GRYPHON DIVIDEND INCOME FUND
The objective of the portfolio is to achieve a high level of dividend income while preserving capital and maintaining liquidity. Capital gains are of an incidental nature. The portfolio is permitted to invest in any equity or non-equity securities that generate a dividend return, and that may be included in the portfolio in terms of the Collective Investment Schemes Control Act, 2002 and other relevant legislation. Investment in participatory interests and similar schemes are also considered. The portfolio may be capped to manage the portfolio in accordance with its mandate. Income tax legislation is subject to amendment and any such changes could affect the tax status of distributions.
WHO SHOULD INVEST IN THIS FUND
Investors seeking an alternative to interest income but at the same time wish to expose their capital to minimal risk
The Gryphon Dividend Income Fund is a low-risk investment product.
Offers regular dividend income
Tracks local interest rate cycle
Minimum credit rating considered for inclusion is A1/F1
Portfolio may borrow up to 10% of the market value of the portfolio to bridge insufficient liquidity
All dividend yielding investments are secured by the top five South African banks, i.e. Standard Bank, ABSA, Nedbank, Investec and FirstRand
Portfolio Managers: Reuben Beelders & Sunette Swart
Benchmark: 70% of STEFI, Composite Index
Fees (Incl. VAT):
Annual Management Fee Fund A | 1.03%
Annual Management Fee Fund C | 0.89%
Annual Management Fee Fund C1 | 0.57% (IFA / Institutional class)
Minimum lump sum | R10,000
Minimum debit order | R2,000 p.m.