--- title: RisCura Low Equity Prescient Fund of Funds date: 2008-05-07T08:51:24Z modified: 2026-10-01T07:14:03Z permalink: "https://riscura.com/funds/riscura-low-equity-prescient-fund-of-funds/" type: fund status: publish excerpt: "" wpid: 1909 asset_class: Multi asset fund_structure: South African Collective Investment Scheme topic: Retirement, Emerging markets fund_size: R91m implementation: Multi-manager benchmark: "Asisa SA > Multi-Asset > Low Equity > Category Average" domicile: South Africa dealing_currency: ZAR subscription_notice_period: "Same day 13:00" fund_launch_date: 2020-12-01 minimum_investment: R500 redemption_notice_period: "Same day 13:00" timestamp: 2026-10-01T07:14:03Z tags: [] --- How we do it ## 01 ##### Regulation 28 Compliance The fund is fully compliant with Regulation 28, providing investors with peace of mind that all related compliance and regulatory standards have been met. ## 02 ##### Global Footprint We offer access to global allocations including to frontier and emerging markets like Africa and China. Using RisCura’s multi-asset solution also provides a blend of specialist, active and passive investment mandates and access to a full universe of established and emerging managers. ## 03 ##### Multi Manager Approach RisCura employs a combination of best of breed specialist boutique managers in each asset class. A combination of active and passive managers where appropriate allows for cost management, while not restricting the ability to generate market-beating returns. The underlying managers are combined in a sophisticated portfolio construction process that cater to different management styles. Fees - Fee ClassClass B1 - Management Fees0.61% - Performance FeesNo fee - Total Expense Ratio (TER)1.27% - Transaction Costs (TC)0.06% - Total Investment Charges (TIC)1.33% FUND DOCUMENTATION [ Download the factsheet ](https://riscura.com/wp-content/uploads/2026/08/Riscura-Low-Equity-Prescient-Fund-of-Fund-MDD-2026-07__.pdf) DISCLAIMER Collective Investment Schemes in Securities (CIS) should be considered as medium to long-term investments. The value may go up as well as down and past performance is not necessarily a guide to future performance. CIS’s are traded at the ruling price and can engage in scrip lending and borrowing. The collective investment scheme may borrow up to 10% of the market value of the portfolio to bridge insufficient liquidity. A schedule of fees, charges and maximum commissions is available on request from the Manager. There is no guarantee in respect of capital or returns in a portfolio. A CIS may be closed to new investors in order for it to be managed more efficiently in accordance with its mandate. CIS prices are calculated on a net asset basis, which is the total value of all the assets in the portfolio including any income accruals and less any permissible deductions (brokerage, STT, VAT, auditor’s fees, bank charges, trustee and custodian fees and the annual management fee) from the portfolio divided by the number of participatory interests (units) in issue. Forward pricing is used. The Fund’s Total Expense Ratio (TER) reflects the percentage of the average Net Asset Value (NAV) of the portfolio that was incurred as charges, levies and fees related to the management of the portfolio. A higher TER does not necessarily imply a poor return, nor does a low TER imply a good return. The current TER cannot be regarded as an indication of future TER’s. During the phase-in period TER’s do not include information gathered over a full year. Transaction Costs (TC) is the percentage of the value of the Fund incurred as costs relating to the buying and selling of the Fund’s underlying assets. Transaction costs are a necessary cost in administering the Fund and impacts Fund returns. It should not be considered in isolation as returns may be impacted by many other factors over time including market returns, the type of Fund, investment decisions of the investment manager and the TER. A Fund of Funds is a portfolio that invests in portfolios of collective investment schemes, which levy their own charges, which could result in a higher fee structure for these portfolios. The Manager retains full legal responsibility for any third-party-named portfolio. Where foreign securities are included in a portfolio there may be potential constraints on liquidity and the repatriation of funds, macroeconomic risks, political risks, foreign exchange risks, tax risks, settlement risks; and potential limitations on the availability of market information. The investor acknowledges the inherent risk associated with the selected investments and that there are no guarantees. Please note that all documents, notifications of deposit, investment, redemption and switch applications must be received by Prescient by or before 13:00 (SA), to be transacted at the net asset value price for that day. Where all required documentation is not received before the stated cut off time Prescient shall not be obliged to transact at the net asset value price as agreed to. Funds are priced at either 3pm or 5pm depending on the nature of the Fund. Prices are published daily and are available on the Prescient website. Performance has been calculated using net NAV to NAV numbers with income reinvested. The performance for each period shown reflects the return for investors who have been fully invested for that period. Individual investor performance may differ as a result of initial fees, the actual investment date, the date of reinvestments and dividend withholding tax. Full performance calculations are available from the manager on request. For any additional information such as fund prices, brochures and application forms please go to [www.prescient.co.za](http://www.prescient.co.za/). **Disclaimer for Fund specific risk** 1. Default risk: The risk that the issuers of fixed income instruments (e.g. bonds) may not be able to meet interest payments nor repay the money they have borrowed. The issuers credit quality it vital. The worse the credit quality, the greater the risk of default and therefore investment loss. 2. Derivatives risk: The use of derivatives could increase overall risk by magnifying the effect of both gains and losses in a Fund. As such, large changes in value and potentially large financial losses could result. 3. Developing market (excluding SA) risk: Some of the countries invested in may have less developed legal, political, economic and/or other systems. These markets carry a higher risk of financial loss than those in countries generally regarded as being more developed. 4. Foreign investment risk: Foreign securities investments may be subject to risks pertaining to overseas jurisdictions and markets, including (but not limited to) local liquidity, macroeconomic, political, tax, settlement risks and currency fluctuations. 5. Interest rate risk: The value of fixed income investments (e.g. bonds) tends to be inversely related to interest and inflation rates. Hence their value decreases when interest rates and/or inflation rises. 6. Property risk: Investments in real estate securities can carry the same risks as investing directly in real estate itself. Real estate prices move in response to a variety of factors, including local, regional and national economic and political conditions, interest rates and tax considerations. 7. Currency exchange risk: Changes in the relative values of individual currencies may adversely affect the value of investments and any related income. 8. Geographic / Sector risk: For investments primarily concentrated in specific countries, geographical regions and/or industry sectors, their resulting value may decrease whilst portfolios more broadly invested might grow. 9. Derivative counterparty risk: A counterparty to a derivative transaction may experience a breakdown in meeting its obligations thereby leading to financial loss. 10. Liquidity risk: If there are insufficient buyers or sellers of particular investments, the result may lead to delays in trading and being able to make settlements, and/or large fluctuations in value. This may lead to larger financial losses than expected. 11. Equity investment risk: Value of equities (e.g. shares) and equity-related investments may vary according to company profits and future prospects as well as more general market factors. In the event of a company default (e.g. bankruptcy), the owners of their equity rank last in terms of any financial payment from that company.