Latitude [ZAR] Fund
Investment objective	Aims to achieve long-term capital growth and real returns on capital in US dollars over a 3 - 5 year period
Fund mandate	Global flexible fund with a developed market bias No more than 20% of the fund is invested with other investment managers May invest in exchange traded funds where appropriate
Asset allocation	Defensive Min offshore exp: 85%
Regulation 28	Does not comply
Benchmark	50% USD 3 month LIBOR and 50% 3 month EURIBOR
Return objective	Outperform the benchmark + 1.5%
Risk of monetary loss	Slight in periods greater than 5 years Moderate in periods between 36 and 60 months High in periods less than 3 years
Recommended term	5 years and longer
Target market	Investors seeking exposure to global markets Investors who have utilised their full individual offshore allowance, and who would like to obtain additional exposure to global markets Investors who are able to withstand short-term market fluctuations in pursuit of higher total returns over the long term Investors who are comfortable to grant Coronation a wide degree of discretion
Fee structure (excl. VAT)	Initial fee: Coronation: 0.00% Annual management fee: Discounted: 0.75% Standard: 1.50% Maximum: 2.50% Sharing rate: 10% When applicable, Coronation shares in the fund performance above the performance fee hurdle. This performance fee is accrued daily, based on performance over a rolling 12-month period, and paid to Coronation monthly If the fund produces a positive return in line with or below the performance fee hurdle, a standard minimum fee will be levied. If the fund produces a negative return over a rolling 12-month period, the discounted minimum fee applies
Income distribution	Bi-annually (March, September)
Investment minimum	R5 000 lump sum and/or R500 monthly debit order
Fund category	Foreign Asset Allocation Flexible
Launch date	22 September 2008
Portfolio manager	Tony Gibson Louis Stassen