RECM Equity Fund

SOUTH AFRICAN GENERAL EQUITY

Investor Profile
A rand-denominated equity fund that invests exclusively in South African equities. The Fund's aim is to outperform the South African equity market over the long term by selecting shares based on a value philosophy. The fund will remain more than 90% invested in equities at all times.

Investment Objective
To seek long-term capital growth with a level of risk acceptable to the more aggressive investor.

Launch Date: 02 Mar 2005
Fund Size (Class B) R17.3 million
Total Fund Size: R63.5 million
Reg 28: No
Benchmark: FTSE/JSE All Share Index
Initial Fee (excl VAT): No initial fee
Annual Fee (excl VAT): Class B 1.0% (excl. VAT)
Class D 1.5% (excl. VAT)
Class F 0.9% (excl. VAT)
Performance Fee: 20% of the outperformance of the hurdle over 5 year rolling periods

Performance Net of Fees and Expenses
To period ended 31 December 2016