Coronation Active Income Plus Fund (A) - CAIPA fund information

1.1.The investment objective of the Coronation Active Income Plus Fund is to provide investors with a higher total return than traditional short duration income funds over the medium term.
The portfolio will have a strong bias towards interest-bearing securities and will invest in a spread of high yielding securities including but not limited to corporate bonds and securities, government bonds, parastatal securities, money market instruments, listed property and securitised instruments. The manager may also include listed and unlisted financial instruments. The portfolio may be fully invested in any of these types of securities or in any combination thereof, subject only to standard collective investment scheme statutory investment limitations and limitations applicable to retirement schemes.
1.2.The manager will be permitted to invest on behalf of the portfolio in offshore investments as legislation permits. Non-equity securities in the currency of a country other than South Africa, may only be included in this portfolio if it complies with the Authority's conditions and limits for inclusion of non-equity securities in a portfolio.
1.3.The portfolio may also include participatory interests 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 South Africa, participatory interests or any other form of participation in these schemes will be included in the portfolio only where the regulatory environment is to the satisfaction of the manager and trustee of a sufficient standard to provide investor protection at least equivalent to that in South Africa.
1.4.Nothing in this supplemental deed shall preclude the manager from varying the ratios of securities, to maximise capital growth and investment potential in a changing economic environment or market conditions or to meet the requirements, if applicable, of any exchange formally recognised in terms of legislation and from retaining cash or placing cash on deposit in terms of the deed and this supplemental deed; provided that the manager shall ensure that the aggregate value of the assets comprising the Coronation Active Income Plus Fund shall consist of securities and assets in liquid form of the aggregate value required from time to time by the Act.
1.5.For the purposes of the Coronation Active Income Plus Fund, the manager shall reserve the right to close the portfolio to new investors. This will be done in order to be able to manage the portfolio in accordance with its mandate. This critical size shall be determined from time to time by the manager.