The TRESOR SANLAM COLLECTIVE INVESTMENTS FLEXIBLE FUND is a portfolio with aggressive risk characteristics and investments are diversified across asset classes. The primary objective is to achieve higher than average long-term capital growth. Short-term volatility in value will be reflective of the risk profile of the portfolio.

The portfolio will invest in a combination of equities, bond, money market instruments, listed property as well as international equities and fixed interest investments. The portfolio will be broadly diversified across asset classes. The asset allocation will be actively managed by the investment manager to reflect changing economic and market conditions.

The investment manager will also be allowed to invest in listed and unlisted financial instruments (derivatives) as allowed by the Act from time to time in order to achieve its investment objective.

The Manager shall be permitted to invest on behalf of the portfolio in offshore investments as legislation permits.

Apart from the above, the portfolio may also invest in participatory interests of portfolios of collective investment schemes registered in the Republic of South Africa or of participatory interests in collective investment schemes or other similar schemes operated in territories with a regulatory environment which is to the satisfaction of the Manager and the Trustee of a sufficient standard to provide for investor protection which is at least equivalent to that in South Africa.