Investment objective

To provide a fixed above-average income, while preserving the capital investment amount, with 100% capital allocation.

Suitable for investors who:

  • Require a medium-term investment
  • Are risk-averse but seek market standard returns
  • Require a monthly income, after tax
  • Require 100% allocation of capital invested
  • The security of investing in listed preference shares

Class E Preference Share Performance vs Common SA Benchmarks

Graph is for illustrative purposes only. The data excludes all fees and taxes that may be applicable. For illustrative purposes, monthly income distributions were added back to the capital amount to express total return on investment. Income from this investment is paid monthly, net of tax, and is not automatically reinvested.

Ecsponent Financial Services is an authorised financial service provider registered with the Financial Services Board under license number FSP 32968 and provides investors with the information and advice they need to make investment decisions that are appropriate to their own needs. Ecsponent Financial Services is a wholly-owned subsidiary of Ecsponent Limited.

Annual rate of return paid to investors

Investment value Gross rate
Minimum R 200 000 11.25%

* Gross rate less 20% Dividend Withholding Tax

Key features

Minimum Investment

R 200 000

Series Number

Refer to Annual Pricing Supplement 1

Product Profile

Moderate

Time Horizon

5 years

Portfolio Size

R 1 052 472 100

Launch Date

Fourth Quarter 2014

Performance Target

Fixed dividend rate payable monthly. ***

Industry Category

Listed Preference Shares

* Not to be seen as a risk rating on your investment portfolio.

** Information correct as at 4 October 2017.

*** In accordance with the latest dividend calendar and memorandum.

Fees

Initial Fee 0%
Administration Fee 0.25%
Total Expense Ratio 0.25%

Investment description

A five-year, fixed rate, redeemable, cumulative, non-participating preference share with a redemption amount at 100% of initial issue price. Each share pays a monthly dividend. Dividend withholding tax at 20% will apply.

Investment portfolio

Ecsponent Limited is an industry leader in the provision niche market investment products based on secured and JSE-listed preference shares. Ecsponent has a strong future-based investment philosophy and deploys investment funding to companies that demonstrate a strong growth track-record, coupled with untapped commercial potential that can result in above average investment returns.

Portfolio breakdown

  • Private Equity
  • Financial Services
  • Cash
  • Fixed Assets

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