** 6. Investment in listed Sub-Funds will invest in other 90% of securities must be listed on instruments collective investment schemes as Exchanges having obtained full defined in the Prospectus, the membership of the World Supplements and subject to Federation of Exchanges. Over the certain limits prescribed in counter derivative instruments that regulation. are allowed: forward currency swap, interest rate swap, exchange rate swap and index swap. **7. Non equity securities (other Sub-Funds will invest in other Must comply with limits as than issued by the Government) collective investment schemes as prescribed in Regulation defined in the Prospectus, the Supplements and subject to certain limits prescribed in regulation. **8. Investment in unlisted Sub-Funds will invest in other Maximum of 10% of portfolio value. instruments collective investment schemes as Such instruments must be valued defined in the Prospectus, the daily based on a generally Supplements and subject to recognised methodology and by a certain limits prescribed in person acceptable to trustee. regulation. 9.Investment of own resources No prescriptions. Scheme or Manager must invest 10% of own into the fund investment manager does not resources in each fund; can be invest own resources in its limited to R1,000,000 maximum per portfolios. fund. The R1m may be reduced with 10% for every R1m invested. ** 10. Borrowing 10% of Net Asset Value of Portfolio 10 % of the Value of the underlying on a temporary basis to meet portfolio permitted to meet its redemptions and for buying and obligations in relation to sale transactions. the administration of a scheme relating to settlement of buying and sale transactions and repurchase or cancellation of participatory interests. No leverage/gearing allowed for in Leveraging/Gearing portfolios as set out in each portfolio Leverage/Gearing not allowed supplement to the Prospectus Markets/Exchanges Sub-Funds will invest in other 90% of exchanges must have Listed collective investment schemes as been granted full membership of defined in the Prospectus, the the World Federation of Supplements and subject to Exchanges, the rest must follow certain limits prescribed in due diligence guidelines as regulation. prescribed by Regulation Not allowed OTC Markets**
** 6. Investment in listed instruments Sub-Funds will invest in other collective investment schemes as defined in the Prospectus, the Supplements and subject to certain limits prescribed in regulation. 90% of securities must be listed on Exchanges having obtained full membership of the World Federation of Exchanges. Over the counter derivative instruments that are allowed: forward currency swap, interest rate swap, exchange rate swap and index swap. **7. Non equity securities (other than issued by the Government) Sub-Funds will invest in other collective investment schemes as defined in the Prospectus, the Supplements and subject to certain limits prescribed in regulation. Must comply with limits as prescribed in Regulation **8. Investment in unlisted instruments Sub-Funds will invest in other collective investment schemes as defined in the Prospectus, the Supplements and subject to certain limits prescribed in regulation. Maximum of 10% of portfolio value. Such instruments must be valued daily based on a generally recognised methodology and by a person acceptable to trustee. 9.Investment of own resources into the fund No prescriptions. Scheme or investment manager does not invest own resources in its portfolios. Manager must invest 10% of own resources in each fund; can be limited to R1,000,000 maximum per fund. The R1m may be reduced with 10% for every R1m invested. ** 10. Borrowing Leveraging/Gearing 10% of Net Asset Value of Portfolio on a temporary basis to meet redemptions and for buying and sale transactions. No leverage/gearing allowed for in portfolios as set out in each portfolio supplement to the Prospectus 10 % of the Value of the underlying portfolio permitted to meet its obligations in relation to the administration of a scheme relating to settlement of buying and sale transactions and repurchase or cancellation of participatory interests. Leverage/Gearing not allowed Markets/Exchanges Listed OTC Markets** Sub-Funds will invest in other collective investment schemes as defined in the Prospectus, the Supplements and subject to certain limits prescribed in regulation. 90% of exchanges must have been granted full membership of the World Federation of Exchanges, the rest must follow due diligence guidelines as prescribed by Regulation Not allowed
NIMF%20-%20List%20of%20Similarities%20and%20Diffirences%20(Marketing).docx