F. INVESTMENT DETAILS - PSG · 2017. 6. 28. · PAGE 1 VERSION 1.29 – 27 JUNE 2017 . Application Form. ESTOR DETAILSVESTOR DETAILS . A. IMPORTANT INFORMATION . PSG Collective Investments

PAGE 1 VERSION 1.29 – 27 JUNE 2017

Application Form ESTOR DETAILSVESTOR DETAILS

A. IMPORTANT INFORMATION

PSG Collective Investments (RF) Limited administers the unit trusts. It is authorised to do so as a manager in terms of the Collective Investment Schemes Control Act. In this form it is referred to as PSG Asset Management. If you require assistance in completing this application, please contact Client Services on 0800 600 168.

• Complete all sections of this application form.• Note that the PSG Wealth funds are only available for investment through a PSG adviser where appropriate solutions have been determined by the PSG advice

process.• The cut off time for processing investment transactions is 14h30 daily, with the exception of the PSG Money Market Fund which is 11h00 daily to transact at the ruling

price on the day. • For once-off collections the application must be received by 12h00 in order to transact at the ruling price on that day, with the exception of the PSG Money Market Fund

which is 11h00. • The completed application form, proof of payment, FICA documentation (certified copy) and confirmation of banking details (certified copy) should be emailed to

[email protected] or faxed to PSG Asset Management, on +27 (21) 799 8181. Please refer to the rules regarding emailed and faxed application forms as set out in the Terms and Conditions under Section O of this application form.

CCOUNT DETAILS (existing investors) B. INVESTOR DETAILS (new investors)

ESTILS

Investing entity type Individual Listed company Unlisted company Trust Sole proprietor Partnership

Retirement fund (pension, provident, benefit, RA etc) RSA Government, Provincial Administration, Municipalities

Other entity type

PSG Online BDA No. Language you would like your statement in English Afrikaans

Title (individual / authorised contact person) Initial

First name and surname (individual / authorised contact person)

Entity name (non-individual investing entity)

Method of identification Identity document

Founding document / Trust deed

Passport (non-residents)

Other

ID no./registration no. Country of birth / registration

Date of birth / registration Country of residence / operation

Country of citizenship (individual)

Country of issue (passport)

Passport no. (non-resident) Passport expiry date

Postal address

Country Postal code

Physical address or

principal place of business

Country Postal code

Please indicate whether you would prefer to receive correspondence by email or at the above postal address Email Post

Email address

Telephone home Telephone work

Cellphone Fax

Are you a domestic prominent influential person or a foreign prominent public official?

Please refer to the definition of the abovementioned at the end of Section 0 on page 9.

Yes No

mailto:[email protected]


C. TAX DETAILS

South African Income Tax

Are you a tax resident of South Africa? Yes No

Are you a registered tax payer of South Africa? Yes No

South African income tax number

Foreign Account Taxation

Are you a citizen, a resident or a tax resident of the United States of America? Yes No

Are you - or any controlling person associated with the investing entity - a resident or a tax resident anywhere other than in South Africa? Yes No

Do you have dual or multiple citizenship? Yes No

IIf you replied Yes to any of the 3 questions above, please complete and submit the Foreign Taxation Self-Certification form at www.psg.co.za/asset-management/forms Should we not receive a completed self-certification form, your application may not be processed.

Dividend Withholding Tax Are you a Regulated Intermediary? Yes No

We are required to pay Dividend Withholding Tax (DWT) on your behalf where applicable. This tax will be deducted before we pay any dividends to you or re-invest these into your investment account. Unless we receive information from you indicating otherwise, we will deduct DWT at the prevailing default rate.

Are you exempt from Dividend Withholding Tax? Yes No

If you have answered “Yes”, please select the applicable option

The investor is exempt because it is:

A A company or close corporation resident in South Africa for tax purposes.

B The South African government, provincial government or municipality.

C A non-profit organisation (approved by SARS in terms of Section 30(3) of the Income Tax Act).

D A trust contemplated in Section 37A of the Income Tax Act e.g. mining rehabilitation trusts.

E An institution, body or board contemplated in Section 10(1)(cA) of the Income Tax Act.

F A pension fund, pension preservation fund, provident fund, provident preservation fund, retirement annuity fund, beneficiary fund or benefit fund registered

by SARS in terms of Section 10(1)(d)(i) or (ii) of the Income Tax Act.

G A person contemplated in Section 10(1)(t) of the Income Tax Act, e.g. SANRAL, CSIR. H A shareholder in a registered micro business as defined in the Sixth Schedule to the Income Tax Act to the extent that the aggregate amount of the dividend

paid by that registered micro business to its shareholders during the year of assessment in which that dividend is paid does not exceed R200 000. J A person that is not a resident and the dividend is a dividend contemplated in paragraph (b) of the definition of ‘dividend’ in Section 64D (i.e. company listed

on JSE). K Portfolio of a collective investment scheme. L Any person insofar as the dividend constitutes income of that person (i.e. falls into normal tax system such as distributions made by Real Estate Investment Trusts

(REITs)). M Any person to the extent that the dividend was subject to secondary tax on companies (STC).

N Fidelity and indemnity funds contemplated in Section 10(1)d(iii) – i.e. only the two, not the other entities mentioned.

O A natural person in respect of a dividend paid in respect of a tax free investment as contemplated in Section 12T(1).

X Other (please provide description)

Y Double Taxation Agreement Z Other international agreement

Declaration for Dividend Withholding Tax Exemption In terms of Sections 64FA(1)(a)(i), 64G(2)(a)(aa) or 64H(2)(a)(aa) of the Act:

I (full names in print please)

the undersigned, declare that dividends paid to the beneficial owner are exempt, or would have been exempt had it not been a distribution of an asset in specie, from the dividends tax in terms of the paragraph of Section 64F of the Act indicated above.

Signature of investor/authorised person (capacity to sign for beneficial owner)


Date

http://www.psg.co.za/asset-management/forms


Undertaking for Dividend Withholding Tax Exemption

In terms of Sections 64FA(1)(a)(ii), 64G(2)(a)(bb) or 64H(2)(a)(bb) of the Act:

I (full names in print please)

the undersigned, undertake to inform PSG Collective Investments in writing should the circumstances of the beneficial owner, referred to in the declaration above, change.



Date

Income earned on Real Estate Investment Trust (REIT) is subject to withholding tax when the beneficiary is a non-SA resident. Interest earned on certain debt is subject to Interest Withholding Tax (IWT) when the beneficiary is a non-SA resident. REITs tax and IWT is withheld by us and paid to SARS on your behalf where applicable. If you are a non-SA resident for tax purposes, you may in addition qualify for a partial exemption of DWT/IWT. Please go to www.psg.assetmanagement/forms.co.za to download the relevant forms which you need to submit to us. In the absence of us receiving these properly completed forms we will deduct DWT, REITs tax and IWT at the prevailing default rate. It is the responsibility of the investor to consult a professional tax adviser before completing the form.

D. SOURCE OF CONTRIBUTION \

Source of amount invested (proof may be requested)

Salary Bonus Retirement Savings Inheritance Other

E. AUTHORISED REPRESENTATIVE DETAILS (Investor represented by parent/guardian or third party in terms of a Power of Attorney)

Title Surname

Initial First name

Method of identification Identity document Passport (non-resident)

ID no./registration no. Date of birth

Country of issue Passport expiry date

Country of citizenship Country of birth

Postal address

Country Postal code

Physical address or

principal place of business

Country Postal code

F. INVESTMENT DETAILS F • I apply to invest in the funds listed below, in accordance with the provisions of the Trust Deed of the Fund, at the ruling price at the close of business on the date

of receipt of the investment funds by PSG Asset Management – provided the instruction is received for processing prior to 14h30 daily, with the exception of the PSG Money Market Fund which must be received by 11h00.

• Note that the PSG Wealth funds are only available for investment through a PSG adviser where appropriate solutions have been determined via the PSG advice process.

Method of payment. (Please note no cash deposits) Cheque* Debit order Electronic transfer Once-off collection (maximum of R1 million, minimum of R2,000)**

*Cheques can be made to the credit of PSG CI (RF) INFLOW below. Please note that there is a 14 (fourteen) day holding period on a personal cheque.

**PSG Asset Management will directly debit the sum as indicated in the table below from your bank account. For applications received prior to 12h00 the investment will be at the ruling price on that day, failing which the investment will be at the ruling price of the following business day. Please refer to Section J Once-Off Authorisation for further details.

http://www.psg.assetmanagement/forms.co.za


The banking details are as follows: Bank Standard Bank Branch Thibault Square Branch code 020909 Account name PSG CI (RF) INFLOW Account number 07032 3615

Please attach your proof of payment (bank deposit slip, cheque only) to this application form. No cash deposits are allowed.

INVESTMENT AND FINANCIAL ADVISER FEE DETAILS

Fund name

Lump sum amount (min. of R2000, PSG Money Market (R25 000)

Debit order amount min. R250 per month

Income Initial advice fee

Fund Class

Service fee* (included in unit price)

and sale of units service fee

Fund Class

Sale of units service fee (clean classes)**

Reinvest

Pay out

OR Max of 2.00%

Max of 1.20% in total %

Max of 1.20%

PSG Core Funds D i rec t and ad v is ed c l ien ts Adv ise d c l ie nts

PSG Equity Fund A 0.50% E

PSG Flexible Fund A 0.25% E

PSG Balanced Fund A 0.50% E

PSG Stable Fund A 0.50% E

PSG Diversified Income Fund A 0.50% E

PSG Income Fund A 0.25% E

PSG Money Market Fund NA NA A 0.00% NA NA

PSG Global Equity Feeder Fund A 0.50% E

PSG Global Flexible Feeder Fund A 0.50% B

PSG Multi-Management Funds

PSG Multi-Management Balanced FoF A 0.50% D

PSG Multi-Management Cautious FoF A 0.50% D

PSG Multi-Management Equity FoF A 0.50% D

PSG Multi-Management Foreign Flexible FoF A 0.50% D

PSG Multi-Management Income FoF A 0.50% D PSG Wealth Funds (The PSG Wealth funds are only available for investment through a PSG adviser where appropriate solutions have been determined via the PSG Wealth advise process) PSG Wealth Creator FoF A 1.15% D

PSG Wealth Creator FoF B 0.90% NA NA

PSG Wealth Enhanced Interest Fund A 0.30% D

PSG Wealth Income FoF A 0.90% D

PSG Wealth Income FoF B 0.65% NA NA

PSG Wealth Moderate FoF A 1.15% D

PSG Wealth Moderate FoF B 0.90% NA NA

PSG Wealth Preserver FoF A 1.15% D

PSG Wealth Preserver FoF B 0.90% NA NA

PSG Wealth Global Moderate Feeder Fund A 1.15% D

PSG Wealth Global Creator Feeder Fund A 1.15% D

All income will be reinvested unless otherwise instructed. Please also note that income distribution cannot be paid into credit card or post office accounts.

Financial adviser fees The Financial Adviser may receive an initial advice fee and an annual service fee from the client. Please specify all financial adviser fees that have not been pre-populated in the above table. The total fee may not exceed 1.20% p.a. per portfolio, with the exception of the PSG Money Market Fund which may not exceed 0.50%. Refer to the table above for details of such maximums. In respect of initial fees and annual service fees, if no sale of units service fees have been specified, 0% will apply in respect thereof. If a fee higher than the maximum has been specified, the maximum will apply. Initial fees may only be taken in 0.25% increments, and annual service fees in 0.05% increments.

Service fees * Where the investment is not facilitated through a financial adviser, a fee is charged by PSG Management for administrative and related services rendered to investors.**Fund clean classes are only available where the investment is facilitated through a financial adviser and adviser fees are negotiated and recouped by sale of units.

I, the investor, hereby confirm to PSG Asset Management that the FSP indicated in section L is my appointed financial adviser and authorise the payment of the fees stipulated as in the table on page 4 to him/her. I understand that the Financial Adviser annual Advice Fee will be facilitated by the repurchase of units on a monthly basis from my investment before being paid to my appointed financial adviser.


I understand that the selected financial adviser fees are negotiated between the investor and the Financial Adviser and I cannot hold PSG Asset Management liable for acting on these negotiated instructions.

Signature of investor/Authorised signatory Capacity of Signatory

G. REGULAR WITHDRAWAL PAYMENTS (Only for investors who require regular withdrawals from their investment)

Please select the frequency: Monthly Quarterly Half yearly Yearly

Please specify the month you wish the withdrawal to commence (month) (year)

The redemption of units will take place on the 22nd of the month or should this day fall on a non-business day redemption will take place on the first business day thereafter. Payment for the PSG Money Market Fund will be made on the same day, and on the following business day for all other funds. Funds will reflect in the clients’ bank account on the next business day for all non-Standard Bank accounts. If the payment instruction is received after the 15th of the month the withdrawal payment will take effect on the 22nd of the following month.

Payments will only be made to the banking details under Section H, unless otherwise instructed in writing. PSG Asset Management does not make any third party payments.

Fund name Amount R

R

R

H. BANK ACCOUNT DETAILS OF INVESTOR

Full names of bank account holder

Name of bank

Branch code

Account number

Account type Cheque Savings

Please attach a certified copy of a cancelled cheque or your bank statement. Redemptions or payments will only be made to this account. Please be advised that bank details will be verified using an external source and may be followed up with a telephone call to the owner of the account in order to confirm bank details and the transaction.

I. DEBIT ORDER AUTHORISATION (Monthly investments)


Name of bank

Branch code

Account number

Account type Cheque Savings

Please attach a certified copy of a cancelled cheque or your bank statement. Redemptions or payments will only be made to the accounts stipulated under Section H. Please be advised that bank details will be verified using an external source and may be followed up with a telephone call to the owner of the account in order to confirm bank details and the transaction.

I, the undersigned, request and instruct PSG Asset Management to draw against my bank account the investment amounts specified in the table on page 4 of this application form. Monthly investments will be drawn on the 1st working day of each month for investment at the ruling price on that day. Should the instruction be received after the 22nd of the month, the instruction will be effective from the 1st day of the second month after the instruction is received. Please note there is a 40 (forty) day holding period on debit order payments. I hereby indemnify PSG Asset Management against any loss or damage it may suffer or incur should the recurring debit order either be reversed or not be honoured for any reason whatsoever.

1st day of (month) (year)

PAGE 6

Collection date

VERSION 1.29 – 27 JUNE 2017

All such withdrawals from my account shall be treated as though they have been signed by me personally, and I request the bank to debit my account with these drawings. I agree to pay any bank charges and costs relating to this debit order authority. Should you wish to cancel the debit order and the instruction is received after the 22nd of the month, this cancellation will only take effect from the 1st day of the following month after notice is received. Please note there is a 40 (forty) day holding period on debit order payments.

Signature of authorised bank account holder Signature of authorised bank account holder

\Date

J. ONCE-OFF COLLECTION AUTHORISATION . Bank account details for collection


Name of bank

Branch code

Account number O C E

Account type Cheque Savings CC

Reason if collection account is different from the iinvestors bank account on record

IPlease be advised that bank details will be verified using an external source and may be followed up with a telephone call to the owner of the account in order to confirm bank details and the transaction.

ON Electronic collection by the Administrator are restricted to a maximum of R1 million per debit per day (Minimum of R2000). Where a higher amount than this is requested, multiple debit instructions will be processed on consecutive working days. The funds will be deducted from the bank account on the collection date as stipulated below. Each debit instruction will be treated as a separate transaction.

Debit instruction consent per transaction (Initial)

Target fund name* (The PSG Wealth funds are only available for investment through a PSG adviser )

Rand value of debit per transaction (max of R1 million per transaction)

Income dist.

Initial advice fee - max of 2.00%

Fund Class

Service fee included in unit price (refer to table on pg 4)


Fund Class

Sale of units service fee clean classes

Reinvest

Pay out

O R Max of 1.20% in total %

Max of 1.20%

Direct and advised clients Advised clients

* Please refer to the table on page 4 for a description of the Financial Adviser Fees. Certain maximums apply to each type of fee.

For amounts in excess of R2.5 million a client direct transfer will be required.

I, the undersigned, request and instruct PSG Asset Management to draw against my bank account the investment amount in terms of this application. The initial investment will be at the ruling price on that day for applications received by 12h00, failing which each subsequent investment at the ruling price on the following day(s). The cut-off for the PSG Money Market Fund once-off collection is 11h00 and the investment will be allocated the following business day(s).

Please ensure that a once-off debit collection is allowed against your bank account. Please note there is a 14 (fourteen) days holding period on once-off debit collections.

I request the bank to debit my account with the abovementioned sum(s). I hereby indemnify PSG Asset Management against any loss or damage it may suffer or incur should the once-off debit order either be reversed or not be honoured for any reason whatsoever.

Signature of authorised bank account holder Signature of authorised bank account holder


K. PHASE-IN LUMP SUM INVESTMENTS (Phasing in is only allowed from the PSG Money Market Fund)

Lump sum investment to be phased in? Yes No

Phase-in commencing on the 5th of (Month) (year)

Last phase-in on the 5th of (Month) (year)

Target fund name* (The PSG Wealth funds are only available for investment through a PSG adviser )

Amount (min. of R2000, PSG Money Market R25 000)

Income dist.

Initial advice fee - max of 2.00%

Fund Class

Service fee included in unit price (refer to table on pg 4)


Fund Class

Sale of units service fee clean classes

Reinvest

Pay out

O R Max of 1.20% in total %

Max of 1.20%

Direct and advised clients Advised clients

* Please refer to the table on page 4 for a description of the Financial Adviser Fees. Certain maximums apply to each type of fee.

Phasing in is only allowed from the PSG Money Market Fund and is processed monthly. Phase-in’s are processed on the 5th of each month. Where this falls on a weekend or public holiday, they are processed on the first business day thereafter. Please note that a phase-in can only be processed 14 days after processing of the original investment in the case of once-off collection and cheque deposits. This may result in the phase-in being carried over to the next available date, i.e. the 5th of the following month.

L. FINANCIAL SERVICE PROVIDER (FSP) AUTHORISATION . FINANCIAL SERVICE PROVIDER (FSP) AUTHORISATION I have met with the investor prior to the investment being placed with PSG Asset Management and the necessary due diligence process as required by legislation has been satisfactorily carried out.

I, an accountable institution so defined, warrant that I have established and verified the true identity of the investor in accordance with the Financial Intelligence Centre Act 38 of 2001 (FICA) and confirm that identity checks have been undertaken to confirm that the investor’s name, address and identity as shown in this application form are true and correct. Attached please find copies of the documents evidencing the legal structure and existence of the Investor as required in Section N of the Application Form.

I confirm that I subscribe and adhere to the fit and proper requirement and other statutory obligations and criteria imposed by legislation covering advice dispensed and/ or intermediary services rendered to investors.

I declare that I am required to sign an Intermediary Partner Agreement and I shall comply with the provisions set out in the Intermediary Partner Agreement entered into between myself and PSG Asset Management.

I warrant that I have provided the investor with the minimum disclosure document and relevant information and disclosures as required by CISCA, FAIS and subordinate legislation. I confirm that the fees as stipulated in the table on page 4 have been disclosed to and agreed with the investor(s) and that I have performed and provided the investor with the EAC calculator disclosure.

Name of FSP Name of financial adviser

FSP number PSGAM adviser code

Signature of financial adviser

Date

M. EFFECTIVE ANNUAL COST

The Effective Annual Cost (EAC) is a measure which has been introduced to allow you to compare the charges you incur and their impact on investment returns when you invest in different Financial Products. It is expressed as an annualised percentage.

The EAC is made up of four components, which are added together, as shown in the results of the EAC Calculator available on our website. The effect of some of the charges may vary, depending on your investment period. The EAC calculation assumes that an investor terminates his or her investment in the Financial Product at the end of the relevant periods shown in the table. We recommend that you perform the EAC calculation before investing. To access the Effective Annual Cost Calculator in respect of the rand-denominated funds, please follow the link at http://tools.psg.co.za/EAC/AssetManagementCalculator.

http://tools.psg.co.za/EAC/AssetManagementCalculator


N. FICA REQUIREMENTS (COMPULSORY FOR ALL INVESTORS)

In terms of the Financial Intelligence Centre Act 38 of 2001, and the regulations thereto, PSG Asset Management is compelled to identify and verify the identity of its clients. We require the certified copies of:

NATURAL PERSONS 1. SA Citizen/Resident

1.1 ID document. 1.2 Proof of residential address (less than 3 months old). 1.3 A document(s) confirming Income Tax number as registered at SARS.

2. Foreign Citizens 2.1 Copy of passport 2.2 Proof of residential address (less than 3 months old).

LEGAL PERSONS 3. SA Companies

3.1 Certificate of Incorporation (CM1 or CoR15.2); Certificate of Change of Name of Company (CM9 or CoR14.3), where applicable; Notice of Registered Office and Postal Address (CoR21) bearing Registrar’s stamp and signed by the Company Secretary and Certificate of confirmation issued by CIPC or Register of Directors, Auditors and Officer (CoR39).

3.2 Proof of business address (less than 3 months old). 3.3 Document(s) confirming Income Tax number as registered by SARS. 3.4 Documents as set out in 1.1 and 1.2 above in respect of the manager, all authorised representatives, and all individuals holding 25% or more of the voting

rights at a general meeting. 3.5 Proof of authority to act for company i.e. Director’s resolution. 3.6 Documents as set out in 3.1 & 3.2 for legal persons holding 25% or more of the voting rights at a general meeting.

4. Trusts4.1 The main deed or other founding document e.g. a will. 4.2 Letters of authority from Master (SA trust) or foreign regulator (foreign trusts) to trustees. 4.3 Document(s) confirming Income Tax number as registered by SARS. 4.4 Documents as set out in 1.1 and 1.2 respectively in respect of an individual founder of the trust, each individual trustee, each individual beneficiary and all

authorised representatives. 4.5 A death certificate or certificate of deregistration where founder died or the trust ceased to exist. 4.6 Documents as set out in 3.1 and 3.2 in respect of any institutional beneficiaries, any institutional trustees or institutional founder of the trust.

Further information is contained in the complete FICA requirements document, which can be downloaded from the manager’s website at www.psg.co.za/asset-management/forms or is available on request from the manager.

O. TERMS AND CONDITIONS

• I hereby apply to invest the mentioned amount (s), in accordance with the provisions of the Trust Deed of the Fund, on the terms and conditions of this ApplicationForm at the price ruling on the date of receipt of the funds by PSG Asset Management subject to the application having been received before 11h00 for the PSG Money Market Fund, 12h00 for once-off collections and before 14h30 for all the other funds on the business day.

• This application form and the Deed will form the agreement between the investor and PSG Asset Management. The Agreement will be administered in terms of the Collective Investment Schemes Control Act, 45 of 2002 (“the Act”). This Agreement shall be construed and interpreted in accordance with the laws of the Republic of South Africa.

• It is the policy of the PSG Asset Management Board of Directors to comply with South African money laundering legislation to prohibit and actively prevent the use of its worldwide operations for criminal purposes. When any investment is made, additional documentation for identification and verification purposes may be requested to enable compliance with money laundering regulations.

• Participatory interests will be bought at the NAV price calculated on that day.

• Participatory interests will be sold at the NAV price and paid to the investor in accordance with the requirements of the Act and the relevant Trust Deed.

• The fully completed application form, together with proof of deposit and any additional supporting documentation as required by PSG Asset Management must be received before 14h30, or 11h00 for the PSG Money Market Fund, to be transacted at the closing price for that day.

• Requests to redeem from the PSG Money Market Fund must be received by PSG Asset Management before 11h00 to be transacted on that day.

• PSG Asset Management will not proceed with any transaction if there is any doubt as to the validity of any signatures or if PSG Asset Management deem the instructionto be incomplete in any way. An instruction will be deemed complete on receipt of cleared identifiable funds in the correct bank account and all requested information.

• All payments will be electronically transferred into the bank account of the investor only. Payments will only be made to the banking details stipulated underSection H. PSG Asset Management does not make any third party payments.

• Only signed written instructions from the investor or its duly authorised representative will be acted upon.

• In the event that this application form or any subsequent instruction is faxed to PSG Asset Management, the responsibility of ensuring that the instruction has been received and actioned by PSG Asset Management will lie with the instructor (investor). A fax confirmation in the hands of the sender will not be regarded as proof that PSG Asset Management has received a specific document.

• The Manager may borrow up to 10% of the market value of the portfolio where insufficient liquidity exists in the portfolio, or where assets cannot be realised torepurchase, or cancel participatory interests.




• A schedule of fees and charges and maximum commissions is available from PSG Asset Management. Please refer to the fund summary of this application form marked Annexure A for a list of the fees applicable to each of the portfolios.

• The annual management fee is levied monthly on the daily value of the portfolio.

• Commission and incentives may be paid and if so, would be included in the overall cost.

• Distributions are reinvested, unless otherwise instructed, and investors are allocated additional participatory interests in the portfolio.

• Investment statements will be issued quarterly.

• PSG Asset Management will not be liable for any loss incurred due to incorrect information being supplied by the investor.

• Without prejudice to any other rights which PSG Asset Management may have in terms hereof or at law the Investor agrees that PSG Asset Management shall be entitled to recover from the Investor any amount of money paid to the investor, which the investor is not entitled to for whatsoever reason, including interest thereon.

• The investor’s domicilium citandi et executandi for all notices and processes to be given in terms hereof, is the address detailed on this application form or asnotified in writing to PSG Asset Management.

• Should PSG Asset Management be prevented from fulfilling any of its obligations in terms of this application as a result of an event not within the reasonable control of PSG Asset Management, those obligations shall be deemed to have been suspended to the extent that and for as long as PSG Asset Management is so preventedfrom fulfilling those obligations.

• Only emailed instructions sent to [email protected] will be acted on.

• A domestic prominent influential person is an individual who holds including in an acting position for a period exceeding six months, or has held at any time in thepreceding 12 months, in the Republic, a prominent public function including that of: The President or Deputy President, A government minister or deputy minister, The Premier of a province, A member of the Executive Council of a province, An Executive mayor of a municipality, A leader of a political party, the head, accounting officer or chief financial officer of a national or provincial department, all municipal managers, chairperson of the controlling body of a public entity listed to the Public Finance Management Act, an executive officer of a Municipal entity, member of a royal family, a constitutional court judge, an officer of the South African National DefenceForce above the ranking of the major general, an ambassador or high commissioner or other senior representative of a Foreign government based in the Republic, the position of chairperson of the Board of Directors and other executives of the a Company as defined in the Company’s Act, if the company provides goods or servicesto an organ or state and the position of head or other executive directly accountable to that head of an international organization based in the Republic.

• A foreign prominent public official is an individual who holds, or has held at any time in the preceding 12 months, in any foreign country a prominent Publicfunction including that of a, head of state, country or government, member of foreign royal family, senior judicial official, high-ranking member of the military.

P. UNCLAIMED ASSETS

• As a member of the Association for Savings and Investment SA (ASISA), PSG Asset Management follows ASISA’s Unclaimed Assets standard. An unclaimed asset is any unit trust investment on which there have been no transactions for ten years, or in the case of a deceased estate, more than three years have passed since we havereceived the notice of death. PSG Asset Management will continue reinvesting all income distributions and redemption payments until the unit trust is sold, regardless of the time frame.

• PSG Asset Management will follow a process of tracing investors or beneficiaries on any unclaimed assets. Any reasonable administrative costs incurred to trace theinvestor may be recovered from the value of the portfolio, thereby reducing the value of your investment. Tracing will cease where the value of the unit trust investmentis less than R1000 and the costs of tracing exceeds the benefit of tracing.

• To prevent your investment becoming an unclaimed asset, it is your responsibility to inform us of any change in your personal information.

• I consent to PSG Asset Management using, including sharing my personal information, to facilitate the tracing process where required.

Q. PROCESSING OF YOUR PERSONAL INFORMATION

• PSG Asset Management collect personal information about you to process your investment. PSG Asset Management will not share this information outside of the PSG Group, its associated groups or agents, without your consent. To provide you with an effective service, PSG Asset Management may be required to share thisinformation with its administrators or agents who perform certain services for us (e.g. mail houses who post your statements on PSG’s behalf), your financial adviser or broker, as well as with any regulatory bodies as the law requires. PSG Asset Management may share your information with foreign regulatory bodies if required.

• Your information is used for administrative, operational, audit, marketing, research, legal and record keeping purposes. PSG Asset Management will take all reasonable steps necessary to secure the integrity of any personal information which we hold about you and to safeguard it against unauthorised access. You have access to your information at any time and can ask us to correct any information we have in our possession.

R. COMPLIANCE DEPARTMENT

Please do not hesitate to contact us if you are not satisfied with this investment or the services from the Management Company. A complaint must be submitted to the Compliance Officer. The contact address of the Compliance Officer is: 1ST Floor, PSG House, Alphen Park, Constantia Main Road, Constantia, 7806 or email [email protected]. The Compliance Officer will acknowledge the complaint in writing and will inform you of the contact details of the persons involved in the resolution thereof.




COMPLAINTS If an investor is not satisfied with the response from PSG Asset Management or if an investor has a complaint about the advice given by the Financial Adviser, he/she has the right to address his/her complaint in writing to the Ombud for Financial Services Providers.

P O Box 74571, Lynnwood Ridge, 0040 Telephone: +27 (12) 470 9080 Fax: +27 (12) 348 344 Email: [email protected]

S. AUTHORISATION, DECLARATION AND ACKNOWLEDGEMENT

• I, the undersigned, hereby authorise PSG Asset Management to act upon instructions by facsimile with regard to my investment in PSG Asset Management without liability in respect of any transfer, payment or other act done in accordance with such instructions and notwithstanding the absence of proof that the same was signed or sent by me/us and indemnify PSG Asset Management against any claim that may arise from my transacting by facsimile/email.

• I warrant that the information contained herein is true and correct, and that, where this application is signed in a representative capacity, I have the necessaryauthority to do so and that this transaction is within my powers.

• I acknowledge and accept that the information contained in this form and information about the account holder may be provided to SARS who may share it with my local tax authority to adhere to the Foreign Accounts Tax Compliance Act (‘FATCA’) and the Organisation for Economic Co-operation and Development’s (‘OECD’)Common Reporting Standard (‘CRS’).

• I understand that if the information provided in this form changes in future, I have to provide the changed information within 30 days.

• I warrant that all funds invested with PSG Asset Management are not the proceeds of unlawful activities and warrant that I have not contravened any anti-moneylaundering legislation and regulation applicable to me/us.

• I understand that this whole application, read with the Trust Deed, constitutes the entire agreement between PSG Asset Management and myself/ourselves and agree to be bound by the terms and conditions contained herein.

• I hereby consent to PSG Asset Management making enquiries of whatsoever nature for the purpose of verifying the information disclosed and consent to PSG Asset Management obtaining any other information about me/us from any source whatsoever to enable PSG Asset Management to process this application form.

• I confirm that I have read and understand the terms and conditions as set out in this application form and attached documents and agree to be bound by it, prior tocompleting the application form.

• I are aware of and consent to all costs relating to the investment.

• I confirm that I understand the risk profile of this investment and that it is my obligation to familiarise myself/ourselves with and accept the risks associated with this investment.

• I confirm that I have read and understood the minimum disclosure documents of the chosen fund/s selected for investment, the general terms, conditions anddeclarations and acknowledge that further information is available on PSG’s website at www.psg.co.za/asset-management.

• I confirm that I have performed the Effective Annual Cost calculation at http://tools.psg.co.za/EAC/AssetManagementCalculator and obtained all costs applicable tomy planned investment.

Signature of the investor / Authorised signatory Capacity of Signatory

Print name

Date

Collective Investment Schemes in Securities (Unit Trusts) are generally medium to long term investments. The value of participatory interests (units) may go down as well as up and past performance is not a guide as to future performance. Collective Investment Schemes are traded at ruling prices and can engage in borrowing and scrip lending. The price of participatory interests (units) and the amount of income distributed or accumulated may go down as well as up. The manager does not provide any guarantee either with respect to the capital or the return of a portfolio. Commission and incentives may be paid and if so, are included in the overall costs. The PSG Money Market Fund will maintain a constant price. Money Market is not a bank deposit account. Excessive withdrawals from the portfolio may place the portfolio under liquidity pressures, and in such circumstances a process of ring-fencing of withdrawal instructions and managed pay-outs over time may be followed. In the case of abnormal losses the capital value of the Money Market portfolio can be reduced. A fund of funds portfolio only invests in other Collective Investment Schemes, which levy their own charges, which could result in a higher fee structure for these portfolios. A feeder fund is a portfolio that, apart from assets in liquid form, consists solely of participatory interests in a single portfolio of a collective investment scheme which levies its own fees which could result in a higher fee structure. Fluctuations or movements in exchange rates make cause the value of underlying international investments to go up or down. Foreign securities in a portfolio creates material risk such as potential constraints on liquidity and the repatriation of funds, macro-economic , political, foreign exchange, tax, settlement risks and limited market information. Some of the portfolios may be capped at any time in order for them to be managed in accordance with their mandate. Different classes of participatory interests can apply to these portfolios and are subject to different fees and charges. PSG Collective Investments (RF) Limited is a member of the Association for Savings and Investment SA (ASISA).


http://www.psg.co.za/asset-management

http://tools.psg.co.za/EAC/AssetManagementCalculator

VERSION 1.29: 27 JUNE 2017

Name of Fund Fund Category Benchmark Investment Objective Risk

Profile Income Dist.

Annual Management Fee

Performance Fee*

Max. Initial Financial Adviser Fee

Service Fee

Max. Financial Adviser Fee

PSG Equity Fund South African - Equity - General

FTSE/JSE All Share Total Return Index

The fund is a general equity fund and the manager in selecting securities for the portfolio, will seek to offer investors long-term capital growth and earn a higher rate of return than that of the South African equity market as represented by the All Share Index including income, without assuming a greater risk.

High 28 Feb 31 Aug

Class A: 1.50%

Class E: 0.75%

N/A

20% of performance above benchmark measured over a rolling 24 month basis

A performance fee cap of 2.00% p.a. is applied every calendar quarter.

2.00%

2.00%

Class A: 0.50%

Class E: 0.00%

Class A: 0.70%

Class E: 1.20%

PSG Flexible Fund South African - Multi Asset - Flexible

Inflation + 6% Achieve superior medium- to long- term capital growth through exposure to selected sectors of the equity, bond and money markets.

Moderate to High

28 Feb 31 Aug

Class A: 1.00%

Class E: 0.75%

7% of out-performance of High Watermark

7% of out-performance of High Watermark

2.00%

2.00%

Class A: 0.25%

Class E: 0.00%

Class A: 0.95%

Class E: 1.20%

PSG Balanced Fund South African - Multi Asset - High Equity

Inflation + 5% Provide long-term capital growth and a reasonable level of income.

Moderate to High

28 Feb 31 Aug

Class A: 1.50%

Class E: 1.00%

N/A

N/A

2.00%

2.00%

Class A: 0.50%

Class E: 0.00%

Class A: 0.70%

Class E: 1.20%

PSG Stable Fund South African - Multi Asset - Low Equity

Inflation + 3% over rolling 3 year period

Generate a performance return of Inflation + 3% over a rolling three year period, while aiming to achieve capital appreciation with low volatility and a low correlation to equity markets through all market cycles.

Moderate 28 Feb 31 Aug

Class A: 1.50%

Class E: 1.00%

N/A

N/A

2.00%

2.00%

Class A: 0.50%

Class E: 0.00%

Class A: 0.70%

Class E: 1.20%

PSG Diversified Income Fund South African - Multi Asset - Income

Inflation + 1% Preserve capital and to maximize income returns for investors.

Low to Moderate

28 Feb 31 May 31 Aug 30 Nov

Class A: 1.00%

Class E: 0.60%

N/A

N/A

0.50%

2.00%

Class A: 0.50%

Class E: 0.00%

Class A: 0.70%

Class E: 1.20%

PSG Income Fund South African - Interest Bearing - Short Term

STEFI Composite Index

Maximise income and preserve capital while achieving long-term capital appreciation as interest rate cycles allow.

Low to Moderate

28 Feb 31 May 31 Aug 30 Nov

Class A: 0.65%

Class E: 0.40%

N/A

N/A

0.50%

2.00%

Class A: 0.25%

Class E: 0.00%

Class A: 0.95%

Class E: 1.20%

PAGE 10

ANNEXURE A: CHARACTERISTICS, OB JECTIVES AND FEES

All fees reflected are maximum fees EXCLUSIVE OF VAT * Frequently asked questions on performance fees are available on the website www.psg.co.za/asset-management/Performance-Fee-Frequently-Asked-Questions

http://www.psg.co.za/asset-management/Performance-Fee-Frequently-Asked-Questions






Service Fee Max. Financial Adviser Fee

PSG Money Market Fund South African - Interest Bearing - Money Market

South African - Interest Bearing Money Market Mean

The Fund aims to provide capital security, a steady income yield and high liquidity.

Low Monthly Class A: 0.50% 0.00% Class A: 0.00% Class A: 0.50%

PSG Global Equity Feeder Fund Global - Equity - General

MSCI Daily Total Return Net World USD Index (in ZAR)

The fund aims to outperform the average of the world’s equity markets, as represented by the MSCI Daily Total Return Net World USD Index (in ZAR) (the “Benchmark”).

High 28 Feb Class A: 0.75%

Class E: 0.25%

2.00%

2.00%

Class A: 0.50%

Class E: 0.00%

Class A: 0.70%

Class E 1.20%

PSG Global Flexible Feeder Fund Global - Multi Asset - Flexible

USD Inflation rate + 6% (in ZAR)

Achieve superior medium- to long-term capital growth through exposure to selected sectors of the global, bond and money markets.

Moderate to High

28 Feb Class A: 0.75%

Class B: 0.25%

2.00%

2.00%

Class A: 0.50%

Class B: 0.00%

Class A: 0.70%

Class B: 1.20%

PSG Multi-Management Balanced Fund of Funds

South African - Multi Asset - High Equity

South African - Multi Asset - High Equity Mean

The investment objective of the portfolio is to obtain long-term capital growth at moderate risk levels.


Class A: 1.00%

Class D: 0.40%

2.00%

2.00%

Class A: 0.50%

Class D: 0.00%

Class A: 0.70%

Class D: 1.20%

PSG Multi-Management Cautious Fund of Funds

South African - Multi Asset - Low Equity

South African - Multi Asset - Low Equity Mean

The fund aims to provide a balance between growth and income and to achieve long-term capital growth at moderate to conservative levels.

Low to Moderate

28 Feb 31 Aug

Class A: 1.00%

Class D: 0.40%

2.00%

2.00%

Class A: 0.50%

Class D: 0.00%

Class A: 0.70%

Class D: 1.20%

PSG Multi-Management Equity Fund of Funds

South African - Equity - General

South African - Equity – General Sector Mean

The fund aims to seek maximum returns for investors within an acceptable level of risk.

High 28 Feb 31 Aug

Class A: 1.00 %

Class D: 0.40%

2.00%

2.00%

Class A: 0.50%

Class D: 0.00%

Class A: 0.70%

Class D: 1.20%

PSG Multi-Management Foreign Flexible Fund of Funds

Global - Multi - Asset - Flexible

Global - Multi - Asset - Flexible Mean

The primary objective of the portfolio is long term capital appreciation through active asset allocation management of a diversified portfolio of collective investment schemes.

Moderate to High

28 Feb 31 Aug

Class A: 1.50%

Class D: 0.40%

2.00%

2.00%

Class A: 0.50%

Class D: 0.00%

Class A: 0.70%

Class D: 1.20%

PSG Multi-Management Income Fund of Funds

South African - Multi Asset - Income

Alexander Forbes Short Term Fixed Interest Index (STEFI)

The fund aims to provide relative capital stability and to maximise income returns for the investor.

Low 28 Feb 31 May 31 Aug 30 Nov

Class A: 1.00%

Class D: 0.40%

0.50%

2.00%

Class A: 0.50%

Class D: 0.00%

Class A: 0.70%

Class D: 1.20%

PAGE 11






Service Fee Max. Financial Adviser Fee

PSG Wealth Creator Fund of Funds

South African - Equity - General

South African - Equity - General Mean

The primary objective of the portfolio is to achieve capital growth over the long-term. Income is not a main objective for this portfolio.

High 28 Feb 31 Aug

Class A: 1.50%

Class B: 1.25%

Class D: 0.40%

2.00%

2.00%

2.00%

Class A: 1.15%

Class B: 0.90%

Class D: 0.00%

Class A: 0.05%

Class B: 0.30%

Class D: 1.20%

PSG Wealth Enhanced Interest Fund

South African - Interest Bearing - Short Term

South African - Interest Bearing - Money Market Mean

The primary objective of the portfolio is to maximise the current level of income while providing maximum stability of capital invested. The portfolio will aim to achieve performance returns in excess of money market yields and current account yields by taking marginally more risk.

Low Monthly Class A: 0.70%

Class D: 0.40%

1.00%

1.00%

Class A: 0.30%

Class D: 0.00%

Class A: 0.90%

Class D: 1.20%

PSG Wealth Income Fund of Funds

South African - Multi Asset - Income

STEFI 12 months NCD rates

The primary objective of the portfolio is to achieve income with some long-term capital appreciation as interest rate cycles allow.

Low 28 Feb 31 May 31 Aug 30 Nov

Class A: 1.25%

Class B: 1.00%

Class D: 0.40%

2.00%

2.00%

2.00%

Class A: 0.90%

Class B: 0.65%

Class D: 0.00%

Class A: 0.30%

Class B: 0.55%

Class D: 1.20%

PSG Wealth Moderate Fund of Funds

South African - Multi Asset - High Equity

South African - Multi Asset - High Equity Sector Mean

The primary objective of the portfolio is to achieve medium to longer term capital growth within an acceptable level of volatility during any market cycle.


Class A: 1.50%

Class B: 1.25%

Class D: 0.40%

2.00%

2.00%

2.00%

Class A: 1.15%

Class B: 0.90%

Class D: 0.00%

Class A: 0.05%

Class B: 0.30%

Class D: 1.20%

PSG Wealth Preserver Fund of Funds

South African - Multi Asset - Low Equity

Inflation + 3% over a rolling 3 year period

The objective of the portfolio is to achieve medium to longer term capital growth within an acceptable level of volatility during any market cycle.

Low to Moderate

28 Feb 31 Aug

Class A: 1.50%

Class B: 1.25%

Class D: 0.40%

2.00%

2.00%

2.00%

Class A: 1.15%

Class B: 0.90%

Class D: 0.00%

Class A: 0.05%

Class B: 0.30%

Class D: 1.20%

PSG Wealth Global Moderate Feeder Fund

Global - Multi Asset - Flexible

GIFS USD Flexible Allocation (ZAR)

The primary objective of the portfolio is to provide long term capital growth and to create and internationally diversified investment medium for investors.

Moderate to High

28 Feb Class A: 1.50%

Class D: 0.40%

2.00%

2.00%

Class A: 1.15%

Class D: 0.00%

Class A: 0.05%

Class D: 1.20%

PSG Wealth Global Creator Feeder Fund

Global - Equity - General

GIFS Global Large-Cap Blend Equity (ZAR)

The primary objective of the portfolio, via its holding in the underlying fund, is to maximize returns through active management of a diversified portfolio of equity based collective investment schemes established, recognized or regulated in any approved country, and assets in liquid form.

High 28 Feb Class A: 1.50%

Class D: 0.40%

2.00%

2.00%

Class A: 1.15%

Class D: 0.00%

Class A: 0.05%

Class D: 1.20%

PAGE 12