The SaltLight SNN Worldwide Flexible Fund will aim to maximise total returns over the long term for investors by actively investing across different asset classes, both locally and offshore. The portfolio will invest in a diversified mix of listed and unlisted worldwide instruments, including but not limited to, equities, bonds, property, preference shares, debentures, fixed interest securities and money market instruments. The portfolio is permitted to invest into listed and unlisted financial instruments as determined by regulations from time to time. The portfolio shall have maximum flexibility in terms of asset allocation and shall not be precluded from continually varying the underlying exposure to both local and offshore assets. The portfolio will employ asset and geographical allocations to reflect changing economic and market conditions to maximise returns over the long term.
The portfolio may apart from assets in liquid form also include participatory interest or any other form of participation in portfolios of collective investment schemes or other similar schemes. Where the aforementioned schemes are operated in territories other than in South Africa, participatory interest or any other form of participation in these schemes will be included in the portfolio only where the regulatory environment is to the satisfactionof the Manager and the Trustee and is of a sufficient standard to provide investor protection at least equivalent to that in South Africa.
Nothing in this supplemental deed shall preclude the manager from varying the ratio of instruments, to achieve the investment objective and investment potential in a changing economic environment or market conditions or to meet the requirements, if applicable, of any exchange formally recognized in terms of legislation and from retaining cash or placing cash on deposit in terms of the deed and supplemental deed thereto; provided that the manager shall ensure that the aggregate value of the assets comprising the portfolio shall consist of instruments of the aggregate value required from time to time by the Act.
The Trustee shall ensure that the investment policy set out in this supplemental deed, the Deed and in all Supplemental Deeds thereto is carried out.
The Manager, in consultation with the investment manager, reserve the right to close the portfolio to new investors on a date determined by the Manager. This will be done to allow the portfolio to be managed in accordance with its mandate. The Manager may, once a portfolio has been closed, reopen that portfolio again to new investors on a date determined by the manager.

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