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Bundles

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 What is a bundle? 

A bundle is an investment portfolio that is owned by an individual investor but looked-after/managed by a professional money manager, which they receive a fee for in return. To check out the Bundles on the website, use the 'Bundles' option under Investment Type filter.

 Why do I pay a Bundle fee? 
A bundle fee is a cost charged by each manager for their time, expertise and management of the bundle e.g. selecting the stocks and their weightings within each bundle. Bundle fees vary according to each manager and can be viewed by clicking on the specific bundle icon on the platform.

Fee Breakdown:

The more funds are adjusted and traded, the more expenses you will incur. Each transaction has a cost.

Total Expense Ratio is the total costs associated with managing a fund.

Total Expense Ratio (TER) Breakdown:

TER can be calculated by: Performance Fee + Management Fee + Negative Interest Charges + Other Expenses + Underlying Portfolio TER = Total Expense Ratio.

0.0% (Performance Fee) + 0.10% (Management Fee) + 0.03% (Negative Interest) + 0.05% (Other Expenses) + 0.05% (Underlying Portfolio TER) = 0.23% (TER)

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. The TER ratio does not include transaction costs

Transaction costs are affected by the frequency of rebalancing/ turnover. Each time the bundle is adjusted there is a transaction cost.

TER charges are affected by what is held in the bundle, like ETFs.

The Total Investment Charge is calculated

Bundle Fee + TER + Transaction Costs = Total Investment charge

An example of this would be: 0.75% (Bundle Fee P/A) + 0.27% (TER) + 0.23% (Transaction Cost) = 1.25% Total Investment Charge

 Which bundle is right for me? 
To help you understand the level of risk you are comfortable with when investing, we offer a tool called Riskalyze that determines your risk profile and gives you a risk number/score. You can then use your risk number to assist you in finding a bundle that is compatible to your risk profile. You will notice that all EasyEquities Bundles and Baskets have a risk score. Click here to find out your risk profile: What is my Risk Number? 

The risk number established by this tool is simply a rough guide as to how you think about risk and what bundles or baskets might suit you and by no means a definitive indicator of what you should buy.
 How long will it take for my bundle purchase to reflect in my account? 
If you purchase a bundle before the close of the market, and there are no suspended instruments within the bundle, the investment should reflect within the same business day. 

However, factors that may affect this time include the number of constituents in the model portfolio, the value of your investment and the status of any pending corporate actions, or constituents themselves within the model portfolio.
 Bundle rebalancing 
A Bundle manager select the stocks and their weightings within the bundle. Managers rebalance their bundles to align the weights of all portfolios invested in a bundle to the model portfolio. This ensures they are aligned to their portfolio mandate and strategy. Managers also consider the current and everchanging economic climate. 

During this time, you will not be able to invest or disinvest from the bundle and will receive the following message: " This portfolio is currently undergoing some changes. Feel free to set up a recurring investment or come back later and invest”. The rebalancing process takes no longer than 1 business day, at which time you will then be able to invest or disinvest from the bundle. The rebalance process should take no longer than 1 business day. Should you not be able to invest, or disinvest from a bundle for more than 1 business day, please log a ticket with team for investigation.
 Disinvesting from a Bundle 
With no lock in period, or penalty for early redemption/disinvestment, you can disinvest from their bundle at any time. Your funds will reflect in your account immediately after disinvesting from a bundle, however, settlement periods will still apply before you are able to make a withdrawal.
 The value of my account/NAV dropped when I purchased my bundle 
This is due to the cash flow process between your primary EE account and your bundle account. There can be a time delay between when your outflow investment cash is not valued within your primary account, or valued in your bundle account, but will reflect upon the conclusion of your bundle purchase. Future bundles enhancements will improve this process and the visibility of cash flows between your primary and bundle accounts.
 Why did my bundle purchase not execute? 
There are a number of reasons outlined below, why a bundle purchase may not be executed or delayed. However, your bundle purchase will be processed upon resolution of any of the below, that may have caused the issue: 

A constituent in the model portfolio that has been suspended by our Risk team due to low liquidity, or inactivity on the exchange. 

A constituent in the model portfolio has a corporate action pending, this could result in a delayed purchase. 

A constituent in the model portfolio has been suspended on the exchange. 

A constituent in the model portfolio may be in a Volatility, Intraday or Extended auction, click here to view our FAQ’s on auctions.
 How are bundles taxed? 
Click on the following link to review a breakdown of the different kinds of taxes you would pay when investing with EasyEquities.
 What is the difference between bundles and baskets? 
Bundles are an investment portfolio managed by a professional money manager, who selects the stocks and their weightings within the bundle and charge a fee for the ongoing management of that Bundle. Managers rebalance their bundles to ensure they are aligned to their portfolio mandate and strategy. 

Baskets are similar to bundles as the holdings within the basket have been pre-selected by either a well-known personality or market professional and although you pay an upfront fee, this fee covers the intellectual property of the basket creator and the strategy, not for the ongoing management, as baskets are not managed or rebalanced.
 Bundle error messages 
Pending transaction error message: 

There are a number of reasons outlined below, why you may receive a pending transaction error message when investing or disinvesting from a bundle. However, your transaction will be processed as soon as any of the below issues that caused the bundles pending state, has been resolved: 

Timing - you may have an existing bundle purchase or disinvestment that has not been completed and is still pending. 

A constituent in the model portfolio that has been suspended by our Risk team due to low liquidity, or inactivity on the exchange. 

A constituent in the model portfolio has a corporate action pending, this could result in a delayed purchase. 

A constituent in the model portfolio has been suspended on the exchange. 

A constituent in the model portfolio may be in a Volatility, Intraday or Extended auction, click here to view our FAQ’s on auctions.

Bundle is currently undergoing some changes: 

This is due to the bundle being locked for rebalancing, you will not be able to invest or disinvest from the bundle at this time.

This product is currently not available: 

This is due to the bundle not being available within the selected wallet. This product is not compatible with your risk profile. Please proceed with caution. Should you purchase a bundle that is not compatible to your risk score, you will receive this message. However, this message is a warning to alert you that your selected bundle is not compatible with your risk score, you can still continue with your bundle purchase. Click here to find out your risk profile: What is my Risk Number?

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