Portfolio Investment Option Form - PDF

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Portfolio Investment Option Form - PDF Powered By Docstoc
					                              MUNICIPAL GRATUITY FUND ADMINISTERED BY             Private Bag X14, Highveld Park, 0169
             GUARANTEED PORTFOLIO INVESTMENT OPTION FORM: CLOSING DATE 31 MAY 2010
     A. LIFE STAGES & GUARANTEED PORTFOLIO
     According to the Investment Policy Statement (IPS) of the MGF all members are invested in the Life Stage
     Portfolio according to age category unless otherwise chosen in writing. Members who want to transfer in or
     out the GP or change their current allocation in the GP must complete B below. The IPS was developed after
     careful investigation and input from investment experts to provide the best risk adjusted results over the long
     term. Members are cautioned not to exercise any other options against the Life Stage Portfolios unless their
     individual needs require such action.
C.   B. INVESTMENT CHOICE
D.   Portfolios are indicated as follows:   Guaranteed Portfolio=GP, Aggressive Portfolio=AP, Moderate Portfolio=MP, Conservative
     Portfolio=CP, Exit Portfolio =EP
E.   Members may choose one of the following options (indicate with X):

F.   1. 100% into GP

G.   2. 100% out of GP to normal Life Stage Portfolio according to age

     3. 100% out of GP to one or maximum two AP                      %   and/or   MP       %   and/or   CP     %   and/or   EP       %

     4. Split between GP           % and normal Life Stage according to age               %

     5. Split between GP           % and one other investment choice AP                % MP             % CP       % EP          %
     Percentages in 3,4 and 5 must add up to 100%
H.   C. AGREEMENT
I.   I hereby agree that;
     1. I know that the guaranteed rate of the Guaranteed Portfolio may vary from year to year and that I will
         verify the applicable rate with the MGF annually; the 2010/11 guaranteed return is 5% plus a possible
         additional maximum return of approximately 4%;
     2. this option will be valid until I submit a new option form and acknowledge that I can only switch out of the
         GP at the financial year end by submitting my option form before end of May of each year;
     3. in the event of a split option the proportions will change over time due to the difference in returns;
     4. the option for the GP shall not be valid unless this form is in possession of the Administrator by no later
         than 31 May 2010 and I will ensure that the Administrator receive my option form and agree
         that no switches will be done after the cut-off date;
         5. Confirmation of the receipt of my investment choice will be sent via SMS to the cellular phone number
         below. If I have not received such confirmation within four working days from submission of my form, the
         responsibility is upon me to contact the Fund Administrator, Coris Capital (Pty) Ltd on (012) 683-3900 to do
         a follow-up. Record will be kept by the Fund Administrator of SMS messages. I will not have a claim
         against the MGF or Coris Capital for compensation due to non implementation if I cannot prove that I have
         followed up the non receipt of the SMS message.

     My pensionnumber is 80_________________                       My ID no is _____________________________

     My fax no is        (_____) ________________                   My tel no is       (______) __________________

     My cell no is ___________________________

     Signed at ____________________________________ (municipality) on the ___________________ (date).

      Signature of member ________________________ PRINT NAME ___________________________________
               Fax the completed application to Coris Capital, facsimile 086-676-1946 or e-mail
                                         gpswitch@coriscapital.com

				
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