Fund Information
| Portfolio Manager |
Fungai Tarirah |
| Launch date: |
04-Apr-14 |
| Portfolio Value: |
R 1.2bn |
| JSE Code: |
BAEFC |
| ISIN Number: |
ZAE000188140 |
| ASISA Category: |
Regional - Equity - General |
| Benchmark: |
MSCI Emerging Frontier Markets Africa excluding SA index |
2017 Income Distribution:
|
0.52 cpu |
| 2016 Income Distribution: |
2.32 cpu |
| Date of Income Declaration: |
28 February / 31 August |
| Date of Income Payment: |
2nd working day of Mar / Sep |
| Valuation time: |
15:00 |
| Transaction time: |
14:00 |
| Minimum lump sum: |
R 10 000 |
| Minimum monthly Investment: |
R 500 |
Fee Structure
| Annual Service Fee: |
1.14 % (Inc. VAT) |
| Advisory Fee (Max): |
3.42% (Inc. VAT) |
| Annual Advice Fee: |
0 - 1.14% (if applicable) |
| Initial Fee: |
0.00% (Incl. VAT) |
| Performance Fee: |
20% of the excess performance
above the benchmark, calculated
over a 1 year rolling basis, capped
at a maximum of 2% p.a. |
Risk Profile
| Projected Total Expense Ratio (TER) |
|
| Initial TER |
1.51% (Incl. VAT) |
Please note: the TER has been calculated applying the initial service charge of the portfolio. The TER is disclosed as % of the average Net Asset Value of the portfolio that were incurred as charges, levies and fees related to the management of the portfolio and underlying portfolios. The TER is adjusted for significant subsequent portfolio restructurings and/or fee changes. A higher TER ratio does not necessarily imply a poor return, nor does a low TER imply a good return. The current TER can not be regarded as an indication of future TER’s.