AMC008 Factsheet

Investment Objective

Form of AMCs: Listed Uncertificated AMCs be achieved by consistent absolute returns by utilising long and short equity positions Derivatives Instruments. This set of AMCs is suitable for long term Domicile: South Africa investors, targeting capital growth through investment in global equity assets, but ISIN: ZAE000325908 wish to invest and retain the investment denominated in South Africa Rand. JSE Code AMC008 Holders of this set of AMCs must be willing to tolerate a potentially higher level of Charges (Costs for investing in this AMC, excl VAT) volatility and must have an investment time horizon of five years or longer Management Fee 125 basis points Performance Fee 20% over outperformance of the EXPOSURE LIMIT OF AMC008 The Exposure Limited of the Reference Portfolio on the date before the Benchmark and the High- publication of this Monthly Fact sheet is: [0%] geared, which is below the allowed water mark 200% gearing. Current Bid/Offer Spread The highest Exposure Limit during the reporting period preceding the date before Bid 1% 1,294.06 the publication of this Monthly Fact sheet is: [0%] geared Offer 1% 1,320.20 Units 18,751 SOURCE OF LEVERAGE Price 1,307.13 The Reference Portfolio Manager would use short selling of reference components as its source of leverage. The use of listed derivatives may in some Reference Portfolio Value R24,510,007.54 instances create a leveraged position in a certain reference component. The Latest Expense Ratio of reference Portfolio (incl. VAT) The expense ratio of the Reference Portfolio determined on the PORTFOLIO PERFORMANCE (%) date before the publication of this Monthly Fact Sheet is 1.73% Fund Benchmark 56.1 RISK PROFILE The AMC has a high exposure to the local equity market, which may result in capital volatility over the short term. Specific Risks: Default risk: The risk that the issuers of reference components may not be able to 29.3 meet dividend, or interest payments. Some issuers of reference components may become insolvent and therefore the credit quality of each issuer is vital. Derivatives risk: The use of listed derivative instruments could increase overall 16.9 15.7 risk by magnifying the effect of both gains and losses in the reference portfolio of AMC008. As such, large changes in value and potentially large financial losses 11.3 could result. 7.2 Interest Rate risk: The value of fixed income reference components tends to be 5.1 3.1 inversely related to interest and inflation rates. Hence their value decreases when interest rates and/or inflation rises. Since 3 Inception 1 Month Months 1 YR (p.a.)