Mutual Funds/Unit Trusts

South Africa - Reitway BCI Global Property Fund

 

Fund Asset Value

ZAR 887 million

Risk profile

Moderate

Minimum Investment

ZAR 1 000 p/m

The investment opportunity

The Reitway BCI Global Property Fund, which has been approved by the South African Financial Services Board, offers a seamless exposure to a portfolio of distribution-producing global real estate securities. The fund is a South African domiciled, rand-denominated collective investment scheme investing in REITs and property-related securities via the asset swap mechanism.

While the securities are largely located in the developed markets of North America, Europe, Australia and Asia, the fund does not exclude exposure to developing economies where compelling investment opportunities present themselves.

Portfolio objectives

The fund’s primary objective is to generate high current income, however investors will reap the inherent benefits of capital appreciation that come with real estate assets. The portfolio may be invested in global real estate securities and property-related securities.

The portfolio’s property exposure will always exceed 75%. Quarterly distributions are paid in ZAR out of the proceeds received from the investments, net of fund costs and management fees a maximum of 7 days after the quarter end.

Benefits

The fund is the essence of diversification and liquid global real estate securities and offers:

  • Attractive yields
  • Quarterly distributions
  • Geographic, sector and currency diversification
  • Long-term capital appreciation
  • Tax optimisation
  • Moderate volatility

Platform / LISP availability

 

* Listed under Boutique Collective Investments (BCI)

** Restricted Access

Tax-Free Savings Account (TFSA)

TFSA was introduced as a means to encourage South Africans to build a savings pool over the long-term in a tax efficient manner.Tax payers are exempt from normal tax on income of up to R33 000 p.a. (R500 000 in total).

The Reitway BCI Global Property Fund has been listed as an investment option on the STANLIB Unit Trust Tax-Free savings Account offering. Benefits include (amongst others):

  • No tax on income
  • No capital gains on disposal

Let us assist you with this journey to tax efficient saving, click here to send Olivia Teek an email containing your Name, Surname, ID number and Tax Number. Our administrator from STANLIB will then contact you for the FICA details required as well as the additional information you would require.

Online Transaction and Statement Access

Complete the online registration form for online transaction and statement access, scan and email it to instructions@bci-transact.co.za.

Login details will be sent to you via email and your initial password will be sent via sms. once received,  log on to www.bci-transact.co.za

Apart from saving the environment, this procedure benefits you by:

• Improved Security 
• Improved Efficiency

Inception date:
31 January 2012
Portfolio category:
Global – Real Estate – General
Benchmark:
GPR 250 REIT NET TR Index

JSE code:
Class A: MGPI
Class C: MGPC

Minimum initial investment size:
ZAR 25 000

Annual management fee:
Class A: 1.25% (excl. VAT)
Class C: 0.95% (excl. VAT)

Bloomberg ticker:
Class A: BCIGLPA:SJ
Class C: BCIGLPC:SJ

Minimum monthly instalment:
ZAR 1 000
Performance fee:
No Performance fees

Valuation time:
15h00 (CAT)

Transaction time:
14h00 (CAT)

Total expense ratio:
Class A: 1.65%
Class C: 1.31%

 

ISIN Number:
Class A: ZAE000161303
Class C: ZAE000174074

Investment Horizon:
3-5 years

Statement Frequency:
Quarterly (Feb, May, Aug, Nov)
Download daily statements at:
bci-transact.co.za

Custodian:
The Standard Bank of South Africa Limited

Sub-Custodian:
Bank of New York Mellon (EMEA)

Administrator:
Boutique Collective Investments (BCI)

Disclaimer
Collective Investment Schemes (CIS) in securities are generally medium to long term investments. The value of participatory interests may go down as well as up and past performance is not necessarily a guide to the future. All CIS are traded at ruling prices and can engage in borrowing and scrip lending. A schedule of fees and charges and maximum commissions is available on request. Commission may be paid and if so, would be included in the overall costs. A fund of fund portfolio 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. Forward pricing is used. Fluctuations or movements in exchange rates may cause the value of underlying international investments to go up or down. The Fund may borrow up to 10% of the market value of the portfolio to bridge insufficient liquidity. Different classes of participatory interests apply to certain portfolios, which are subject to different fees and charges. Performance figures quoted are from Morningstar/MoneyMate, as at the date of this factsheet for a lump sum investment, using NAV-NAV prices with income distributions reinvested. Service charges and investment manager charges are calculated and accrued on the daily marketed value of the investment and paid out monthly. BCI Collective Investments Limited is the Manager of the BCI Collective Investments Scheme, and a full member of the Association for Savings and Investment SA. Although reasonable steps have been taken to ensure the validity and accuracy of the information on this website, Reitway Global (Pty) Ltd and  BCI Collective Investments Limited do not accept any responsibility for any claim, damages, loss or expense, howsoever arising, out of or in connection with the information on this website whether by a client, investor or intermediary. This information should not be seen as an offer to purchase any specific product and is not to be construed as advice or guidance in any form whatsoever. Investors are encouraged to obtain independent professional investment and taxation advice before investing with or in any of Reitway Global and BCI Collective Investments Limited’s products.