Directory

UNIT TRUST TFSAs

Unit trusts are a popular way to invest and give investors access to a wide variety
of investment strategies. Generally, unit trusts are actively managed and the
manager makes buy and sell decisions between different assets. That means they are
usually more expensive than passive funds such as exchange-traded funds. The total
expense ratios (TER) listed below show what the total cost was in the funds most
recent year. Unit trusts lend themselves to the full range of risk levels. Most funds
allow for regular contributions or once-off investments. The return figures refer to
the most recent one- and three-year return periods annualised. For N/A, the fund is
less than one or three-years old.
Unit trusts are a popular way to invest and give investors access to a wide variety
of investment strategies. Generally, unit trusts are actively managed and the
manager makes buy and sell decisions between different assets. That means they are
usually more expensive than passive funds such as exchange-traded funds. The total
expense ratios (TER) listed below show what the total cost was in the funds most
UNIT TRUST TFSAs

recent year. Unit trusts lend themselves to the full range of risk levels. Most funds
allow for regular contributions or once-off investments. The return figures refer to
the most recent one- and three-year return periods annualised. For N/A, the fund is
less than one or three-years old.

Allan Gray Tax-Free Balanced Fund Underlying investment

Risk level
Annual cost (TER)
Ideal investment period
Benchmark
Since inception
Three-year return/year
Baobab BCI Tax-Free Fund
Risk level
Annual cost (TER)
Ideal investment period
Benchmark
One-year return
Three-year return/year
Medium A mix of shares, bonds,
property, commodities and
N/A
cash
At least three years
SA multi asset high
equity
6.60%
N/A
Underlying investment
Medium high Global and local equity
securities, government bonds,
3.26%
corporate bonds and inflation-
At least three years linked bonds, debentures, fixed
interest securities, property
CPI+6%
shares, property related
-9.51% securities, preference shares,
money market instruments
14.39% and assets in liquid form

30 FM TFSA Guide
Emperor IP Equity Momentum Unit Trust Underlying investment
(Tax Free)
Risk level High Follows quantitative
momentum strategy, investing
Annual cost (TER) 2.26%
in top 180 most liquid shares
Ideal investment period At least five years of the JSE
JSE top 40 total return
Benchmark
index
One-year return -3.25%
Three-year return/year N/A
Foord Balanced Fund Underlying investment
Risk level Medium high Equities, listed property,
corporate debt, bonds, money
Annual cost (TER) 1.59%
market and commodities
Ideal investment period At least four years
The market value weighted
average total return of the

UNIT TRUST TFSAs

Benchmark SA multi-asset, high equity
unit trust sector, excluding
Foord Balanced Fund
One-year return -2.20%
Three-year return/year 6.00%
Foord Equity Fund Underlying investment
Risk level Medium high Equities, with aim of beating
the all share index with less
Annual cost (TER) 1.16%
risk
Ideal investment period At least six years
Benchmark JSE all share index
One-year return -5.00%
Three-year return/year 5.80%
Foord Flexible Fund of Funds Underlying investment
Risk level Low to medium Local and global investments
in all asset classes
Annual cost (TER) 1.16%
Ideal investment period At least four years
SA consumer price index
Benchmark
+ 5%
One-year return 0.30%
Three-year return/year 9.00%

FM TFSA Guide 31
 Mosaic Flexible Prescient Fund Underlying investment
Risk level High Diversified mix of assets
including equities, property,
Annual cost (TER) 1.93%
bonds, preference shares,
Ideal investment period At least six years money market and other
financial instruments.
FTSE/JSE All Share Index
Benchmark Maximum offshore exposure
TR
of 25% gross plus 5% gross
Year to date -0.80% in Africa
Three-year return/year N/A
Naviga TFSA Balanced Portfolio Underlying investment
Risk level Medium
Annual cost (TER) N/A
A high equity fund with a
Ideal investment period At least three years maximum of 75% in equities
Benchmark SA multiasset high equity with the balance in property,
cash and bonds
One-year return 8.19%
UNIT TRUST TFSAs

Three-year return/year N/A

Personal Trust Managed Fund Class B Underlying investment
(Tax-Free)
Risk level Medium to high
Annual cost (TER) 1.43%
Ideal investment period At least five years
50% of JSE all share
total return index; 10%
of all bond index; 10% Local and foreign equities,
of MSCI world index; property trusts, bonds and
Benchmark cash
5% IMF Special Drawing
Rights; 10% JSE SA listed
property; 10% JP Morgan
bond index; 5% SA cash
One-year return -0.11%
Three-year return/year 8.62%

32 FM TFSA Guide
Prudential Balanced Fund (Tax-Free) Underlying investment
Risk level Medium
Annual cost (TER) 1.02%
Ideal investment period At least five years Equity 75%, listed property
25%, offshore 25%, plus
SA multi-asset high equity additional 5% Africa excluding
Benchmark
category average SA
One-year return 0.10%
Three-year return/year N/A
Prudential Dividend Maximiser Fund Underlying investment
(Tax-Free)
Risk level Medium high
Annual cost (TER) 1.50%
Ideal investment period At least seven years
JSE shares with low relative
SA equity general category price:earnings ratios
Benchmark
mean

UNIT TRUST TFSAs

One-year return -3.40%
Three-year return/year N/A
Prudential Enhanced Income Fund (Tax-Free) Underlying investment
Risk level Low to medium
Annual cost (TER) 0.73%
Ideal investment period One to three years
SteFI composite index High-yielding securities
Benchmark measured over a rolling
36-month period
One-year return 7.50%
Three-year return/year N/A
Prudential Enhanced SA Property Tracker Underlying investment
Fund (Tax-Free)
Risk level Medium high
Annual cost (TER) 0.69%
SA listed property instruments
Ideal investment period At least five years and assets in liquid form. No
Benchmark JSE listed property index direct imvestment in physical
property
One-year return 4.00%
Three-year return/year N/A

FM TFSA Guide 33
 Prudential High Interest Fund D Underlying investment
Risk level Low
Annual cost (TER) 0.42%
Ideal investment period At least three to 12 months
STeFI composite index Non-equity securities
Benchmark measured over a rolling
12-month period
One-year return 8.00%
Three-year return/year 7.20%
Prudential Inflation Plus Fund (Tax-Free) Underlying investment
Risk level Low to medium
Annual cost (TER) 1.02%
Ideal investment period At least three years Tactical asset allocation
CPI+5% over rolling three- across classes, locally and
Benchmark internationally
year period
UNIT TRUST TFSAs

One-year return 2.60%

Three-year return/year N/A
Resolute Wealth Tax-Free Savings Portfolio Underlying investment
Risk level High
Annual cost (TER) N/A
Ideal investment period At least five years
All asset classes with focus on
CPI + 6% over rolling five- equties
Benchmark
year period
One-year return 19.07%
Three-year return/year 22.19%
Satrix Alsi Index Fund Underlying investment
Risk level Medium to high
Annual cost (TER) 0.55%
Ideal investment period At least five years General equities, tracks
Benchmark JSE all share index performance of all share index
One-year return -4.23%
Three-year return/year 5.59%

36 FM TFSA Guide
Satrix Balanced Index Fund Underlying investment
Risk level Medium high Tracks the proprietary or
custom Satrix balanced index
Annual cost (TER) 0.78%
and invests in a range of
Ideal investment period At least five years underlying equity indices:
dividend plus index (value
Proprietary Satrix balanced
Benchmark exposure), equally weighted
index
top 40 index (size exposure)
One-year return 0.76% and Satrix momentum index
(momentum exposure)
Three-year return/year -3.40%
Satrix Bond index Fund Underlying investment
Risk level Medium Permitted government and
corporate fixed-interest
Annual cost (TER) 0.54%
securities. The fund invests
Ideal investment period At least three years 100% in bonds
Benchmark JSE all bond index
One-year return 6.24%

UNIT TRUST TFSAs

Three-year return/year N/A
Satrix Dividend Plus Underlying investment
Risk level High
Annual cost (TER) 0.55%
Ideal investment period At least five years
High dividend-yielding shares
Benchmark JSE dividend plus index
One-year return 2.66%
Three-year return/year 0.73%
Satrix Equally Weighted Top 40 index Fund Underlying investment
Risk level High
Annual cost (TER) 0.53%
Ideal investment period At least five years
JSE equally weighted top JSE top 40 shares
Benchmark
40 index
One-year return -6.27%
Three-year return/year 2.90%

FM TFSA Guide 37
 Satrix Low Equity Balanced index Fund Underlying investment
Risk level Low Tracks composite index
benchmark with a long-term
Annual cost (TER) 0.77%
strategic asset allocation
Ideal investment period At least three years
Proprietary Satrix low
Benchmark
equity balanced index
One-year return 2.75%
Three-year return/year N/A
Satrix MSCI World index Feeder Fund Underlying investment
Risk level High Feeder fund, invests in
participatory interest in SAlam
Annual cost (TER) 0.85%
World Equity Tracker Fund, a
Ideal investment period At least five years sub-fund of the Irish-domiciled
SAlam Universal Funds plc
Benchmark MSCI world equity index
One-year return 26.00%
UNIT TRUST TFSAs

Three-year return/year N/A

Satrix Momentum index Fund Underlying investment
Risk level High Equities; aims to capture the
return of the equity market
Annual cost (TER) 0.68%
enhanced by the momentum
Ideal investment period At least five years risk premium
Proprietary Satrix
Benchmark
momentum index
One-year return -5.43%
Three-year return/year 10.04%
Satrix Property index Fund Underlying investment
Risk level High
Annual cost (TER) 0.54%
Ideal investment period At least five years
JSE SA listed property Listed property companies
Benchmark
index (J253)
One-year return 2.60%
Three-year return/year 13.70%

38 FM TFSA Guide
Satrix Quality index Fund Underlying investment
Risk level High
Annual cost (TER) 0.73%
Ideal investment period At least five years JSE-listed high-quality
Benchmark S&P SA quality index companies
One-year return -1.26%
Three-year return/year N/A
Satrix RAFI 40 Underlying investment
Risk level High
Annual cost (TER) 0.71%
Ideal investment period At least five years
JSE top 40 shares
Benchmark JSE Rafi 40 index
One-year return 3.94%
Three-year return/year 5.04%

UNIT TRUST TFSAs

Satrix Swix 40 Index Fund Underlying investment
Risk level High
Annual cost (TER) 0.52%
Ideal investment period At least five years
JSE top 40 shares
Benchmark JSE Swix 40 index
One-year return -5.09%
Three-year return/year N/A
Satrix Top 40 Index Fund Underlying investment
Risk level High
Annual cost (TER) 0.53%
Ideal investment period At least five years
JSE top 40 shares
Benchmark JSE top 40 index
One-year return -7.33%
Three-year return/year 4.05%

FM TFSA Guide 39