Mergence Prime Money Market Fund (D) - MPMFCD fund information

The investment objective of the Mergence Prime Money Market Fund is to provide a medium whereby investors can obtain undivided participation in a diversified portfolio of such money market instruments and assets in liquid form as defined from time to time. The primary performance objective of the portfolio is to obtain as high a level of current income as is consistent with capital preservation and liquidity. Capital gains will be of an incidental nature. Investments to be included in the portfolio will consist of money market instruments, interest rate swaps and assets in liquid form as is allowed in terms of legislation. The portfolio will be managed in compliance with prudential guidelines for retirements in South Africa to the extent allowed by the Act. Nothing contained in this supplemental deed shall preclude the Manager from varying the ratios of securities and instruments relative to each other to achieve the portfolio's objective, should changing economic factors or market conditions make this appropriate. Furthermore, nothing contained in this supplemental deed shall preclude the manager from retaining assets in liquid form in the portfolio and/or placing cash on deposit as appropriate. The Manager will be permitted to invest on behalf of the fund in offshore investments to the extent that legislation permits. The Trustee shall ensure that the investment policy set out in this Supplemental Deed is carried out by the Manager. The Manager reserves the right to close the fund to new investors to preserve the fund's ability to meet its objectives. The Manager may, after the fund has been closed, open the fund again to new investors, at its sole discretion.