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Established in 1992, the GuardBank Industrial Fund is a "specilaist equity fund" made up mainly of shares listed in the financial and industrial sectors of the Johannesburg Stock Exchange. Mining shares are excluded.
Investments are made only in blue-chip companies and in other companies which have outstanding growth prospects. By maintaining a relatively small number of counters, the portfolio of this fund is very clearly focused.
The GuardBank Industrial Fund will suit the investor who:
- favours financial and industrial shares
- subscribes to GuardBank�s conservative investment policies
Income is declared half-yearly - at the end of June and at the end of December.
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It�s easy to invest! Investors can invest in the Industrial Fund by means of a monthly debit order or a lump sum investment or both. Just R500 is required if you are investing a lump sum or only R100 if you are investing monthly.
Payment for lump sum investments into the Industrial 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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