Professional Documents
Culture Documents
This is a tax Free Savings account managed in accordance with the Regulations in terms of Section 12T(8) of the Income Tax Act.
An individual can contribute a total of R30 000 annually and a total of R500 000 over his/her lifetime.
Any contributions in access of the limits above will incur a 40% tax penalty.
Any capital contribution amount withdrawn will still form part of the annual and lifetime contribution limits.
How to Invest
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Before investing, please read the Terms and Conditions of this investment (attached hereto).
Complete all relevant sections of this form, and send pages 1-4 together with the required documents to 27four Investment
Managers (Pty) Ltd, the investment manager, at fax number +27 11 442 2465 or email to unittrust@27four.com.
Cut off times for receiving instructions are 13:00 (SA).
The following supporting documentation must be submitted with this application:
FICA documentation
Proof of deposit
Details
New Investor
Existing Investor
Client Number
Investor Details
Title
Surname
First Name(s)
Date of Birth
Male
D
Female
Nationality
Occupation
Country of Residence
Physical Address
Post Code
Postal Address
Post Code
Telephone (H)
Telephone (W)
Cell
Fax
Email Address
Please specify your preferred method of receiving correspondence *
Postal address
*Where no selection is made correspondence will be sent to the e-mail supplied above. If no email address is supplied, correspondence will be sent via post.
Marital Status
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Single
Ante-nuptial contract
In community of Property
Surname
First Name(s)
Date of Birth
Male
D
Female
Nationality
Telephone (W)
Cell
Fax
Email Address
Capacity
Branch Code
Account Number
Account Type
Signature of Account Holder
Method of Payment
Lump Sum
An individual can contribute a total of R30 000.00 annually. Please deposit your lump sum investment directly into the following bank
account:
Account Name
Account Number
Bank
Branch
Branch Code
1452056757
Nedbank
145 209
Date of Deposit
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Amount to be transferred
Instructions to collect received before 13:00 will be collected the same day.
Y
Amount to be transferred
Please note that a debit order fee of R4.30 will be applicable for contributions less than R1 000.00 per month.
Debit order start date
Amount to be transferred
Banking details for debit order deduction/electronic collection (if different from investors bank details):
Name of Account Holder
Name of Bank
Branch Name
Branch Code
Account Number
Account Type
Signature of Account Holder
Fee
Class
Initial
Financial
Advisor fee
Annual
Financial
Advisor fee
Lump Sum
Debit Order
A1
A1
(Minimum
R10 000.00
per fund)
(Minimum
R1000.00 per
fund)
Re-invest
distributions?
If Yes
* Should you elect to have your distributions paid out, they will be paid into the bank account specified in this application.
distributions below R1 000 will automatically be re-invested.
All
Category I
Category II
Registered
Not Registered
Category IIA
VAT Number
I, the appointed Financial Advisor for this investment application declare that:
1. I am licensed to render services in respect of this product.
2. I have made the disclosures required in terms of the Financial Advisory and Intermediary Services Act 37 of 2002 (FAIS) and
subordinate legislation thereto, to the investor/s.
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3. I have fully explained the meaning and implications of replacement (if applicable) to the investor/s and that I am fully aware of the
possible detrimental consequences of replacement.
4. I have established and verified the identity of the investor/s (and persons acting on behalf of the investor) in accordance with the
Financial Intelligence Centre Act 38 of 2001 (FICA) and the regulations thereto, and I will keep records of such identification and
verification according to the provisions of FICA.
5. I have explained all fees that relate to this investment to the investor/s and I understand and accept that the investor/s may
withdraw his / her authority for payment to me in writing and inform the manager.
6. My personal information may be used by the manager in the normal course of business to provide the products and services and the
manager may retain any information for purposes of investment transactions, processing and administration and to communicate
directly with me. Personal information will not be given or sold to any third parties. The manager will disclose or report personal
information if and when required to do so by law or any regulatory authority, and to our employees, or agents who require such
information to carry out their duties.
Date
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investment objectives
risk factors
any additional information necessary to enable the investor to make an informed decision
18. I acknowledge that my investment is a tax free investment and that the following has been fully disclosed to me: the nature and
general implications of a tax fee investment, the maximum annual and lifetime investment limits, how these limits operate, and the
consequences of exceeding these limits.
19. I confirm and warrant to Prescient that the amount invested in terms of this application form does not exceed my annual or lifetime
contribution limits for tax free investments.
Date
Signed at
Capacity
Capacity
* If signing on behalf of the investor please provide proof of authority and supporting verifying documentation.
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This is an annual fee payable to financial advisors by the manager for marketing and
distribution services. This fee is included in the Annual Management Fee and will not reflect on
investor statements.
This is the fee charged by the manager for managing or administering the Portfolio.
Association for Savings and Investments South Africa
ASISA classifies portfolios that are registered with the FSB according to where they invest,
either being locally or off-shore, and what they invest in (e.g. shares or bonds)
An index or measure which is used to calculate the rate of return that a portfolio needs to
achieve.
A scheme which allows a number of investors to invest in a diversified portfolio of assets and
in terms of which investors hold a participatory interest in such portfolio in the form of units,
shares or other forms.
Initial and/or annual fees negotiated with the investor that is payable to the duly appointed
financial advisor in addition to the Annual Distribution Fee and the Annual Management Fee.
A group of assets, including any amount in cash, in which investors may choose to invest.
Regulation 28 of the Pension Funds Act determines investment limits that are considered
suitable for retirement savings purposes. Some Portfolios are managed to comply with these
limits.
The total expense ratio ('TER') is a measure of the expenses that are incurred in the
administration of a portfolio such as audit fees, annual management fees (whether fixed or
performance based), trustee fees, VAT, etc. Negotiable financial advisor fees are not reflected
in the TER. A high TER does not imply a poor return, nor does a low TER imply a high return.
Important Notes
1
Should you agree to an Initial Financial advisor fee with your appointed financial advisor, the relevant fee, subject to the maximum
limits herein, must be indicated on the application form and will be paid by the investor to the advisor before the contribution is
invested. Contributions are invested net of this fee.
Should you agree to an annual advisor fee being paid to your financial advisor for financial services rendered to you, the relevant
fee, subject to the maximum limits herein, must be indicated on the application form and will be paid via a sale of units. This fee will
reflect on the investor statement.
All fees quoted herein are exclusive of VAT.
4
6
Each Investment Option set out herein may have more than one class available. It is important for investors to understand that the
class they select will determine whether the fees payable are fixed or are negotiable and how the fees are deducted. Certain fee
classes will pay the Annual Distribution Fee to financial advisors. Financial Advisor Fees agreed to by the investor will be in addition
to the Annual Distribution Fee.
Portfolio name
27four Shari'ah
Balanced
Prescient Fund
of Funds
27four Shari'ah
Active Equity
Prescient Fund
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Risk
Rating
Benchmark
Reg 28
Compliant?
Income
distribution
frequency
Annual
Management
Fee
South African
- Multi Asset
- High Equity
ASISA Unit
Trust
Category
Average
Yes
March
0.80%
South African
- Equity General
ASISA Unit
Trust
Category
Average
No
March
1.50%
ASISA
classification
Objective
efficiently in accordance with its mandate. CIS prices are calculated on a net asset basis, which is the total value of all the assets in the
portfolio including any income accruals and less any permissible deductions (brokerage, STT, VAT, auditors fees, bank charges, trustee
and custodian fees and the annual management fee) from the portfolio divided by the number of participatory interests (units) in issue.
Forward pricing is used. The Fund's Total Expense Ratio (TER) reflects the percentage of the average Net Asset Value (NAV) of the
portfolio that was incurred as charges, levies and fees related to the management of the portfolio. A higher TER does not necessarily
imply a poor return, nor does a low TER imply a good return. The current TER cannot be regarded as an indication of future TER's.
During the phase in period TERs do not include information gathered over a full year.
A Money Market portfolio is not a bank deposit account and the price is targeted at a constant value. The total return is made up of
interest received and any gain or loss made on any particular instrument; and in most cases the return will have the effect of increasing
or decreasing the daily yield, but in the case of abnormal losses it can have the effect of reducing the capital value of the portfolio. The
yield is calculated as a weighted average yield of each underlying instrument in the portfolio. Excessive withdrawals from the portfolio
may place the portfolio under liquidity pressures and a process of ring-fencing of withdrawal instructions and managed pay-outs over
time may be followed
A Fund of Funds is a portfolio that invests in portfolios of collective investment schemes, which levy their own charges, which could result
in a higher fee structure for these portfolios
A Feeder Fund is a portfolio that invests in a single portfolio of a collective investment scheme which levies its own charges and which
could result in a higher fee structure for the feeder fund.
The Manager retains full legal responsibility for any third-party-named portfolio.
Where foreign securities are included in a portfolio there may be potential constraints on liquidity and the repatriation of funds,
macroeconomic risks, political risks, foreign exchange risks, tax risks, settlement risks; and potential limitations on the availability of
market information.
The investor acknowledges the inherent risk associated with the selected investments and that there are no guarantees.
Prescient is a member of the Association for Savings and Investments SA.
FICA Requirements
In terms of the Financial Intelligence Centre Act, 2001 (FICA) the manager requires a copy of each of the following documents:
An ID document means a document containing a photo, full names, date of birth and ID number, a passport containing or a valid
drivers licence.
Proof of address/business address means a document less than 3 months old containing residential address that is a utility bill, bank
statement, rates account or tax invoice.
1.
2.
Contact Details
27four Investment Managers
54 on Bath
Ground Floor
54 Bath Avenue
Rosebank
Johannesburg
2196
Prescient Management Company Limited
Prescient House
Westlake Business Park
Otto Close
Westlake
7945
PO Box 522417
Saxonwold
Johannesburg
2132
P O Box 31142
Tokai
7966
Compliance Department
The contact address of the Compliance Officer is the same as the address above.
Complaints
Please do not hesitate to contact us if you are not satisfied with this investment or the services received from the manager. A complaint
must be submitted to the Compliance Officer. The manager will acknowledge the complaint in writing and will inform the investor of the
contact details of the persons involved in the resolution thereof.
If an investor is not satisfied with the response from the manager or if an investor has a complaint about the advice given by the
Financial Advisor, he/she has the right to address his/her complaint in writing to the Ombud for Financial Services Providers at the
address below. The Ombud is legally empowered to investigate and adjudicate complaints in a procedurally fair, economical and
expeditious manner.
P O Box 74571, Lynwood Ridge, 0040 | Tel: +27 12 470 9080 | Fax: +27 12 348 3447 | Email: info@faisombud.co.za
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