CGF - Community Growth Funds

Disclaimer

Unit trusts are generally medium to long term investments. Past performance is no indication of future growth. Shorter term fluctuations can occur as your investment moves in line with the markets. Fluctuations or movements in exchange rates may cause the value of underlying international investments to go up or down. Unit trusts can engage in borrowing and scrip lending.

Each fund’s TER reflects the percentage of the average Net Asset Value of the portfolio that was incurred as charges, levies and fees related to the management of the portfolio.  A higher TER does not necessarily imply a poor return, nor does a low TER imply a good return.  The current TER cannot be regarded as an indication of future TERs.

A schedule of fees, charges and maximum commissions is available from the company. You may sell your investment at the ruling price of the day (calculated at 15h00 on a forward pricing basis). The Community Growth Money Market Fund unit price aims to be static but investment capital is not guaranteed. The total return is primarily made up of interest (declared daily at 13h00), but may also include any gain/loss 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.

Specialist equity funds may hold a greater risk as exposure limits to a single security may be higher. A feeder fund is a portfolio that, apart from assets in liquid form, consists solely of participatory interests in a single portfolio of a collective investment scheme. A fund of funds unit trust invests only in other collective investment schemes, which may levy their own charges.

Certain funds may be capped to be managed in accordance with their mandates. Different classes of units apply to these portfolios and are subject to different fees and charges.  Community Growth Management Company is a member of the Association of Collective Investments, SA.

Awards

Details of any awards are available from Community Growth Management Company Limited on request.

Initial Charge

An initial charge (from 0% to max 5.7% of the investment amount) is deducted prior to the purchase of units. This charge may include commission (up to 3.42% of the investment amount).

Service Fee

An annual service fee is calculated on the market value of the fund’s assets (excluding income and permissible deductions) and deducted from the portfolio on a monthly basis.

Further fees that may be deducted from the fund’s portfolio are compulsory and bank charges, brokerage, marketable securities tax, other taxes and levies, custodian and trustees’ fees and audit fees. A schedule of fees and charges and maximum commissions is available from the company/intermediary. The daily price is based on the current value of the fund’s assets plus income (minus expenses) divided by the number of units in issue.

Liability for Loss

Community Growth Management Company Limited shall not be responsible and disclaims all liability for any loss, liability, damage (whether direct or consequential) or expense of any nature whatsoever which may be suffered as a result of or which may be attributable, directly or indirectly, to the use of or reliance upon any information, links or service provided through this website.

Email Disclaimer

The news contained in any electronic newsletter should not be regarded as an offer to sell or a solicitation of any offer to buy any investment or to enter into an investment agreement in any jurisdiction. Information and opinions contained therein have been compiled or arrived at by Community Growth Management Company Limited from sources believed to be reliable, but Community Growth Management Company Limited does not accept liability for any loss arising from the use thereof nor makes any representation as to their accuracy or completeness.

No liability is accepted by Community Growth Management Company Limited and no representations are made as to the currency, accuracy or completeness of documents or other material in any electronic newsletter.