OLD MUTUAL PROPERTY FUND

TOP TEN BUILDINGS IN THE REAL ESTATE CORE FUND BY MARKET VALUE
FUND DESCRIPTION AS AT 31 DECEMBER 2021
The fund is a registered unit trust scheme, which invests in the
Real Estate Core Fund. The Real Estate Core Fund is a 1.Eastgate Mall 6.Cabs Centre
property portfolio managed by Old Mutual Investment Group
2.Mutual Gardens 7.Highglen Shopping Centre
(Property Boutique).
3.Westgate 8.Chitungwiza Mall
The Real Estate Core Fund consists of buildings with reliable, 4. Tendeseka Office Park 9.Ex-Greatermans
predictable, and stable income streams.
5.Old Mutual Centre-Harare 10.Batanai Gardens

FUND OBJECTIVES
The fund aims to provide exposure to property investments for
retail clients at a minimal capital outlay. It also provides
investors with a steady growth of capital over the medium to
long term periods.
The fund enables individuals to participate in a diversified
property portfolio consisting of office parks, shopping malls,
industrial buildings, and offices. The diversified property
portfolio from the Real Estate Core fund is not normally
accessible to individual investors.
FUND MANAGER
Old Mutual Investment Group (Property Boutique).
TARGET MARKET
The fund is suitable for individuals and institutions wishing to invest in a
managed property portfolio.
INCOME DISTRIBUTION AND PRICING
The portfolio is valued internally every quarter and bi-annually by
external valuers. Units are bought and sold on the following dates (1
Jan, 1 April, 1 July and 1 October). During any quarter units are
bought and sold at the last available price. Purchase and sale of
units is suspended for 4 weeks from the beginning of each quarter to
allow for completion of the valuation process.
BENCHMARK
Consumer Price Index (Inflation)

RISK FACTOR
RISK RATING
Unit prices will fluctuate in line with market prices of the
underlying portfolio of assets. Risk is diversified across the
property sector and tenant mix.
Below are some of the key identifiable risks inherent with
investing in this product which may impact performance of
this investment.
Currency The loss of value arising from failure to liquidate the
Risk investment in the currency in which the investment
was made, due to changes in currency
regulations.
Market Risk The risk of loss of value arising from adverse
movements in the market value of assets.
Inflation The loss of purchasing power of the investment
Risk due to the general and sustained increases in
RECOMMENDED MINIMUM INVESTMENT TERM
prices of goods and services.
Interest The risk of investment and income losses resulting 1 Year + 3 Year + 5 Year +
Rate Risk from a change in interest rates.
Liquidity Failure to quickly disinvest due to limited liquid
Risk assets in the fund. INVESTMENT CONDITIONS
IMPACT OF COVID 19 ON PROPERTY PERFORMANCE New Account Opening ZWL500.00
The property market continues to show great signs of Ad Hoc deposits ZWL500.00
recovery with high occupancy recorded in the Industrial and
Monthly Debit Order ZWL500.00
Retail sector and yield of 7.24%. The period was characterized
by further reduction of COVID 19 restrictions by the Minimum Investment Period 180 days
authorities, which will be a positive development to the sector Notice period for a withdrawal* Up to 14 days
going forward .We anticipate a strong performance despite NB: *Minimum investment period is 6 months. No redemptions are
the COVID 19 theme continuing in 2022 .Property has proved allowed during this period
to be a good long term investment as it has largely held
value .

Unit Trusts are generally medium to long term investments. Apart from the Money Market Funds, where the unit price is maintained constant at ZWL100 cents, the value of units may
go down as well as up. Investment performance will depend on the growth in the underlying assets of the Fund, whose values may move up or down due to various factors including
the financial market environment and exchange rate movements. Past performance cannot be relied on as an indication of future performance. OMUT does not provide any
guarantees regarding the capital invested in the Fund or the returns of the Fund. Significant withdrawals from the Fund may place the Fund under liquidity pressure, however we are
committed to process all withdrawal instructions within the generally accepted 14 working days period. A schedule of fees and charges is available on request from the management
company. Withholding tax on the sale of units is applicable. You can easily sell your units at the ruling price of the day (calculated at 16h00 on a forward pricing basis). All accounts
in our books are subject to OMUT’s terms and conditions which can be obtained during working hours at our offices or on our website.
CHARGES
• Initial fee of 2% is charged on all deposits
• Management fee of 4% p.a. is accrued daily and paid
monthly
• Trustee fees of 0.5%p.a. and are charged to the fund

TAXATION

• Income Tax- 25.75%

• Withholding tax on exit- 5%
• Capital gains tax-20% (WHT credit given)

HISTORIC PERFORMANCE 2013-DECEMBER 2021

To view current prices, visit www.oldmutual.co.zw

Unit Trusts are generally medium to long term investments. Apart from the Money Market Funds, where the unit price is maintained constant at ZWL100 cents, the value of units may
go down as well as up. Investment performance will depend on the growth in the underlying assets of the Fund, whose values may move up or down due to various factors including
the financial market environment and exchange rate movements. Past performance cannot be relied on as an indication of future performance. OMUT does not provide any
guarantees regarding the capital invested in the Fund or the returns of the Fund. Significant withdrawals from the Fund may place the Fund under liquidity pressure, however we are
committed to process all withdrawal instructions within the generally accepted 14 working days period. A schedule of fees and charges is available on request from the management
company. Withholding tax on the sale of units is applicable. You can easily sell your units at the ruling price of the day (calculated at 16h00 on a forward pricing basis). All accounts
in our books are subject to OMUT’s terms and conditions which can be obtained during working hours at our offices or on our website.