Page 343 - Profile's Unit Trusts & Collective Investments - March 2025

UNDERSTANDING UNIT TRUSTS INDEX

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Quarterly .......... 35, 60, 67, 147 Reports, Fund .............. 67 Secondary Tax on Companies (STC) . . 27
Quartile ................. 65 Repurchase ............... 53 Secondary market ........... 125
Research Affiliates ........... 153 Sector Volatilities............ 117
R Resources Funds ........... 142 Sector and Asset Class Risk ...... 105
R Class ................. 65 responsible party ............ 96 Securities transfer tax (STT) .... 59, 131
RA Retail Distribution Review (RDR) .... 91 Shari’ah Funds ............. 141
ETF .................. 156 Retirement Annuity (RA) ........ 146 Sharpe ratio............ 108, 113
RDR................. 76, 79 Retirement Products........... 78 Sharpe, William ............ 113
RDR (Retail Distribution Review) .... 91 Retirement Savings Cost Disclosure . . . 63 Shill, Louis ............... 24
RE1 ................... 19 Returns shipping ................ 133
RE2 ................... 19 Active ................. 108 Short Term Funds ........... 147
RE3 ................... 19 Compound ............... 72 Short position ............. 132
RE4 ................... 19 Passive ................ 108 Short the market ............ 131
RE5 ................... 19 Real .................. 72 Side-pocketing .......... 106, 107
REIT RiY ................... 63 Single-tier funds ............. 60
Rules ................. 130 RiY (Reduction in Yield) ......... 62 Small Cap Funds ............ 141
REIT CIS ................ 129 Riba .................. 141 Smart Indices ............. 153
REIT CISs ............... 129 Risk Smart beta ............... 153
REIT Collective Investment Schemes . . 129 Asset ................. 107 Soft Commisions ............ 86
REIT Trusts .............. 130 Inflation ................ 100 Softings ................. 86
Management .............. 95
REITs ................. 129 Sortino ratio ........... 108, 114
Organisational............. 107
Corporate ............... 129 Sortino, Frank ............. 113
Profiles ................ 101
Trust ................. 129 South African Futures Exchange .... 146
Ratings ................ 101
RFA (Registered Financial adviser).... 79 South African Real Estate Funds .... 148
Risk Management and Compliance
Rafi .................. 153 South African Reserve Bank (SARB) . . 122
Programme (RMCP)........... 95
Rand cost averaging......... 26, 34 South African funds ........ 38, 137
Risk Profile Worksheets ........ 115
Rand hedge stocks ........... 30 Specialist Equity ............ 135
Risk Spectrum of South African funds . . 41
Rand-Denominated ........ 42, 154 Standard & Poor’s ........... 126
Risk and Reward ............ 102
Rating Standard deviation ........... 109
Risk profile
Crown................. 105 Steyn Capital Equity Prescient Fund . . 173
Aggressive .............. 102
Star .................. 105 Stock Picking Risk ........... 108
Balanced ............... 102
Ratings................. 105 Stock market .............. 24
Conservative ............. 102
Real Estate Development & Services Investor ................ 101 Stocks vs Shares ............ 24
companies (REDs) ........... 129
Risk rating ............... 105 Strike price............... 132
Real Estate Funds
Fund ................. 101 Structured funds............. 50
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-Advisers ............. 32 Switching ................ 55
Real Estate funds ........... 139
Roll-up fund ............... 66
Real Estate – General Funds ...... 148 T
Rolling period ........... 58, 128
Real Return funds ........... 144
rolling returns .............. 69 TC
Real Returns .............. 53
Rozendal Global Prescient Calculations .............. 61
Rebates ................. 56 Feeder Fund .............. 171 TER
Reduction in Yield (RiY) ......... 62
Calculations .............. 61
Regional ................ 135 S
TER (Total Expense Ratio)........ 59
Regional Funds............. 138 SA General Funds ........... 140 terms and conditions .......... 97
Registered Financial Adviser (RFA) . . . 91 SAFEX ................. 156 TER rules ................ 60
Regulation 28 ........... 28, 128 SARS .................. 45 TFSA - Tax Free Savings Account .... 46
Compliant Funds ........... 139 SETS.................. 156 TIC (Total Investment Costs) ...... 60
Compliant funds ........... 145
STRATE .............. 59, 156 TTM (training twelve month) returns . . . 69
Prudential Funds ........... 145
STT (Securities Transfer Tax) ...... 59 Targeted Absolute ........... 144
Regulatory exams ............ 19
STeFI.................. 146 Tax ................... 45
RE2 .................. 19
SWIX ............... 153, 154 Distributions .............. 45
Reinvestment of Distributions ...... 66
Scatter plots .............. 112 Dividends ............... 45
Reporting .............. 46, 67
Profile’s Unit Trusts & Collective Investments 341