Discovery Life RSA Escalator Fund

Discovery Life RSA Escalator Fund
As at 30 November 2014
Fund profile of the underlying fund
Escalators
The Discovery Life Escalator Funds have a unique structure that provides investors with
protection against downward market movements as well as unlimited growth potential
in rising markets. The protection level on each Escalator unit is at least 80% of the
highest value the Escalator unit price has ever reached. As such, the protection level
will increase over time if the Escalator Fund reaches new highs.
The Discovery Life RSA Escalator Fund is calculated with reference to an apportionment
between the Satrix 40 and cash. The ratio between the two assets is dynamically
adjusted on a daily basis. As the unit price of the Discovery Life RSA Escalator Fund
increases the apportionment to this fund increases and vice versa. This rebalancing is
done automatically based on a mathematically defined algorithm managed by
Discovery Life.
Performance graph
Historical performance
Price history
290.00
The mandate of the Satrix 40 portfolio is to track as closely as possible
the value of the FTSE/JSE Top 40 index. Satrix 40 is an index tracking fund,
registered as a Collective Investment Scheme and is also listed on the JSE
Securities Exchange as an Exchange Traded Fund. The Satrix 40 provides
both the price performance of the FTSE/JSE Top 40 index as well as paying
out each quarter all the dividends received from the Top 40 companies in
this index, less the net costs of running the portfolio. In order to reduce
costs and minimise tracking error, the Satrix 40 Portfolio engages in scrip
lending activities. Manufactured (taxable) dividends could arise from such
transactions.
Fund
%
-1.90%
-0.12%
7.97%
11.54%
8.26%
136.88%
Period
Protection level
3 months
6 months
1 year
3 years*
5 years*
Since inception
240.00
190.00
140.00
90.00
40.00
Please note: The Discovery RSA Escalator Fund was converted to the Discovery Life RSA Escalator Fund
on 30/11/2012. Performance figures shown are based on the pricing data of the Discovery RSA
Escalator Fund up to the conversion date, and the Discovery Life RSA Escalator Fund pricing data since
the conversion date.
Escalator weighting
Industry holdings
Top Holdings
72%
28%
Satrix 40
Basic Materials 19.2%
Consumer Goods 28.33%
Consumer Services 12.69%
Financials 19.15%
Health Care 3.88%
Industrials 4.51%
Oil and Gas 4.3%
Telecommunication Services 7.92%
Cash Investment
Fund data
Launch date: 30 November 2012
Portfolio manager: Discovery
Initial protector premium*: 0.25%
Annual protector premium*: 1.00%
Unit price: R236.88
Fund protection level:R197.37
*The premiums quoted above exclude the underlying
investment manager charges.
SABMiller plc
Compagnie Fin Richemont
BHP Billiton plc
Naspers Ltd -NMTN Group Ltd
Anglo American plc
Sasol Limited
British American Tob plc
STANDARD
Old Mutual plc
10.98%
10.00%
9.84%
9.16%
7.12%
5.28%
4.30%
3.58%
3.17%
2.95%
Risk profile
Low
Low-mod
Mod
Mod-high
High
Additional features available when using the Discovery Invest product wrappers
Available on the following Discovery
Invest product wrappers
Feature
Description
100% Escalator Death
Guarantee
Provides a guarantee of 100% of the highest unit price achieved while you
were invested in the Discovery Life RSA Escalator Fund to ensure that all your
growth is protected if you die
Discovery Classic Retirement Plan and Discovery
Classic Preservation Plans
100% Escalator Retirement
Guarantee
Increases the guarantee of the Discovery Life RSA Escalator Fund at
retirement to 100% of the highest unit price reached while you were invested
in the Discovery Life RSA Escalator Fund
Discovery Classic Retirement Plan and Discovery
Classic Preservation Plans
Upfront Investment
Integrator
You can receive a 12.5% upfront boost to your initial contribution and if you
are a Discovery LIFE PLAN policyholder you can receive up to a 26% upfront
boost to your initial contribution
Discovery Endowment Plan (lump sum only)
As and When Investment
Integrator
Provides an immediate reduction on all administration fees, policy fees, asset
management fees and financial adviser initial fees charged
Discovery Endowment Plan
Retirement Investment
Integrator
Provides an immediate reduction on all administration fees, policy fees and
asset management fees charged
Discovery retirement Optimiser
Please note that certain terms and conditions as well as qualifying criteria and limits will apply for the abovementioned benefits. Please refer to the applicable product guides.
Contact details
Discovery
Discovery Life Collective Investments (Pty) Ltd
Physical address: 155 West Street, Sandton, 2146
Postal address: PO Box 653574, Benmore 2010
Contact centre: 0860 67 5777
Fax number: 011 539 5777
www.discovery.co.za
FAIS notice and disclaimer
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 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. Actual trade prices may differ marginally.
The assets underlying the Discovery Life Escalator Funds are held on Discovery Life’s balance sheet, except for the instrument that provides the 80% protection, which is provided by BNP
Paribas This means that you bear the risk if the Escalator Fund falls below 80% of the highest value ever reached (the protection level) and BNP Paribas is unable to meet the guarantee for
any reason whatsoever. The cash component is invested in the Discovery Corporate Cash Fund, Discovery Money Market Fund and various bank accounts. The fee on the Discovery
Corporate Cash Fund is 0.4% per annum
The information provided in the fund fact sheet should not be seen as advice. The investor confirms that neither Discovery Life or any Discovery staff provided him/her with any advice (as
defined in the FAIS act) and that he/she has taken particular care to consider on his/her own or with the assistance of his/her intermediary whether the investment chosen is appropriate
considering his/her individual needs, personal objectives and financial situation. Discovery Life shall not be liable for any actions taken by any person based on the correctness of this
information.
Discovery Life is an authorised licensed financial services provider

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