Objectives: The objective of the fund is to provide investors with exposure to a portfolio of international equity and fixed interest securities, constructed with the purpose of maximising return with minimum risk. The manager's specific aim is to produce an annualised return over time in excess of 10% in US Dollars, thereby expecting to outperform world equity indices. The fund provides South African investors with an opportunity to diversify their portfolios offshore and to hedge against ZAR depreciation.

Benchmark: The ZAR equivalent of the MSCI World Equity Total Return Index (developed markets)

Universe:The Feeder Fund invests in the Foord International Trust. More details of this fund can be found by visiting www.foordinternational.com. .

Annual fees: 0.35% (excl VAT). plus a 1.35% annual fee is levied in the Foord International Trust.

Other: This fund does not accept debit orders. The Foord International Trust in which the fund invests does not distribute its income, it is reinvested directly into the fund.