The Central Fundisa Fund shall be a fixed-interest income fund of funds portfolio.
The investment objective of the Central Fundisa Fund is to seek to achieve an investment medium for investors, which shall have as its primary objectives a reasonable level of current income and the maximum preservation of capital invested.
In order to achieve this objective, the Central Fundisa Fund will, apart from assets in liquid form, consist solely of participatory interests of fixed-interest income orientated portfolios of collective investment schemes registered in the Republic of South Africa as permitted in terms of the hosting agreement with the Association of Collective Investments (ACI), the 'Fundisa Fund' trademark holder, or any other association that may replace the ACI and who is the legal owner of the 'Fundisa Fund' trademark, and approved by the trustee from time to time.
For the purpose of this portfolio, the manager shall reserve the right to close the portfolio to new investors on a date determined by the manager. This will be done in order to be able to manage the portfolio in accordance with its mandate. The manager may, once a portfolio has been closed, open that portfolio again to new investors on a date determined by the manager.
The trustee shall ensure that the investment policy set out in this supplemental deed is carried out.