Our investment funds

We offer a wide choice of funds to invest in

Once you have chosen which investment plan you want to invest a regular or a lump-sum contribution into, you must decide in which funds to invest your money. Your decision should align with the investment strategy that you and your financial adviser agreed on for your risk profile.

We give you the freedom to choose from a range of over 200 unit trust funds managed by leading local and international fund managers through a single entry point. This means you can invest in our investment plans and choose investment funds that are managed by leading investment managers.

You can use our tools to calculate income tax, view the latest market indicators, calculate your risk profile and view our fund fact sheets.

Income tax calculator

 

This tool will help you calculate and compare your monthly income tax.


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Market indicators

 

Keep up to date with the latest local and international market performance.


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Risk portrait

 

Calculate your risk profile to determine the level of investment risk you are comfortable with. .

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Fund fact sheet

 

View our interactive fund fact sheets for in-depth analysis of how different funds are performing.

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Choose which funds to invest your money into

Discovery Funds

You can invest in Discovery funds where our asset managers pick the right blend of asset classes to help you reach your investment goals. Our funds are uniquely designed to ensure you to get what you want from your investment.

External Investment Funds

To give you the best chance of reaching your investment goals, we have partnered with some prestigious companies to allow you to diversify your investment across various investment managers.

Offshore Investment Funds

Our offshore range includes leading asset management firms with a range of different fund management styles to ensure that all your investment needs are looked after.

Our numbers speak for themselves

The Discovery Balanced Fund is fifth largest fund in its sector.
Fastest growing unit trust company in SA based on growth in assets under administration.
The Discovery Balanced Fund was top net retail flow taker in its sector over a three-year period.
More than R3.3 billion allocated to upfront boosts.

Source: ASISA flows statistics, as at 31 August 2019 and Investec Asset Management as at end Q2 2019)

Before you invest in a collective investment scheme, there is important information you should know. This includes how we calculate the value of your investment, what affects the value of your investment, and investment charges you may have to pay. This notice sets out the information in detail. Speak to your financial adviser if you have any questions about this information or about your investment.

What the investment is

This Fund is a Collective Investment Scheme (also known as a unit trust fund) regulated by the Collective Investment Schemes Control Act, 45 of 2002 (CISCA). Collective investment schemes in securities are generally medium- to long-term investments (around three to five years).

Who manages the investment

Discovery Life Collective Investments (Pty) Ltd, branded as Discovery Invest, is the manager of the Fund. Discovery Invest is a member of the Association of Savings and Investment South Africa (ASISA).

You decide about the suitability of this investment for your needs

By investing in this Fund, you confirm that:

  • We did not provide you with any financial and investment advice about this investment
  • You have taken particular care to consider whether this investment is suitable for your own needs, personal investment objectives and financial situation.
You understand that your investment may go up or down
  1. The value of units (known as participatory interests) may go down as well as up.
  2. Past performance is not necessarily an indication of future performance.
  3. Exchange rates may fluctuate, causing the value of investments with international exposure to go up or down.
  4. The capital value and investment returns of your portfolio may go up or down. We do not provide any guarantees about the capital or the returns of a portfolio.
How we calculate the unit prices and value the portfolios
  1. We calculate unit trust prices on a net-asset value basis. (The net asset value is defined as the total market value of all assets in the unit portfolio, including any income accrued and less any allowable deductions from the portfolio, divided by the number of units in issue.)
  2. The securities in collective investment schemes are traded at ruling prices using forward pricing. (Forward pricing means pricing all buy and sell orders of units according to the next net-asset value).
  3. We value all portfolios every business day at 16:00, except on the last business day of the month when we value the portfolios at 17:00.
  4. For the money market portfolio, the price of each unit is aimed at a constant value. This means that all returns are provided in the form of a distribution and that a change in the capital value will be an exception and only due to abnormal losses.
  5. Buy and sell orders will receive the same price for that day if we receive them before 11:00 for the money market portfolio and before 14:00for the other portfolios.
  6. We publish fund prices every business day, with a three-day lag, on www.discovery.co.za
About managing the portfolio
  1. The portfolio manager may borrow up to 10% of the portfolio’s market value from any appropriate financial institution in order to bridge insufficient liquidity.
  2. The portfolio manager can borrow and lend scrip.
  3. The portfolio may be closed in order to be managed according to the mandate (if applicable).
Fees and charges for this investment

There are fees and other charges for this investment.

The fees and charges that apply to this investment are included in the net asset value of the units and you do not have to pay any extra amounts. These fees and charges may include:

  • The initial fund management fee
  • Commission
  • Incentives (if applicable)
  • Brokerage fees
  • Market securities tax
  • Auditor fees
  • Bank charges
  • Trustee fees
  •  Custodian fees

You can ask us for a schedule of fees, charges and maximum commissions.

The total expense ratio
  1. Total expense ratio means a measure of a portfolio's assets that have been expended as payment for services rendered in the management of the portfolio or collective investment scheme, expressed as a percentage of the average daily value of the portfolio or collective investment scheme calculated over a period of a financial year by the manager of the portfolio or collective investment scheme.
  2. A percentage of the net asset value of the portfolio is for fees and other charges relating to managing the portfolio. The percentage is referred to as the total expense ratio (TER).
  3. A higher TER does not necessarily imply poor return, nor does a low TER imply good return.
  4. The current TER is not an indication of any future TERs. If fees go up, the TER is also expected to increase.
  5. During any phase-in period, the TERs do not include information gathered over a full year.
Transaction cost
  1. Investors and advisers can use transaction cost (TC) as a measure to work out the costs they will incur in buying and selling the underlying assets of a portfolio.
  2. The transaction cost is expressed as a percentage of the daily net asset value of the portfolio calculated over three years on an annualised basis. (This means the amount of interest an investment earns each year on average over three years, expressed as a percentage.)
  3. Transaction cost is a necessary costs in administering the Fund. It affects the Fund’s returns. It should not be considered in isolation as returns may also be affected by many other factors over time, including:
    • Market returns
    • The type of fund
    • The investment decisions of the investment manager
    • The TER.
  4. Where a fund is less than one year old, the TER and transaction cost cannot be calculated accurately. This is because:
    • The life span of the fund is short
    • Calculations are based on actual data where possible and best estimates where actual data is not available.
  5. The TER and the TC shown on the fund sheet are the latest available figures.
 

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