Download Fund Manager Sector Minimum Investment Fund Size

PSG Wealth Global Preserver Fund of Funds (USD) IC Limited Class A
Minimum Disclosure Document (MDD)
Please note that the name of the fund changed from PSG Konsult Houghton Global Income Por�olio
(USD) IC Limited Class B to PSG Wealth Global Preserver Fund of Funds A (USD) IC Limited from 15 July
2016.
30 June 2017
FUND DESCRIPTION
INVESTMENT OBJECTIVE AND SUMMARY OF INVESTMENT POLICY
PSG Fund Management (CI) Ltd The objec�ve of the Por�olio is to provide rela�ve capital stability and to
Fund Manager
maximise returns for investors through ac�ve management of an
USD Cau�ous Alloca�on interna�onally diversified por�olio of global high income and interest
USD 1000 bearing collec�ve investment schemes established, recognised or
Sector
Minimum Investment
regulated in any Approved Country and assets in liquid form. The emphasis
31 919 066 of the Manager’s investment approach will be on debt obliga�ons of
6/10/2010 governments, interna�onal organisa�ons and corpora�ons or financial
Fund Size ($)
Incep�on Date
ins�tu�ons of high credit standing.
GIFS USD Cau�ous Alloca�on
Benchmark
COMPOSITION
%
Veritas Global Real Return Fund
Investec GSF Global Mul�­Asset Income Fund
Orbis Op�mal Fund
Schroder ISF Global Mul�­Asset Income Fund
BlackRock Global Mul�­Assset Income Fund
Fidelity Funds Global Mul�­Asset Income Fund
Offshore Cash
ASSET ALLOCATION
17.22
17.35
11.99
17.21
17.30
17.24
1.69
100.00
­20.0
0.0
20.0
ANNUALISED RETURNS
Time Period: 6/11/2010 to 6/30/2017
As of Date: 6/30/2017
7.5
130 000
6.8
125 000
5.3
5.3
5.4
4.5
115 000
3.0
105 000
2.3
2.7
PSG Wealth Global Preserver FoF (USD) A
2013
128 737.3
GIFS USD Cautious Allocation
2015
2017
120 120.3
TOP TEN EQUITY HOLDINGS
%
Charter Communica�ons Inc
Comcast Corp
Microso� Group
Allergan plc
Alphabet Inc
UnitedHealth Group Inc
Airbus Group SE
American Express Co
Safran S.A.
Sumitomo Corp
1.37
0.99
0.81
0.73
0.73
0.73
0.69
0.69
0.69
0.66
Return
2011
2.6
2.3
2.6
0.7
0.8
0.0
3.6
1.6
1.5
100 000
4.0
3.7
3.8
110 000
95 000
6.7
6.0
120 000
Domes�c Other
Domes�c Equity
Domes�c Bonds
Domes�c Cash
Offshore Equity
Offshore Property
Offshore Bonds
Offshore Other
Offshore Cash
60.0
Total
40.0
CUMULATIVE GROWTH OF $ 100 000 SINCE INCEPTION
%
­1.66
0.01
0.79
­0.65
35.18
2.12
44.92
4.03
15.26
100.00
1 year
2 years
3 years
PSG Wealth Global Preserver FoF (USD) A
4 years
5 years
Inception
GIFS USD Cautious Allocation
FEES
Ini�al Manco Fee %
0.00
Max. Ini�al Broker Fee %
2.00
Annual Management Fee %
1.50
Total Expense Ra�o %
2.90
For a breakdown of the Total Investment Charge, please refer to page 2
PSG Wealth Global Preserver Fund of Funds (USD) IC Limited Class A
Minimum Disclosure Document (MDD)
30 June 2017
DISTRIBUTIONS (Cents per unit)
ROLLING RETURNS*
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
30 June 2017
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
ADDITIONAL INFORMATION
PERFORMANCE IMPACT FACTORS
Minimum Investment Horizon
5 years
Risk of monetary loss
Moderate
Vola�lity
Moderate
Equity markets
Exchange rates
Interest rates
Longevity risk
Infla�on risk
Target Investor
Investors seeking a global mul�­asset por�olio
which provides rela�ve capital stability while
genera�ng long­term wealth in developed fixed
interest markets. Investors should be
comfortable with market fluctua�ons i.e. short­
term vola�lity.
Moderate
High
Moderate
Low to moderate
Low to 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 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. 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 %
2.90
Total Expense Ra�o %
2.82
Annual Management Fee %
1.50
Annual Management Fee %
1.50
Other costs excl. transac�on costs %
1.40
Other costs excl. transac�on costs %
1.32
Transac�on costs %
0.17
Transac�on costs %
0.17
Total Investment Charge %
3.08
Total Investment Charge %
3.00
REPRESENTATIVE OFFICE: PSG Collec�ve Investments (RF) Limited, 1st Floor PSG House, Alphen House, Constan�a Main Road, Constan�a, 7806 , Tel: +27 21 799 8000, Fax: +27 21 799 8181 Email: utoff[email protected]
ADMINISTRATOR: Vistra Fund Services (Guernsey) Ltd, 11 New Street, St Peter Port, Guernsey, GY1 2PF, Tel: +44 1481 726034
MANAGER: PSG Fund Management (CI) Limited, 11 New Street, St Peter Port, Guernsey, GY1 2PF, Email: utoff[email protected], Tel: +44 1481 726034, Fax: +44 1481 726029, Website: www.psg.co.za/asset­management
CUSTODIAN: BNP Paribas Securi�es Services SCA, BNP Paribas House, St. Julian's Avenue, St Peter Port, Guernsey GY1 1WA, Tel: +44 (0) 1534 813 800
Date Issued:
7/10/2017
PSG Wealth Global Preserver Fund of Funds (USD) IC Limited Class A
Minimum Disclosure Document (MDD)
30 June 2017
NOTES AND DISCLAIMER
General Informa�on: Collec�ve Investment Schemes in Securi�es (CIS) are generally medium to long­term Investments. The value of par�cipatory interests (units) or the
investment may go down as well as up and past performance is not a guide to future performance. Fluctua�ons or movements in the exchange rates may cause the value
of underlying interna�onal investments to go up or down. CIS are traded at ruling prices and can engage in borrowing and script 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. The por�olios may be capped at any �me in order for them to be managed in accordance
with their mandate. Excessive withdrawals from the por�olio may place the por�olio under liquidity pressures and in such circumstances a process of ring­fencing of
withdrawal instruc�ons and managed pay­outs over �me may be followed. Past performance is not a reliable indicator of future results and you may get back less than you
originally invested. This publica�on is for private circula�on and informa�on purposes only and does not cons�tute a personal recommenda�on or investment advice or an
offer to buy/sell or an invita�on to buy/sell securi�es in the fund. The informa�on and any opinions have been obtained from or are based on sources believed to be
reliable, but accuracy cannot be guaranteed. No responsibility can be accepted for any consequen�al loss arising from the use of this informa�on. The informa�on is
expressed at its date and is issued only to and directed only at those individuals who are permi�ed to receive such informa�on in accordance with Guernsey laws and
regula�ons. In some countries the distribu�on of this publica�on may be restricted, it is your responsibility to find out what those restric�ons are and observe them. PSG
Fund Management (CI) Limited as general manager and Vistra Fund Services (Guernsey) Ltd as Administrator are licensed by the Guernsey Financial Services Commission
(GFSC). The fund is a Guernsey Class B open ended collec�ve investment scheme authorised by the GFSC. Figures and benchmark quoted are from Source: © 2017
Morningstar, Inc. All Rights Reserved. The management of the por�olio is delegated to PSG Mul�­Management (Pty) Ltd an authorized Financial Service Provider under the
Financial Advisory and Intermediary Services Act.2002, FSP 44306. The Manager 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. A schedule of actual annual fees and charges, maximum commissions as well as actual
annual performance figures can be requested from PSG Collec�ve Investments (RF) Ltd. 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. The fund may borrow up to 10% of the market value to bridge insufficient
liquidity.
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. All performance data for a lump sum, net of fees, include income and assumes reinvestment of income on a NAV to NAV
basis. Annualised performances show longer term performance rescaled over a 12 month period. Individual investor performance may differ as a result of ini�al fees, the
actual investment date, the date of the reinvestment and dividend withholding tax. Performance is calculated for the por�olio and individual investor performance may
differ as a result thereof. Actual annual figures are available to the investor on request. Prices are published daily and available on the website: www.psgkglobal.com and in
the daily newspapers. Figures quoted are from Morningstar Inc.
Pricing: Forward pricing is used. Unit trust prices are calculated on a net asset value (NAV) basis, which is the market value of all assets in the Fund including income
accruals less permissible deduc�ons divided by the number of units in issue.
Fees: A schedule of fees and charges and maximum commissions is available on request from the appropriate manager. Commission and incen�ves may be paid and, if so,
are included in the overall costs. Different classes of par�cipatory interest can apply to these por�olios and are subject to different fees, charges and possibly dividend
withholding tax and will have differing performances.
Valua�on point and dealing day:
23h59 on each business day, or the next business day if such day is a non­working day.
Cut­off �mes:
Subscrip�on dealing day:
Redemp�on dealing day:
Conversion no�ce period:
The valua�on point
The valua�on point
Two business days prior to the redemp�on dealing day
Addi�onal informa�on: Addi�onal informa�on is available free of charge on the website: www.psgkglobal.com and may include publica�ons, brochures, applica�on forms
and annual reports. Also refer to the fund’s supplemental scheme par�culars and prospectus for more informa�on.
REPRESENTATIVE OFFICE: PSG Collec�ve Investments (RF) Limited, 1st Floor PSG House, Alphen House, Constan�a Main Road, Constan�a, 7806 , Tel: +27 21 799 8000, Fax: +27 21 799 8181, Website: www.psg.co.za/asset­management
Email: utoff[email protected] ADMINISTRATOR: Vistra Fund Services (Guernsey) Ltd, 11 New Street, St Peter Port, Guernsey, GY1 2PF, Tel: +44 1481 726034, Email: utoff[email protected]
MANAGER: PSG Fund Management (CI) Limited, 11 New Street, St Peter Port, Guernsey, GY1 2PF, Email: utoff[email protected], Tel: +44 1481 726034, Fax: +44 1481 726029
CUSTODIAN: BNP Paribas Securi�es Services SCA, BNP Paribas House, St. Julian's Avenue, St Peter Port, Guernsey GY1 1WA, Tel: +44 (0) 1534 813 800
Date Issued:
7/10/2017