GCI Income Fund Fact Sheet

Fund Details
Fund Sector
SA – Interest Bearing – Short Term
Assets Under Management (R m) (Mar 2019)
R104 R 15 14.42%
Number of Accounts (Mar 2019)
180 8 4.4444%
Fund Asset Allocations (R m)
Sector Mar 2019 Dec 2018
Equities R 0 R 0
    Local    R 0    R 0
    Foreign    R 0    R -
Cash Instr. R 4 R 2
    Local    R 4    R 2
    Foreign    R 0    R 0
Property R 0 R 0
On FoF R 100 R 116
Fund Investment Aims, Objective and/or Universe
The objective of the fund is to provide investors with a high level of income combined with capital preservationInvestments to be included in the fund will, apart from assets in liquid form, consist solely of participatory interests in funds of collective investment schemes registered in the Republic of South Africa.

The fund will consist of a mix of collective investment scheme funds investing in equity, fixed interest instruments (including, but not limited to, bonds, corporate bonds, inflation linked bonds, convertible bonds, cash deposits and money market instruments), debentures, preference shares and property securities as well as any other income enhancing securities which are consistent with the fund’s primary objective and that the Act may allow from time to time.The fund’s equity exposure will be limited to a maximum of 10% of the fund’s net asset value.The fund will be managed in accordance with regulations governing pension funds.The fund will also be allowed to invest in listed and unlisted financial instruments (derivatives) as allowed by the Act from time to time.The Manager shall be permitted to invest on behalf of the fund in offshore investments as legislation permits.
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