Discovery Target Retire 2030 B

The objective of the portfolio is to maximise the total real returns comprising both capital and income. The risk profile of the portfolio will vary over the investment term and will be adjusted to suit the anticipated risk profile of the participating investors, who are expected to retire close to 2030. The investment risk for this portfolio will be moderately aggressive at the launch date, with a notably lower equity and property exposure than the Discovery Target Retirement 2035 Fund, and will be reduced gradually to conservative over the period up to 2030. After 2030 the investment risk will be maintained as conservative. In order to achieve its objective, the manager will invest in a varying mix of asset classes, including JSE listed companies, listed gilts and interest bearing securities, money market instruments, listed property securities, listed derivative instruments, and foreign equities, bonds, cash and listed property as legislation permits. The allocation to each asset class will vary depending on the investment risk adopted for this portfolio from time to time. The allocation of investments to be included in the Discovery 2030 Fund will be appropriate for retirement funds.

Key stats

Management firm  Discovery Life Collective Inv
Domicile  South Africa
Global Branding Name  Discovery
12 month yield  1.69%
Fund currency  ZAR
Net Assets Date  2014-08-31
Net Assets  R273,409,780
Launch Date  2010-07-01
ISIN  ZAE000148250
Manager 1 Name  RĂ¼diger Naumann
Fund Strategy  Other Allocation
Benchmark  SA CPI (Headline)
Fund Structure  Unit Trust
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-08-31
Return - 1 Month  -0.03%
Return - 2 Months  0.55 %
Return - 3 Months  2.55%
Return - 6 Months  6.64 %
Return - 9 months  9.94 %
Return - 12 Months  17.50%
Annualized return 24 months  13.56 %
Annualized return 36 months  13.24 %
Annualized return 48 months  12.37 %
Annualized return 60 months  0.00 %
Return 120 months  0.00 %
Annualized return since Inception  12.77%
Return YTD  7.61%

Charges

Initial  0.29 %
Minimum Investment  R10,000,000
Maximum Managment Charge  0.97 %
Exit charge  0.00 %
Performance Fee  0.00 %

Contact

Contact Address  PO Box 786722, Sandton
Contact Address 2  2146
Contact city  Johannesburg
Contact country  South Africa
Fund Admin Group  Discovery Life Collective Inv
Web Address  www.discovery.co.za
Phone  +27 (0)11 529 2888

Price

Last Price Date  2014-09-19
Pre-tax nav  1.46
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  R0.01
Price change (percentage)  0.34 %
Guaranteed NAV  0.00000
Close Price  0.00

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Ratings Disclaimer

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