SYGNIAUMBRELLA RETIREMENT FUND

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TAKE YOUR EMPLOYEES SURFING.THEY’LL LOVE YOU FOR IT. We have created an entirely new wave of retirement savings solutions.

A wave of solutions perfectly shaped to serve your employees – both before and after they retire.

SUPERIOR INVESTMENT PERFORMANCE. COMPREHENSIVE BENEFIT DESIGN.

TRANSPARENT. COST-CONSCIOUS. HIGHLY SOPHISTICATED.

YET SIMPLE TO USE.

Welcome to the Sygnia Umbrella Retirement Fund. Welcome to SURF.

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ONE FEE. FOR ALL. AT LAST.No administration fees. No consulting or transactional fees. No creatively named charges. Just one all-in fee, equivalent to the investment management fees levied by most retirement funds. The fee saving translates into an immediate enhancement to the value of your employees’ savings.

THE ENDLESS SUMMERSURF is the first umbrella fund solution in the country to provide for your employees’ retirement savings needs throughout their lifetimes in a comprehensive and cost-effective manner.

Umbrella funds are traditionally seen as retirement savings vehicles for pre-retirement savings only. SURF aims to change that. It is the first umbrella fund in South Africa to allow members to retain their membership if they resign from employment or retire.

On withdrawal, your employees can seamlessly preserve their savings within the fund, using the same investment options. At retirement, they have access to living and guaranteed annuities endorsed by the trustees. They can invest in combinations of these according to their needs, or follow the default set by the trustees.

SURF provides a truly revolutionary approach to managing savings both pre- and post-retirement.

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FULLY STREAMLINEDWe have simplified things wherever possible, empowering your employees to secure a better financial future for themselves.

In brief:

f easily understandable benefit structures f best-practice default strategies for investments, preservation and retirement which reflect the spirit of regulatory reform

f transparent and low-fee structures f leading-edge technologies which provide members and employers with easy access to information

This means you can relax, breathe easy, and focus on running your business.

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RIDE YOUR OWN WAVESURF offers you the choice of four default life-stage models that expertly blend actively and passively managed risk-profiled portfolios. You select the approach that best suits the needs of your employees. And to make the ride even more comfortable, members may opt out of the employer-selected default and invest in a limited range of multi-manager and single manager investment portfolios of their own choice. There are no extra fees if they do. No switching fees, either.

AND RIDE IT WELLWe always keep our eyes on the horizon. In our business that means delivering consistent top-quartile investment results year after year. Our unique investment technique recognises the merits of both active and passive approaches to managing money, as well as the importance of diversification and risk management. Result? Investment products that consistently deliver on the promise of peer group outperformance.

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MANAGEMENT FEESDESTROY VALUE

20.1%

LOST TO FEES 35.7%

LOST TO FEES

R 13 781 217RETURN*

0%

FEE

R 11 011 071RETURN*

1%

FEE

R 8 867 450RETURN*

2%

FEE

R 7 202 787RETURN*

3%

FEE

R 5 904 813RETURN*

4%

FEE

R 4 888 085RETURN*

5%

FEE

47.7%

LOST TO FEES 57.2%

LOST TO FEES 64.5%

LOST TO FEES

Recurring charges levied on assets under management are borne by individual investors in the form of lower benefits at retirement.

“A regular saver who reduces the charges on his retirement account from 2.5% of assets each year to 0.5% of assets annually would receive a benefit 60% greater at retirement after 40 years, all else being equal. For someone who is a member of a preservation fund for 30 years this increases to 80%.”SOURCE: NATIONAL TREASURY, CHARGES IN SOUTH AFRICAN RETIREMENT FUNDS, JULY 2013

*Accumulation in real terms of contributions of R1 000 per month, assumed to increase by 6% per annum, totalling R1 857 144 after 40 years, and assuming investment growth of CPI+5% per annum.

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THE FREEDOM TO CHOOSE COVERThe level of death, disability and funeral benefits are determined by you and insured at the best rates available, reviewed once every three years. SURF is not tied to any insurer.

YOUR OWN LIFEGUARDA dedicated client relationship manager will assist you and your advisors with all aspects of structuring and managing a sound retirement plan for your employees.

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PERFECT VISIBILITYSURF is administered using leading-edge investment administration platforms. Daily access to all information is provided to you at the fund level and to your employees at their individual savings level. Our interactive investor platforms and financial planning tools enable members to make informed investment decisions and implement them immediately.

A TRUSTY BOARDSURF’s board of trustees ensures the sound management of the fund’s affairs and the protection of your employees’ interests. Half the board members are independent of the sponsor, and have been selected based on their professional experience and industry expertise.

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SURF AT A GLANCECOST: One all-in fee as a percentage of

assets under management

INVESTMENT DEFAULTS: Life-stage model based on:passive strategies (Sygnia Skeleton Classic and Skeleton Funds) orthe best of Sygnia active and passive strategies (Sygnia Signature Sygnia Synergy Funds)

MEMBER INVESTMENT CHOICE OPTIONS: A range of multi-manager and single manager funds

RETIREMENT BENEFITS: The annuity strategy the includes the following out-of-fund solutions: Just Lifetime Income: Skeleton Balanced 70, Sygnia Living Annuity, and Sygnia ForLife Annuity

WITHDRAWAL BENEFITS: Preservation within SURF is available

CONTRIBUTIONS: Choice of contribution rates as a percentage of salary

DEATH BENEFITS: Tailored lump sum multiple of taxable salary

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THE BACK LINEFounded in 2003, the Sygnia Group is the second-largest multi-manager and the largest investment administration company in South Africa. We provide a wide range of financial services to a diverse group of domestic and international clients. Whether you are a company or a financial advisor, we will work with you to create your ultimate retirement savings solution.

Sygnia at a glance:

f R228 billion in assets under management and administration

f R27 billion in unit trusts since launch in 2012

f Over 900 institutional clients (domestic and international)

f Over 14 000 individual clients

f Market disruptor business strategy

f Focus on innovation through technology

f Most cost-effective savings products in South Africa, with fees starting at 0.35% ex VAT per annum (global balanced funds range).

f Over 220 staff members

f Headquarters in Cape Town, Johannesburg and Durban

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FUND PERFORMANCEFUND NAME 3 MONTHS 6 MONTHS 1 YEAR 3 YEARS 5 YEARS

Sygnia Signature 40 Fund 3.0% 3.0% 10.6% 8.5% 8.6%

Sygnia Signature 50 Fund 3.2% 2.7% 10.8% 8.2% 8.4%

Sygnia Signature 60 Fund 3.3% 2.2% 10.9% 7.8% 8.2%

Sygnia Signature 70 Fund 3.4% 1.7% 11.0% 7.4% 7.9%

Sygnia Synergy 40 Fund 2.7% 2.2% 8.8% 8.4% 8.4%

Sygnia Synergy 50 Fund 2.9% 1.6% 8.2% 8.2% 8.3%

Sygnia Synergy 60 Fund 3.1% 1.1% 8.1% 8.2% 8.3%

Sygnia Synergy 70 Fund 3.4% 0.7% 8.4% 8.3% 8.3%

Sygnia Skeleton 40 Fund 2.8% 2.9% 10.7% 8.6% 8.2%

Sygnia Skeleton 50 Fund 3.0% 2.5% 10.9% 8.3% 7.9%

Sygnia Skeleton 60 Fund 2.9% 1.9% 10.7% 7.9% 7.6%

Sygnia Skeleton 70 Fund 3.0% 1.3% 11.0% 7.6% 7.3%

Allan Gray Global Balanced Portfolio 3.5% -2.1% 2.5% 5.5% 7.2%

Investec IAL Balanced Fund 4.5% 2.5% 9.9% 8.4% 8.7%

Coronation Global Houseview Portfolio 3.6% 0.9% 9.4% 7.1% 7.1%

Foord Balanced Fund 5.3% 2.5% 8.5% 6.0% 5.9%

Sygnia Money Market 2.1% 4.3% 8.6% 8.7% 8.3%

Sygnia Islamic Balanced 2.3% 2.9% 7.0% 6.8% 7.2%

Calculated before applying underlying investment management fees and performance fees, where applicable. Figures valid as at 31 October 2019.

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LET’S TALK

SYGNIAUMBRELLA RETIREMENT FUND

David Hufton Deputy CEO

Duane Naicker Head: SURF

T: +27 (0) 21 446 4940 E: surfquotes@srf.sygnia.co.za

Cape Town 7th Floor, The Foundry, Cardiff Street, Green Point, 8001

Johannesburg Unit 40, 6th Floor, Katherine and West Building, West Street, Sandton, 2196

Durban Office 2, 2nd Floor Ridgeview, 1 Nokwe Avenue, Ridgeside, Umhlanga Ridge, 4319