10X
10X Investments Fund Distribution & Tax Analysis

Custom Simulation Parameters

Inputs update all calculations, net tax yields, and multi-year projection models across the portal in real time.

R
%
Fixed Deposit Baseline
9.00% Net ~6.29%

Tax drag: R27,142/yr (100% interest)

Fixed Deposit at Horizon
R1,315,437

Net compounded value after 5 yrs

Example Model B: Balanced
R1,408,000

+R92,600 vs Fixed Deposit

Example Model C: High Equity
R1,448,000

+R132,600 vs Fixed Deposit

Illustrative Portfolio Distribution Examples — Not Financial Advice

The distribution models shown below are hypothetical mathematical examples illustrating how combining different asset classes and funds impacts resulting income streams, effective tax rates, and after-tax compound growth. They are not personal recommendations. Consult an FSCA-licensed Certified Financial Planner (CFP®) to construct an individualized investment strategy.

Tax Timing Notice: Annual Tax Burden Fluctuates With Market Cycles

A fund holding 60% equities and 40% bonds does not produce a static 60/40 tax liability each tax year. In equity bull markets, returns consist mostly of capital appreciation (which is unrealized and tax-deferred). In flat market years, returns consist primarily of taxable interest income (taxed at your marginal rate of 41%). View the tax dynamics explanation →

Hypothetical Allocation Models (Live Projections)

Range Explanation (xx to yyy): Lower number = Since-Inception Track Record (Conservative) • Higher number = Recent 3-Year Annualised Track Record

Modeled for a lump sum of R1,000,000 at a 41% marginal bracket over 5 years.

Model Illustrative Composition Risk Category Est. Offshore Tech Blended Tax Rate Net After-Tax Rate* Net Value After 5 Yrs* Difference vs Fixed Deposit*
Fixed Deposit Baseline
Single 12-month fixed deposit term
 100% Cash Deposit Zero Volatility 0% 30.2% 6.29% R1,315,437 — Baseline —
Example Model A
Conservative Multi-Asset (Income Focus)
 60% Income Fund
40% Defensive Fund		 Cautious ~4.0% 33.1% 6.0% – 6.6% R1,337,000 – R1,376,000 +R21,600 to +R60,600
Example Model B
Balanced Medium Equity Allocation
 70% Moderate Fund
30% Income Fund		 Moderate ~6.8% 28.1% 6.7% – 7.5% R1,382,000 – R1,438,000 +R66,600 to +R122,600
Example Model C
Higher Equity Long-Term Growth
 80% Your Future Fund
20% Income Fund		 Moderate-Aggressive ~9.5% 25.1% 7.6% – 8.0% R1,444,000 – R1,467,000 +R128,600 to +R151,600
Example Model D
Domestic Focused (Equity, Property, Bonds)
 40% Income / 30% SA Equity
15% Property / 15% Govt Bond		 Aggressive ~2.6% (Zero US) 28.5% 8.6% – 11.5% R1,510,000 – R1,723,000 +R194,600 to +R407,600
* Why a range is shown: Unit trust returns fluctuate from year to year and are never fixed like a bank deposit. The range illustrates performance variation across two real historical benchmarks from 10X fact sheets: [Longer-Term Inception Average (Conservative)] to [Recent 3-Year Annualised Trailing Average].

Example Model A: Conservative / Defensive

Low Volatility

60% 10X Income Fund + 40% 10X Defensive Fund

Asset Split:Bonds 52% | Cash 21% | Equity 15% | Prop 1%
Est. Income Type:Interest 67% | Cap Gains 30% | Divs 3%
Max Drawdown:-6.2%
Offshore / Tech:19.7% Offshore | 4.0% Tech

Maintains a heavy fixed income anchor with regular distributions. Modest outperformance over fixed deposits.

Example Model B: Balanced Multi-Asset

Moderate Volatility

70% 10X Moderate Fund + 30% 10X Income Fund

Asset Split:Equity 38% | Bonds 35% | Cash 13% | Prop 2%
Est. Income Type:Cap Gains 47% | Interest 44% | Divs 7%
Max Drawdown:-10.0%
Offshore / Tech:29.2% Offshore | 6.8% Tech

Features a diversified blend across local equities, government bonds, and cash, maintaining modest tech exposure (~6.8%).

Example Model C: High Equity Multi-Asset

Higher Growth

80% 10X Your Future Fund + 20% 10X Income Fund

Asset Split:Equity 51% | Bonds 25% | Cash 10% | Prop 3%
Est. Income Type:Cap Gains 58% | Interest 32% | Divs 8%
Max Drawdown:-13.5%
Offshore / Tech:34.2% Offshore | 9.5% Tech

Allocates over half the portfolio to equities for higher capital compounding, with the majority of returns deferred as capital gains.

Example Model D: Domestic Asset Focused

High Domestic Tilt

40% Income + 30% SA Equity + 15% Property + 15% Govt Bond

Asset Split:Equity 30% | Bonds 40% | Prop 15% | Cash 10%
Est. Income Type:Cap Gains 45% | Interest 42% | Divs/REIT 13%
Max Drawdown:-16.5%
Offshore / Tech:4.8% Offshore | 2.6% Tech (Zero US AI)

Constructed to minimize offshore technology holdings by focusing on domestic banking, resources, high-yield sovereign debt, and REITs.