Investec Managed Fund :: Invest In Your Future

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Investec Managed Fund

Investment objective

The Investec Managed Fund aims to provide investors with stable growth of capital over the long term. The objective is to achieve returns well in excess of the fund’s peer group average, measured over three to five year periods.

Strategy

The fund invests in a mix of South African equities, bonds and money market instruments, as well as international equity and fixed interest investments. Regulation 28 currently limits equity exposure to 75% of the fund (90% with listed property) and international exposure to 20% (for retirement funds exempted from the 15% limit). The allocation of assets is actively managed with a strong bias towards equities.

Fund features

Consistent top quartile returns
A balanced fund for investors who don’t want to actively manage their own asset allocation
Flexible investment style and stock selection process
Compliant with Regulation 28 of the Pension Funds Act, therefore suitable for retirement funds

Key Facts

Portfolio manager: Gail Daniel
Launch date: 10 February 1994
Sector: Domestic AA Prudential Variable Equity*
Size of fund: R4.0 billion
Benchmark: Peer Group Average
Minimum investment: R10 000 lump sum or R500 monthly debit order

Fees

	A Class	B Class
Initial fund fee	0%	0%
Initial adviser fee	3.00%*	0%

Annual management fee

Minimum	0.95%	0.95%
Sharing rate#	20%	20%
Maximum fee	3.00%	3.00%

#The manager shares in the fund performance above the benchmark, Sector Average. Fees are shown excluding VAT.

Total expense ratio (TER)*

The TERs for this fund are listed below. The performance fee shown below is included in the TERs. TERs shown are including VAT.

	A Class	B Class
TER	1.12%	1.10%
Performance fee	0%	0%

Income distribution dates
March & September

Previous income distribution for 6 months to 30 September 2009
A Class: Net dividend 1.75 cpu
B Class: Net dividend 1.61 cpu
A Class: Interest distribution 2.26 cpu
B Class: Interest distribution 2.41 cpu

Disclaimer | Legal Policies | Site Map

Collective Investment Schemes in Securities (CIS) are generally medium to long term investments. The value of participatory interests may go down as well as up and past performance is not necessarily a guide to the future. CIS are traded at ruling prices and can engage in borrowing and scrip lending. A schedule of fees and charges and maximum commissions is available on request from the company/scheme. Commission and incentives may be paid and if so, would be included in the overall costs. Forward pricing is used. Investec Fund Managers SA Ltd is a member of the Association for Savings & Investment SA.

All information and opinions provided are of a general nature and are not intended to address the circumstances of any particular individual or entity. We are not acting and do not purport to act in any way as an advisor or in a fiduciary capacity. No one should act upon such information or opinion without appropriate professional advice after a thorough examination of a particular situation. We endeavour to provide accurate and timely information but we make no representation or warranty, express or implied, with respect to the correctness, accuracy or completeness of the information and opinions. We do not undertake to update, modify or amend the information on a frequent basis or to advise any person if such information subsequently becomes inaccurate. Any representation or opinion is provided for information purposes only. Investec Asset Management is an authorised financial services provider.

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