Moonstone Information Refinery (Pty) Ltd
| Updated: 02-August-2021|| Valid until: 06-August-2021|
The rate is based on a
five-year investment calculated at a fixed nominal rate of 7.6% p.a.
Money Market Funds
|Company||Effect Rate||Initial charges||Min Inv Amount||Management cost|
|Coronation||4.680%||0.000%||R 10 000.00||0.250%|
|Cadiz||4.550%||0.000%||R 20 000.00||0.290%|
|Allan Gray||4.250%||0.000%||R 20 000.00||0.290%|
|Nedbank||4.060%||0.000%||R 10 000.00||0.570%|
|Old Mutual Unit Trust||3.910%||0.000%||R 10 000.00||0.570%|
|Prudential||3.890%||0.000%||R 50 000.00||0.400%|
|PSG||3.730%||0.000%||R 25 000.00||0.570%|
|SYmmETRY||3.710%||0.000%||R 10 000.00||0.570%|
- Notes on Symmetry Money Market Fund : Applicable to LISP clients only.
- Notes on Nedbank Money Market: The rolling 7-day yield,as at Friday 30 August 2021
was 4.06% 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 August 2021(the latest figure available) was 3.86% 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