MR JOHN DOE
12 SANTIANO
LUDWIG ROAD
CAPE TOWN
2062
M/W Retirement Annuity Fund statement
Investor name:
Investor number:
Account number:
Inception date:
MR JOHN DOE
123456
MW1234567
03 June 2019
Financial adviser details
Mr J DANE (FANTASY WEALTH PTY LTD)
M/W Client Service Centre: 0860 000 123
M/W website: www.mwexample.co.za
Fund summary for the period 11 June 2024 - 10 June 2025
Page 1 of 5
11 June 2024
opening market
10 June 2025
closing market
value
R 89,538.79
Unit price Unit price
Fund
** Summit
Seeker
Units (cents) % value Units (cents) %
100.00 R 77,831.34 100.00
Total market value R 77,831.34
R 0.00
R 77,831.34
R 89,538.79
R 0.00
R 89,538.79
Transactions in progress
Total market value incl transactions in progress
** The funds within each portfolio, along with their units and unit prices, can be seen below.
1
'Transactions in progress' shows transactions that are not finalised at the date of the statement and the value is based on latest available prices
and exchange rates where applicable.
Page 2 of 5
Summit Seeker fund summary for the period 11 June 2024 - 10 June 2025
11 June 2024
opening market
10 June 2025
closing market
value
R 8,004.20
Unit price Unit price
Fund
Acorn Equity
Fund
Wably Strategic
Income Fund
*Fairtree SA Equity
Prescient Fund
Nedgroup
Investments Core
Bond Fund
Nedgroup
Investments Core
Global Feeder Fund
Nedgroup
Investments Global
Emerging Markets
Equity Feeder Fund
Ninety One
Diversified Income
Fund
Ninety One
Diversified Income
Fund
Ninety One Equity
Fund
Ninety One Global
Franchise Feeder
Fund
Ninety One Global
Franchise Feeder
Fund
PSG Equity Fund
Truffle SCI General
Equity Fund
Units (cents) % value Units (cents) %
135.13 5,141.45 8.93 R 6,947.49 135.60 5,902.60 8.94
245.85 1,564.04 4.94 R 3,845.18 272.01 1,616.27 4.91 R 4,396.38
2,439.73 430.29 13.49 R 10,497.90 2,216.13 527.29 13.05 R 11,685.41
8,491.15 134.19 14.64 R 11,394.27 9,074.94 147.08 14.91 R 13,347.42
476.01 2,152.55 13.16 R 10,246.27 500.48 2,254.40 12.60 R 11,282.85
285.67 1,426.42 5.24 R 4,074.85 297.65 1,424.27 4.73 R 4,239.32
5,737.42 119.83 8.83 R 6,875.15 0.00 0.00 0.00 R 0.00
0.00 0.00 0.00 R 0.00 6,386.91 122.26 8.72 R 7,808.63
53.63 7,305.37 5.03 R 3,917.75 52.59 8,680.79 5.10 R 4,565.38
329.25 2,059.08 8.71 R 6,779.60 0.00 0.00 0.00 R 0.00
0.00 0.00 0.00 R 0.00 361.61 2,340.57 9.45 R 8,463.74
375.78 1,641.94 7.93 R 6,170.06 368.92 1,997.68 8.23 R 7,369.93
2,155.59 328.58 9.10 R 7,082.82 1,999.89 418.80 9.35 R 8,375.53
Total model value R 77,831.34 R 89,538.79
*Effective 1 April 2025, Prescient Management Company has changed the name of the Fairtree Equity Prescient Fund to the Fairtree SA Equity
Prescient Fund.
Savings withdrawable value as at 10 June 2025
11 June 2024 opening market value
Distributions reinvested
Switch out
Switch in
Annual administration fees for the period
Annual financial adviser fees for the period
Discretionary investment manager fees for the period
Change in unit prices
10 June 2025 market value
Activity summary for the period 11 June 2024 - 10 June 2025
Retirement component breakdown as at 10 June 2025
Components
Savings 1
Retirement 2
Vested 3
Total
1
One-third of retirement contributions made from 1 September 2024 are allocated to this component.
2
Two-thirds of retirement contributions made from 1 September 2024 are allocated to this component.
3
Accumulated retirement investment at 31 August 2024, plus future growth.
Please note:
• The savings withdrawable value excludes a portion of any blocked value of the investment, i.e. transactions in progress, investments collected from
a bank account within the last 32 business days, and ceded investments.
• According to South African legislation, you are allowed to make one pre-retirement withdrawal of at least R 2000 per account per tax year from
your retirement product’s savings component.
R 8,953.88
Rand value
R 77,831.34
R 3,117.73
-R 18,217.42
R 18,217.42
-R 477.36
-R 664.64
-R 190.03
R 9,921.76
R 89,538.79
Amount
R 8,953.88
R 0.00
R 80,584.92
R 89,538.79
Page 3 of 5
Page 4 of 5
Fees applicable to your investment (including VAT where applicable) as at 10 June 2025
Investment management
Acorn Equity Fund
Wably Strategic Income Fund
Fairtree SA Equity Prescient Fund
Nedgroup Investments Core Bond Fund
Nedgroup Investments Core Global Feeder Fund
Nedgroup Investments Global Emerging Markets Equity Feeder Fund
Ninety One Diversified Income Fund
Ninety One Equity Fund
Ninety One Global Franchise Feeder Fund
PSG Equity Fund
Truffle SCI General Equity Fund
Total
Annual fee
1
1.32%
0.41%
1.34%
0.32%
0.41%
1.30%
0.44%
1.52%
0.95%
1.51%
1.55%
0.95%
Annual fee
2
0.58%
0.58%
Annual fee
0.81%
0.23%
1.04%
Platform administration
M/W administration fee
Total
Advice
Financial adviser fees
Discretionary investment manager fees
3
Total
1
The annual investment management fee shown is the TIC for investment management. This is the unit trust's latest available total investment charge
(TIC) less any administration fee deducted within the unit trust for the administration we perform. The TIC is not a separate fee, but is a measure of the
actual expenses incurred by the unit trust, including the investment management fee and transaction costs where available.
2
This is M/W's total administration fee, inclusive of any administration fees charged within the unit trust(s), and the administration fee deducted
from your account. A breakdown of the administration fee payable on investments in each unit trust is available on your secure online account.
3
0.23% is paid to SUMMIT SEEKER INVESTMENT MANAGEMENT SOUTH AFRICA PTY LTD for Summit Seeker.
Notes
You should ensure that the funds that you select are appropriate for your needs and objectives. Please read the latest fund factsheets
(minimum disclosure documents), which offer a detailed explanation of the nature of the funds and their fee structures.
Unit prices and market values
• Some values on this statement are calculated using more decimal places than are displayed. You may find small rounding
differences when attempting to reconcile individual components back to totals.
Opening market values are based on the previous business day's unit price(s). Market values reported are based on the last
available unit price(s).
'Change in unit prices' reflects all realised and unrealised gains due to fluctuations in the units' market prices and exchange
rates where applicable.
•
•
Distributions
•
•
Distributions due: Any distributions that may be due will be included in the unit price as at the end of the quarter.
Distributions paid: Distributions paid during the calendar quarter will be shown on the statement for the applicable quarter.
Interest earned on investments
• Interest on lump sum investments may be applied to the investment amount and will be disclosed separately as 'Interest on
contribution' on the statement.
Total investment charge (TIC)
• The Total investment charge (TIC) is equal to the sum of the unit trust's latest available total expense ratio (TER) and
transaction costs. The TER is the unit trust's total expenses calculated over the last 3 years expressed as an annualised
percentage of the average value of the unit trust. If the actual TER or transaction costs are not available, an estimate is
used.
Please refer to the latest fund factsheets on our website www.mwexample.co.za for more detailed information regarding
the TER and transaction costs.
•
Annual administration fees
• The annual administration fee percentages applicable to your accounts are calculated using the market value across all local
platform, offshore platform and offshore endowment investments linked to your investor number (referred to as your ‘total
platform investments’).
For local platform accounts, your total platform investments are applied to the following fee tiers to calculate the applicable
annual administration fee percentages (excluding VAT): A maximum of 0.5% on the first R1m, 0.2% on the next R2m,
0.1% on the next R7m and 0.075% for the balance over R10m. For any investments in M/W unit trusts, the annual
administration fee percentage is a flat 0.2%.
Effective 1 March 2023, an investor is defined as a ‘new investor’ if on 28 February 2023, their investment value at M/W was
zero and they had no scheduled debit orders or regular contributions. If you are a new investor and your total
investment value is less than R50 000 (or the equivalent in US dollars), the above annual administration fee percentages will
be replaced by a flat annual administration fee of 1% (excluding VAT).
•
•
Please inform us about a change in your personal details
• The Financial Intelligence Centre Act (FICA) requires us to keep investors' personal details up to date. Please complete
the 'Change in investor details' form if there is a change to your physical/postal address, contact numbers and/or email
address. This form is available from your financial adviser, the M/W Client Service Centre on 0860 000 123 or at
www.mwexample.co.za.
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