Foord Balanced Fund

The market value weighted average total return of the South African – Multi-Asset – High Equity unit trust sector, excluding Foord Balanced Fund.

Longer than five years.

1 September 2002

R50 000 lump sum or R1 000 per month

Maximum equity exposure of 75%: maximum offshore exposure of 45%; complies with pension fund investment regulations (Regulation 28).

End-March and end-September each year.

Medium yield, approximately double that of a general equity fund. Income distributions are reduced by the annual service charge, which varies with the relative performance of the fund against its benchmark.

Medium to high weighting in JSE shares and includes exposure to listed property, commodity securities, bonds, money market instruments and foreign assets.

Foreign asset exposure is obtained predominantly via Foord International Fund (FIF) and Foord Global Equity Fund Luxembourg (FGEFL), sub-funds of Foord SICAV domiciled in Luxembourg and Foord Global Equity Fund (FGEF) domiciled in Singapore. FIF is a conservative, multi-asset class fund. FGEF and FGEL comprise portfolios of global shares and cash. All funds are priced in US dollars.

Lower than that of a pure equity fund. High in periods shorter than six months, lower in periods greater than one year.