Appendix 11: Schedule of Similarities and Differences between Foreign (Ireland) & South African Regulations; Foreign (Ireland) & South African Collective Investment Scheme Foreign Scheme: Nedgroup Investments MultiFunds PLC (Ireland domiciled UCITS) Topic/Item Foreign Regulation South African Regulation Foreign Scheme South African Unit Trust 1.Investment restriction of instruments issued by No limit. No limit. Government 2. Investment restriction on an A Sub-Fund may invest no more Maximum of 5% of portfolio if individual security i.r.o. equity than 10 per cent. of its Net Asset company market cap is less than portfolios Value in Transferable Securities R2 billion, else 10% or money market instruments issued by the same body provided that the total value of Transferable Securities and money market instruments held in the issuing bodies in each of which it invests more than 5 per cent. is less than 40 per cent 3. Investment restriction on a A Sub-Fund may invest no more Maximum of 5% of amount in if class of security i.r.o. equity than 10 per cent. of its Net company market cap is less than portfolios Value in Transferable Securities R2 billion, else 10%. An overall or money market instruments limit of 15% of the aggregate issued by the same body amount of securities in any one provided that the total value of class issued by a concern within Transferable Securities and the same group as the manager money market instruments held across all portfolios. An overall limit in the issuing bodies in each of of 24% of the aggregate amount of which it invests more than 5 per securities in any one class issued cent. is less than 40 per cent by a concern other that a concern within the same group as the manager across all portfolios. 4.Investment restrictions for Sub-Funds will invest in other Subject to certain limits prescribed specialist funds eg. money collective investment schemes or in regulation (Applicant must Furnish detail regarding the market portfolio or fund of funds Funds” as defined in “Acceptable or feeder funds the Prospectus, the Supplements specific type of portfolio is applicable) and subject to certain limits prescribed in regulation. ** 5. Investment restrictions on 100% effective exposure restricted 100% effective exposure restricted the use of derivative instruments for purposes of efficient portfolio for purposes of efficient portfolio management only/no gearing management only/no gearing allowed allowed.
Appendix 11: Schedule of Similarities and Differences between Foreign (Ireland) & South African Regulations; Foreign (Ireland) & South African Collective Investment Scheme Foreign Scheme: Nedgroup Investments MultiFunds PLC (Ireland domiciled UCITS) Topic/Item Foreign Regulation Foreign Scheme South African Regulation South African Unit Trust 1.Investment restriction of instruments issued by Government No limit. No limit. 2. Investment restriction on an individual security i.r.o. equity portfolios A Sub-Fund may invest no more than 10 per cent. of its Net Asset Value in Transferable Securities or money market instruments issued by the same body provided that the total value of Transferable Securities and money market instruments held in the issuing bodies in each of which it invests more than 5 per cent. is less than 40 per cent Maximum of 5% of portfolio if company market cap is less than R2 billion, else 10% 3. Investment restriction on a class of security i.r.o. equity portfolios A Sub-Fund may invest no more than 10 per cent. of its Net Value in Transferable Securities or money market instruments issued by the same body provided that the total value of Transferable Securities and money market instruments held in the issuing bodies in each of which it invests more than 5 per cent. is less than 40 per cent Maximum of 5% of amount in if company market cap is less than R2 billion, else 10%. An overall limit of 15% of the aggregate amount of securities in any one class issued by a concern within the same group as the manager across all portfolios. An overall limit of 24% of the aggregate amount of securities in any one class issued by a concern other that a concern within the same group as the manager across all portfolios. 4.Investment restrictions for specialist funds eg. money market portfolio or fund of funds or feeder funds Sub-Funds will invest in other collective investment schemes or “Acceptable Funds” as defined in the Prospectus, the Supplements and subject to certain limits prescribed in regulation. Subject to certain limits prescribed in regulation (Applicant must Furnish detail regarding the specific type of portfolio is applicable) ** 5. Investment restrictions on the use of derivative instruments 100% effective exposure restricted for purposes of efficient portfolio management only/no gearing allowed 100% effective exposure restricted for purposes of efficient portfolio management only/no gearing allowed.