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This fund, established in 1995, is a "specialist equity fund" with one objective - to maximize capital growth. The fund will follow a more aggressive investment strategy than the other GuardBank equity funds with an equity market exposure of between 90% and 95%. The portfolio itself consists of cyclical stocks and second line shares underpinned by quality blue-chip shares.
Income is declared once a year at the end of December.
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It�s easy to invest! Investors can invest in the Capital Focus Fund by means of a monthly debit order or a lump sum investment or both. R10 000 is required if you are investing a lump sum or R500 if you are investing monthly.
Payment for lump sum investments into the Capital Focus Fund can be made by:
- Cheque or Cash Deposit at any Branch of First National Bank
- Credit Transfer from any Bank
- Cheque through the post
- Video Bank
- Cash or Cheque at any of the GuardBank Offices
Payment must be received by GuardBank by 15:30 in order to secure the price of the day.
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The investor pays for the value of the underlying investments as determined on the Johannesburg Stock Exchange on the day the investment is made PLUS some charges:
Compulsory Charges
These consists of Marketable Securities Tax, Stamp Duty, Brokerage and VAT. A combined maximum of 2% on entry and 0.85% on exit is levied on the equity portion of the portfolio only.Initial Charges
The selling price of GuardBank Industrial Fund units includes and initial charge, based on a sliding scale. This sliding scale is set at a maximum of 5%.Service Charges
A service charge of 1/12th of 1% (exclusive of VAT) is currently levied on the market value of the GuardBank Industrial Fund�s portfolio and is deducted from the income received by the funds.
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