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Aurora Moderate Income Fund

More about the returns

The fund aims to achieve a targeted return of 10.56% per year, net of fees, based on the strategic asset allocation shown below:

More about the instruments

  • Cash: Conventional money market and or call account instruments.
  • Short-term finance instruments: These instruments are derived from invoice discounting and or invoice factoring practices.
  • Medium and long-term debt instruments: These instruments are listed and unlisted medium and long-term debt instruments from various issuers across multiple business sectors, including but not limited to Financial Services, Local Industrial and Local Agricultural business. These instruments provide predictable income, inflation protection, and low correlation to traditional markets.

Basic Fund Information

Min Lumpsum Investment
R 1 k
Withdrawal Notice Period
30 days
Min Recurring Investment p/m
R 10 k
  • Investment term:
    Open ended
  • Surrender penalties:
    Not applicable
  • Regular withdrawal allowed:
    Yes
  • Partial withdrawal allowed:
    Yes
  • Investment top-up allowed:
    Yes – unlimited
  • Investment platform:
    LifeCycle Voluntary Investment Plan (VIP)
  • Management fees:
    0.86% p/a including VAT
Information Sheet
Download

Have any questions or require more info? Feel free to reach out to us today:
012 942 9362
hercu@auroracapitalsa.com

More about taxation

  • The fund is structured as a roll-up fund – all income received in the fund is automatically re-invested.
  • As such the nature of taxation will be that of capital gains and not interest.
  • Investors will receive an IT3c once a year from LifeCycle.
  • No tax will be withheld or paid by LifeCycle or Aurora Capital SA on behalf of the investors.

Disclaimer: Returns mentioned are not guaranteed and past performance is not an indication of future outcomes. Returns are based on a lump-sum investment with income re-invested. Aurora Capital SA (Pty) Ltd is an authorised financial services provider, regulated by the Financial Sector Conduct Authority – CAT II Lisence number 54262. For more information visit www.auroracapitalsa.com.