Effective Date: 1 January 2024 | Last Updated: April 2026

1. General Disclaimer

Anchor Group Limited and its subsidiaries, including Anchor Capital (Pty) Ltd and Anchor Capital Advisors (Pty) Ltd (collectively "Anchor"), are authorised Financial Services Providers regulated by the Financial Sector Conduct Authority (FSCA) of South Africa. Anchor Capital (Pty) Ltd holds FSP licence number 39834.

The information contained on this website and in any associated materials is provided for general informational purposes only. It does not constitute and should not be construed as financial advice, a recommendation, or an offer to buy or sell any securities, financial instruments, or investment products.

2. Investment Risk Warning

The value of investments and the income derived from them may go down as well as up. Investors may not recoup the full amount originally invested. Changes in exchange rates may cause the value of investments to fluctuate. There can be no assurance that an investment objective will be achieved or that an investor will receive a return of their capital.

Collective investment schemes (unit trusts) are generally medium- to long-term investments. The value of participatory interests may go down as well as up, and past performance is not necessarily a guide to future performance. Collective investment schemes are traded at ruling prices and can engage in borrowing and scrip lending.

3. Regulatory Disclosures

In accordance with the Financial Advisory and Intermediary Services Act (FAIS) and the Collective Investment Schemes Control Act (CISCA), please note:

• Anchor BCI unit trusts are managed by BCI Corp (Pty) Ltd, an authorised manager of collective investment schemes in securities (CIS). BCI Corp is supervised by the FSCA.
• A schedule of fees, charges, and maximum commissions is available on request from the manager. Commission and incentives may be paid, and if so, are included in the overall costs.
• Performance data is calculated using NAV-to-NAV pricing with income reinvested, after deducting all ongoing charges but before any entry or exit fees.
• The total expense ratio (TER) is a measure of the total costs associated with managing and operating an investment fund. It includes management fees and additional expenses such as trading fees, legal fees, auditor fees, and other operational expenses.
• Fund performance figures are sourced from the manager and are provided for illustrative purposes only.

4. Offshore Investments

Anchor Capital, through its subsidiary Anchor Capital (Mauritius) Ltd and its London-based affiliate Credo Capital Limited, offers access to international investment products. Offshore investments are subject to additional risks, including but not limited to currency risk, political risk, and regulatory risk in the relevant jurisdiction.

Credo Capital Limited is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. Products offered through Credo may not be regulated by the FSCA and South African investor protections may not apply.

5. Tax Considerations

The tax treatment of investments depends on the individual circumstances of each investor and may be subject to change in the future. Anchor Capital does not provide tax advice. Investors should consult their own tax advisors regarding the tax implications of any investment.

South African residents are subject to tax on worldwide income. Investments in Section 12J venture capital companies, retirement annuities, and tax-free savings accounts may have specific tax implications that should be considered before investing.

6. Forward-Looking Statements

This website may contain forward-looking statements, including projections, forecasts, and estimates. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Anchor Capital undertakes no obligation to update or revise any forward-looking statements.

7. No Warranty

The information on this website is provided "as is" without any warranty of any kind, express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose, or non-infringement. Anchor Capital does not warrant that the website will be uninterrupted, error-free, or free of viruses or other harmful components.

8. Conflicts of Interest

Anchor Capital and its employees may hold positions in the securities or financial instruments discussed on this website. We maintain a Conflicts of Interest Management Policy, which is available on request, to manage any potential conflicts that may arise in the course of our business activities.

9. Complaints Procedure

If you have a complaint regarding our services, please contact our Compliance Officer in writing. If the matter is not resolved to your satisfaction, you may refer the complaint to the FAIS Ombud or the FSCA.