FOR INDIVIDUALS UNIT TRUST INVESTMENT APPLICATION FORM FOR INDIVIDUALS

Transcription

1 Bridge Collective Investments (F) (Pty) Ltd administers the unit trusts and is authorised to do so under the Collective Investment Schemes Control Act. It shall be referred to as Bridge in this form. IMPOTANT INFOMATION Please completed form and supporting documentation to Complete the relevant sections of this form in BLOCK LETTES. Ensure that all information is accurate. instruction will be processed unless all the requirements have been met. The daily cut-off for receipt of instructions is 14h00. efer to Portfolio Summary Overview & Fees attached for more information on the funds. Please read the Terms & Conditions that apply to this investment. Please contact Bridge on or via at should you require assistance completing this form. DOCUMENT CHECKLIST Completed unit trust investment application form Completed Unit Trust Investment Application Form. Proof of deposit / transfer into the relevant bank account. Copy of Green Bar-coded ID, copy of Smart ID Card both front and reverse side or copy of unexpired passport. Proof of residential address (Utility bill, Account of Landline Telephone, Bank Statement, Municipal ates, Tax Invoice, not older than 3 months). Completed Proof of banking unit trust details investment (e.g. cancelled application cheque form or bank statement not more than three (3) months old). Proof of Income Tax Number. Foreign Citizens: copy of a valid passport containing a photo, full name, date of birth and ID. If a representative is acting on behalf of the client, proof of authority and the verification documents must be provided along with all the above for the representative. PAGE 1

2 1 - INDIVIDUAL INVESTO DETAILS New Investor Existing Investor Investor Number (If existing) Title Prof Dr Mr Mrs Ms Miss Other Full Name(s) Surname Prominent influential person if yes, please specify Identity / Passport Number Occupation Name of Employer or Business (if self-employed) Marital status Country of Birth Date of Birth Nationality Are you a US Citizen esidential Address Postal Code Postal Address Postal Code Home Telephone Work Telephone Cellular Number Address Are you a registered taxpayer? If yes, please complete the tax information below: Country/ Countries of Tax esidence Tax eference Number s 2 - PESON ACTING ON BEHALF OF THE INVESTO Please complete the details of the Legal Guardian or person(s) with Power of Attorney to act on behalf of this investor Title Prof Dr Mr Mrs Ms Miss Other Full Name(s) Surname PAGE 2

3 2 - CONTINUED (PESON ACTING ON BEHALF OF THE INVESTO) Prominent influential person if yes, please specify Identity / Passport Number Occupation Name of Employer or Business (if self-employed) Marital status Country of Birth Date of Birth Nationality Are you a US Citizen elationship to investor esidential Address Postal Code Postal Address Postal Code Home Telephone Work Telephone Cellular Number Work Address Are you a registered tax payer? If yes, please complete the tax information below. Country/ Countries of Tax esidence Tax eference Number s 3 - SOUCE OF WEALTH* Employment Donation Inheritance Savings Maintenance Other Specify *Bridge reserves the right to request additional evidence to identify the source of the investment amount. PAGE 3

4 4 - INVESTO S BANK ACCOUNT DETAILS FO ALL INCOME / EDEMPTION INSTUCTIONS. Bank Name Branch Account Number Branch Code Account held in name of Bank Account Type: Cheque / Current Savings Transmission Signature of Bank Account Holder Date All payments are made electronically to the current, transmission or savings bank account of the registered investor ONLY. payments will be made to credit card accounts, market-linked accounts or third party bank accounts. Please supply the following documentation, where applicable (Tick where supplied) Proof of Banking Details (e.g. Cancelled Cheque or Statement not more than three (3) months old) must be supplied. 5 - PAYMENT DETAILS SOUCE OF FUNDS FO THIS TANSACTION* Inheritance Bonus Salary Savings Transfer from other Financial Service Provider Specify *Bridge reserves the right to request additional evidence to identify the source of the investment amount METHOD OF PAYMENT Electronic / Internet Transfer Electronic / Internet transfers may take up to two (2) days to reflect in the Bridge bank account. See Bridge banking details on page 6. Debit Order Please complete Section 2.3 below. Electronic Collection by Bridge Electronic collection is restricted to a maximum of Bridge will debit your account within two (2) business days of receiving the Application Form and all relevant documents. Please complete section 2.4 below SET UP A MONTHLY DEBIT ODE Amount Commencing on 1st 15th of Debit orders are applied on the 1st or the 15th of each month. If the selected day falls on a weekend or public holiday it will be effective on the next business day. The cut-off for all debit order notices to be processed in a particular month is by 14h00, three (3) business days before the selected day. If the bank account holder is a third party individual, a copy of their bar-coded ID / smart ID card and proof of bank account is required. If the bank account holder is a third party legal entity, a copy of the signatories; a letter from the bank listing the authorised signatories; and signed copies of the signatories IDs are required. PAGE 4

5 5.3 - CONTINUED (MONTHLY DEBIT ODE) Escalation ate per Annum 5% 10% 15% Other % Bank Account Holder Details I / We authorise Bridge to draw direct debits against the bank account below.** Please use the same banking details as per section 4. O use the details below Bank Name Branch Account Number Branch Code Account held in name of Bank Account Type: Cheque / Current Savings Transmission Signature of Bank Account Holder Date **Proof of banking details (e.g. cancelled cheque or statement not more than 3 months old) must be supplied ELECTONIC COLLECTION BY BIDGE There is a clearance period of forty (40) days and no redemptions will be processed during this period. Lump Sum Amount Bank account holder details: I / We authorise Bridge to draw direct debits against the bank account below.** Please use the same banking details as per section 4. O use the details below Bank Name Branch Account Number Branch Code Account held in name of Bank Account Type: Cheque / Current Savings Transmission Signature of Bank Account Holder Date **Proof of banking details (e.g. cancelled cheque or statement not more than 3 months old) must be supplied. PAGE 5

6 6 - BIDGE BANK ACCOUNT DETAILS: Electronic / internet transfers should be transferred to the bank account below. Please use the investor s name as a reference to avoid any delays in the allocation and investment of funds. Please contact us should you wish to make a deposit via cheque. Account Name: Bridge Collective Investments Bank: First National Bank Branch: Global Transactional Services Durban Branch Code: (Universal Branch Code) Account : UNIT TUST POTFOLIO SELECTION I / We select the following investment(s) FUND NAME MINIMUM INVESTMENT LUMP SUM DEBIT ODE LUMP SUM AMOUNT () DEBIT ODE AMOUNT () EINVEST DISTIBUTION PAYOUT DISTIBUTION Bridge High Income Fund Bridge Stable Growth Fund Bridge Managed Growth Fund Bridge Equity Income Growth Fund Bridge Global Property Income Feeder Fund Bridge Global Managed Growth Feeder Fund Bridge Balanced Fund Bridge Diversified Preference Share Fund Distributions will be paid to the bank account specified in Investor Bank Account Details Section 4 Please refer to Portfolio Summary Overview & Fees attached. The minimum threshold for income distributions to be paid out is set at 200. Distributions below the threshold will be automatically re-invested. 8 - EGULA WITHDAWAL If you would like to receive a regular withdrawal from this investment account, please complete this section. You may only schedule regular withdrawal payments if you have more than in your account. You can either withdraw proportionately across your unit trusts, or you can specify the unit trusts you would like withdraw from and the amount to be withdrawn. Please complete the appropriate section below. The proportionate split for withdrawals under this instruction will be determined at the processing date of the form. The proportions will only change if you send us an amended instruction. Total amount to be withdrawn per frequency Select your payment frequency Monthly Quarterly Biannually Annually Withdraw proportionately across your unit trusts O PAGE 6

7 8 - CONTINUED (EGULA WITHDAWAL) Specify the unit trust below FUND NAME AMOUNT PE EGULA WITHDAWAL Bridge High Income Fund Bridge Stable Growth Fund Bridge Managed Growth Fund Bridge Equity Income Growth Fund Bridge Global Property Income Feeder Fund Bridge Global Managed Growth Feeder Fund Bridge Balanced Fund Bridge Diversified Preference Share Fund 9 - FINANCIAL ADVICE I did not receive financial advice about this investment. I have received financial advice, but do not require Bridge to pay fees on my behalf. I have received financial advice from the financial advisor listed in this section. I instruct Bridge to deduct the following fees to pay on my behalf until otherwise specified. Initial Advice Fee Annual Advice Fee. %. % Maximum 3.0% (excl. VAT) deducted prior to the investment being made (1.0% for Bridge Diversified Preference Share Fund). Maximum 1.0% (excl. VAT) of the investment portfolio (0.5% for Bridge Diversified Preference Share Fund). If no annual fee is payable, please insert 0%. The annual advice fee is paid by a unit reduction and monthly in arrears. FINANCIAL ADVISO DETAILS AND DECLAATION Name of Financial Service Provider Financial Advisor Name / Contact Person Bridge FSP code Cellular Number Work Telephone Address Fax I/We declare that I/we am/are a licensed Financial Service Provider(s) and have made disclosures required in terms of the Collective Investment Schemes Control Act, 2002, and the Financial Advisory and Intermediary Services Act of 2002, and subordinate legislation thereto, to the investor warrant that I/we have explained all fees that relate to this investment to the investor and I/we understand and accept that the investor may withdraw his/her authority for payment to me/us in writing. Signed at on this day of year Signature of financial advisor PAGE 7

8 10 - WITHHOLDING TAX STATUS Withholding tax on dividends applies to distributions made to investors in the Bridge portfolios. In the event that the investor is exempt from withholding tax or is entitled to a reduced withholding tax rate, please tick the relevant box below Tax Exempt* eduction in Tax ate* *If you have ticked either of these boxes, you are required to complete a Declaration Form, that can be obtained from COMMUNICATION FOM BIDGE All correspondence will be ed where possible. Should you prefer to receive communication via post, please check this box. You will receive SMS confirmations of transactions on your account, within 24 hours, for the Lump sum investment. edemption. Personal detail changes. Secure online access is available, please log onto INVESTO DECLAATION 1. I confirm that all information provided in this form and all other documents signed by me in connection with this application, whether in my handwriting or not, are correct. 2. I am responsible for the accuracy and completeness of all answers, statements or other information provided by me or on my behalf. 3. I have not received advice from Bridge in respect of this application. 4. I indemnify and hold Bridge harmless against any and all claims, losses and / or damages which I may incur or suffer as a result of my independent decision to invest in this particular investment product. 5. I confirm that Bridge may accept instruction from my Financial Advisor or any authorised third party only if appointed and authorised by me in writing. 6. I confirm that Bridge may accept signed instructions by electronic means. 7. I confirm that my appointed Financial Advisor will have access to my investment details via the secure section of 8. I have read and understood the Portfolio Summary Overview & Fees attached and the Minimum Disclosure document available on 9. I have read, understood and agreed to the Terms & Conditions attached. 10. I confirm that the investment amount as per Section 3 is obtained from legitimate sources, and that I have complied with and will continue to comply with all relevant legislation, including but not limited to money laundering and income tax legislation. 11. I understand and accept that if I am liable for tax in the United States of America and/or OECD member country, Bridge will report information of my investment to the evenue Services in order for Bridge to comply with The Foreign Account Tax Compliance Act (FATCA) and of Common eporting Standards (CS) for automatic exchange of information. 12. I agree to notify Bridge immediately in the event that information provided herein changes. Signature of Investor/ person acting on behalf of the Investor Date PAGE 8

9 POTFOLIO SUMMAY OVEVIEW AND FEES All fees reflected are maximum fees (excl. VAT). FUND NAME FUND CATEGOY BENCHMAK INVESTMENT OBJECTIVE MAX. INITIAL ADVISO FEE ANNUAL MANAGEMENT FEE INITIAL MANCO FEE ISK POFILE INCOME DIST. Bridge High Income Fund Multi- Asset Income SteFi Composite Index + 1% The Bridge High Income Fund s objective is to provide investors with a high current income and low capital volatility. It achieves this by investing in a portfolio of fixed-interest and listed property securities. The portfolio is managed according to a lowrisk profile. 3.00% 0.90% 0.00% Conservative 31-Mar 30-Jun 30-Sep Bridge Stable Growth Fund Multi- Asset Low Equity CPI + 4% over rolling 60-month periods The Bridge Stable Growth Fund is a Multi-Asset class fund with the objective of providing investors with a balance between growth and income at moderate to conservative risk levels. It achieves this by investing in a portfolio of equities, fixedinterest securities, money market instruments and listed property. The portfolio s exposure to equity instruments will never exceed 40% of the total portfolio. The fund complies with all prudential requirements and regulations governing retirement funds. 3.00% 1.00% 0.00% Conservative to Moderate 31-Mar 30-Jun 30-Sep Bridge Managed Growth Fund Multi- Asset High Equity CPI + 6% over rolling 60-month periods The Bridge Managed Growth Fund is a Multi-Asset class fund with the objective of providing investors with long-term income and capital growth at moderate risk levels. It achieves this by investing in a portfolio of equities, fixed-interest securities, moneymarket instruments and listed property. The portfolio s exposure to equity instruments varies between 40% and 65% of the total portfolio. The fund complies with all prudential requirements and regulations governing retirement funds. 3.00% 1.00% 0.00% Moderate 31-Mar 30-Jun 30-Sep Bridge Equity Income Growth Fund Equity General Average ASISA South African Equity Sector The investment objective of the portfolio is to seek a high level of income (more in the form of dividends) and long-term growth in dividend income in excess of the rate of inflation such that the portfolio will produce a total return in excess of the average of the ASISA Equity General sector at lower levels of volatility. Income will be a key component of the portfolio. The risk profile of this portfolio to the investor will be above average, due to its prominent exposure to the equity risk factor. 3.00% 1.00% 0.00% Aggressive 31-Mar 30-Jun 30-Sep Bridge Global Property Income Feeder Fund Global eal Estate General GP 250 EIT IndexT in ZA The Bridge Global Property Income Fund is a specialist global property portfolio with the objective of providing investors with high current income and long-term capital appreciation. It achieves this by investing in real estate securities listed on international stock exchanges. 3.00% 0.00% 0.00% Aggressive Bridge Global Managed Growth Feeder Fund Global - Multi Asset- Flexible portfolios US Consumer Price Index + 3% measured over rolling three-year periods in ZA. This portfolio is a feeder fund. The primary objective of this feeder fund is to provide the investor with a balanced consistent income and capital appreciation over the long term. To achieve its investment objective the portfolio will, apart from assets in liquid form, consist solely of participatory interests in the Bridge Global Managed Growth Fund (the underlying Fund) which is the sub-fund of Sanlam Universal Funds PLC. The underlying fund is US Dollar-denominated and domiciled in Ireland and it aims to achieve a return in excess of 3% of the US Consumer Price Index measured over rolling three year period. The underlying fund will invest in equity securities (including common stocks, preference shares and other securities with equity characteristics or conferring the right to acquire equity securities), bonds (fixed and/or floating, government and/or corporate) and money market instruments (including, but not limited to commercial paper, certificates of deposit, banker s acceptance, notice deposits, debentures and treasury bills all of which have a maturity of less than one year). 3.00% 0.00% 0.00% Moderate Bridge Balanced Fund Multi- Asset High Equity Average of the ASISA Multi- Asset High Equity sector The Bridge Balanced Fund is a Multi-Asset class fund with the objective of providing investors with high capital growth over the investment term. It achieves this by investing in an appropriate portfolio of equities, fixed-interest securities, money-market instruments and listed property. The portfolio s exposure to equity instruments may be as much as 75% of the total portfolio. The fund complies with all prudential requirements and regulations governing retirement funds. 3.00% 1.25% 0.00% Moderate 30-Jun Bridge Diversified Preference Share Fund Equity Unclassified JSE Listed Preference Share Index (J251T) The Bridge Diversified Preference Share Fund provides investors with an above average after tax yield in the form of dividends. This will be achieved by diversifying the portfolio s holdings across various preference shares and dividend yielding assets. A minimum 80% will be invested in preference shares classified as share capital in their respective issuers balance sheet. 1.00% 0.75% 0.00% Conservative 31-Mar 30-Jun 30-Sep APP_IND_UNIT_2018_01 PAGE 9

10 TEMS & CONDITIONS 1. Fully completed investor instructions including the required supporting documentation must be faxed to +27 (0) or ed to before 14h00 to obtain same day value. Bridge will not be responsible for any delays in processing an instruction where information has been omitted or is incomplete. Bridge at its discretion may accept or reject an instruction. 2. Bridge will not proceed with any transaction if there is any doubt as to the validity of any signatures or if Bridge deem the instruction to be incomplete in any way. An instruction will be deemed complete on receipt of cleared identifiable funds in the correct bank account and all requested information. 3. It is the instructor s responsibility to ensure an instruction has been received and processed by Bridge. The instructor may confirm receipt of an instruction by contacting our Communication Centre on +27 (0) A fax confirmation or printed copy of sent will not constitute proof that Bridge has received any form of communication or instruction from the sender. 4. The instructor authorises Bridge to accept signed instructions by fax and hereby waives any claim that he / she may have against Bridge and indemnifies Bridge against any loss incurred as a result of Bridge receiving or acting upon such fax. 5. A separate Unit Trust edemption form needs to be used for all withdrawal requests. These are available on our website at: 6. In terms of the Financial Intelligence Centre Act of 2001, certain verification documents are required in order to enter into a business relationship. 7. The Foreign Account Tax Compliance Act (FATCA) is a new United States ( US ) tax regulation aimed at combating tax evasion of US persons. The objective of FATCA requires non- US financial institutions (foreign financial institutions FFI s ) to identify and report all their US account holders as well as entities under US control and to provide the American Internal evenue Service ( IS ) with information on their assets and income. 8. FATCA requires reporting of client information directly to the IS or via inter-governmental agreement ( IGA ). The Government has entered into an IGA with the US, and as such, all FFI s will be required to obtain information on US citizens in accordance with IGA from 01 July 2014 and report such information to the evenue Service ( SAS ). 9. Bridge in its sole discretion may choose to close a fund at any given time in order to manage it in accordance with its mandate. 10. The investor warrants that the investment amount as per page 4 of this application form is obtained from legitimate sources, and that the investor has complied with and will continue to comply with all relevant legislation, including but not limited to money laundering and income tax legislation. 11. It is the instructor s responsibility to ensure an instruction has been received and processed by Bridge. The instructor may confirm receipt of an instruction by contacting our Communication Centre 12. Bridge reserves the right to request additional evidence to identify the source of the investment amount. 13. In order to protect ourselves against any fraudulent activity we have implemented clearance periods in which no redemption instructions will be processed. There is a period of 40 days clearance for Once Off withdrawals and Debit Order instructions and a 14 day clearance period is applicable for ordinary purchase instructions. 14. By giving us your personal information, you give us permission to process your personal information for the purpose of managing your investment account. We may also obtain your personal information from your financial advisor. 15. By giving us your personal information, you also give us permission to collate, store or disclose it to a third party, such as an administrator who needs your personal information to service your investment account. 16. Please refer to Disclosure section for details of Administrator. 17. For more details on how we handle your personal information, refer to Privacy Policy and PAIA manual available on the website. 18. Bridge Collective Investments (F) (Pty) Ltd ( Bridge ) have outsourced the administration of the scheme to Maitland Fund Services (Pty) Ltd ( The Administrator ). DISCLOSUES 19. Bridge have appointed Societe Generale (Johannesburg Branch) ( Socgen ) as the Trustee of the scheme. Socgen and First National Bank ( FNB ) have jointly been appointed as the Bankers of the Scheme. 20. Bridge is an ordinary member of Association for Savings and Investment SA ( ASISA ). 21. Bridge does not provide advice. The investor confirms that no advice was given by Bridge in respect of this application. The investor understands that Bridge will not give advice in the future. 22. Bridge shall, wherever possible, avoid situations causing conflict of interest. Where it is not possible to avoid such conflict, Bridge shall advise you of such a conflict in writing at the earliest reasonable opportunity and shall mitigate the conflict of interest in accordance with its conflict of interest Management Policy. You may send a blank with the subject Conflict of Interest to the Compliance Officer, should you need a copy of this policy. 23. To the extent that the total expenses may exceed the income earned in the form of dividends and interest, the affected portfolios will not make a distribution. 24. Initial Fees Administration Fees: There is no initial administration fee. Investment Management Fees: There is no initial investment management fee. Financial Advisor Initial Fee: If you and your financial advisor agreed to an initial fee (as indicated on the application form), Bridge will deduct the agreed amount from the investment amount before the investment is made. 25. Annual Fees Investment Management Fees: Annual investment management fees are levied on the funds. These fees vary per fund and are included in the daily NAV of the fund. These fees are available on the fund fact sheets and the Portfolio Summary Overview and Fees schedule. Financial Advisor Annual Advice Fee: If you and your financial advisor agreed to an annual fee (as indicated on the application form), Bridge will deduct the fees by selling units from the investment and paying the proceeds to the advisor monthly. 26. Withdrawal Fees 27. Other Fees Bridge does not charge any fees for withdrawal of the investment. Other fees charged include brokerage fees ; uncertified securities tax payable on the acquisition and disposal of the underlying assets in the portfolio; auditor s fees; bank charges; and Trustee s and custodian fees. 28. Unit prices may fluctuate relative to the market value of the underlying securities comprising the fund s portfolios and increase or decrease accordingly. Where a portfolio comprises international investments, values may fluctuate as a result of movements in the exchange rate. 29. Unit prices are calculated on a net asset value (NAV) basis. NAV is the net value of all assets in the portfolio including any income accrual and less any permissible deductions from the portfolio. The funds are valued and priced at 15h00 each business day. Forward pricing is used. 30. Participatory interests will be bought at the NAV price calculated daily. 31. Participatory interests will be sold at NAV price and paid to the investor in accordance with the requirements of the Collective Investments Schemes Control Act and the relevant trust deed. 32. Bridge does not provide any guarantee with respect to the capital or the return of a portfolio. 33. Bridge Global Managed Growth Feeder Fund and Bridge Global Property Income Feeder Fund invests solely in other portfolios of collective investments schemes, which levy their own charges, and which could result in a higher fee structure of these portfolios. 34. Collective Investments Schemes in Securities (CIS) are generally medium to long-term investments. The value of participatory interests may go down as well as up and past performance is not necessarily a guide to the future. CIS are traded at ruling prices and can engage in borrowing and scrip lending. 35. The portfolio may borrow up to 10% of its net assets on a temporary basis. Such borrowings are permitted only to meet the portfolios obligations in relation to (i) the administration of the portfolio relating to purchase or sale transactions; and/ or (ii) the redemption or cancellation of participatory interests in the portfolio. Borrowings in relation to (i) above are APP_IND_UNIT_2018_01 PAGE 10

11 CONTINUED (DISCLOSUES) only permitted for a period of up to 8 calendar days, and 61 calendar days in respect of (ii). 36. ing-fencing is a separation and delayed sale of units in a portfolio. Large scales of units in a portfolio above 5% of the fund may cause ring-fencing. This ensures that the sale of a large number of units will not force Bridge to sell the underlying investments at a price in the market, which could have a negative impact on investors. Bridge may delay the payment of proceeds of the sale of units. 37. A schedule of fees and charges and maximum commissions is available on request from the company / scheme. Commission and incentives may be paid and if so, would be included in overall costs. 38. Bridge Collective Investments (F) (Pty) Ltd is committed to supporting the Treating Customers Fairly ( TCF ) initiative. Please visit our website for access to the full TCF Policy document. 39. Bridge has a written internal complaints resolution procedure that is followed to address complaints that you may have about your investment. Access to the procedure is at all times available at the office of the manager nearest to you. If you are not satisfied with the investment or the services of Bridge, you can write to the Compliance Officer at the address below. emember to include all your supporting documents. The Compliance Officer will acknowledge the complaint in writing and will inform you of the contact details of the person who should be able to resolve it. If you are not satisfied with the response, or if you have a complaint about the advice given by a financial advisor in respect of this investment, you can seek legal redress in another forum or write to the Ombud for Financial Service Providers. 40. Complaints should be directed to the compliance officer at the address below. Bridge s complaints policy is available on request. The contact details are as follows: ADDESS: compliance@bridgefm.co.za POSTAL ADDESS: PO BOX 3211, Durban, 4000 APP_IND_UNIT_2018_01 PAGE 11