RECM Balanced Fund

SOUTH AFRICAN - MULTI ASSET - HIGH EQUITY

Investor Profile
A rand-denominated worldwide balanced fund that has the flexibility to invest in equities, bonds, property and cash, both locally and globally. A maximum of 75% of the portfolio’s assets may be invested in equities at all times. The fund complies with Regulation 28 of the South African Pension Funds Act.

Investment Objective
To offer investors medium- to long-term income and capital growth with lower than average risk.

Launch Date: 15 Feb 2010
Fund Size (Class A) R49.7 million
Total Fund Size: R49.7 million
Reg 28: Yes
Benchmark: SA CPI + 5% p.a
Initial Fee (excl VAT): No initial fee
Annual Fee (excl VAT): Class A 0.9% (excl. VAT)
Performance Fee: n/a

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