Page 343 - Profiles's Unit Trusts & Collective Investments - September 2024

UNDERSTANDING UNIT TRUSTS INDEX

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Q Prudential Funds ........... 145 STeFI.................. 146
Regulatory exams ............ 19 SWIX ............... 153, 154
Qualifications ........ 18, 20, 74, 86
Qualified Investor (QI) ......... 133 RE2 .................. 19 Scatter plots .............. 111
Reinvestment of Distributions ...... 67 Secondary Tax on Companies (STC) . . 27
Qualitative ............... 111
Reporting .............. 46, 68 Secondary market ........... 125
Quantitative .............. 111
Reports, Fund .............. 68 Sector Volatilities............ 116
Quarterly .......... 35, 60, 68, 147
Quartile ................. 66 Repurchase ............... 53 Sector and Asset Class Risk ...... 105
Research Affiliates ........... 153 Securities transfer tax (STT) .... 59, 131
R Resources Funds ........... 142 Shari’ah Funds ............. 141
R Class ................. 65 responsible party ............ 96 Sharpe ratio............ 108, 113
Retail Distribution Review (RDR) .... 91 Sharpe, William ............ 113
RA
Retirement Annuity (RA) ........ 146 Shill, Louis ............... 24
ETF .................. 156
RDR................. 76, 79 Retirement Products........... 78 shipping ................ 133
RDR (Retail Distribution Review) .... 91 Retirement Savings Cost Disclosure . . . 63 Short Term Funds ........... 147
Returns Short position ............. 132
RE1 ................... 19
Active ................. 108 Short the market ............ 131
RE2 ................... 19
Compound ............... 72 Side-pocketing .......... 106, 107
RE3 ................... 19
Passive ................ 108 Single-tier funds ............. 60
RE4 ................... 19
Real .................. 72 Small Cap Funds ............ 141
RE5 ................... 19
RiY ................... 63 Smart Indices ............. 153
REIT
RiY (Reduction in Yield) ......... 63 Smart beta ............... 153
Rules ................. 130
Riba .................. 141
REIT CIS ................ 129 Soft Commisions ............ 86
Risk Softings ................. 86
REIT CISs ............... 129
Asset ................. 107 Sortino ratio ........... 108, 114
REIT Collective Investment Schemes . . 129
Inflation ................ 100
REIT Trusts .............. 130 Sortino, Frank ............. 113
Management .............. 95
REITs ................. 129 South African Futures Exchange .... 146
Organisational............. 107
Corporate ............... 129 Profiles ................ 101 South African Real Estate Funds .... 148
Trust ................. 129 South African Reserve Bank (SARB) . . 122
Ratings ................ 101
RFA (Registered Financial Advisor) . . . 79 Risk Management and Compliance South African funds ........ 38, 137
Rafi .................. 153 Programme (RMCP)........... 95 Specialist Equity ............ 135
Rand cost averaging......... 26, 34 Risk Profile Worksheets ........ 115 Standard & Poor’s ........... 126
Rand hedge stocks ........... 30 Risk Spectrum of South African funds . . 41 Standard deviation ........... 109
Rand-Denominated ........ 42, 154 Risk and Reward ............ 102 Steyn Capital Equity Prescient Fund . . 173
Rating Risk profile Stock Picking Risk ........... 108
Crown................. 105 Aggressive .............. 102 Stock market .............. 24
Star .................. 105 Balanced ............... 102 Stocks vs Shares ............ 24
Ratings................. 105 Conservative ............. 102 Strike price............... 132
Real Estate Development & Services Investor ................ 101 Structured funds............. 50
companies (REDs) ........... 129 Risk rating ............... 105 Stylo Global Bond Prescient
Real Estate Funds Fund ................. 101 Fund of Funds ............. 175
General ................ 152 Risk spectrum.............. 39 Sub-prime crisis............. 30
Real Estate Investment Trusts (REITs) . 129 Risk-Adjusted Performance ...... 113 Supplemental deed ........... 75
Real Estate Unit Trust Funds (UTREFs) . 129 Robo-advisors.............. 32 Switching ................ 55
Real Estate funds ........... 139 Roll-up fund ............... 67
Real Estate – General Funds ...... 148 Rolling period ........... 58, 128 T
Real Return funds ........... 144 rolling returns .............. 70 T&Cs .................. 97
Real Returns .............. 53 Rozendal Global Prescient Feeder Fund. 172 TC
Rebates ................. 57 Calculations .............. 61
Reduction in Yield (RiY) ....... 63, 65 S TER
Regional ................ 135 SAFEX ................. 156 Calculations .............. 61
Regional funds ........... 38, 138 SARS .................. 45 TER (Total Expense Ratio)........ 60
Registered Financial Adviser (RFA) . . . 91 SETS.................. 156 TER rules ................ 60
Regulation 28 ........... 28, 128 STRATE .............. 59, 156 TFSA - Tax Free Savings Account .... 46
Compliant Funds......... 139, 145 STT (Securities Transfer Tax) ...... 59 TIC (Total Investment Costs) ...... 60
Profile’s Unit Trusts & Collective Investments 341