OLD MUTUAL GOLD FUND

FUND DESCRIPTION INCOME DISTRIBUTION

The fund invests in Mosi-oa-Tunya gold coins issued by the There will be no income distribution expected from this fund.
Reserve Bank of Zimbabwe and other locally available gold
related investments on behalf of pooled investors. MINIMUM INVESTMENT AMOUNTS & LOCK UP PERIOD
Minimum lump sum per investor account ZWL$20,000.00
FUND OBJECTIVES & BENCHMARK
Additional lump sum ZWL$20,000.00
The fund aims to provide capital growth and/or preservation
over the medium to long-term through exposure to inflation Minimum debit orders ZWL$20,000.00
hedging Mosi-oa-Tunya gold coins at minimal capital outlay. The Minimum investment period 180 days
Fund’s benchmark is the Consumer Price Index CPI (Inflation)).

HOW WE AIM TO ACHIEVE THE FUND’S OBJECTIVE CHARGES

The fund’s objective will be achieved through investing in a • Initial charge 1.5% (once off on investing)
portfolio that is largely comprised of Mosi-oa-Tunya Gold coins. • Management fee 3% p.a accrued daily and paid
These gold coins are expected to track the performance of gold monthly.
• Other charges include audit fees and trustee fees at
on the international gold market.
(0.5% pa).

FUND MANAGER TAXATION

Old Mutual Investment Group Zimbabwe (Private) Limited Withdrawals attract a 5% capital gains withholding tax.
(OMIG).
RECOMMENDED MINIMUM INVESTMENT TERM
RISK FACTOR
This is a low to moderate risk fund whose value fluctuates in line 1 Year + 3 Year + 5 Year +
with the movement in Mosi-oa-Tunya gold coins prices. The daily
Mosi-oa-Tunya gold price shall be based on the previous day’s TARGET MARKET
London Bullion Market Association (LBMA) PM Fix plus the cost of Suitable for individual and institutional investors who:
producing the coin (5%). This means that the fund’s performance • Seek value preservation and hedge against currency
will be largely affected by the performance of gold on the volatility.
international gold markets and local exchange rate movements. • Are comfortable with taking on low to moderate risk of
Below are some of the key identifiable inherent risks which may market fluctuation and potential capital loss.
impact performance of the Gold Fund. • Typically have an investment horizon of more than three
Currency The loss of value arising from failure to liquidate the (3) years.
Risk investment in the currency in which the investment
was made, due to changes in currency HISTORIC GOLD PRICE MOVEMENTS
regulations.
Market The risk of loss of value arising from adverse
Risk movements in the market value of the underlying Historical Gold price perfomance
asset because of adverse movements in 2,000
international gold prices and local exchange
1,800
rates.
1,600
Inflation The loss of purchasing power of the investment 1,400
US$ Per Ounce

Risk due to general and sustained increases in prices of 1,200

goods and services. Gold has however proved to
1,000
be a “safe haven” investment for medium to long-
800
term customers.
600
Price Risk The risk of investment and income losses resulting
400
from a change in prices.
200
Liquidity Failure to quickly disinvest due to limited liquid 0
Risk assets in the fund.
1969
1972
1975
1978
1981
1984
1987
1990
1993
1996
1999
2002
2005
2008
2011
2014
2017
2020
2023

RISK RATING
1 2 3 4 5 To view current prices, visit http://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. OMIG 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 OMIG’s terms and conditions which can be obtained during working hours at our offices or on our website.