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The objective of the Lynx Prime Income Fund of Funds is to provide investors access to diversified portfolios of collective investments managed by a number of leading South African investment managers. The fund is diversified across all income producing asset classes and aims to provide investors with a combination of capital and income growth over the medium to long term with at acceptable levels of volatility, measured over a rolling 2-year period. The fund's asset allocation is suited to conservative investors with a cautious approach to risk. Investments to be included in the portfolio will, apart from assets in liquid form, also include participatory interests or any other form of participation in portfolios of collective investment schemes or other similar collective investment schemes registered in the Republic of South Africa or of participatory interests in collective investment schemes or The portfolio will have a maximum effective equity exposure (including foreign equity) of up to 10% and a maximum effective property exposure (including foreign property) of up to 25% of the market value of the portfolio. The portfolio will be permitted to invest in offshore investments in line with what applicable legislation permits. The portfolio may from time to time include forward currency, interest rate and exchange rate swap transactions for efficient portfolio management purposes. The portfolio will comply with all prudential requirements and regulations controlling retirement funds or such other applicable legislation as may be determined for retirement funds. For the purpose of this portfolio, the manager shall reserve the right to close the portfolio to new investors on a date determined by the manager. This will be done in order to able to manage the portfolio in accordance with its mandate. The manager may, once a portfolio has been closed, open that portfolio again to new investors on a date determined by the manager. Nothing contained in this supplemental deed shall preclude the manager from varying the ratio of securities and assets in liquid form in a changing economic environment or market conditions or to mee the requirements, if applicable, of any exchange recognised in terms of the legislation and from retaining cash or placing cash on deposit in terms of the deed and this supplemental deed. The Trustee shall ensure that the investment policy set out in this Supplemental Deed is carried out by the manager.
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