Mentenova Local Bond Prescient Fund of Funds (B1) - NEMBB1 fund information

The primary objective of the Mentenova Local Bond Prescient Fund of Funds is to outperform its benchmark on a total return basis in a cost-effective manner. The fund will invest in an optimally diversified number of funds blended using Mentenova's proprietary portfolio construction process. Nothing in the supplemental deed shall preclude the manager from varying the ratios of the underlying funds, to maximise capital growth and investment potential in changing economic environments 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 any Supplemental Deeds thereto; provided that the manager shall ensure that the aggregate value of the assets comprising the portfolio shall consist of securities 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. For the purpose of this portfolio, the manager in consultation with the Investment Manager shall reserve the right to close the portfolio to new investors on a date determined by the manager. This will be done in order to be able to manage the portfolio in accordance with its mandate. The manager may, once a portfolio has been closed, open that portfolio again to new investors on a date determined by the manager..