default benchmark for funds in this category.
Global Equity General
At least 80% of the fund/s will be invested outside of South Africa.
No more than 80% of the fund/s can be invested in a single geographical region.
At least 80% of the fund/s will be invested in shares.
The fund/s will invest across sectors and in small, mid or large cap shares.
The default benchmark for funds in this category is the Morgan Stanley Capital World Index (MSCI) All Countries (total return), but individual funds may have their own benchmarks.
The funds in this category include:
27four Global Equity Feeder Fund
27FOUR GLOBAL EQUITY PRESCIENT FEEDER FUND
36ONE BCI Global Equity Feeder Fund
ABAX Global Equity Prescient Feeder Fund
ABSA GLOBAL CORE EQUITY FEEDER FUND
ABSA GLOBAL VALUE FEEDER FUND
AF Investments Global Equity Feeder Fund
ALLAN GRAY ORBIS GLOBAL EQUITY FEEDER FUND
AnBro BCI Unicorn Global Growth Fund
Anchor BCI Global Equity Feeder Fund
Anchor BCI Global Technology Fund
Ashburton Global 1200 Equity Fund of Fund Exchange Traded Fund
Autus Prime Global Equity Feeder Fund
BCI Best Blend Global Equity Fund
BCI Credo Global Equity Feeder Fund
BCI Fundsmith Equity Feeder Fund
BCI Guernsey Global Growth Feeder Fund
BCI Lindsell Train Global Equity Feeder Fund
BCI Sands Capital Emerging Markets Feeder Fund
BCI Sands Capital Global Growth Feeder Fund
Benguela Global Equity 27four Fund
BlueAlpha BCI Global Equity Fund
CITADEL GLOBAL EQUITY H4 FUND OF FUNDS
Coreshares Global Dividend ETF
Coreshares MSCI ACWI Fund of Funds
CoreShares S&P 500 Index Feeder Exchange Traded Fund
CoreShares Total World Stock Feeder ETF
CORONATION GLOBAL EQUITY SELECT (ZAR) FEEDER FUND
CORONATION GLOBAL OPPORTUNITIES EQUITY FEEDER FUND
Counterpoint Sanlam Collective Investments Global Equity Feeder Fund
Counterpoint SCI Global Property Income Fund
Denker Sanlam Collective Investments Global Dividend Feeder Fund
Denker Sanlam Collective Investments Global Equity Feeder Fund
DISCOVERY GLOBAL EQUITY FEEDER FUND
DISCOVERY GLOBAL VALUE EQUITY FEEDER FUND
Dynasty Ci Global Accumulator Feeder Fund
Element Global Equity Sanlam Collective Investments Fund
Element Islamic Global Equity Sanlam Collective Investments Fund
Fairtree Global Smart Beta Prescient Fund
Flagship IP Global Icon Feeder Dund
FOORD GLOBAL EQUITY FEEDER FUND
GLACIER GLOBAL STOCK FEEDER - B
Global & Local SNN Offshore RQ A
Instit BCI Global Equity Fund
Investec Wealth & Investment BCI Global Leaders Equity Fund
Kagiso Global Equity Feeder Fund
Kagiso Islamic Global Equity Feeder Fund
Laurium Global Equity Prescient Fund
Lodestar Global Equity 27four Fund
M1 CAPITAL EQUITY PRESCIENT FUND
MARRIOTT FIRST WORLD EQUITY FEEDER FUND
Mazi Asset Management Prime Global Equity Fund
Melville Douglas STANLIB Global Equity Feeder Fund
MenteNova Worldwide Global Equity Prescient Fund
MiPlan IP Global AI Opportunity FUnd
MIPLAN IP SARASIN EQUISAR FEEDER FUND
MOMENTUM INTERNATIONAL EQUITY FEEDER FUND
Nedbank itf M1 Capital Global Equity Prescient Fund
Nedgroup Investments Global Behavioural Feeder Fund
Nedgroup Investments Global Emerging Markets Equity Feeder Fund
NEDGROUP INVESTMENTS GLOBAL EQUITY FEEDER FUND
Nedgroup Investments Select Global Equity Fund of Funds
Ninety One Global Franchise Feeder Fund
Ninety One WORLDWIDE EQUITY FEEDER FUND
OASIS CRESCENT INTERNATIONAL FEEDER FUND
OLD MUTUAL GLOBAL EQUITY FUND
OLD MUTUAL GLOBAL FTSE RAFI ALL WORLD INDEX FEEDER FUND
Old Mutual MSCI Emerging Markets ESG Index Feeder Fund
Old Mutual MSCI World ESG Index Feeder Fund
OLD MUTUAL MULTI-MANAGERS GLOBAL EQUITY FUND OF FUNDS
OLD MUTUAL-MANAGED EQUITY FUND
OM MSCI Emerging Markets ESG Index Feeder Fund
Peregrine Capital Global Equity Feeder Fund
PORTFOLIOMETRIX BCI GLOBAL EQUITY FUND OF FUNDS
PPS GLOBAL EQUITY FEEDER FUND
Prescient Core Global Equity Feeder Fund
Prescient Global Equity Feeder Fund
Prescient Sigma Select Global Leaders Feeder Fund
Prime Global ESG Equity Fund
Prime Iza Global Balancedd Feeder Fund
Prime Iza Global Equity Feeder Fund
Prime Ranmore Global Feeder Fund
Prudential Global Equity Feeder fund
PSG GLOBAL EQUITY FEEDER FUND
PSG Wealth Global Creator Feeder Fund
Sanlam Global Emerging Markets Feeder Fund
SANLAM GLOBAL EQUITY FUND
Sanlam Private Wealth Global High Quality Feeder Fund
Sasfin BCI Global Equity Feeder Fund
Satrix MSCI EM ESG Enhanced Feeder Portfolio
Satrix MSCI Emerging Markets ETF
SATRIX MSCI WORLD EQUITY INDEX FEEDER FUND
Satrix MSCI World ESG Enhanced Feeder Portfolio
Satrix MSCI World ETF
Select BCI Enhanced Core Global Equity Fund of Funds
Select Manager BCI Global Equity Fund of Funds
SIS INTERNATIONAL GROWTH FUND OF FUNDS
STANLIB GLOBAL EQUITY FEEDER FUND
STANLIB MSCI World Index Feeder ETF
STANLIB MSCI World Index Feeder Fund
STANLIB MULTI MANAGER GLOBAL EQUITY FEEDER FUND
STANLIB S&P500 Index Feeder ETF
STANLIB S&P500 Index Feeder Fund
STANLIB S&P500 Info Tech Index Feeder ETF
STANLIB S&P500 Info Tech Index Feeder Fund
Stonehage Fleming Sanlam Collective Investments Global Best Ideas Equity Feeder Fund
STONEWOOD BCI GLOBAL EQUITY FEEDER FUND
Stylo Global Equity Prescient FoF
Sygnia 4th Industrial Revolution Global Equity Fund
Sygnia FAANG Plus Equity Fund
Sygnia Health Innovation Global Equity Fund
Sygnia Itrix 4th Industrial Revolution Global Equity ETF
Sygnia Itrix MSCI Emerging Markets 50 ETF
SYGNIA ITRIX MSCI WORLD ETF
Sygnia Itrix SP Global 1200 ESG ETF
Global Equity Unclassified
At least 80% of the fund/s will be invested outside of South Africa.
At least 80% of the fund/s will be invested in shares.
Funds in this sub-category invest in single industry or sector or in companies that share a theme or activity.
Funds in this sub-category aim to grow the capital you invest over the medium to long term (at least five years).
The fund/s can be volatile (go up and down) over shorter periods and are likely to be more volatile than a fund investing across all market sectors.
There is no default category benchmark as funds in the unclassified sub-category can have very different mandates and are not comparable.
Global Interest Bearing Short Term
At least 80% of the fund/s will be invested outside of South Africa.
No more than 80% of the fund/s will be invested in a single geographical region.
The fund/s will invest in bonds, fixed deposits and other securities that pay fixed interest, but the weighted average of all the instruments' terms to maturity cannot exceed two years.
The fund/s cannot invest in shares, listed property or preference shares.
Funds in this sub-category aim to deliver a high level of income and should be less volatile than a bond fund.
There is no default benchmark for this sub-category.
Global Interest Bearing Unclassified
At least 80% of the fund/s will be invested outside of South Africa.
At least 80% of the fund/s will be invested in interest bearing assets.
Funds in this sub-category invest in single industry or sector or in companies that share a theme or activity.
There is no default category benchmark as funds in the unclassified sub-category can have very different mandates and are not comparable.
Global Interest Bearing Variable Term
At least 80% of the fund/s will be invested outside of South Africa.
No more than 80% of the fund/s can be invested in a single geographical region.
The fund/s will invest largely in bonds but can also invest in fixed deposits and other securities that pay fixed interest from around the world, depending on what interest rates are and how the manager/s expected them to change.
Funds in this sub-category aim to earn capital growth and a high level of income.
There is no default benchmark for this sub-category.
Global Multi Asset Flexible
At least 80% of the fund/s will be invested outside of South Africa.
No more than 80% of the fund/s will be invested in a single geographical region.
The fund/s will invest in share, bond, money and listed property markets. This kind of fund has the flexibility to move between the asset classes as the manager deems fit, unless the fund's own mandate sets minimum asset class holdings.
A manager of a fund in this sub-category has a significant degree of discretion over the allocation to geographical regions outside of South Africa and asset classes in order to maximise total returns over the long term, but these funds can be aggressively managed for higher returns at a higher investment risk.
There is no default benchmark for this sub-category.
Global Multi Asset High Equity
At least 80% of the fund/s will be invested outside of South Africa.
No more than 80% of the fund/s will be invested in a single geographical region.
The fund/s will invest across share, bond, money and listed property markets and move between the asset classes within limits considered prudent.
The equity holdings, including shares in international markets, cannot exceed 75% of the fund/s.
The listed property exposure, including that in international markets, cannot exceed 25% of the fund/s.
Funds in this sub-category aim to grow the capital you invest over the medium to long term (at least five years).
There is no default benchmark for this sub-category. Sub-category peer group averages are sometimes shown in performance tables.
Global Multi Asset Income
At least 80% of the fund/s will be invested outside of South Africa.
No more than 80% of the fund/s will be invested in a single geographical region.
The fund/s will invest across share, bond, money and listed property markets and move between the asset classes within limits considered prudent.
The equity holdings, including shares in international markets, cannot exceed 10% of the fund/s.
The listed property exposure, including that in international markets, cannot exceed 25% of the fund/s.
There is no default benchmark for this sub-category. Sub-category peer group averages are sometimes shown in performance tables.
Global Multi Asset Low Equity
At least 80% of the fund/s will be invested outside of South Africa.
No more than 80% of the fund/s will be invested in a single geographical region.
The fund/s will invest across share, bond, money and listed property markets and move between the asset classes within limits considered prudent.
The equity holdings, including shares in international markets, cannot exceed 40% of the fund/s.
The listed property exposure, including that in international markets, cannot exceed 25% of the fund/s.
Funds in this sub-category aim to grow the capital you invest over the medium term (at least three years).
There is no default benchmark for this sub-category. Sub-category peer group averages are sometimes shown in performance tables.
Global Multi Asset Medium Equity
At least 80% of the fund/s will be invested outside of South Africa.
No more than 80% of the fund/s will be invested in a single geographical region.
The fund/s will invest across share, bond, money and listed property markets and move between the asset classes within limits considered prudent.
The equity holdings, including shares in international markets, cannot exceed 60% of the fund/s.
The listed property exposure, including that in international markets, cannot exceed 25% of the fund/s.
Funds in this sub-category aim to grow the capital you invest over the medium to long term (at least five years).
There is no default benchmark for this sub-category. Sub-category peer group averages are sometimes shown in performance tables.
Global Multi Asset Unclassified
At least 80% of the fund/s will be invested outside of South Africa.
The fund/s will invest across international share, bond, money and listed property markets and move between the asset classes with a view to reducing the investment risk as the target date approaches.
The asset mix may vary over time depending on the fund mandate.
There is no default benchmark for this sub-category. The funds cannot be compared due to their unique investment portfolios.
Global Real Estate General
At least 80% of the fund/s will be invested outside of South Africa.
No more than 80% of the fund/s will be invested in a single geographical region.
The fund/s will invest in listed property shares, collective investment schemes in property and property loan stock and real estate investment trusts.
Up to 80% of a fund in this sub-category must be invested in real estate shares.
Up to 10% of a fund in this sub-category can be invested in shares not listed in the real estate sector but in companies that do similar business to that of listed property companies.
There is no default benchmark for this sub-category.
South African Equity Financial
At least 55% of the fund/s must be invested in the South African markets.*
The fund/s can invest up to 45% in markets outside of South Africa.
At all times 80% of the fund/s must be invested in the equity market in shares listed in the FTSE/ Financials sector or in a similar sector of an international stock exchange.
Up to 10% of the fund/s may be invested in shares in other sectors that conduct similar business activities as those in the financial sector.
As these funds are focussed on a single sector they may be more volatile than funds that are diversified across a wider range of industry groups on the stock market.
The default benchmark for funds in this sub-category is the FTSE/JSE Financials index, but individual funds may have their own benchmarks.
* In terms of the current exemption under the ASISA Fund Classification Standard.
South African Equity General
At least 55% of the fund/s must be invested in South African markets.
These fund/s can invest up to 45% in markets outside of South Africa.
At all times 80% of the fund/s must be invested in the equity market.
The fund/s will invest across sectors and in small, mid or large cap shares. The aim of the fund/s is to grow the capital you invest over the medium to long term (at least five years).
A fund in this sub-category can be volatile (go up and down) over shorter periods but should be less volatile than funds focussed on specific market sectors.
The default benchmark for funds in this sub-category is the FTSE/JSE All Share Index (Alsi), but individual funds may have their own benchmarks.
* In terms of the current exemption under the ASISA Fund Classification Standard.
South African Equity Industrial
At least 55% of the fund/s must be invested in the South African market.*
The fund/s can invest up to 45% in markets outside of South Africa.
At all times 80% of the fund/s must be invested in the equity market in industrial shares listed in the JSE or an international stock exchange. Industrial shares include all companies listed on an exchange other than those listed in the FTSE/JSE Oil & Gas, Basic Materials, and Financials industry groups.
Funds in this sub-category aim to grow the capital you invest over the medium to long term (at least five years).
The default benchmark for funds in this sub-category is the FTSE/JSE All Share Industrials index, but individual funds may have their own benchmarks.
* In terms of the current exemption under the ASISA Fund Classification Standard.
South African Equity Large Cap
At least 55% of the fund/s must be invested in South African markets.*
The fund/s can invest up to 45% in markets outside of South Africa.
At all times 80% of the fund/s must be invested in the equity market.
The fund/s will invest at least 80% in large cap shares included in the FTSE/JSE Large Cap Index or, for any portion invested in foreign markets, an equivalent index on a foreign exchange.
Funds in this sub-category aim to grow the capital you invest over the medium to long term (at least five years).
Funds in this sub-category can be volatile (go up and down) over shorter periods and are likely to be more volatile than a fund investing across all market sectors.
The default benchmark for funds in this sub-category is the FTSE/JSE Large Cap Index, but individual funds may have their own benchmarks.
* In terms of the current exemption under the ASISA Fund Classification Standard.
South African Equity Mid & Small Cap
At least 55% of the fund/s must be invested in South African markets.*
The fund/s can invest up to 45% in markets outside of South Africa.
At all times 80% of the fund/s must be invested in the equity market.
The fund/s will invest at least 80% in shares that are included either in the FTSE JSE Mid Cap Index or the FTSE JSE Small Cap Index or, for any portion invested in foreign markets, an equivalent index on a foreign exchange.
Funds in this sub-category aim to grow the capital you invest over the medium to long term (at least five years).
Funds in this sub-category can be volatile (go up and down) over shorter periods and are likely to be more volatile than a fund investing across all market sectors.
The default benchmark for funds in this sub-category is the FTSE/JSE Mid Cap Index, but individual funds may have their own benchmarks.
* In terms of the current exemption under the ASISA Fund Classification Standard.
South African Equity Resources
At least 55% of the fund/s must be invested in South African markets.*
The fund/s can invest up to 45% in markets outside of South Africa.
At least 80% of the fund/s must be invested in shares listed in the FTSE/JSE Energy and Basic Materials industry group or in any similar sector in on a foreign exchange.
Up to 10% of the shares can be invested in shares not listed in a energy and basic materials sector but which are involved in similar business activities to those in the energy and basic materials sectors.
Funds in this sub-category aim to grow the capital you invest over the medium to long term (at least five years).
Funds in this sub-category can be volatile (go up and down) over shorter periods and likely to be more volatile than a fund investing across all market sectors.
The default benchmark for funds in this sub-category is the FTSE/JSE Resources Index, but individual funds may have their own benchmarks.
* In terms of the current exemption under the ASISA Fund Classification Standard.
South African Equity SA General
100% of the fund/s must be invested in South African markets.
At all times 80% of the fund/s must be invested in the equity market.
The fund/s will invest across industry groups and market sectors and in small, mid or large cap shares. The aim of the fund/s is to grow the capital you invest over the medium to long term (at least five years).
A fund in this sub-category can be volatile (go up and down) over shorter periods but should be less volatile than funds focused on specific market sectors.
The default benchmark for funds in this sub-category is the FTSE/JSE All Share Index (Alsi), but individual funds may have their own benchmarks.
South African Equity Unclassified
At least 55% of the fund/s must be invested in South African markets.
The fund/s it can invest up to 45% in markets outside of South Africa.
Funds in this sub-category invest in single industry or sector or in companies that share a theme or activity.
Funds in this sub-category aim to grow the capital you invest over the medium to long term (at least five years).
The fund/s can be volatile (go up and down) over shorter periods and are likely to be more volatile than a fund investing across all market sectors.
There is no default benchmark for this sub-category. Sub-category peer group averages are sometimes shown in performance tables.
* In terms of the current exemption under the ASISA Fund Classification Standard.
South African Interest Bearing SA Money Market
The fund/s must be 100% in the South African market.
The fund/s will invest in money market instruments with a maturity of less than 13 months. The average term to maturity or duration of the holdings of funds in this sub-category may not exceed 90 days and a weighted average legal maturity of 120 days.
Funds in this sub-category aim to preserve your capital, pay high interest and to give you ready access to your investment (be liquid).
The default benchmark for funds in this sub-category is the Alexander Forbes Short Term Fixed Interest three-month index, but individual funds may have their own benchmarks.
* In terms of the current exemption under the ASISA Fund Classification Standard.
South African Interest Bearing Short Term
At least 55% of the fund/s must be invested in South African markets.
The fund/s can invest up to 45% in markets outside of South Africa.
The fund/s will invest in bonds, fixed deposits and other securities that pay fixed interest but the weighted average of all the instruments' terms to maturity cannot exceed two years.
The fund/s cannot invest in shares, listed property or preference shares.
Funds in this sub-category aim to deliver a high level of income and should be less volatile than a bond fund.
The default benchmark for funds in this sub-category is the Alexander Forbes Short Term Fixed Interest (STeFI) Composite index, but individual funds may have their own benchmarks.
* In terms of the current exemption under the ASISA Fund Classification Standard.
South African Interest Bearing Variable Term
At least 55% of the fund/s must be invested in South African markets.
The fund/s can invest up to 45% in markets outside of South Africa.
Funds in this sub-category invest largely in bonds but can also invest in fixed deposits and other securities that pay fixed interest, depending on what interest rates are and how they are expected to change.
Funds in this sub-category may not include equity securities, real estate securities or cumulative preference shares.
Funds in this sub-category aim to earn capital growth and a high level of income.
The default benchmark for funds this sub-category is the JSE/ASSA All Bond index, but individual funds may have their own benchmarks.
* In terms of the current exemption under the ASISA Fund Classification Standard.
South African Interest Bearing Variable Term ILB
At least 55% of the fund/s must be invested in South African markets.
The fund/s can invest up to 45% in markets outside of South Africa.
Funds in this sub-category invest at least 80% of the portfolio in inflation-linked bonds but can also invest in fixed deposits and other securities that pay fixed interest, depending on what interest rates are and how they are expected to change.
Funds in this sub-category may not include equity securities, real estate securities or cumulative preference shares.
Funds in this sub-category aim to earn capital growth and a high level of income.
The default benchmark for funds this sub-category is the JSE/ASSA All Bond index, but individual funds may have their own benchmarks.
* In terms of the current exemption under the ASISA Fund Classification Standard.
South African Multi Asset Flexible
At least 55% of the fund/s must be invested in South African markets.
The fund/s can invest up to 45% in markets outside of South Africa.
The fund/s will invests across share, bond, money and listed property markets. This kind of fund has the flexibility to move between the asset classes as the manager deems fit, unless the fund's own mandate sets minimum asset class holdings.
The manager of a fund in this sub-category has a significant degree of discretion over the asset allocation in order to maximise total returns over the long term, but these funds can be aggressively managed for higher returns at a higher investment risk.
Funds in this sub-category aim to grow the capital you invest over the medium to long term (at least five years).
There is no default benchmark for this sub-category. Sub-category peer group averages are sometimes shown in performance tables.
* In terms of the current exemption under the ASISA Fund Classification Standard.
South African Multi Asset High Equity
At least 55% of the fund/s must be invested in South African markets.
The fund/s can invest up to 45% in markets outside of South Africa.
The fund/s will invest across share, bond, money and listed property markets and move between the asset classes within limits considered prudent.
The equity holdings, including shares in international markets, cannot exceed 75% of the fund/s.
The listed property exposure, including that in international markets, cannot exceed 25% of the fund/s.
Funds in this sub-category aim to grow the capital you invest over the medium to long term (at least five years).
There is no default benchmark for this sub-category. Sub-category peer group averages are sometimes shown in performance tables.
* In terms of the current exemption under the ASISA Fund Classification Standard.
South African Multi Asset Income
At least 55% of the fund/s must be invested in South African markets.
The fund/s can invest up to 45% in markets outside of South Africa.
The fund/s will invest across share, bond, money and listed property markets and move between the asset classes within limits aimed at maximising income and keeping the investment risk low.
The equity holdings, including shares in international markets, cannot exceed 10% of the fund/s.
The listed property exposure, including that in international markets, cannot exceed 25% of the fund/s.
The fund/s aims for maximum income over the shorter term (less than three years).
There is no default benchmark for this sub-category. Sub-category peer group averages are sometimes shown in performance tables.
* In terms of the current exemption under the ASISA Fund Classification Standard.
South African Multi Asset Low Equity
At least 55% of the fund/s must be invested in South African markets.
The fund/s can invest up to 45% in markets outside of South Africa.
The fund/s will invest across share, bond, money and listed property markets and move between the asset classes within limits that keep the investment risk low.
The equity holdings, including shares in international markets, cannot exceed 40% of the fund/s.
The listed property exposure, including that in international markets, cannot exceed 25% of the fund/s.
Funds in this sub-category aim to grow the capital you invest over the medium term (at least three years).
There is no default benchmark for this sub-category. Sub-category peer group averages are sometimes shown in performance tables
* In terms of the current exemption under the ASISA Fund Classification Standard.
South African Multi Asset Medium Equity
At least 55% of the fund/s must be invested in South African markets.
The fund/s can invest up to 45% in markets outside of South Africa.
The fund/s will invest across share, bond, money and listed property markets and move between the asset classes within limits that keep the investment risk moderate.
The equity holdings, including shares in international markets, cannot exceed 60% of the fund/s.
The listed property exposure, including that in international markets, cannot exceed 25% of the fund/s.
Funds in this sub-category aims to grow the capital you invest over the medium to long term (at least five years).
There is no default benchmark for this sub-category. Sub-category peer group averages are sometimes shown in performance tables.
* In terms of the current exemption under the ASISA Fund Classification Standard.
South African Multi Asset SA High Equity
100% of the fund/s must be invested in South African markets.
The fund/s will invest across share, bond, money and listed property markets and move between the asset classes within limits considered prudent.
The equity holdings cannot exceed 75% of the fund/s.
The listed property exposure cannot exceed 25% of the fund/s.
Funds in this sub-category aim to grow the capital you invest over the medium to long term (at least five years).
There is no default benchmark for this sub-category. Sub-category peer group averages are sometimes shown in performance tables.
South African Multi Asset Unclassified
At least 55% of the fund/s must be invested in South African markets.
The fund/s can invest up to 45% in markets outside of South Africa.
The fund/s will invest across share, bond, money and listed property markets and move between the asset classes with a view to reducing the investment risk as the target date approaches.
The asset mix may vary over time to target a predetermined investment outcome such as a specific retirement date or a targeted level of income.
There is no default benchmark for this sub-category. The funds cannot be compared due to their unique investment portfolios.
* In terms of the current exemption under the ASISA Fund Classification Standard.
South African Real Estate General
At least 55% of the fund/s must be invested in South African markets.
The fund/s can invest up to 45% in markets outside of South Africa.
The fund/s will invest in listed property shares, collective investment schemes in property and property loan stock and real estate investment trusts.
Up to 80% of the fund/s must be invested in shares listed in the FTSE/JSE Real estate sector or a similar sector in overseas markets.
Up to 10% of the fund/s can be invested in shares not listed in the FTSE/JSE Real estate sector or a similar sector in overseas markets but in companies that do similar business to that of listed property companies.
The default benchmark for funds in this sub-category is the FTSE/JSE SA Listed Property index, but individual funds may have their own benchmarks.
Worldwide Equity General
The fund/s can invest in either local or global markets without restrictions.
At least 80% of the fund/s must be invested in shares.
The fund/s will invest across all sectors of the market.
Funds in this sub-category aim to grow your capital over the long term (at least five years).
There is no default benchmark for this sub-category.
Worldwide Equity Unclassified
The fund/s can invest in either local or global markets without restrictions.
At least 80% of the fund/s must be invested in shares.
The fund/s will invest in a single industry or sector of the market or in companies that share a similar theme or activity.
Funds in this sub-category aim to grow your capital over the long term (at least five years).
There is no default benchmark for this sub-category.
Worldwide Multi Asset Flexible
The fund/s can invest in either local or global markets without restrictions.
The fund/s will invest in share, bond, money and listed property markets and move between the asset classes in line with the views of the manager/s, unless the fund's own mandate sets any minimum holdings for the asset classes.
The manager of a fund in this sub-category has a significant degree of discretion over the allocation to geographical regions and asset classes in order to maximise total returns over the long term, but these funds can be aggressively managed for higher returns at a higher investment risk.
There is no default benchmark for this sub-category.
Worldwide Multi Asset Income
The fund/s can invest in either local or global markets without restrictions.
The fund/s will invest across share, bond, money and listed property markets and move between the asset classes within limits aimed at maximising income and keeping the investment risk low.
The equity holdings, including shares in international markets, cannot exceed 10% of the fund/s.
The listed property exposure, including that in international markets, cannot exceed 25% of the fund/s.
There is no default benchmark for this sub-category.
Look up any South African unit trust fund and find out where and how it can invest. Or look up any category of funds to find out where and how they invest.
