GRYPHON DIVIDEND INCOME FUND

FUND PROFILE 

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

INVESTMENT TERM

 

RISK

The Gryphon Dividend Income Fund is a low-risk investment product.

 

 

 

KEY FEATURES

  • Offers regular dividend income

  • Tracks local interest rate cycle

  • Low-risk profile

  • 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

FUND DETAILS

Portfolio Managers | Reuben Beelders & Sunette Swart

Benchmark | 70% of STEFI, Composite Index

Fees (Incl. VAT) | Initial 0%

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.

T. +27 21 915 5100

F. +27 21 915 5111

E. invest@gryphon.com

www.gryphon.com

 

1st Floor, Bonitas Office Park East, Southgate,

Tyger Waterfront, Carl Cronje Drive,

Tyger Valley, Bellville, 7530

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An authorized financial services provider: FSP No. 581