Updated: 16-November-2020 Valid until: 20-November-2020
|Company||Product||Nominal Rate||Five-Year Rate on Maturity||Min Inv Amount||Initial Charges||Management Cost|
|Fedgroup Secured Investment||Growth Option||7.60%||9.21% *||R 5 000||0.00%||0.00%|
|Fedgroup Secured Investment||Income Option||7.60%||Varies, based on income paid out||R 5 000||0.00%||0.00%|
|Fedgroup Secured Investment||Tax-Free Option||4.25%||Varies, based on investment term||R 500||0.00%||0.00%|
*The rate is based on a five-year investment calculated at a fixed nominal rate if 7.6% p.a.
|Company||Effect Rate||Initial charges||Min Inv Amount||Management cost|
|Allan Gray||4.450%||0.000%||R 20,000||0.290%|
|Old Mutual Unit Trust||3.850%||0.000%||R 10,000||0.570%|
Notes on Symmetry Money Market Fund : Applicable to LISP clients only.
Notes on Absa Money Market Fund : The maximum initial charge is 0.40% (incl. VAT) of consideration received and will include a maximum of 0.24% (incl. VAT) payable for commissions and incentives.
Notes on Nedbank Money Market: The rolling 7-day yield,as at Friday 13 November 2020 was 3.71% p.a. This is the average return over the past 7 days, annualised, and calculated as an effective rate for a one-year investment. The nominal return for November 2020 (the latest figure available) was 3.57% p.a. These figures apply to all investments, irrespective of amount.They can now accept debit order with a minimum of R500 pm.
Notes on the Coronation Money Market Fund: The fund aims to obtain as high a level of current income as is consistent with capital preservation and liquidity. The fund's benchmark is the Alexander Forbes Short Term Fixed Interest (STeFI) Benchmark. Management fees of 0.25 % excluding VAT are calculated on an annual basis.
Notes on the Allan Gray Money Market Fund: A maximum initial charge of 3.42% (inclusive of VAT) is payable to the adviser as commission subject to restrictions when selecting an Annual Financial Adviser Fee ranging between 0%-1.14% (incl VAT). No initial charges are levied by the Fund. The Fund accepts monthly investments of R500 monthly (via debit order).
Notes on Glacier Market Funds: Class B rated AAAm by CA Ratings. Class B is available through Glacier Financial Solutions (Glacier) products. No minimum investment required, however, clients must adhere to Glacier product minimums. Fees: 0% initial fee, 0.4% p.a. annual fund management fee and usual Glacier linked product fees.
Notes on Old Mutual Unit Trusts : A maximum initial charge of 0.68% (inclusive of VAT) is payable to the adviser as commission. No initial administration charge is levied