Alex Forbes Investments Conservative Passive Fund Fact Sheet

Fund Details
Fund Sector
SA – Multi Asset – Low Equity
Assets Under Management (R m) (Mar 2019)
R41 R 4 9.756%
Number of Accounts (Mar 2019)
9 0 0%
Fund Asset Allocations (R m)
Sector Mar 2019 Dec 2018
Equities R 20 R 23
    Local    R 20    R 23
    Foreign    R 0    R 0
Cash Instr. R 9 R 9
    Local    R 7    R 7
    Foreign    R 2    R 2
Property R 4 R 4
On FoF R 9 R 9
Fund Investment Aims, Objective and/or Universe
The objective of the fund is to generate moderate capital growth over the medium term, through investing in a combination of asset classes.The fund will be passively managed, using a calculated strategic asset allocation, determined by a financial model, which identifies the asset allocation that targets a specified level of expected return at the lowest level of expected risk (volatility).The appropriate indices within the strategic asset allocation may be adjusted over time, as economic and/or market conditions change.This fund will include securities that provide exposure to a combination of asset classes, including participatory interests in collective investment scheme funds (also including Exchange Traded Funds), shares, preference shares, property shares, bonds, debentures, debenture stock, debenture bonds, other non-equity securities, money market instruments, assets in liquid form, as well as listed and unlisted financial instruments, as legislation permits.

The fund will be classified within the relevant industry fund classification category applicable to predominantly South African, multi asset, low equity funds, and the equity component of the fund will be limited accordingly.The fund will be managed in accordance with the prudential investment guidelines applicable to retirement funds, with a lower risk tolerance for equities.The fund may not be leveraged.The Manager will be permitted to invest, at its discretion, on behalf of the fund, in offshore investments, as legislation permits.The Manager may from time to time invest in participatory interests or any other form of participation in funds of collective investment schemes or other similar collective investment schemes, as the Act may allow from time to time.There are no additional mandate investment limitations.
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