PSG Wealth Income Fund of Funds A
Minimum Disclosure Document (MDD)
31 May 2017
FUND DESCRIPTION
INVESTMENT OBJECTIVE AND SUMMARY OF INVESTMENT POLICY
Fund Manager
Adriaan Pask The objec�ve of the PSG Wealth Income Fund of Funds is to
achieve income with some long term capital apprecia�on as
ASISA Sector
South African ­ Mul� Asset ­ Income
interest rate cycles allow. The fund will comply with regula�ons
Minimum Investment R2000 lump sum or R250 monthly debit order controlling re�rement funds. Investments to be included in the
Fund Size (ZAR)
2 413 602 213 PSG Wealth Income Fund of Funds, will apart from cash and assets
in liquid form, mainly consist of par�cipatory interest in collec�ve
Incep�on Date
7/2/2007 investments schemes, whether listed or not.
Benchmark
STeFI 12 Month NCD ZAR
COMPOSITION
%
FEES
24.83 Ini�al Manco Fee %
24.79
24.82 Max. Ini�al Broker Fee % (incl. VAT)
24.79
0.77 Annual Management Fee % (incl. VAT)
100.00
Corona�on Strategic Income Fund
Prescient Income Provider
Pruden�al Enhanced Income Fund
PSG Diversified Income Fund
Cash and PSG Wealth Enhanced Interest Fund
0.00
2.28
1.43
Total Investment Charge % (incl. VAT)
1.89
Performance Fee
None
For a breakdown of the Total Investment Charge, please refer to page 2
ASSET ALLOCATION
CREDIT RATINGS
Domes�c Equity
Domes�c Bonds
Domes�c Property
Domes�c Preference Shares
Domes�c Cash
Offshore Equity
Offshore Bonds
Offshore Property
Offshore Other
Offshore Cash
Total
%
1.80
44.69
3.33
1.36
38.16
1.28
4.86
1.12
0.00
3.40
100.00
%
Cash
AAA
AA+
AA
AA­
A+
A
A­
BBB+
BBB
Other (excluding property)
Property
CUMULATIVE GROWTH OF R 100 000 SINCE INCEPTION
ANNUALISED RETURNS
Time Period: 7/3/2007 to 5/31/2017
As of Date: 5/31/2017
9.0
8.3
7.5
220 000
200 000
180 000
6.8
6.0
160 000
5.3
4.5
2009
2011
206 498.2
2013
STeFI 12 Month NCD ZAR
2015
2017
210 612.9
Return
120 000
PSG Wealth Income FoF A
8.3
7.4
7.9
7.2
7.5
7.0 6.8
7.3
7.6 7.8
6.7
3.8
3.0
2.3
140 000
100 000
7.8
15.11
13.01
16.03
25.62
5.10
4.84
1.28
1.34
0.27
0.50
13.08
3.82
1.5
0.8
0.0
1 year
2 years
PSG Wealth Income FoF A
3 years
5 years
7 years
STeFI 12 Month NCD ZAR
Inception
PSG Wealth Income Fund of Funds A
Minimum Disclosure Document (MDD)
31 May 2017
DISTRIBUTIONS (Cents per unit)
ROLLING RETURNS*
30 June 2016
31 July 2016
31 August 2016
30 September 2016
31 October 2016
30 November 2016
31 December 2016
31 January 2017
28 February 2017
31 March 2017
30 April 2017
31 May 2017
N/A
N/A
18.27
N/A
N/A
18.36
N/A
N/A
18.83
N/A
N/A
18.54
ADDITIONAL INFORMATION
PERFORMANCE IMPACT FACTORS
Minimum Investment Horizon
2 years
Risk of monetary loss
Low
Vola�lity
Low
Equity markets
Exchange rates
Interest rates
Longevity risk
Infla�on risk
Regula�on 28 status
Compliant
Target Investor
Investors seeking returns in excess of that
provided by money market funds or cash.
Investors who want to draw a regular income
stream without consuming capital.
Very low
Low
Moderate
Moderate
Moderate
GLOSSARY
Longevity risk: The risk that an individual will outlive his/her savings because the long term investment growth was insufficient to sustain the individuals’ life expenses.
Infla�on risk: The risk that long term infla�on growth will exceed the long term investment growth of an individuals’ por�olio, thereby effec�vely reducing the purchasing
power of those savings.
*Rolling Returns: The graph illustrates the best, worst and average rolling returns over the indicated periods, since the incep�on of the fund. This provides investors with
an indica�on of the distribu�on of returns historically experienced by this fund. For example the chart depicts the highest and lowest consecu�ve 12­month returns since
incep�on, this is a measure of how much the Fund has varied per rolling 12­month period.
NOTES AND DISCLAIMER
The Total Expense Ra�o (TER) is the annualised percentage of the Fund’s average assets under management that has been used to pay the Fund’s actual expenses over the past three
years. This percentage of the average Net Asset Value (NAV) of the por�olio was incurred as charges, levies and fees related to the management of the por�olio. A higher TER ra�o does
not necessarily imply a poor return, nor does a low TER ra�o imply a good return. The current TER cannot be regarded as an indica�on of future TERs. Part of the Annual Management
Fee is payable to the financial intermediary. Transac�ons costs: Transac�ons Costs are shown separately. Transac�on costs are a necessary cost in administering the Financial Product
and impacts Financial Product returns. They should not be considered in isola�on as return may be impacted by many other factors over �me including market returns, the type of
Financial Product, the investment decisions of the investment manager and the TER. Total Investment Charge: The sum of the TER and transac�on costs is shown as the Total
Investment Charge. Since Fund returns are quoted a�er the deduc�on of these expenses, the TER and Transac�ons Costs should not be deducted again from published returns. Due to
rounding, numbers presented throughout this document may not add up precisely to the totals provided.
Total Investment Charge annualised for the period 01/04/2014­31/03/2017
Total Investment Charge annualised for the period 01/04/2016­31/03/2017
Total Expense Ra�o % (incl. VAT)
1.85
Total Expense Ra�o % (incl. VAT)
1.82
Annual Management Fee % (incl. VAT)
1.43
Annual Management Fee % (incl. VAT)
1.43
Other costs excl. transac�on costs % (incl. VAT)
0.41
Other costs excl. transac�on costs % (incl. VAT)
0.39
Transac�on costs % (incl. VAT)
0.04
Transac�on costs % (incl. VAT)
0.05
Total Investment Charge % (incl. VAT)
1.89
Total Investment Charge % (incl. VAT)
1.87
Management Company: PSG Collec�ve Investments (RF) Limited, 1st Floor PSG House, Alphen House, Constan�a Main Road, Constan�a, 7806, Website: www.psg.co.za
Email: [email protected], Tel: +27 21 799 8000, Fax: +27 21 799 8181, Toll free line: 0800 600 168
Date Issued:
6/9/2017
PSG Wealth Income Fund of Funds A
Minimum Disclosure Document (MDD)
31 May 2017
NOTES AND DISCLAIMER
Disclaimer: Collec�ve Investment Schemes in Securi�es (Unit trusts) are generally medium to long­term investments. The value of par�cipatory interests (units) may go
down as well as up and past performance is not a guide to future performance. Collec�ve Investment Schemes are traded at ruling prices and can engage in borrowing and
scrip lending. Where foreign securi�es are included in a por�olio, the por�olio is exposed to risks such as poten�al constraints on liquidity and the repatria�on of funds,
macroeconomic, poli�cal, foreign exchange, tax, se�lement and poten�al limita�ons on the availability of market informa�on. Income distribu�ons is net of any applicable
taxes. The fund may borrow up to 10% of the market value to bridge insufficient liquidity. Excessive withdrawals from the fund may place the fund under liquidity pressure
and, in certain circumstances a process of ring­fencing withdrawal instruc�ons may be followed.
Fund of Funds (FOF): A fund of funds por�olio invests in por�olios of Collec�ve Investment schemes, which levy their own charges, which could result in a higher fee
structure for the fund of funds. A schedule of actual annual fees and charges, maximum commissions as well as actual performance figures can be requested from PSG
Collec�ve Investments (RF) Limited. Commission and incen�ves may be paid and if so, are included in the overall costs. The por�olios may be capped at any �me in order
for them to be managed in accordance with their mandate. Different classes of par�cipatory interests (units) can apply to these por�olios and are subject to different fees
and charges. Forward pricing is used.
Source of performance: Figures quoted are from Morningstar Inc.
Cut­off �mes: Transac�on cut­off �me is 14H30 daily.
Performance: Unit prices are calculated on net asset value (NAV) basis, which is the market value of all assets in the fund including income accruals and permissible
deduc�ons divided by the number of units in issue. Prices are published daily and are available on the website www.psg.co.za and in the daily newspapers. Performance is
calculated for the por�olio and individual investor performance may differ as a result of ini�al fees, the actual investment date, the date of reinvestment and dividend
withholding tax. All performance data is for a lump sum, net of fees, include income distribu�ons, prior to deduc�on of applicable taxes, and assumes reinvestment of
income distribu�ons on a NAV to NAV basis. The por�olio is valued at 3pm daily. Annualised performance show longer term performance rescaled to a 1 year period.
Annualised performance is the average return per year over the period. Addi�onal informa�on Is available free of charge on the website and may include publica�ons,
brochures, applica�on forms and annual reports or please contact PSG Client Services on 0800 600 168 or email: [email protected].
Trustee: The Standard Bank of South Africa Limited, Main Tower, Standard Bank Centre, 2 Hertzog Boulevard, Cape Town, 8001, Tel: +27 21 401 2443,
Email: Compliance­[email protected].
Conflict of Interest Disclosure: The fund may from �me to �me invest in a fund managed by a related party. PSG Collec�ve Investments (RF) Ltd or the Fund Manager may
nego�ate a discount on the fees charged by the underlying por�olio. All discounts nego�ated are reinvested in the fund for the benefit of the Investor. Neither PSG
Collec�ve Investments (RF) Limited nor the Fund Manager retains any por�on of such discount for their own accounts.
Company details: PSG Mul�­Management (Pty) Ltd (FSP No 44306) is the Fund Manager. PSG Mul�­Management (Pty) Ltd and PSG Collec�ve Investments (RF) Ltd are
subsidiaries of PSG Konsult Limited. PSG Collec�ve Investments (RF) Ltd is registered as a CIS manager with the Financial Services Board, and is a member of Associa�on of
Savings and Investments South Africa (ASISA). PSG Collec�ve Investments (RF) Ltd does not provide any guarantee either with respect to the capital or the return of a
por�olio and retains full legal responsibility for the third party named por�olio.
Management Company: PSG Collec�ve Investments (RF) Limited, 1st Floor PSG House, Alphen House, Constan�a Main Road, Constan�a, 7806, Website: www.psg.co.za
Email: [email protected], Tel: +27 21 799 8000, Fax: +27 21 799 8181, Toll free line: 0800 600 168
Date Issued:
6/9/2017