Fund Details
Name of fund
Easy Umbrella Fund
Date Started
October 1, 2021
Financial year end
November
Head Office
WeWork - Coworking Office Space, 173 Oxford Rd, Rosebank, Johannesburg, 2196
Fund Sponsor
EasyEquities (First World Trader (Pty) Ltd t/a EasyEquities)
Administrator
Retirement Investments and Savings for Everyone (Pty) Ltd (RISE)
Constitution of Board of Trustees
The main Board of Trustees are made up of 4 trustees, with 2 independent trustees and an independent Principal Officer.
Isgaak Jarodien - Independent Trustee (Chairperson)
Andrew Craze - Independent Trustee
Nicola Comninos, CFA - Sponsor Appointed Trustee
Deresh Lawangee - Sponsor Appointed Trustee
David Oberholzer, CFA - Sponsor Appointed Alternate Trustee
Isgaak Jarodien - Independent Trustee (Chairperson)
Andrew Craze - Independent Trustee
Nicola Comninos, CFA - Sponsor Appointed Trustee
Deresh Lawangee - Sponsor Appointed Trustee
David Oberholzer, CFA - Sponsor Appointed Alternate Trustee
Name of Principal Officer
Jayna Pancham
Number of participating employers
14
Number of members
1664
Value of total assets
R121,283,083.70
Default investment strategy
The Easy Umbrella Fund Board of Trustees together with the investment consultant have agreed that the default investment strategy is the EasyRetire RISE CPI+5% fund. 5 years before normal retirement age, members will be moved to a EasyRetire RISE CPI+3% fund, with the option to opt out.
List of investment portfolios
EasyRetire RISE is the Easy Umbrella Fund's internally appointed asset manager. The EasyRetire RISE funds are the Easy Umbrella Fund's internal Fund offerings and thus only attract a management fee. No platform or administration fees are charged.
EasyRetire RISE Multi-Manager (Internal Fund Portfolios):
EasyRetire RISE Money Market Fund, EasyRetire RISE CPI+3% Fund, EasyRetire RISE CPI+5% Fund, EasyRetire RISE CPI+7% Fund and EasyRetire RISE Shariah Balanced Fund.
External Fund Products (available to Participating Employers if required): The products below each have a management fee and an administration fee of 0.30%.
Allan Gray Balanced Fund, Allan Gray Stable Fund, Coronation Inflation Plus Strategy, Ninety One Absolute Balanced Fund, Ninety One Cautious Managed Fund and EasyETFs Balanced AMETF.
EasyRetire RISE Multi-Manager (Internal Fund Portfolios):
EasyRetire RISE Money Market Fund, EasyRetire RISE CPI+3% Fund, EasyRetire RISE CPI+5% Fund, EasyRetire RISE CPI+7% Fund and EasyRetire RISE Shariah Balanced Fund.
External Fund Products (available to Participating Employers if required): The products below each have a management fee and an administration fee of 0.30%.
Allan Gray Balanced Fund, Allan Gray Stable Fund, Coronation Inflation Plus Strategy, Ninety One Absolute Balanced Fund, Ninety One Cautious Managed Fund and EasyETFs Balanced AMETF.
List of insurers available
Contracts between the respective Participating Employers and their elected Risk Insurers (Unapproved Benefits)
Can a participating employer use an external consultant at no additional fees?
Yes
Contact No
+27101412237