Discovery Target Retirement 2040 Fund Fact Sheet

Fund Details
Fund Sector
SA – Multi Asset – Target Date
Assets Under Management (R m) (Mar 2019)
R742 R 58 7.8167%
Number of Accounts (Mar 2019)
15 0 0%
Fund Asset Allocations (R m)
Sector Mar 2019 Dec 2018
Equities R 317 R 295
    Local    R 317    R 295
    Foreign    R 0    R 0
Cash Instr. R 111 R 107
    Local    R 111    R 107
    Foreign    R 0    R 0
Property R 0 R 0
On FoF R 314 R 281
Fund Investment Aims, Objective and/or Universe
The Discovery Target Retirement 2040 Fund is a uniquely structured fund specifically for retirement savings.The objective of the Fund will be to maximise the total real returns, comprising both capital and income, over the anticipated life span of the Fun

The Fund aims to provide long-term real returns with appropriate levels of risk for investors, given the Fund's target date and investors' retirement date.The risk profile of the Fund will vary over the investment term following the cohort of investors who have a retirement date close to 2040.The Fund will also be managed 20 years into retirement taking into account the phase that the cohort of investors are in.The Fund may invest in JSE listed companies, listed gilts and interest bearing securities, money market instruments, listed property companies or securities, listed derivative instruments, participatory units in collective investment schemes and foreign investments.
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