Updated: 20-September-2021 Valid until: 23-September-2021
Participation Bonds
| Company | Product | Nominal Rate | Five-Year Rate on Maturity | Min Inv Amount | Initial Charges | Management Cost |
|---|---|---|---|---|---|---|
| Fedgroup Secured Investment | Growth Option | 7.6% | 9.21% * | R 5 000 | 0.00% | 0.00% |
| Fedgroup Secured Investment | Income Option | 7.6% | 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 of 7.6% p.a.
Money Market Funds
| Company | Effect Rate | Initial charges | Min Inv Amount | Management cost |
|---|---|---|---|---|
| Allan Gray | 4.370% | 0.000% | R 20 000.00 | 0.290% |
| Absa (Prudential MM) | 4.220% | 0.000% | R 100 000.00 | 0.460% |
| Coronation | 4.200% | 0.000% | R 10 000.00 | 0.250% |
| Prudential | 3.930% | 0.000% | R 50 000.00 | 0.400% |
| Nedbank | 3.900% | 0.000% | R 10 000.00 | 0.570% |
| SYmmETRY | 3.860% | 0.000% | R 10 000.00 | 0.570% |
| Old Mutual Unit Trust | 3.800% | 0.000% | R 10 000.00 | 0.570% |
| PSG | 3.560% | 0.000% | R 25 000.00 | 0.570% |
- Notes on Symmetry Money Market Fund : Applicable to LISP clients only.
- Notes on Absa Prudential Money Market Fund: The fund is managed according to the guidelines set out in Regul ation 28 of the Pension Fund Act and Regulation 29 of the Medical Aid Schemes Act. The fund currently has an annual management fee holiday which will be lifted on 30 September 2021.
- Notes on Nedbank Money Market: The rolling 7-day yield,as at Friday 17 September 2021 was 3.90% 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 September 2021(the latest figure available) was 3.89% 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