The Sygnia Money Market Fund is a money market portfolio that seeks to maximise interest income, preserve the portfolio’s capital and provide immediate liquidity.
“Our funds are designed to challenge the status quo, because we want our investors to feel like the world is their oyster, that everything is possible.”
Kyle Hulett, Head of InvestmentsInvestment objective and strategy
The Sygnia Money Market Fund is a money market portfolio that seeks to maximise
interest income, preserve the portfolio’s capital and provide immediate liquidity. This
low-risk money market fund aims to offer investors access to a well-diversified money
market portfolio comprised of short-term, highly liquid instruments with a maturity of less
than thirteen months. It may also invest in interest rate swaps. The fund is managed within
prudential guidelines.
What the fund invests in
| Strategic asset allocation | Percentage | Allocation |
|---|---|---|
| SA Money Market | 100 |
Risk profile
The fund has a very low risk profile, as it has a 100% strategic allocation to South
African money market instruments.
Who should invest
The Sygnia Money Market Fund has a 100% strategic allocation to South African money
market instruments and has a low risk profile. It is a suitable investment for investors
seeking to preserve capital over all time horizons. The strategy complies with Regulation
28 of the Pension Funds Act 1956, as amended, so is suitable for investors in retirement
annuities and preservation, pension and provident funds seeking a very low-risk
investment fund.
The fund is suitable for investors who would like to make a meaningful difference in the
South African landscape by supporting non-political organisations fighting corruption,
both in the public and the private sector. Sygnia donates its entire management fee for
this fund to the following organisations: OUTA, the Black Sash, Corruption Watch, the
Helen Suzman Foundation, the Council for the Advancement of the SA Constitution, the
Kgalema Motlanthe Foundation and the Ahmed Kathrada Foundation. You can invest
as little as a once-off amount of R1 000 or a regular R500 per month in the Sygnia
Money Market Unit Trust. To be clear, this is an investment and not a donation – only the
management fees are donated. You can withdraw your money at any stage.
And for how long?
0-2 years
| Initial fees | 0.00% (excl. VAT) |
| Management fees | 0.44% p.a. (excl. VAT) |
| Performance fees | N/A |
| Other expenses | 0.01% (excl. VAT) |
| VAT | 0.07% |
| Total expense ratio (TER) | 0.52% (Dec 2024) |
| Transaction costs (TC) | 0.00% (Dec 2024) |
| Total investment charge (TIC) | 0.52% (Dec 2024) |
Sygnia charges an annual management fee, calculated and accrued daily and payable
monthly in arrears.
Unit pricing
Please note that the Sygnia Money Market Fund is a variable priced fund and therefore
does not have a fixed unit price of R1.00 per unit.
Please note that the Sygnia Money Market Fund is a variable priced fund and therefore does not have a fixed unit price of R1.00 per unit.
Disclosure
Sygnia does not provide advice and therefore does not charge
advice fees. If a financial planner is appointed, initial and ongoing
advice fees may be payable as agreed upon between you and
your financial advisor. The payments of these fees are facilitated
by the linked investment service provider (LISP) and not directly
by Sygnia. A higher TER does not necessarily imply a poor return,
nor does a low TER imply a good return. The current TER may not
necessarily be an accurate indication of future TER’s. Transaction
costs are a necessary cost in administering the Financial
Product and impacts Financial Product returns. It should not
be considered in isolation as returns may be impacted by many
other factors over time including market returns, the type of
Financial Product, the investment decisions of the investment
manager and the TER.
Disclaimer
The Sygnia Group is a member of the Association for Savings
and Investment SA. Sygnia Collective Investments RF (Pty) Ltd
is a registered and approved Manager in Collective Investment
Schemes in Securities. Collective investment schemes are
generally medium to long-term investments. Sygnia Asset
Management (Pty) Limited (FSP 873), an authorised financial
services provider, is the appointed investment manager of the
Fund. The portfolio may invest in other unit trust portfolios
which levy their own fees, and may result in a higher fee
structure and that the value of investments / units / unit trusts
may go down as well as up. Past performance is not necessarily
a guide to future performance. Collective investments are
traded at ruling prices and can engage in borrowing and
scrip lending. A schedule of fees and charges and maximum
commissions is available from the Manager on request.
Performance is based on NAV to NAV calculations with
income reinvestments done on the ex-div date. Performance
is calculated for the portfolio and the individual investor
performance may differ as a result of initial fees, actual
investment date, date of reinvestment and dividend withholding
tax. The Manager does not provide any guarantee either with
respect to the capital or the return of a portfolio. Collective
investments are calculated on a net asset value basis, which
is the total market value of all assets in the portfolio including
any income accruals and less any deductible expenses such as
audit fees, brokerage and service fees. Forward pricing is used.
All the portfolio options presented are approved collective
investment schemes in terms of Collective Investment
Schemes Control Act, No 45 of 2002 (“CISCA”). The fund may
from time to time invest in foreign countries and therefore it
may have risks regarding liquidity, the repatriation of funds,
political and macroeconomic situations, foreign exchange, tax,
settlement, and the availability of information. The Manager has
the right to close any portfolios to new investors to manage
them more efficiently in accordance with their mandates. A
copy of the Minimum Disclosure Document (MDD) is available
on our website: www.sygnia.co.za