SIS
Disclaimer


      Prices are recorded on each working day and performance is calculated on a daily basis. While every effort has been made to ensure the accuracy of information contained in this website, Acsis Group of Companies (Strategic Investment Service Management Company (RF) (PTY) Ltd and Strategic Investment Service Life Company Limited)(“Acsis Group”) and their associated companies, their directors and employees cannot warrant the accuracy, completeness or correctness of information contained in this website. Save for negligent or fraudulent activity on the part of Acsis Group, Acsis Group shall not be responsible and disclaims all liability for any loss, damage (whether direct or indirect, special or consequential) and/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.

      Disclosure for Unit Trust Investments:

      We aim to treat our clients fairly by giving you the information you need in as simple a way as possible to enable you to make informed decisions about your investments.

      • We believe in the value of sound advice and so recommend that you consult a financial adviser before buying or selling unit trusts. You may however, buy and sell without the help of a financial adviser. If you do use a financial adviser, we remind you that they are entitled to certain negotiable adviser fees or commissions.
      • You should ideally see unit trusts as a medium to long term investment. The fluctuations of particular investment strategies affect how a fund performs. Your fund value may go up or down. Therefore, we cannot guarantee the investment capital or return of your investment. How a fund has performed in the past does not necessarily indicate how it will perform in the future.
      • Our cut-off times for client transactions (e.g. buying and selling) is at 15:00 each working day for all funds, except the Money Market Fund, which is 11:00. We value our funds at 15:00, except for the Money Market Fund which is valued at 13:00. At month-end we value all the SIS Fund of Funds at 17:00 close). Daily prices are available on request from our contact centre (+27 21 524 4410) and in the media.
      • The daily ruling price is based on the current market value of the fund’s assets plus income minus expenses (NAV of the portfolio) divided by the number of units in issue. Strategic Investment Service Management Company (RF) (PTY) Ltd has the right to close a portfolio to new investors in order to manage it more efficiently in accordance with its mandate.
      • You should ideally see unit trusts as a medium to long term investment. The fluctuations of particular investment strategies affect how a fund performs. Your fund value may go up or down. Therefore, we cannot guarantee the investment capital or return of your investment. How a fund has performed in the past does not necessarily indicate how it will perform in the future.
      • Funds may borrow to pay client disinvestments and may engage in scrip lending. A process of ring-fencing of withdrawal instructions and managed pay-outs over time may be followed should excessive withdrawals from a fund place the fund under liquidity pressures.
      • Strategic Investment Service Management Company (RF) (PTY) Ltd is a registered manager in terms of the Collective Investment Schemes Control Act 45 of 2002. The fund fees and costs that we charge for managing your investment is accessible on the relevant fund's minimum disclosure document (MDD) or Table of fees and charges, both available from our contact centre (+27 21 524 4410) or by email request to sisadministrator@oldmutual.com. Strategic Investment Service Management Company (RF) (PTY) Ltd is a subsidiary of Old Mutual, a member of the Association for Savings & Investment South Africa (ASISA).

      Money Market Funds:

      A Money Market Fund is not a bank deposit account. Its unit price aims to be constant but investment capital is not guaranteed. The total return is primarily made up of interest (declared daily at 13:00) but may also include any gain/loss on any particular instrument. In most cases this will merely have the effect of increasing or decreasing the daily yield, but in the case of abnormal losses, it can have the effect of reducing the capital value of the fund. The published yield is calculated using the average of the fund’s previous seven days’ net income (and assumes all income was reinvested). This figure is then annualised, which is the weighted average compound growth rate.

      Fund of Funds:

      A fund of funds is a portfolio that invests in other funds in order to meet the investment objective of the fund of funds. Fund of funds can invest in local, foreign or offshore funds which levy their own charges, and may result in a higher fee structure.

      Funds holding foreign assets:

      Some funds hold assets in foreign countries and therefore may have risks, in these countries, regarding liquidity, the repatriation of funds, political and macro-economic situations, foreign exchange, tax, settlement and the availability of information.