The fund seeks to maximise interest income, preserve capital and provide immediate liquidity for investors. It will invest in a diversified portfolio of money market instruments issued only by the big retail and investment banks, the RSA Government and AAA-rated international banks in South African Rand. The maximum term of instruments included will be limited to 13 months and the weighted average duration will not exceed three months. The only risks from this fund are reinvestment risk if interest rates fall, inflation risk as well as bank credit risk.

· The average maturity of the underlying assets may not exceed 90 days · At the time of inclusion in the fund the money market instrument may not have a maturity of more than 12 months.