The AF Balanced High Growth portfolio

This is the growth portfolio in the trustee default strategy for the Select Access and Full Access options.

Asset allocation: 30 September 2022

The

*We use a benchmark as a value to measure how an investment portfolio is performing and if it is delivering on its performance objectives.

Management and member investment choice

The trustees noted that employers or employer management committees of employers who have selected the Select Access and Full Access options can choose one of these strategies for members:

• AF Goals-based Balanced LifeStage model

• AF Goals-based Passive LifeStage model, or

• AF Goals-based Specialist LifeStage model

Employers who have selected the Base Access option are invested in the AF Retirement Navigator Portfolio.

The AF Goals-Based Balanced Lifestage model, AF Goals-Based Passive Lifestage model and AF GoalsBased Specialist Lifestage model are based on the normal retirement date of the members of the respective participating employers.

As a member, you can opt out of the employer or management committee default strategy and invest in the other active portfolios available within your fund.

Set your own investment strategy and choose your own portfolios

If you don’t want to be invested in the default investment strategy selected by the management committee, you can choose to make your own investment choices. You can invest your savings in a wide range of specially selected portfolios or have a different investment strategy for your existing money in the fund and your ongoing contributions. You can also switch between portfolios at any stage and at no cost. All portfolios are well diversified across various asset managers and types of investments.

The range of investment portfolios available to you

AF Goals-Based Balanced LifeStage strategy portfolios Niche and balanced multimanager portfolios Balanced single-manager portfolios

AF Balanced High Growth Accelerator Allan Gray Classic Balanced

AF High Growth Banker Coronation Best Investment II

AF Passive Bold Conserver Foord Asset Management

AF Access Houseview Income TargetPerformer Ninety One SA Pty Ltd Best Investment

AF Access Passive Houseview Income Target Real Return Focus M&G Portfolio Managers

AF Access Flexible Income TargetAF Retirement Navigator

AF Access Inflation Income TargetShari’ah Medium Growth Shari’ah High Growth

Stable Focus

Stable Focus Combined

You can find the historical returns earned, as well as more details on these portfolios at www.afonline.co.za.

You can also decide to invest in more than one of these portfolios or have a different investment strategy for your existing money in the fund and your ongoing contributions. All the portfolios offered are well diversified across types of investments.

Remember that your retirement fund is a long-term investment and can be a large part of your overall wealth when you retire. It is very important that you have a personal investment strategy in place to meet your unique retirement needs and goals. The trustees encourage you to get financial advice from an accredited expert financial adviser. Good advice from an experienced professional helps you to create and follow a financial plan that sets out your realistic investment objectives and how best to achieve these objectives. Your adviser will assess your financial goals, investment time frame and tolerance for risk and monitor as these may change over time, and make appropriate recommendations for you.

Retirement benefit counselling

The trustees encourage you to get all the information you need to make the best decisions on retirement. There are a number of ways you can get retirement counselling:

• Read the Options on retiring brochure made available to members

• Your HR or salaries department will put you in touch with an accredited financial adviser

• Contact the My Money Matters Centre

My Money Matters toolkit

Are you starting a new job, leaving your employer, retiring soon, or just trying to achieve your financial goals?

Our My Money Matters toolkit provides guided decision journeys for important financial decision moments during your working life and beyond. Our aim is for every person to make informed financial choices and access the support they need to make decisions that are right for them.

If you’d like assistance with understanding your fund, check out the information on the My Money Matters website or call the My Money Matters centre: 0860 000 381