15
Section 1 – Selecting your own Investment Choices Discovery Funds Performance Summary 6 months 1 year 3 years 5 years Since inception inception Discovery Balanced Fund (A) Yes 05-Nov-07 5.20% 9.07% 6.83% 10.30% 177.34% 1.92% 0.20% Discovery Cautious Balanced Fund Yes 07-Mar-11 5.10% 9.74% 7.24% 8.78% 87.65% 1.62% 0.11% Discovery Diversified Income Fund Yes 05-Nov-07 3.94% 8.47% 7.88% 7.46% 121.27% 1.15% 0.02% Discovery Dynamic Equity Fund No 20-Feb-13 2.87% 8.45% 5.95% 8.62% 64.27% 1.88% 0.40% Discovery Equity Fund No 05-Nov-07 3.00% 8.38% 8.65% 6.44% 119.93% 1.88% 0.39% Discovery Flexible Property Fund No 05-Nov-07 -1.73% -9.12% 0.19% 9.37% 234.29% 1.43% 0.09% Discovery Global Balanced Fund of Funds No 05-Nov-07 22.98% 17.41% 9.29% 12.51% 185.16% 1.83% 0.09% Discovery Global Equity Feeder Fund No 05-Nov-07 24.05% 23.39% 11.22% 14.84% 177.54% 1.96% 0.07% Discovery Global Real Estate Securities Feeder Fund No 30-Jul-15 31.37% 16.32% 6.42% - 21.11% 1.69% 0.05% Discovery Global Value Equity Feeder Fund No 20-Feb-13 25.78% 28.61% 16.24% 17.56% 168.16% 2.03% 0.11% Discovery Moderate Balanced Fund Yes 01-Aug-12 4.62% 8.64% 7.04% 9.58% 85.29% 1.63% 0.18% Discovery Money Market Fund Yes 05-Nov-07 3.55% 7.32% 7.32% 6.70% 108.15% 0.57% 0.00% Discovery Worldwide Best Ideas Fund No 20-May-15 12.75% 10.98% 4.46% 12.82% 136.13% 2.18% 0.48% Discovery Target Retirement 2010 Fund Yes 07-Nov-07 5.84% 9.33% 6.05% 8.34% 132.39% 2.36% 0.17% Discovery Target Retirement 2015 Fund Yes 07-Nov-07 5.57% 9.35% 6.21% 8.74% 136.61% 2.05% 0.16% Discovery Target Retirement 2020 Fund Yes 07-Nov-07 5.05% 8.52% 6.05% 8.94% 133.33% 1.97% 0.18% Discovery Target Retirement 2025 Fund Yes 07-Nov-07 5.09% 7.87% 6.02% 9.39% 133.10% 1.95% 0.20% Discovery Target Retirement 2030 Fund Yes 07-Nov-07 5.40% 8.20% 6.12% 9.66% 128.98% 1.94% 0.23% Discovery Target Retirement 2035 Fund Yes 07-Nov-07 5.40% 7.43% 5.83% 9.49% 124.20% 1.94% 0.26% Discovery Target Retirement 2040 Fund Yes 07-Nov-07 5.06% 6.80% 5.69% 9.64% 108.81% 1.95% 0.28% Discovery Target Retirement 2045 Fund Yes 30-Nov-10 5.19% 6.93% 5.73% 9.76% 94.69% 1.94% 0.30% Discovery Target Retirement 2050 Fund Yes 20-May-15 4.53% 6.66% 5.13% - 14.86% 2.28% 0.35% Total Expense Ratio (TER) Transaction Cost (TC) Single Manager Target Retirement Date Discovery Fund performances as at 31 August 2018 Preserver Plan Retirement Income Plan Fund Name Flexible Investment Plan Endowment Plan Retirement Plan Performance Regulation 28 Compliant Inception date Discovery Retirement Optimiser Group Retirement Plan Discovery Global Value Equity Feeder Fund 17.56% Five - year return Discovery Balanced Fund 10.30% Five - year return CROCI Europe 15.09% Five - year return Discovery Global Equity Feeder Fund 14.84% Five - year return CROCI Japan 15.76% Five - year return Discovery Invest Local Fund List

Discovery Invest Local Fund List · Discovery Target Retirement 2015 Fund Yes 07-Nov-07 5.57% 9.35% 6.21% 8.74% 136.61% 2.05% 0.16% ... year return Discovery Invest Local Fund List

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Page 1: Discovery Invest Local Fund List · Discovery Target Retirement 2015 Fund Yes 07-Nov-07 5.57% 9.35% 6.21% 8.74% 136.61% 2.05% 0.16% ... year return Discovery Invest Local Fund List

Section 1 – Selecting your own Investment Choices

Discovery Funds

Performance Summary

6 months 1 year 3 years 5 years Since

inception

inception

Discovery Balanced Fund (A) Yes 05-Nov-07 5.20% 9.07% 6.83% 10.30% 177.34% 1.92% 0.20%

Discovery Cautious Balanced Fund Yes 07-Mar-11 5.10% 9.74% 7.24% 8.78% 87.65% 1.62% 0.11%

Discovery Diversified Income Fund Yes 05-Nov-07 3.94% 8.47% 7.88% 7.46% 121.27% 1.15% 0.02%

Discovery Dynamic Equity Fund No 20-Feb-13 2.87% 8.45% 5.95% 8.62% 64.27% 1.88% 0.40%

Discovery Equity Fund No 05-Nov-07 3.00% 8.38% 8.65% 6.44% 119.93% 1.88% 0.39%

Discovery Flexible Property Fund No 05-Nov-07 -1.73% -9.12% 0.19% 9.37% 234.29% 1.43% 0.09%

Discovery Global Balanced Fund of Funds No 05-Nov-07 22.98% 17.41% 9.29% 12.51% 185.16% 1.83% 0.09%

Discovery Global Equity Feeder Fund No 05-Nov-07 24.05% 23.39% 11.22% 14.84% 177.54% 1.96% 0.07%

Discovery Global Real Estate Securities Feeder Fund No 30-Jul-15 31.37% 16.32% 6.42% - 21.11% 1.69% 0.05%

Discovery Global Value Equity Feeder Fund No 20-Feb-13 25.78% 28.61% 16.24% 17.56% 168.16% 2.03% 0.11%

Discovery Moderate Balanced Fund Yes 01-Aug-12 4.62% 8.64% 7.04% 9.58% 85.29% 1.63% 0.18%

Discovery Money Market Fund Yes 05-Nov-07 3.55% 7.32% 7.32% 6.70% 108.15% 0.57% 0.00%

Discovery Worldwide Best Ideas Fund No 20-May-15 12.75% 10.98% 4.46% 12.82% 136.13% 2.18% 0.48%

Discovery Target Retirement 2010 Fund Yes 07-Nov-07 5.84% 9.33% 6.05% 8.34% 132.39% 2.36% 0.17%

Discovery Target Retirement 2015 Fund Yes 07-Nov-07 5.57% 9.35% 6.21% 8.74% 136.61% 2.05% 0.16%

Discovery Target Retirement 2020 Fund Yes 07-Nov-07 5.05% 8.52% 6.05% 8.94% 133.33% 1.97% 0.18%

Discovery Target Retirement 2025 Fund Yes 07-Nov-07 5.09% 7.87% 6.02% 9.39% 133.10% 1.95% 0.20%

Discovery Target Retirement 2030 Fund Yes 07-Nov-07 5.40% 8.20% 6.12% 9.66% 128.98% 1.94% 0.23%

Discovery Target Retirement 2035 Fund Yes 07-Nov-07 5.40% 7.43% 5.83% 9.49% 124.20% 1.94% 0.26%

Discovery Target Retirement 2040 Fund Yes 07-Nov-07 5.06% 6.80% 5.69% 9.64% 108.81% 1.95% 0.28%

Discovery Target Retirement 2045 Fund Yes 30-Nov-10 5.19% 6.93% 5.73% 9.76% 94.69% 1.94% 0.30%

Discovery Target Retirement 2050 Fund Yes 20-May-15 4.53% 6.66% 5.13% - 14.86% 2.28% 0.35%

Total Expense Ratio

(TER)

Transaction Cost

(TC)

Single Manager

Target Retirement Date

Discovery Fund performances as at 31 August 2018

Preserver Plan Retirement

Income Plan

Fund Name Flexible

Investment

Plan

Endowment

Plan

Retirement Plan Performance Regulation

28

Compliant

Inception

date

Discovery

Retirement

Optimiser

Group

Retirement

Plan

Discovery Global Value Equity Feeder Fund

17.56%

Five - year return

Discovery Balanced Fund

10.30%

Five - year return

CROCI Europe

15.09%

Five - year return

Discovery Global Equity Feeder Fund

14.84%

Five - year return

CROCI Japan

15.76%

Five - year return

Discovery Invest Local Fund List

Page 2: Discovery Invest Local Fund List · Discovery Target Retirement 2015 Fund Yes 07-Nov-07 5.57% 9.35% 6.21% 8.74% 136.61% 2.05% 0.16% ... year return Discovery Invest Local Fund List

6 months 1 year 3 years 5 years Since

inception

inception

Total Expense Ratio

(TER)

Transaction Cost

(TC)

Preserver Plan Retirement

Income Plan

Fund Name Flexible

Investment

Plan

Endowment

Plan

Retirement Plan Performance Regulation

28

Compliant

Inception

date

Discovery

Retirement

Optimiser

Group

Retirement

Plan

Discovery Medical 2025 Fund Yes 16-Jan-17 1.32% 3.18% - - 5.36% 1.48% 0.02%

Discovery Medical 2030 Fund Yes 16-Jan-17 2.11% 3.97% - - 7.40% 1.51% 0.02%

Discovery Medical 2035 Fund Yes 16-Jan-17 2.58% 4.58% - - 8.92% 1.52% 0.03%

Discovery Medical 2040 Fund Yes 16-Jan-17 2.81% 4.87% - - 9.63% 1.53% 0.03%

Discovery Medical 2045 Fund Yes 16-Jan-17 2.81% 4.87% - - 9.65% 1.53% 0.03%

Discovery Medical 2050 Fund Yes 16-Jan-17 2.82% 4.87% - - 9.62% 1.53% 0.03%

Discovery Medical 2055 Fund Yes 16-Jan-17 2.82% 4.88% - - 9.62% 1.53% 0.03%

CROCI Europe No 05-Nov-07 19.46% 14.79% 15.65% 15.09% 166.22% 1.48% 0.00%

CROCI Japan No 05-Nov-07 20.11% 20.42% 16.54% 15.76% 210.77% 1.48% 0.00%

CROCI UK No 05-Nov-07 27.57% 26.43% 2.30% 7.57% 145.41% 1.48% 0.00%

CROCI US - capped No 05-Nov-07 28.92% 30.15% 18.51% 19.07% 458.49% 1.48% 0.00%

Discovery Top 40+ Fund No 01-Sep-14 4.70% 7.81% 8.27% - 26.39% 0.15% 0.04%

Discovery Aggressive SA Portfolio - capped Yes 01-Aug-05 -1.04% 2.97% 4.38% 6.35% 275.40% - -

Discovery Conservative SA Portfolio - capped Yes 01-Aug-05 -0.53% 3.45% 5.49% 6.96% 225.34% - -

Discovery Moderate SA Portfolio - capped Yes 01-Aug-05 -1.12% 2.23% 4.37% 6.54% 253.10% - -

Discovery Aggressive Multinational Portfolio - capped Yes 01-Jul-16 6.09% 8.87% - - 14.56% - -

Discovery Conservative Multinational Portfolio - capped Yes 01-Jul-16 2.18% 3.12% - - 7.39% - -

Discovery Moderate Multinational Portfolio - capped Yes 01-Jul-16 4.13% 3.54% - - 6.21% - -

Discovery Aggressive Dynamic Asset Optimiser Fund of Funds Yes 23-Nov-15 6.18% 9.92% - - 19.87% 1.97% 0.24%

Discovery Conservative Dynamic Asset Optimiser Fund of Funds Yes 23-Nov-15 6.27% 10.36% - - 21.95% 1.63% 0.10%

Discovery Moderate Dynamic Asset Optimiser Fund of Funds Yes 23-Nov-15 6.95% 10.78% - - 22.75% 1.82% 0.17%

Discovery Aggressive Dynamic Asset Optimiser Drawdown Fund Yes 23-Mar-17 6.12% 10.01% - - 13.02% 2.01% 0.29%

Discovery Conservative Dynamic Asset Optimiser Drawdown

Fund Yes 23-Mar-17 6.14% 9.38% - - 12.50% 1.55% 0.12%

Discovery Moderate Dynamic Asset Optimiser Drawdown Fund Yes 23-Mar-17 6.80% 10.60% - - 13.82% 1.91% 0.22%

Medical Investment Funds

Specialised funds

Multi-Manager Funds

Dynamic Optimiser Funds

Page 3: Discovery Invest Local Fund List · Discovery Target Retirement 2015 Fund Yes 07-Nov-07 5.57% 9.35% 6.21% 8.74% 136.61% 2.05% 0.16% ... year return Discovery Invest Local Fund List

6 months 1 year 3 years 5 years Since

inception

inception

Total Expense Ratio

(TER)

Transaction Cost

(TC)

Preserver Plan Retirement

Income Plan

Fund Name Flexible

Investment

Plan

Endowment

Plan

Retirement Plan Performance Regulation

28

Compliant

Inception

date

Discovery

Retirement

Optimiser

Group

Retirement

Plan

Discovery 140:40 Accelerator (December Tranche) - capped No 01-Dec-13 - -

Discovery 140:40 Accelerator (April Tranche) – capped No 01-Apr-14 - -

Discovery Capital 200+ (July 2014 Tranche) – capped No 17-Jul-14 - -

Discovery Capital 200+ (March 2015 Tranche) – capped No 27-Mar-15 - -

Discovery Capital 200+ (May 2017 Tranche) – capped No 19-May-17 - -

Discovery Capital 200+ (June 2018 Tranche) No 09-Apr-18 - -

Discovery Global Property+ - capped No 19-Dec-14 - -

Discovery Enhanced Yield Fund – capped No 07-Jul-17 - -

Discovery Dollar Capital Plus ( April 2016 tranche) – capped No 15-Apr-16 - -

Discovery Dollar Capital Plus ( December 2017 tranche) – capped No 15-Dec-17 - -

Discovery Europe High Five Fund – capped No 09-Oct-15 - -

Please see monthly performance report at www.discovery.co.za*

Please see monthly performance report at www.discovery.co.za*

Structured Notes

Please see monthly performance report at www.discovery.co.za*

Please see monthly performance report at www.discovery.co.za*

Please see monthly performance report at www.discovery.co.za*

Please see monthly performance report at www.discovery.co.za*

Please see monthly performance report at www.discovery.co.za*

FAIS notice and disclaimer

Performances are based on a lump sum invested. Individual investor’s performance may differ as a result of fees, investment date and dividend withholding tax. While some performances are based on valuation prices other performances are based on total return prices. Actual trade prices may differ marginally.Total Expense Ratio means a measure of a portfolio's assets that have been expended as payment for services rendered in the management of

the portfolio or collective investment scheme, expressed as a percentage of the average daily value of the portfolio or collective investment scheme calculated over a period of a financial year by the manager of the portfolio or collective investment scheme. The current TER cannot be regarded as an indication of the future TERs. The TER for Escalator Funds includes the annual Protector Premium applicable to that fund which provides the 80% higher value

Escalator guarantee. Transaction Costs are a necessary cost in administering the fund and impacts the fund’s returns. It should not be considered in isolation as returns may be impacted by many other factors over time including market returns, the type of fund, the investment decisions of the investment manager and the TER. Note that where a fund is less than one year old since inception, the TER and Transaction Costs cannot be determined accurately

because of the short life span of the fund and calculations are based on actual data where possible and best estimates where actual data is not available. The TER and Transaction Costs shown are the latest available figures. Some funds are not unit trusts therefore are not regulated by the Collective Investment Schemes Control Act. Past performance is not a guide to the future and may not be repeated.

The Escalator Funds are linked to equity linked notes supplied to Discovery Life by the respective bank. The price of each escalator is determined solely by reference to the price of the equity linked note supplied to Discovery Life by the bank. The guarantee in the fund is also provided by the bank, and is effectively a floor on the fund price. Discovery Life holds equity linked notes for the purposes of matching each policy with the correct underlying investment.

Investors should be aware that they are facing the credit risk of the bank in question. The assets underlying the Discovery Life Escalator Funds are held on Discovery Life’s balance sheet (Discovery Life Nominees), except for the instrument that provides the 80% guarantee, which will still be provided by Deutsche Bank. This means that you bear the risk if the Escalator Fund falls below 80% of the highest value ever reached (the guarantee level) and Deutsche

Bank is unable to meet the guarantee for any reason whatsoever.

Collective investment schemes in securities (CIS) are generally medium to long term investments. With regard to the money market fund, the price of each unit is aimed at a constant value. With regards to the Discovery Money Market Funds, the total return to the investor is primarily made up of interest received but may also include any gain or loss made on any particular instrument – in most cases this will merely have the effect of increasing or

decreasing the daily yield, but in an extreme case it can have the effect of reducing the capital value of the Fund. With regards to a Fund of Funds portfolio, a Fund of Funds is a portfolio that invests in portfolios of collective investment schemes, which levy their own charges, which could result in a higher fee structure for these portfolios. With regards to a feeder fund portfolio, a feeder fund is a portfolio that, apart from assets in liquid form, consists solely

of participatory interests in a single portfolio of collective investment scheme, which levies its own charges and which could result in a higher fee structure for a feeder fund. The value of participatory interests (units) may go down as well as up. Fund prices are published each business day (with a 3 day lag) on www.discovery.co.za. Fluctuations or movements in exchange rates may cause the value of underlying international investments to go up or down.

The manager does not provide any guarantee either with respect to the capital or the return of a portfolio. The portfolio manager may borrow up to 10% of the market value of the portfolio to bridge insufficient liquidity. CIS are traded at ruling prices and can engage in borrowing and scrip lending. Forward pricing is used. Unit trust prices are calculated on a net asset value basis, which is the total value of all assets in the portfolio including any income

accrual and less any permissible deductions from the portfolio. All portfolios are valued on a daily basis on any business day at 16H00, with the exception at month end, when portfolios are valued at 17H00. Investments and repurchases will receive the same price for that day if received prior to 11H00 for the money market portfolio and 14H30 for the other portfolios. Portfolios may be closed in order to be managed in accordance with the mandate (if

applicable). Different classes of units apply to funds and are subject to different fees and charges. Quantifiable deductions are the initial fee whilst non-quantifiable deductions included in the net asset value price may comprise brokerage, MST, auditor’s fees, bank charges, trustee and custodian fees. Commissions and incentives may be paid and if so, would be included in the overall costs. A schedule of fees and charges and maximum commissions is

available on request from Discovery Life Collective Investments (Pty) Ltd.

This information is not advice as defined and contemplated in the Financial Advisory and Intermediary Services Act, 37 of 2002, as amended. Discovery Life shall not be liable for any actions taken by any person based on the correctness of this information. Discovery Life Collective Investments (Pty) Ltd is a member of the Association of Savings and Investments of South Africa (ASISA). Discovery Life is a licensed financial service provider in terms of Section 8

Three-year and five-year performance data is annualised with since inception data being cumulative. Discovery Single Manager Funds and Target Retirement Date Funds since inception data is measured since each fund’s first completed month. The historic performance data for the Discovery Life Escalator Funds contains information from the relevant Discovery Escalator Fund up to the date when the fund was converted to the

Discovery Life Escalator Fund. The historic performance data for the Discovery Worldwide Best Ideas Fund contains information from the Discovery Best Ideas Fund up to the date when the fund was converted to the Discovery Worldwide Best Ideas Fund on 15/07/2015.

Dynamic Asset Optimiser performances shown are for the Discovery choice option.

1 The fee for the Discovery Balanced Fund has increased by 0.25%. Our expectation is therefore that the TER will increase.

2 The fee for the Discovery Cautious Balanced Fund has decreased by 0.25%. Our expectation is therefore that the TER will decrease.

*Please note that if you are invested in a structured fund, the unit prices shown on your Fund statements will reflect the early surrender value if you were to sell or switch out before the fund’s maturity date. The unit prices therefore do not reflect the performance that you will get if you hold the structured fund until its maturity date. Please see the monthly performance reports of each structured fund for their respective performance. Performance reports

for each structured fund are available on the Discovery Invest website under Discovery Invest Funds at https://www.discovery.co.za/portal/individual/invest-choose-funds-discovery-invest. Please note that you must be logged in to view these performance reports.

Please see monthly performance report at www.discovery.co.za*

Please see monthly performance report at www.discovery.co.za*

Please see monthly performance report at www.discovery.co.za*

Please see monthly performance report at www.discovery.co.za*

Page 4: Discovery Invest Local Fund List · Discovery Target Retirement 2015 Fund Yes 07-Nov-07 5.57% 9.35% 6.21% 8.74% 136.61% 2.05% 0.16% ... year return Discovery Invest Local Fund List

Discovery Escalator Funds

6 months 1 year 3 years 5 years Since

inception

inception

Discovery Life Escalator - Discovery Balanced Fund Yes 15-Oct-12 233.71 185.69 3.95% 7.02% 5.01% 8.26% 133.71% 2.86% 0.18%

Discovery Life Escalator - Discovery Dynamic Equity Fund No 26-Feb-13 145.86 120.67 1.63% 5.47% 3.62% 6.45% 45.86% 2.49% 0.27%

Discovery Life Escalator - Discovery Equity Fund No 15-Oct-12 166.26 137.17 1.85% 6.07% 5.09% 3.87% 66.26% 2.63% 0.30%

Discovery Life Escalator - Discovery Global Balanced Fund of Funds No 15-Oct-12 196.41 156.42 14.82% 12.75% 6.12% 9.10% 96.41% 2.47% 0.06%

Discovery Life Escalator - Discovery Global Equity Feeder Fund No 15-Oct-12 203.50 161.12 15.87% 16.35% 6.95% 10.15% 103.50% 2.48% 0.04%

Discovery Life Property Escalator No 15-Oct-12 287.25 238.91 7.68% 3.30% 3.28% 7.97% 187.25% 2.27% 0.05%

Discovery Geared Escalator - Discovery Balanced Fund No 05-Nov-07 258.15 204.58 4.74% 8.00% 5.41% 9.63% 158.15% 3.30% 0.24%

Discovery Geared Escalator - Discovery Equity Fund No 05-Nov-07 158.36 133.95 0.73% 4.46% 4.04% 2.98% 58.36% 2.47% 0.31%

Discovery Geared Escalator - Discovery Flexible Property Fund - capped No 05-Nov-07 269.06 247.96 -0.09% -6.26% -2.47% 5.70% 169.06% 2.12% 0.07%

Discovery Geared Escalator-Discovery Global Balanced Fund of Funds No 05-Nov-07 200.07 173.42 11.98% 8.85% 3.23% 9.04% 100.07% 2.42% 0.07%

Discovery Geared Escalator - Discovery Global Equity Feeder Fund No 05-Nov-07 183.79 155.14 11.89% 10.09% 2.33% 8.29% 83.79% 2.21% 0.04%

Discovery Escalator - Discovery Balanced Fund No 15-Nov-07 248.11 155.14 4.56% 7.86% 5.67% 9.10% 148.11% 2.92% 0.20%

Discovery Escalator - Discovery Dynamic Equity Fund No 11-Mar-13 139.90 98.33 1.17% 5.05% 3.36% 6.30% 39.90% 2.26% 0.27%

Discovery Escalator - Discovery Equity Fund No 15-Nov-07 159.72 155.14 0.58% 4.56% 4.04% 3.03% 59.72% 2.47% 0.31%

Discovery Escalator - Discovery Global Equity Feeder Fund No 15-Nov-07 200.55 155.14 14.65% 12.92% 4.31% 9.93% 100.55% 2.33% 0.05%

Discovery Escalator - Discovery Global Balanced Fund of Funds No 15-Nov-07 199.20 155.14 16.93% 12.54% 4.39% 9.02% 99.20% 2.58% 0.08%

Discovery Life RSA Escalator Fund No 30-Nov-12 2.68 156.59 0.98% 3.51% 4.10% 5.05% 167.72% 1.90% 0.02%

Discovery Global Escalator Fund (with ZAR underpin) No 15-Aug-05 2.83 155.14 13.72% 13.90% 8.06% 9.22% 182.55% - -

Discovery Life Escalator - Allan Gray Balanced Fund - capped Yes 15-Nov-07 240.40 191.41 4.74% 7.37% 7.99% 8.25% 140.40% 2.51% 0.07%

Discovery Life Escalator - Allan Gray Equity Fund - capped No 15-Nov-07 220.16 177.42 3.04% 7.11% 6.67% 7.63% 120.16% 2.69% 0.05%

Discovery Life Escalator - Allan Gray Orbis Global Fund of Funds - capped No 15-Nov-07 260.14 213.40 10.08% 10.26% 8.38% 8.95% 160.14% 2.72% 0.10%

Discovery Life Escalator - Coronation Balanced Plus Fund Yes 15-Nov-07 247.37 201.20 3.35% 4.34% 4.55% 6.84% 147.37% 2.14% 0.12%

Discovery Life Escalator - Coronation Market Plus Fund No 15-Nov-07 252.82 210.54 2.58% 1.63% 5.11% 6.58% 152.82% 2.07% 0.14%

Discovery Life Escalator - Coronation Top 20 Fund No 15-Nov-07 207.17 175.70 -0.30% -0.05% 3.46% 4.45% 107.17% 1.66% 0.16%

Discovery Life Escalator - Foord Equity Fund - capped No 26-Feb-13 139.72 120.80 2.13% -1.07% 0.36% 4.84% 39.72% 1.44% 0.08%

Discovery Life Escalator - Investec Opportunity Fund Yes 26-Feb-13 153.38 121.31 9.03% 10.01% 7.49% 7.77% 53.38% 2.17% 0.03%

Discovery Life Escalator - Investec Property Equity Fund - capped No 15-Nov-07 250.17 217.92 0.20% -2.76% 1.68% 6.29% 150.17% 1.83% 0.04%

Discovery Life Escalator - Investec Value Fund No 15-Nov-07 156.91 147.49 -0.85% -5.61% 6.82% 5.23% 56.91% 2.35% 0.16%

Discovery Life Escalator - Nedgroup Investments Managed Fund Yes 15-Nov-07 149.85 130.23 2.32% 2.73% 2.05% 0.71% 49.85% 1.84% 0.18%

Discovery Life Escalator - Nedgroup Investments Rainmaker Fund No 15-Nov-07 186.18 156.59 -1.39% 1.91% 2.84% 5.79% 86.18% 2.08% 0.13%

Discovery Life Escalator - Satrix Divi Fund No 26-Feb-13 111.45 98.33 -5.98% 5.37% 3.46% 3.20% 11.95% 1.48% 0.02%

Discovery Geared Escalator - Allan Gray Balanced Fund - capped No 15-Nov-07 261.30 208.38 5.85% 8.26% 9.13% 9.43% 161.30% 2.84% 0.10%

Discovery Geared Escalator - Allan Gray Equity Fund - capped No 15-Nov-07 209.36 173.99 2.14% 6.09% 4.67% 6.61% 109.36% 3.15% 0.07%

Discovery Geared Escalator - Allan Gray Orbis Global Fund of Funds - capped No 15-Nov-07 281.11 240.44 10.14% 8.24% 7.55% 9.49% 181.11% 2.93% 0.12%

Discovery Geared Escalator - Coronation Balanced Plus Fund No 15-Nov-07 276.98 227.50 4.25% 4.77% 5.52% 8.01% 176.98% 2.38% 0.17%

Discovery Geared Escalator - Coronation Market Plus Fund No 15-Nov-07 281.93 240.30 2.42% -0.50% 5.67% 7.43% 181.93% 2.29% 0.19%

Preserver

Plan

Retirement

Income Plan

Discovery

Retirement

Optimiser

Internal Escalator Funds

External Escalator Funds

Unit Price Guaranteed

Unit Price

Group

Retirement

Plan

Regulation

28

Compliant

Inception

date

Performance Total Expense

Ratio (TER)

Transaction Cost

(TC)

Fund Name Flexible

Investment

Plan

Endowment

Plan

Retirement

Plan

Page 5: Discovery Invest Local Fund List · Discovery Target Retirement 2015 Fund Yes 07-Nov-07 5.57% 9.35% 6.21% 8.74% 136.61% 2.05% 0.16% ... year return Discovery Invest Local Fund List

Discovery Geared Escalator - Coronation Top 20 Fund No 15-Nov-07 188.38 174.22 -2.63% -5.07% 0.64% 2.30% 88.38% 1.40% 0.17%

Discovery Geared Escalator - Investec Property Equity Fund No 15-Nov-07 243.88 226.06 0.51% -5.56% -2.52% 5.63% 143.88% 2.05% 0.05%

Discovery Geared Escalator - Investec Value Fund No 15-Nov-07 154.34 150.27 0.28% -3.39% 5.96% 5.10% 54.34% 2.35% 0.19%

Discovery Geared Escalator - Nedgroup Investments Managed Fund No 15-Nov-07 152.22 140.54 1.86% 1.15% 2.06% 0.33% 52.22% 1.53% 0.20%

Discovery Geared Escalator - Nedgroup Investments Rainmaker Fund No 15-Nov-07 174.21 156.08 -3.97% -2.66% -0.23% 4.21% 74.21% 1.95% 0.14%

External Escalator Funds

Page 6: Discovery Invest Local Fund List · Discovery Target Retirement 2015 Fund Yes 07-Nov-07 5.57% 9.35% 6.21% 8.74% 136.61% 2.05% 0.16% ... year return Discovery Invest Local Fund List

External Funds

6 months 1 year 3 years 5 years Since inception

inception

1st Fusion CI Guarded Fund (B1) Yes 02-Feb-15 5.31% 4.31% 4.61% - 14.67% 1.59% 0.17%

1st Fusion CI Temperate Fund (B1) Yes 02-Feb-15 4.99% 5.16% 4.85% - 14.92% 1.61% 0.20%

27four Asset Select Prescient Fund of Funds (A2) * Yes 04-Sep-12 5.96% 7.24% 6.21% 8.71% 60.49% 1.37% 0.09%

27four Balanced Prescient Fund of Funds (A1) * Yes 17-Nov-08 6.45% 7.87% 6.89% 9.18% 207.63% 1.31% 0.04%

27four Stable Prescient Fund of Funds (A1) * Yes 17-Nov-08 7.22% 9.06% 7.63% 8.99% 165.16% 1.30% 0.03%

4D BCI Aggressive Flexible Fund of Funds (A) * No 05-Jul-12 9.51% 9.50% -10.34% -2.43% 8.69% 2.29% 0.31%

4D BCI Cautious Fund of Funds (A) * Yes 26-Sep-11 4.61% 6.74% 5.87% 7.12% 69.39% 1.93% 0.12%

4D BCI Moderate Fund of Funds (A) * Yes 26-Sep-11 4.75% 6.28% 4.58% 6.64% 81.13% 1.99% 0.28%

Absa Balanced Fund (C1) Yes 01-Jun-94 7.98% 8.61% 6.44% 7.45% 722.18% 1.90% 0.20%

Absa Multi Managed Preserver Fund of Funds C Yes 08-Feb-07 4.90% 5.06% 7.18% 7.99% 80.14% 0.93% 0.01%

Allan Gray Balanced Fund (C) Yes 01-Oct-99 6.09% 9.33% 10.09% 10.28% 1850.71% 1.53% 0.08%

Allan Gray Equity Fund (C) No 01-Oct-98 4.53% 10.00% 10.08% 11.23% 5687.74% 2.08% 0.07%

Allan Gray Optimal Fund (C) No 01-Oct-02 4.97% 6.79% 6.82% 8.23% 240.76% 1.40% 0.13%

Allan Gray Orbis Global Equity Feeder Fund (A) No 01-Apr-05 13.53% 15.77% 17.05% 16.10% 606.75% 1.97% 0.14%

Allan Gray Orbis Global Fund of Funds (A) No 03-Feb-04 16.35% 13.06% 12.88% 12.77% 405.67% 2.04% 0.13%

Allan Gray Stable Fund (C) Yes 01-Jul-00 7.10% 11.18% 10.50% 9.39% 726.91% 1.42% 0.08%

Allan Gray Tax-Free Balanced Fund Class (C) Yes 01-Jul-00 6.30% 9.89% - - 27.01% - -

Amity BCI Conserver Fund of Funds (A) * Yes 05-Feb-08 4.60% 6.81% 6.15% 7.58% 137.24% 2.24% 0.11%

Amity BCI Flexible Growth Fund of Funds (A) * No 05-Feb-08 4.47% 7.96% 5.03% 7.17% 161.25% 2.24% 0.37%

Amity BCI Prudent Fund of Funds (A) * Yes 05-Feb-08 4.60% 5.60% 4.81% 6.67% 133.26% 2.23% 0.17%

Anchor BCI Equity Fund (A) * No 02-Apr-13 1.40% 2.08% 2.68% 13.06% 100.59% 1.18% 0.76%

Anchor BCI Managed Fund (A) * Yes 03-Feb-15 3.41% 3.50% 4.43% - 19.60% 1.68% 0.58%

Bovest BCI Conservative Fund of Funds (A) Yes 12-Aug-14 4.02% 4.63% 5.38% - 21.58% 1.95% 0.10%

Bovest BCI Managed Fund of Funds (A) Yes 12-Aug-14 4.16% 5.89% 5.90% - 20.85% 1.99% 0.23%

Bovest BCI Worldwide Flexible Fund of Funds (A) No 18-Feb-15 12.31% 10.58% 7.77% - 25.82% 2.51% 0.20%

BCI Best Blend Global Equity Fund of Funds (A) * No 01-Oct-08 16.26% 13.61% 8.28% 9.95% 178.43% 0.00% 0.00%

Caleo BCI Worldwide Opportunities Fund of Funds (C) Yes 01-Oct-07 2.82% -3.29% 2.42% 5.91% 98.01% 2.16% 0.47%

*not available on the Discovery Classic Flexible Investment Plan

Caleo

4D BCI

Absa Asset Management

Allan Gray

Amity BCI

Anchor Capital

BCI

Inception

date

Performance Total Expense Ratio

(TER)

Transaction Cost

(TC)

1st Fusion

27four

Fund Name Flexible

Investment

Plan

Endowment

Plan

Retirement Plan Preserver Plan Retirement

Income Plan

Discovery

Retirement

Optimiser

Group

Retirement

Plan

Regulation

28 Compliant

Bovest

Page 7: Discovery Invest Local Fund List · Discovery Target Retirement 2015 Fund Yes 07-Nov-07 5.57% 9.35% 6.21% 8.74% 136.61% 2.05% 0.16% ... year return Discovery Invest Local Fund List

6 months 1 year 3 years 5 years Since inception

inception

Coronation Balanced Defensive Fund (P) Yes 01-Feb-07 6.92% 8.14% 7.59% 8.70% 207.57% 1.22% 0.05%

Coronation Balanced Plus Fund (P) Yes 15-Apr-96 4.72% 6.26% 6.90% 9.07% 2125.97% 1.15% 0.14%

Coronation Bond Fund (P) No 01-Aug-97 -2.01% 7.72% 9.04% - 29.05% 0.43% 0.00%

Coronation Capital Plus Fund (P) Yes 02-Jul-01 6.04% 6.02% 6.22% 7.51% 658.11% 1.15% 0.06%

Coronation Equity Fund (P) No 15-Apr-96 0.78% 2.84% 7.03% 8.89% 712.04% 0.76% 0.20%

Coronation Financial Fund (P) No 01-Jul-98 -2.06% 10.81% - - 19.60% 1.20% 0.21%

Coronation Global Managed (ZAR) Feeder Fund (P) No 29-Oct-09 22.41% 13.93% 10.45% 12.65% 154.11% 1.12% 0.16%

Coronation Global Opportunity Equity (ZAR) Feeder Fund (P) No 01-Aug-97 24.78% 26.55% 13.92% 17.21% 1271.75% 1.84% 0.12%

Coronation Jibar Plus Fund (P) No 03-Apr-00 4.08% 8.37% 8.17% - 30.10% 0.31% 0.00%

Coronation Market Plus Fund (P) No 02-Jul-01 3.78% 2.63% 7.42% 8.76% 1199.19% 1.08% 0.16%

Coronation Optimum Growth Fund (P) No 15-Mar-99 15.40% 10.14% 13.52% 13.19% 1354.78% 0.98% 0.17%

Coronation Property Equity Fund (P) No 20-Nov-00 0.36% -5.83% 1.45% - 4.76% 1.15% 0.06%

Coronation Resources Fund (P) No 01-Oct-99 14.26% 18.04% 22.00% 8.09% 1644.05% 1.31% 0.41%

Coronation Strategic Income Fund (P) Yes 02-Jul-01 4.22% 8.31% 8.97% 8.74% 456.71% 0.53% 0.01%

Coronation Top 20 Fund (P) No 01-Oct-00 -0.36% 0.15% 7.09% 7.88% 1948.66% 0.64% 0.27%

Cratos BCI Equity Fund (A) No 22-May-15 -0.59% -0.40% -0.45% - -6.15% 0.58% 0.18%

Fairtree Equity Prescient Fund No 01-Apr-15 - - - - - - -

Foord Balanced Fund (B2) Yes 31-Aug-02 10.25% 8.85% 6.56% 8.63% 100.31% 0.94% 0.05%

Foord Conservative Fund (B2) Yes 02-Jan-14 9.59% 9.97% 7.09% - 40.42% 0.75% 0.07%

Foord Equity Fund (B2) No 31-Aug-02 3.26% -0.07% 2.55% 7.29% 93.54% 0.33% 0.12%

Foord Flexible Fund of Funds (B2) No 01-Apr-08 14.47% 9.59% 8.19% 10.62% 146.03% 0.63% 0.02%

Investec Absolute Balanced Fund (H) Yes 01-Jul-03 4.33% 6.07% 6.41% 6.08% 193.24% 0.93% 0.04%

Investec Cautious Managed Fund (H) Yes 01-Apr-06 8.59% 10.36% 7.85% 8.77% 156.85% 1.31% 0.03%

Investec Commodity Fund (H) No 01-Feb-95 12.79% 9.78% 14.26% 6.21% 588.01% 1.31% 0.35%

Investec Diversified Income Fund (H) Yes 01-Oct-09 4.46% 9.51% 8.70% 8.17% 108.88% 0.63% 0.02%

Investec Emerging Companies Fund (H) No 01-Feb-95 -7.80% -10.35% -7.10% -0.69% 620.16% 1.28% 0.55%

Investec Equity Fund (H) No 01-Nov-87 5.22% 9.50% 7.02% 11.78% 979.29% 1.09% 0.60%

Investec Gilt Fund (H) Yes 01-Jan-85 -1.15% 8.47% 7.85% 7.93% 221.39% 0.71% 0.00%

Investec Global Multi-Asset Income Feeder Fund (H) No 01-Mar-02 24.97% 15.99% - - 5.27% 1.38% 0.13%

Investec High Income Fund (H) Yes 01-Jul-03 4.58% 9.08% 8.84% 7.73% 49.04% 0.70% 0.01%

Investec Managed Fund (H) Yes 10-Feb-94 6.10% 10.33% 9.25% 11.26% 708.33% 1.86% 0.81%

Investec Opportunity Fund (H) Yes 02-May-97 10.07% 11.27% 8.78% 9.54% 115.11% 1.34% 0.03%

Investec Property Equity Fund (H) No 01-Jun-04 -2.34% -9.78% 0.38% 9.78% 945.08% 0.98% 0.07%

Investec Stefi Plus Fund (H) Yes 03-Jul-00 4.00% 8.14% 8.15% 7.24% 323.12% 0.47% 0.00%

Investec Value Fund (H) No 02-May-97 -9.71% -22.45% 6.31% 4.27% 566.98% 2.21% 0.36%

*not available on the Discovery Classic Flexible Investment Plan

Coronation

Cratos

Foord

Investec

Performance Total Expense Ratio

(TER)

Transaction CostFund Name Flexible

Investment

Plan

Endowment

Plan

Retirement Plan Preserver Plan Retirement

Income Plan

Discovery

Retirement

Optimiser

Group

Retirement

Plan

Regulation

28 Compliant

Inception

date

Fairtree

Page 8: Discovery Invest Local Fund List · Discovery Target Retirement 2015 Fund Yes 07-Nov-07 5.57% 9.35% 6.21% 8.74% 136.61% 2.05% 0.16% ... year return Discovery Invest Local Fund List

6 months 1 year 3 years 5 years Since inception

inception

Investment Solutions Balanced Fund of Funds (A) Yes 31-Jul-03 6.04% 7.27% 7.38% 8.72% 589.02% 1.77% 0.00%

Investment Solutions Equity Fund of Funds (A) No 25-Feb-02 -1.98% -1.66% 7.99% 7.54% 767.74% 1.75% 0.00%

Investment Solutions Performer Managed Unit Trust (A) Yes 03-Jan-11 6.37% 9.04% 7.90% 9.63% 110.91% 1.41% 0.11%

Investment Solutions Property Equity Unit Trust (A) No 29-Sep-04 -0.39% -11.03% 0.89% 9.59% 654.64% 1.51% 0.13%

Investment Solutions Stable Fund of Funds (A) Yes 01-Mar-12 6.35% 8.65% 6.65% 7.95% 76.68% 1.25% 0.00%

Investment Solutions Strategic Global Balanced Feeder Fund (A) Yes 31-Jan-14 25.91% 21.37% 12.78% - 64.35% 1.44% 0.00%

Investment Solutions Superior Yield Unit Trust (A) Yes 17-Sep-01 3.85% 7.97% 8.16% 7.49% 282.80% 0.63% 0.00%

Marriott Dividend Growth Fund (C) - capped No 01-Aug-88 2.12% 6.23% 5.46% 10.55% 64.31% 0.87% 0.23%

Marriot Core Income Fund - capped No 01-Jul-13 3.30% 8.86% 8.26% 7.32% 42.32% 0.86% 0.00%

Marriot International Growth Feeder Fund - capped No 01-Jul-17 27.54% 13.72% - - 11.22% 1.72% 0.14%

Miton Optimal IP Diversified Income Fund of Funds (A) * Yes 21-Nov-05 3.89% 5.96% 5.51% 6.56% 148.62% 2.22% 0.08%

Miton Optimal IP Flexible Fund of Funds (A) * Yes 11-Feb-05 1.57% 2.94% 3.94% 6.04% 233.65% 2.78% 0.21%

Miton Optimal IP Prudential Fund of Funds (A) * Yes 27-Jan-05 3.90% 4.70% 4.32% 6.20% 197.84% 2.77% 0.13%

Miton Optimal IP Worldwide Flexible Fund of Funds (A) * No 01-Oct-08 3.09% 3.65% 5.44% 7.86% 145.54% 2.54% 0.22%

Momentum Enhanced Growth Fund of Funds (A) Yes 04-Apr-17 4.73% 6.15% - - 8.62% - -

Momentum Enhanced Stable Growth Fund of Funds (C) No 04-Apr-17 3.46% 5.55% - - 7.87% - -

Momentum Real Growth Equity Fund (B5) Yes 01-Feb-95 0.22% 7.02% 6.12% 9.73% 146.31% 1.46% 0.29%

Momentum Real Growth Property Fund (B7) No 01-Sep-04 -2.37% -12.69% -0.10% 8.74% 203.05% 1.16% 0.06%

Momentum Small/Mid-Cap Fund (B3) No 02-May-00 -10.47% 0.67% 4.14% 0.56% 91.52% 1.48% 0.33%

Momentum Top 40 Index Fund (B3) No 18-Jun-96 3.75% 7.76% 8.51% 9.49% 160.31% 0.33% 0.08%

Momentum Diversified Income Fund (C1) No 01-Nov-07 4.57% 7.72% 8.21% 8.08% 63.35% 0.72% 0.01%

Montrose BCI Cautious Fund of Funds (A) Yes 20-Jun-07 6.48% 8.37% 7.15% 7.76% 138.10% 2.02% 0.13%

Montrose BCI Flexible Fund of Funds (A) No 11-May-07 16.76% 16.62% 9.33% 10.45% 195.07% 2.74% 0.12%

Montrose BCI Moderate Fund of Funds (A) Yes 11-May-07 6.01% 7.42% 6.52% 8.46% 165.75% 2.13% 0.17%

Naviga BCI Balanced Growth Fund of Funds (C) * Yes 01-Oct-04 3.99% 6.15% - - 9.00% 2.32% 0.32%

Naviga BCI Income Planner Fund of Funds (A) * Yes 01-Oct-04 4.13% 7.72% 7.64% 7.38% 191.98% 1.27% 0.04%

Naviga BCI SA Equity Fund (C) * No 30-Sep-08 1.52% 8.58% - - 14.21% 1.76% 0.34%

Naviga BCI Secure Growth Fund of Funds (C) * Yes 17-Jun-04 5.82% 7.40% - - 14.61% 2.17% 0.11%

*not available on the Discovery Classic Flexible Investment Plan

Momentum

Montrose BCI

Naviga

Performance Total Expense Ratio

(TER)

Marriott

Discovery

Retirement

Optimiser

Group

Retirement

Plan

Investment Solutions

Transaction CostRetirement

Income Plan

Fund Name Flexible

Investment

Plan

Endowment

Plan

Retirement Plan Preserver Plan Regulation

28 Compliant

Inception

date

Miton Optimal

Page 9: Discovery Invest Local Fund List · Discovery Target Retirement 2015 Fund Yes 07-Nov-07 5.57% 9.35% 6.21% 8.74% 136.61% 2.05% 0.16% ... year return Discovery Invest Local Fund List

6 months 1 year 3 years 5 years Since inception

inception

Nedgroup Investments Entrepreneur Fund (A) No 03-Nov-03 -7.04% 0.86% 3.90% 8.39% 1083.36% 1.73% 0.23%

Nedgroup Investments Flexible Income Fund (B1) Yes 01-Nov-04 5.55% 8.49% 8.80% 8.66% 603.37% 0.60% 0.02%

Nedgroup Investments Managed Fund (B2) Yes 01-Nov-03 2.99% 3.34% -2.62% -3.34% 207.46% 1.19% 0.44%

Nedgroup Investments Rainmaker Fund (B2) No 30-Jun-00 -1.90% 3.38% 5.24% 9.21% 1949.65% 1.28% 0.19%

Nedgroup Investments Stable Fund (A2) Yes 01-Nov-07 9.06% 9.39% 6.66% 8.08% 177.86% 1.48% 0.02%

Novare Capital Preserver Fund of Funds (A2) * Yes 08-Apr-11 3.87% 7.11% 6.64% 7.26% 48.39% 1.67% 0.08%

Novare Wealth Accumulator Fund of Funds (A2) * Yes 01-Apr-12 #N/A #N/A #N/A #N/A #N/A - -

Novare Worldwide Flexible Fund of Funds (A2) * No 02-Mar-12 6.57% 9.05% 6.65% 8.58% 80.03% 1.80% 0.49%

Oasis Balanced Fund (A) Yes 12-Mar-01 6.05% 9.57% 4.74% 6.41% 801.73% 1.80% 0.03%

Oasis Crescent Balanced Progressive Fund of Funds (B) Yes 02-Mar-05 8.95% 9.56% 6.55% 6.06% 137.22% 1.60% 0.03%

Oasis Crescent Balanced Stable Fund of Funds (B) Yes 01-Apr-10 8.37% 9.14% 6.09% 6.42% 86.14% 1.49% 0.02%

Oasis Crescent Equity Fund (A) No 31-Jul-98 8.00% 8.52% 6.25% 5.33% 2840.96% 2.19% 0.04%

Oasis Crescent International Feeder Fund (A) No 28-Sep-01 24.03% 20.16% 8.64% 12.56% 416.47% 2.27% 0.00%

Oasis Property Equity Fund (A) No 28-Sep-00 1.58% -3.33% -3.94% 4.45% 1039.07% 1.75% 0.06%

Old Mutual Albaraka Equity Fund (A) No 01-Jun-92 4.62% 5.65% 6.75% 8.06% 3344.13% 1.75% 0.22%

Old Mutual Balanced Fund (A) Yes 01-Mar-94 5.58% 8.98% 6.68% 8.68% 135.69% 1.64% 0.11%

Old Mutual Dynamic Floor Fund (B1) Yes 01-Nov-02 4.61% 5.93% 5.98% 7.63% 370.29% 1.17% 0.06%

Old Mutual Gold Fund (A) No 05-Feb-90 -2.47% -25.30% -1.66% -5.53% -40.34% 1.76% 0.39%

Old Mutual Income Fund (R) No 24-Apr-89 3.54% 7.42% 8.56% 7.27% 2197.59% 0.88% 0.01%

Old Mutual Industrial Fund (A) No 30-Jun-98 1.71% -4.12% 1.63% 7.86% 1888.44% 1.46% 0.11%

Old Mutual Mid & Small-Cap Fund (A) No 30-Apr-97 -11.61% -10.39% -2.76% 2.56% 79.10% 1.74% 0.19%

Old Mutual Mining and Resources Fund (A) No 01-Jul-87 19.66% 24.92% 20.72% 6.46% 67.37% 1.45% 0.30%

Old Mutual SA Quoted Property Fund (B1) No 01-Oct-03 -0.86% -4.92% 1.59% 10.33% 918.11% 0.87% 0.03%

Optimum BCI Balanced Fund (C) * Yes 01-Apr-14 6.29% 8.79% 6.48% - 35.88% 0.00% 0.00%

Optimum BCI Equity Growth Fund (A) * Yes 10-Sep-15 3.43% 6.90% - - 20.23% 1.61% 0.05%

Optimum BCI Managed Growth Fund (C) * Yes 01-Apr-14 6.23% 8.53% 6.07% - 34.41% 0.00% 0.00%

Optimum BCI Stable Fund (C) * Yes 01-Apr-14 6.76% 9.21% 7.94% - 41.90% 0.00% 0.00%

Optimum BCI Worldwide Flexible Fund of Funds (A) * Yes 28-Jan-16 23.00% 15.10% - - 10.66% 1.64% 0.00%

Optimum BCI Income Fund A * Yes 01-Mar-18 - - - - - - -

Prudential Balanced Fund (B) Yes 02-Aug-99 8.94% 13.70% 9.58% 11.55% 809.04% 0.92% 0.12%

Prudential Dividend Maximiser Fund (B) No 02-Aug-99 6.46% 12.04% 8.65% 10.43% 269.52% 1.64% 0.22%

Prudential Equity Fund (B) No 02-Aug-99 4.95% 10.92% 8.50% 10.48% 288.19% 1.64% 0.16%

Prudential Global High Yield Bond Fund of Funds (A) No 01-Nov-00 17.85% 7.22% 4.54% 7.73% 339.39% 1.46% 0.03%

Prudential High Yield Bond Fund (A) Yes 01-Nov-00 -1.49% 7.57% 6.99% 7.19% 449.79% 0.89% 0.04%

Prudential Inflation Plus Fund (B) Yes 01-Jun-01 4.72% 6.42% 6.61% 9.47% 564.78% 0.92% 0.09%

*not available on the Discovery Classic Flexible Investment Plan

Fund Name Flexible

Investment

Plan

Endowment

Plan

Retirement Plan

Nedgroup Investments

Transaction CostPreserver Plan Regulation

28 Compliant

Inception

date

Performance Total Expense Ratio

(TER)

Retirement

Income Plan

Discovery

Retirement

Optimiser

Group

Retirement

Plan

Novare

Oasis

Old Mutual

Optimum BCI

Prudential

Page 10: Discovery Invest Local Fund List · Discovery Target Retirement 2015 Fund Yes 07-Nov-07 5.57% 9.35% 6.21% 8.74% 136.61% 2.05% 0.16% ... year return Discovery Invest Local Fund List

6 months 1 year 3 years 5 years Since inception

PSG Wealth Creator Fund of Funds (D) * No 01-Jun-09 2.58% 6.83% 7.18% 8.97% 228.80% 1.31% 0.31%

PSG Wealth Income Fund of Funds (D) * Yes 01-Jun-09 4.32% 8.01% 8.35% 8.24% 108.95% 0.85% 0.04%

PSG Wealth Moderate Fund of Funds (D) * Yes 01-Dec-08 5.89% 8.80% 7.97% 9.54% 213.34% 1.22% 0.13%

PSG Wealth Preserver Fund of Funds (D) * Yes 01-Jun-09 5.75% 8.27% 7.68% 8.83% 146.47% 1.17% 0.08%

Rebalance BCI Inflation Plus 3 Fund (A) Yes 05-Nov-14 5.03% 6.08% 5.91% - 26.60% 1.94% 0.10%

Rebalance BCI Inflation Plus 5 Fund (A) Yes 05-Nov-14 3.63% 5.90% 5.09% - 23.18% 1.98% 0.15%

Rebalance BCI Inflation Plus 7 Fund (A) No 05-Nov-14 12.81% 10.26% 6.49% - 32.38% 2.43% 0.18%

Reitway BCI Global Property Fund (A) No 31-Jan-12 40.25% 20.15% 10.95% 14.68% 201.76% 1.68% 0.34%

Rezco Managed Plus Fund (C) No 02-Aug-10 13.03% 11.53% 4.44% 8.62% 72.06% 1.14% 0.21%

SA Asset Management BCI Cautious Fund (A) Yes 14-Aug-14 3.72% 4.89% 5.76% - 27.58% 1.98% 0.08%

SA Asset Management BCI Managed Fund (A) Yes 14-Aug-14 0.99% -0.08% 3.55% - 22.09% 2.08% 0.21%

Sasfin Equity Share Portfolio No 06-Apr-18 - - - - - - -

Sasfin Bespoke Equity Share Portfolio No 06-Apr-18 - - - - - - -

Seed Balanced Fund (A1) Yes 31-Jul-08 4.36% 6.86% 5.90% 9.27% 134.13% 1.76% 0.21%

Seed Income Fund (A1) Yes 19-Jun-15 3.94% 7.79% 7.73% - 26.94% 1.12% 0.01%

Seed Stable Fund (A1) Yes 09-Jan-12 3.71% 4.23% 5.80% - 19.61% 1.76% 0.02%

Sesfikile BCI Property Fund (B2) No 01-Nov-11 -2.28% -6.65% 3.88% 12.71% 167.93% 0.77% 0.24%

SIM Active Income Fund (B3) Yes 03-Nov-06 3.11% 7.08% 7.90% 7.63% 151.85% 0.87% 0.00%

SIM Balanced Fund (B) Yes 01-Feb-95 4.43% 5.44% 6.65% 8.33% 717.45% 1.36% 0.15%

SIM General Equity Fund (B8) No 26-Jun-67 1.57% 3.20% 5.42% - 14.42% 0.89% 0.20%

SIM Inflation Plus Fund (B7) Yes 01-Apr-99 7.28% 8.95% 8.39% 9.34% 131.11% 1.02% 0.06%

SIM Small Cap Fund (B2) No 02-Jun-97 -9.42% -8.12% -2.83% 5.10% 50.86% 1.07% 0.29%

SIM Value Fund (B3) No 01-Oct-98 5.06% 5.59% 1.89% 5.67% 143.73% 1.26% 0.27%

Southern Charter BCI Defensive Fund of Funds (A) Yes 26-Oct-07 5.08% 5.88% 5.27% 7.03% 137.88% 1.73% 0.10%

Southern Charter BCI Balanced Fund of Funds (A) Yes 26-Oct-07 5.70% 5.61% 5.50% 7.83% 140.60% 1.86% 0.19%

Southern Charter BCI Growth Fund of Funds (A) Yes 26-Oct-07 5.21% 4.71% 5.08% 7.78% 142.28% 1.95% 0.22%

STANLIB Aggressive Income Fund (B1) No 25-Jul-05 -0.42% -2.08% 3.95% 6.77% 242.36% 1.03% 0.04%

STANLIB Balanced Fund (B1) Yes 01-Aug-94 5.50% 8.86% 5.17% 7.34% 1804.14% 1.25% 0.14%

STANLIB Income Fund (R) No 01-Apr-87 4.00% 8.66% 8.95% 7.75% 3809.51% 0.85% 0.00%

STANLIB Property Income Fund (B1) No 16-Sep-02 -1.79% -15.96% -1.23% 8.18% 299.38% 1.14% 0.10%

STANLIB Inflation Linked Bond Index Tracker Fund (B1) No 22-Oct-15 -0.59% 1.32% - - 3.78% 0.29% 0.00%

*not available on the Discovery Classic Flexible Investment Plan

Regulation

28 Compliant

Inception

date

Performance Total Expense Ratio

(TER)

Reitway

Rezco

SIM

STANLIB

PSG Konsult

Retirement

Income Plan

Fund Name Flexible

Investment

Plan

Endowment

Plan

Retirement Plan Preserver Plan

Southern Charter

Rebalance

SA Asset Management

Seed

Sesfikile

Transaction CostDiscovery

Retirement

Optimiser

Group

Retirement

Plan

Sasfin

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Fund Performances at 31 August 2018

Investment philosophy

Reference fund

Discovery Annuity Escalator - Coronation Balanced Plus Fund Moderate 1.08% 1.00% 39.22% 60.78% 196.96 160.08 3.41% 4.44% 4.62% 6.84% 96.96% 2.03% 0.12%

Discovery Annuity Escalator - Coronation Market Plus Fund Moderate 1.08% 1.00% 74.61% 25.39% 190.94 156.33 2.77% 2.48% 5.59% 6.53% 90.94% 1.89% 0.11%

Discovery Annuity Escalator - Coronation Top 20 Fund Aggressive 0.88% 1.00% 0.92% 99.08% 167.78 142.19 -0.25% 0.04% 3.56% 4.49% 67.78% 1.54% 0.16%

Discovery Annuity Escalator - Discovery Balanced Fund Moderate 1.20% 1.00% 0.98% 99.02% 194.73 155.59 4.00% 7.10% 5.11% 8.38% 94.73% 2.76% 0.18%

Discovery Annuity Escalator - Discovery Dynamic Equity Fund Aggressive 1.32% 1.10% 42.12% 57.88% 145.86 120.67 1.63% 5.47% 3.62% 6.45% 45.86% 2.49% 0.27%

Discovery Annuity Escalator - Discovery Equity Fund Aggressive 1.20% 1.00% 0.99% 99.01% 135.67 110.29 2.20% 6.33% 5.68% 4.42% 35.67% 2.41% 0.27%

Discovery Annuity Escalator - Discovery Flexible Property Fund Moderate 1.22% 1.10% 29.13% 70.87% 287.25 238.91 7.68% 3.30% 3.28% 7.97% 112.13% 2.27% 0.05%

Discovery Annuity Escalator - Discovery Global Balanced Fund Aggressive 1.40% 1.00% 37.38% 62.62% 205.83 163.92 14.89% 13.32% 5.84% 8.42% 105.83% 2.33% 0.06%

Discovery Annuity Escalator - Discovery Global Equity Feeder Fund Aggressive 1.40% 1.00% 37.40% 62.60% 224.58 177.80 16.00% 17.29% 6.96% 9.62% 124.58% 2.37% 0.04%

Discovery Annuity Escalator - Foord Equity Fund Aggressive 1.10% 1.10% 35.63% 64.37% 139.72 120.80 2.13% -1.07% 0.36% 4.84% 39.72% 1.44% 0.08%

Discovery Annuity Escalator - Investec Opportunity Fund Moderate 0.84% 1.10% 46.89% 53.11% 153.38 121.31 9.03% 10.01% 7.49% 7.77% 53.38% 2.17% 0.03%

Discovery Annuity Escalator - Investec Property Equity Fund Moderate 1.00% 1.10% 47.12% 52.88% 250.17 217.92 0.20% -2.76% 1.68% 6.29% 100.47% - -

Discovery Annuity Escalator - Investec Value Fund Aggressive 0.68% 1.00% 39.37% 60.63% 128.62 120.74 -0.80% -5.56% 6.91% 5.40% 28.62% 2.23% 0.17%

Discovery Annuity Escalator - Nedgroup Investments Managed Fund Moderate 1.28% 1.00% 18.04% 81.96% 125.86 109.12 2.35% 2.78% 2.13% 0.76% 25.86% 1.74% 0.18%

Discovery Annuity Escalator - Nedgroup Investments Rainmaker Fund Aggressive 1.28% 1.00% 47.75% 52.25% 160.55 134.94 -1.34% 2.05% 2.94% 5.91% 60.55% 1.97% 0.13%

Discovery Annuity Escalator - Satrix Divi Fund Aggressive 0.44% 1.10% 0.00% 100.00% 111.45 98.33 -5.98% 5.37% 3.46% 3.20% 11.45% 1.48% 0.02%

6 months 1 year 3 years* YTD Since

inception

Total Expense

Ratio (TER)

Transaction

CostCash

Discovery Annuity Escalators

The Discovery Annuity Escalator funds give investors the reward of unlimited upside potential with the unique feature of protecting investment gains. If the guarantee of the annuity escalator fund reaches a new highest value within a policy year, the Guaranteed Minimum Income

on the Guaranteed Escalator Annuity increases to a new level. This new generation investment portfolio provides investors with:

- exposure to both the reference fund and cash

- a guarantee that each Escalator unit will always be worth at least 80% of the highest value it has ever reached

The investment objective of the fund is to provide investors with unlimited growth potential but also with protection against downward market moves. The Discovery Annuity Escalator funds are calculated with reference to an apportionment between the underlying reference fund

and cash. The ratio between the two assets is dynamically adjusted on a daily basis. As the unit price of the reference fund increases the apportionment to this asset increases and vice versa. This rebalancing is done automatically based on a mathematically defined algorithm

managed by Discovery Life and Deutsche Bank.

Fund Name Risk Rating Annual Fees

(Excl VAT)

Annual Protection

Premium

Allocation of algorithm Unit price Fund Guarantee

level

Discovery Annuity Escalator Funds

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Reference fund

6 months 1 year 3 years* YTD Since

inception

Total Expense

Ratio (TER)

Transaction

CostCash

Fund Name Risk Rating Annual Fees

(Excl VAT)

Annual Protection

Premium

Allocation of algorithm Unit price Fund Guarantee

level

Discovery Geared Annuity Escalator - Coronation Balanced Plus Fund Moderate 1.00% 1.00% -20.00% -20.00% 276.98 227.50 4.25% 4.77% 5.52% 8.01% 118.07% 2.38% 0.17%

Discovery Geared Annuity Escalator - Coronation Market Plus Fund Moderate 1.00% 1.00% -20.00% -20.00% 281.93 240.30 2.42% -0.50% 5.67% 7.43% 120.78% 2.29% 0.19%

Discovery Geared Annuity Escalator - Coronation Top 20 Fund Aggressive 0.80% 1.00% 39.33% 29.10% 188.38 174.22 -2.63% -5.07% 0.64% 2.30% 52.75% 1.40% 0.17%

Discovery Geared Annuity Escalator - Discovery Balanced Fund Moderate 1.20% 1.00% -20.00% 0.00% 258.15 205.10 4.74% 8.00% 5.41% 9.63% 109.40% 3.30% 0.24%

Discovery Geared Annuity Escalator - Discovery Equity Fund Aggressive 1.20% 1.00% 21.32% 19.30% 158.36 133.95 0.73% 4.46% 4.04% 2.98% 18.61% 2.47% 0.31%

Discovery Geared Annuity Escalator - Discovery Flexible Property Fund Moderate 0.88% 1.10% 31.30% 53.85% 269.06 247.96 -0.09% -6.26% -2.47% 5.70% 99.34% 2.12% 0.07%

Discovery Geared Annuity Escalator - Discovery Global Balanced Fund Aggressive 1.40% 1.00% 44.95% 41.32% 200.07 173.42 11.98% 8.85% 3.23% 9.04% 103.62% 2.42% 0.07%

Discovery Geared Annuity Escalator - Discovery Global Equity Feeder Fund Aggressive 1.40% 1.00% 71.59% 47.90% 183.79 155.14 11.89% 10.09% 2.33% 8.29% 96.87% 2.21% 0.04%

Discovery Geared Annuity Escalator - Investec Property Equity Fund Moderate 1.00% 1.10% 31.83% 50.33% 243.88 226.06 0.51% -5.56% -2.52% 5.63% 95.41% - -

Discovery Geared Annuity Escalator - Investec Value Fund Aggressive 0.68% 1.00% -6.96% 82.03% 154.34 150.27 0.28% -3.39% 5.96% 5.10% 20.36% 2.35% 0.19%

Discovery Geared Annuity Escalator - Nedgroup Investments Managed

FundModerate 1.20% 1.00% 62.13% 30.69% 152.22 140.54 1.86% 1.15% 2.06% 0.33% 25.50% 1.53% 0.20%

Discovery Geared Annuity Escalator - Nedgroup Investments Rainmaker

FundAggressive 1.20% 1.00% 39.37% 21.12% 174.21 156.08 -3.97% -2.66% -0.23% 4.21% 42.17% 1.95% 0.14%

FAIS notice and disclaimer

This information is not advice as defined and contemplated in the Financial Advisory and Intermediary Service Act, 37 of 2002, as amended. Discovery Life shall not be liable for any actions taken by any person based on the correctness of this information.

Discovery Life is a licensed financial services provider in terms of Section 8 the Financial Advisory and Intermediary Services Act, 37 of 2002, as amended.

The assets underlying the Discovery Annuity Escalator Funds are held on Discovery Life’s balance sheet, except for the instrument that provides the 80% guarantee, which is provided by Deutsche Bank. This means that you bear the risk if the Escalator Fund falls below 80% of the

highest value ever reached (the guarantee level) and Deutsche Bank is unable to meet the guarantee for any reason whatsoever. The cash component is invested in the Discovery Corporate Cash Fund as well as various bank accounts. The fee on the Discovery Corporate Cash Fund

is 0.4% per annum.

Discovery Geared Annuity Escalators

The performance figures are based on a lump sum investment over the respective periods shown. These performances will differ from the performance achieved on a Discovery Life policy due to Discovery Life's administration and policy fees (if applicable). Unit trusts on which the

Annuity Escalator Fund is based may charge their own fees. The value of units may go down as well as up and past performance is not necessarily a guide to the future. This is not a unit trust therefore this fund is not regulated by the Collective Investment Schemes Control Act. The

value and performance figures are based on valuation prices received from Deutsche Bank. Actual trade prices may differ marginally.

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Benefits

inception

Target Retirement Date Inflation Protector Discovery Classic Retirement Plan and Discovery Classic Preserver Plans All Target Retirement Date FundsEnsures your investment in Target Retirement Date Funds grows in line with inflation.

100% Escalator Retirement Guarantee Discovery Classic Retirement Plan and Discovery Classic Preserver Plans All Escalator FundsProtects your investment close to retirement by increasing your Escalator Fund’s unit price to 100% of the highest unit price the Escalator fund has ever

reached while you were invested in it.

Early Retirement Disability Protector Discovery Classic Retirement Plan and Discovery Classic Preserver Plans All funds available on the plan Boosts your investment by up to 20% if you become disabled before retirement

Quartile Performance Protector Discovery Classic Retirement Plan and Discovery Classic Preserver Plans Certain Discovery Funds Protects your investment in Discovery Funds from underperformance relative to similar funds.

100% Escalator Death Guarantee Discovery Classic Retirement Plan and Discovery Classic Preserver Plans All Escalator FundsUpon death, your Escalator Fund’s unit price is increased to 100% of the highest unit price the Escalator fund has ever reached while you were invested

in it.

Investment Performance ProtectorDiscovery Retirement Optimiser (only versions 1 and 2, not available since

November 2012)All funds available on the plan

Boosts your Longevity Booster by up to 100% depending on the performance of your Linked Retirement Income Plan and your average annual

withdrawal rate over the previous 10 years.

Retirement Tax Funder Discovery Classic Retirement Plan and Discovery Classic Preserver Plans All funds available on the plan Provides a boost to assist you in funding the tax liability from your maximum one-third lump sum withdrawal at retirement

Ill-Health Income Booster Discovery Retirement Optimiser All funds available on the planIf you suffer from a severe illness in retirement, your income in retirement will be boosted for a specific period, dependent on the severity of the severe

illness/ disability. This is to reduce the risk of exhausting your retirement savings on occurrence of a severe illness/ disability.

Longevity BoosterDiscovery Retirement Optimiser (only versions 1 and 2, not available since

November 2012)All funds available on the plan Enhances your Discovery Invest annuity income with ten annual instalments after every 10 years in retirement.

Retirement PayBack BoosterDiscovery Retirement Optimiser (version 3, only available since November

2012)All funds available on the plan

If you choose to reinvest your Health, Vitality or Active Integrator PayBacks into your DRO RA, these are boosted by up to 100% at retirement,

depending on the size of your DRO RA contributions and your Life Plan premium.

Life Plan Optimiser Discovery Retirement Optimiser All funds available on the plan Uses your unused risk cover (from your Discovery Life Plan fund) to provide you with additional tax-free instalments in retirement.

Retirement Investment IntegratorDiscovery Retirement Optimiser (version 3, only available since November

2012)Discovery Funds

Gives you a reduction of between 50% and 100% on your annual administration fees, policy fees and asset management fees on qualifying Discovery

Funds. The fee reduction is applied on a monthly basis, so you immediately get the benefit of lower fees.

Classic Performance Protector Discovery Classic Flexible Investment Plan All funds available on the planProvides a boost of 7.5% for external funds and 10% for Discovery funds on your investment amount at inception, and will pay out after 5 and 10 years

depending on how your chosen funds have performed relative to funds in their investment sector.

Upfront Investment Integrator Lump Sum Discovery Endowment PlanDiscovery Funds and qualifying external

funds

Boosts your initial investment by up to 26%. You get significant value by getting more money to invest and will receive a payout of 50% of your boost

with growth at 6% after five years and the remainder with growth at 10 years.

Retirement Upfront Investment IntegratorDiscovery lump-sum Core and Classic Retirement Plans and Discovery Core

and Classic Preserver PlansDiscovery Funds

Provides a boost to your initial lump-sum investment based on the size of your contribution, qualifying Discovery Fund holdings and term to selected

retirement from inception. You get significant value with an upfront boost to your investment when you invest, this boost with growth will be paid out

into your investment at your selected retirement date.

Retirement Income Investment Integrator Discovery Linked Retirement Income Plan Discovery Funds

Boosts your annuity income in retirement by up to 50% for 10 years, depending on your selected annuity income drawdown rate, your Vitality status

and qualifying Discovery Fund holdings. The Retirement Income Investment Integrator boost is paid directly into your bank account by Discovery Invest

as and when income is drawn out of your Linked Retirement Income Plan and will not result in your fund value being reduced.

Enhanced Savings Integrator Discovery FundsDiscovery lump-sum Core Retirement Plans and Discovery Core Preserver

Plans

Provides a boosts to your additional investments. The boost percentage depends on the term to retirement from the date of each extra contribution, as

well as qualifying Discovery fund holding.

Benefit name Products applicable to Funds applicable to Description

LifeBooster

Discovery Endowment Plan, Discovery Recurring Retirement Plan,

Discovery Linked Retirement Income Plan, Discovery Guaranteed Escalator

Annuity

All funds available on the planOffers you risk protection. If you die while invested in your Discovery Investment plan, we will boost your fund value by up to 15%, depending on your

Vitality status, to ensure that your beneficiaries are protected against possible market down turns.

Discovery Miles IntegratorDiscovery lump-sum Core and Classic Retirement Plans and Discovery Core

and Classic Preserver PlansAll funds available on the plan

Uses your Discovery Miles to increase your retirement boost. Your Discovery Miles will be boosted by as much as 3 times, depending on your Vitality

status.

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Administration Fee Integrator Discovery Core and Classic Flexible Plans All funds available on the planProvides a discount of up to 100% on your yearly administration fees, depending on your Vitality status, how long you remain invested, and the funds

you invest in.

Flexible Plan investment IntegratorDiscovery Core and Classic Flexible Plans, Discovery lump-sum Core and

Classic Retirement Plans and Discovery Core and Classic Preserver PlansAll funds available on the plan

Provides yearly increases to your Retirement Upfront Investment Integrator on your lump-sum Retirement or Preserver Plans if you also own a Flexible

Investment Plan. An amount, based on up to 50% of the asset management fees levied on your Flexible Investment Plan, is used to calculate an

increase to your boost each year, for a maximum of 10 boost enhancements.

Group Asset Protector Discovery Group Retirement Plan All funds available on the planProvides guaranteed growth in line with inflation, up to certain limits, on contributions to Group RA plans for investors with a Discovery Life Plan or

Discovery Group Risk cover.

Guaranteed Minimum Income Discovery Guaranteed Escalator Annuity All Annuity Escalator Funds Provides a guaranteed minimum level of income in retirement for life.

Investment Allocation Booster Discovery Group Retirement Plan Discovery Funds Boosts contributions to Group RA plans for investors with a Discovery Life Plan or Discovery Group Risk cover.

Fee PayBackDiscovery Endowment Plan (recurring), Discovery Recurring Retirement

Plan and Discovery Retirement Optimiser

All funds not discounted by other benefits, if

upfront commission is chosen

Provides you with a discount on your annual administration fees. The annual administration fee discount percentage is 40% on the Discovery

Endowment Plan and pays out with growth every five years. The annual administration fee discount percentage is 55% on the Discovery Recurring

Retirement Plan and the Discovery Retirement Optimiser, and pays out with growth at the end of 10 years and every five years thereafter.

Page 15: Discovery Invest Local Fund List · Discovery Target Retirement 2015 Fund Yes 07-Nov-07 5.57% 9.35% 6.21% 8.74% 136.61% 2.05% 0.16% ... year return Discovery Invest Local Fund List

Information You Need to Know about Your Investment in this Product

What the investment is The total expense ratio (TER)

This Fund is a Collective Investment Scheme (also known as a unit trust fund) regulated by the Collective Investment Scheme Control Act (CISCA). Collective Investment Scheme in securities 1.      A percentage of the net asset value of the portfolio is for fees and other charges relating to managing the portfolio. The percentage is referred to as the Total Expense Ratio (TER).

are generally medium to long-term investments (around three to five years). 2.      Total Expense Ratio means a measure of a portfolio's assets that have been expended as payment for services rendered in the management of the portfolio or collective investment

      scheme, expressed as a percentage of the average daily value of the portfolio or collective investment scheme calculated over a period of a financial year by the manager of the portfolio

Who manages the investment       or collective investment scheme.

Discovery Life Collective Investments (Pty) Ltd branded as Discovery Invest is the manager of the Fund. Discovery Invest is a member of the Association of Savings and Investment South Africa. 3.      A higher TER does not necessarily imply a poor return, nor does a low TER imply a good return.

4.      The current TER is not an indication of any future TERs. If fees go up, we expect that the TER will increase.

You decide about the suitability of this investment for your needs 5.      During any phase-in period, the TERs do not include information gathered over a full year.

By investing in this Fund, you confirm that:

• we did not provide you with any financial and investment advice about this investment Transaction costs (TC)

•     you have taken particular care to consider whether this investment is suitable for your own needs, personal investment objectives and financial situation. 1.      Transaction costs (TC) is a measure that investors and advisers can use to work out the costs they will incur in buying and selling the underlying assets of a portfolio.

2.      The transaction costs are expressed as a percentage of the daily net asset value of the portfolio calculated over three years on an annualised basis . (This means amount of interest,

You understand that your investment may go up or down expressed by a percentage, that an investment earns each year on average over three years.)

1.      The value of units (known as participatory interests) may go down as well as up. 3.      Transaction costs are necessary costs in administering a fund. They affect the fund's returns. They should not be considered in isolation as returns may also be affected by many

2.      Past performance is not necessarily a guide to future performance. other factors over time, including:

3.      Exchange rates may fluctuate causing the value of investments with international exposure to go up or down. •        market returns

4.      The capital value and investment returns of your portfolio may go up or down. We do not provide any guarantees about either the capital or the returns of a portfolio. •        the type of fund

•        the investment decisions of the investment manager

How we calculate the unit prices and value the portfolios •        the TER.

1.      We calculate unit trust prices on a net asset value basis. (The net asset value is defined as the total market value of all assets in the unit portfolio, including any income accrued and less any 4.      Where a fund is less than one year old since it started, the TER and transaction costs cannot be calculated accurately. This is because:

allowable deductions from the portfolio, divided by the number of units in issue.) •        the life span of the fund is short

2.      The securities in Collective Investment Schemes are traded at ruling prices using forward pricing. (Forward pricing means pricing all buy and sell orders of units according to the next •        calculations are based on actual data where possible and best estimates where actual data is not available.

net-asset value). 5.      The TER and the TC shown on the fund fact sheet are the latest available figures.

3.      We value all portfolios every business day at 4pm, except on the last business day of the month when we value the portfolios at 5pm.

4.      Buy and sell orders will receive the same price for that day if we receive them before 11am for the money market portfolio and before 2.30pm for the other portfolios.

5.      We publish fund prices every business day with a three-day lag on www.discovery.co.za.

No guarantee on your initial investment or your returns

The investment manager does not give any guarantee either with respect to the capital or to the return of a portfolio.

About managing the portfolio

1.      The portfolio manager may borrow up to 10% of the portfolio’s market value from any appropriate financial institution in order to bridge insufficient liquidity.

2.      The portfolio manager can borrow and lend scrip.

3.      The portfolio may be closed in order to be managed according to the mandate (if applicable).

Fees and charges for this investment

The fees and charges that apply to the Fund are included in the net asset value of the units so you do not have to pay any extra amounts for these fees and charges.

These fees and charges may include:

•       The initial fund management fee

•        Commission

•        Incentives (if applicable)

•        Brokerage fees

•        Market Securities Tax

•        Auditors’ fees

•        Bank charges

•        Trustees' fees

•        Custodians' fees

You can ask us for a schedule of fees, charges and maximum commissions.

A fund of funds portfolio is a portfolio that invests in portfolios of collective investment schemes, which each charge their own fees. This could result in a higher fee structure for these

portfolios.

A feeder fund is a portfolio that invests in a single portfolio of a collective investment scheme, which levies its own charges and which could result in a higher fee structure for the feeder fund.