SOUTH AFRICA - REITWAY BCI GLOBAL PROPERTY FEEDER FUND

FUND ASSETS UNDER MANAGEMENT

R638m @ 31/01/24

FUND OBJECTIVE

Growth

MINIMUM INVESTMENT

None

THE INVESTMENT OPPORTUNITY

The Reitway BCI Global Property Feeder Fund, which has been approved by the South African Financial Sector Conduct Authority (FSCA), 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.

INVEST NOW

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 80%.

BENEFITS

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

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

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 contributions of up to R36 000 per tax year. (There is a total lifetime limit of R500 000).

The Reitway BCI Global Property Feeder Fund has been listed as an investment option on various Unit Trust Tax-Free savings Account offerings (Glacier, Momentum and Stanlib).

Benefits include (amongst others):

  • No tax on the income derived from the investment
  • No capital gains on the disposal of the investment

Let us assist you with this journey to tax efficient saving. Send Olivia Teek an email ([email protected]) containing your Name, Surname, ID number and Tax Number. Our administrator will then contact you for the FICA details required as well as the additional information you would require.

Daily NAV Pricing Process
  • Day 1: The portfolio NAV (in USD) is derived by applying the respective exchange rates to the individual REIT holdings at the New York close
  • Day 2: The portfolio NAV derived for the Day 1 closing prices is published at 13h00 SAST
  • Day 3: The administrator publishes the ZAR NAV by applying the ZAR/USD rate at 24h00 to the published recipient portfolio NAV of Day 2.

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:
No minimum specified

Annual portfolio management fee:
Class A: 0.40% (excl. VAT)
Class C: 0.20% (excl. VAT)

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

Minimum monthly instalment:
No minimum specified

Performance fee:
No Performance fees

Valuation time:
15h00 (CAT)

Transaction time:
14h00 (CAT)

Total expense ratio:
Class A: 1.57%
Class C: 1.34%

LEI number:
BCI: 37890091B35C9BB28E24
Reitway: 378900473AFA9B423081

ISIN Number:
Class A: ZAE000161303
Class C: ZAE000174074

Suggested 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:
Apex Group 

PLATFORM / LISP AVAILABILITY