Unit trusts are generally medium- to long-term investments. Past performance is no indication of future growth. It is important that you are prepared for some shorter term fluctuations as your investment moves in line with the markets.
Fluctuations or movements in exchange rates may cause the value of underlying international investments to go up or down. Unit trusts can engage in borrowing and scrip lending. A schedule of fees and charges and maximum commissions is available from the company/intermediary.
You can easily sell your investment at the ruling price of the day (calculated at 15h00 on a forward pricing basis and 17h00 at month-end for Old Mutual RAFI® 40 Tracker Fund, Old Mutual Top 40 Fund and SYm|mETRY Equity Fund of Funds). The Old Mutual Money Market Fund unit price aims to be static but investment capital is not guaranteed. The total return is primarily made up of interest (declared daily at 13h00), but may also include any gain/loss on any particular instrument and this may result in a capital loss in extreme cases. Specialist equity funds may hold a greater risk as exposure limits to a single security may be higher.
A feeder fund portfolio is a portfolio that, apart from assets in liquid form, consists solely of units in a single portfolio of a collective investment scheme. A fund of funds unit trust invests only in other collective investment schemes, which may levy their own charges. Certain funds may be capped in order to be managed in accordance with their mandates. Different classes of units apply to these portfolios and are subject to different fees and charges. Old Mutual (SA) Limited is a member of the Association for Savings & Investment SA.
Awards
Details of any awards are available from Old Mutual Unit Trust Managers Ltd on request.
Initial Charge
An initial charge (from 0% to max 5.7% of the investment amount) is deducted prior to the purchase of units. This charge may include commission (up to 3.42% of the investment amount).
Service Fee
An annual service fee is calculated on the market value of the fund's assets (excluding income and permissible deductions) and deducted from the portfolio on a monthly basis. Four Plus funds and International Growth Fund of Funds may pay a 0.57% commission out of the service fee.
Further fees that may be deducted from the fund's portfolio are compulsory and bank charges, brokerage, marketable securities tax, other taxes and levies, custodian and trustees' fees and audit fees. A schedule of fees and charges and maximum commissions is available from the company/intermediary. The daily price is based on the current value of the fund's assets plus income (minus expenses) divided by the number of units in issue.
TER Lines
The fund's TER reflects the percentage of the average Net Asset Value of the portfolio that was incurred as charges, levies and fees related to the management of the portfolio. A higher TER does not necessarily imply a poor return, nor does a low TER imply a good return. The current TER cannot be regarded as an indication of future TERs.
Performance Disclaimer
Source: Morningstar / OMIGSA. The portfolio performance is calculated on a NAV-NAV basis and does not take any initial fees into account. Income is reinvested on the ex-dividend date. Actual investment performance will differ based on the initial fees applicable, the actual investment date and the date of reinvestment of income. Past performance is not necessarily an indication of future performance.
Liability for Loss
Old Mutual Unit Trusts shall not be responsible and disclaims all liability for any loss, liability, damage (whether direct or consequential) or expense of any nature whatsoever which may be suffered as a result of or which may be attributable, directly or indirectly, to the use of or reliance upon any information, links or service provided through this website.
Email Disclaimer
The news contained in any electronic newsletter should not be regarded as an offer to sell or a solicitation of any offer to buy any investment or to enter into an investment agreement in any jurisdiction. Information and opinions contained therein have been compiled or arrived at by Old Mutual Unit Trusts from sources believed to be reliable, but Old Mutual Unit Trusts does not accept liability for any loss arising from the use thereof nor makes any representation as to their accuracy or completeness.
No liability is accepted by Old Mutual Unit Trusts and no representations are made as to the currency, accuracy or completeness of documents or other material in any electronic newsletter.