an ebooklet introducing African Alliance Botswana Management Company and its Unit Trusts.

1. African Alliance I Asset Management I 1
African Alliance Botswana
Brochure

2. 2 I African Alliance I Asset Management
African Alliance is an investment banking
group operating in Africa. We provide
local and on-the-ground investment
banking services across the African
continent.
Since 1992, African Alliance has built
a substantial infrastructure in terms
of offices and professional teams
throughout the continent to meet the
investment banking needs of our clients.
These include national governments,
municipalities, parastatals, pension funds
and large to medium-sized public and
private companies.
The African Alliance group has a unique
pioneering philosophy aimed at building
markets while developing solutions for our
clients in a local context using our on-the-
ground professionals. We are driven by
outcomes and add real value by drawing
on our collective skills and experience in:
• Asset management
• Alternative solutions
• Corporate finance
• Stockbroking
• Research
• Private equity
• Third-party administration
African Alliance’s businesses are licensed,
where applicable, by domestic regulators.
Our operating activities are conducted
with transparency and integrity using
various official codes of conduct.
African Alliance
Botswana
African
investment is
in our DNA
Local presence,local skills and
global support.
29% citizen owned.
AAB has created wealth in all its
mandates, notably P1bn private equity
wealth, since 1998:
Over 15 years of consistent
performance.
Largest ever transaction for a
Botswana Pension Fund.
Successfullylisted Letshego and
Letlole la Rona on the Botswana Stock
Exchange.
Good, consistent performance
according to publicly available
information.
Tightly regulatedand stands up to
scrutiny – CIU Act and NBFIRA.
Pioneered first unit trust in
Botswana in 1998.
The Pursuit of Performance with Passion and Integrity

3. African Alliance I Asset Management I 3
The Pursuit of Performance with Passion and Integrity
What are
Unit Trusts?
A unit trust is an investment that enables
you to pool your money along with other
investors who have similar investment
objectives.
Experienced investment managers, such
as African Alliance, then invest this pool of
money in a wide range of financial assets.
These assets include equities, bonds and
cash, issued in both local and international
markets.
How does a unit trust work?
The total value of the pool of invested
money is split into equal portions called
units. When you invest in unit trusts, you are
buying a portion of units of the total fund
and you are referred to as a unit holder.
The unit price is dependent on the market
value of the assets in which the pool of
money is invested and is calculated daily.
The value of the unit trust will rise and fall
because it is linked to the value of shares
and other assets in which the unit trust is
invested.
The number of units allocated to you
depends on how much money you contribute
and the price of units at the time of buying.
Unit trusts are a very convenient and low
cost way of investing in financial markets
otherwise difficult to access. They also
allow you to participate in the rewards of a
diversified range of assets without the risks
of a direct investment in one particular
asset. Because your investment is spread
over many assets, the overall risks are
reduced.
Benefits
• Excellent value
• Expert decision making
• Attractive returns
• Easy access to your money – 48 hrs.
African Alliance Botswana Unit Trust Funds
are suitable for all investors, large and
small eg.
• Pension funds
• Corporates
• Individuals
• Local authorities
• Parastatals
• Cooperatives
Why invest in
Unit Trusts

4. 4 I African Alliance I Asset Management
Investment objective and policy
The primary objective of this money market
fund is to seek an attractive level of current
income along with the preservation of
capital.
Investment instruments
This Fund invests in high quality, short-term
debt instruments and provides investors
with access to the wholesale money
market, usually the exclusive preserve of
the banking sector. The bulk of the holding
is normally made up of high yielding short-
term government bonds and listed floating
rate notes. This Fund is highly liquid, cost
effective and very safe, making it a superb
and less risky alternative to bank deposits.
Who should invest in this Fund?
This Fund is suitable for conservative
investors and as an investment for short-
term savings. The time horizon for this fund
is typically less than with other unit trusts
and is usually of a short to medium-term
nature.
Minimum initial investment
Individuals P10,000
Institutions P50,000
Fees and charges
No initial charge
Annual management fee 1%
Typical asset allocation*
African Alliance
Botswana Liquidity Fund
Domestic
bonds
Domestic
cash
* These are representative only and will vary over time
The Pursuit of Performance with Passion and Integrity
Risk profile
This is a low risk Fund.
Money Market,
e.g. African
Alliance Botswana
Liquidity Fund
Fixed Income, e.g.
African
Alliance Botswana
Global Income
Fund
Balanced,
e.g. African
Alliance Botswana
Value and Global
Allocation Funds
Equity
Lower risk RISK Higher risk
Income OBJECTIVE Capital Growth
Domestic
fixed
deposits

5. African Alliance I Asset Management I 5
Investment objective and policy
The primary objective of this balanced
Fund is to seek long-term stability and
capital growth, consistent with moderate
investment risk and a reasonable level of
current income.
Investment instruments
This Fund invests in shares, bonds and
floating rate notes listed on the Botswana
Stock Exchange, as well as government
bonds and short-term money market
instruments. The Fund provides investors
with a well diversified balanced portfolio,
producing returns on a risk reduced basis.
Who should invest in this Fund?
This Fund is ideally suited and tailored for
the small and medium size pension and
provident funds as well as the individual
with the supplementary long-term savings
plan. Investors in this Fund should have a
medium to long-term investment horizon
(a suggested minimum of 3 to 5 years is
appropriate)
Typical asset allocation*
African Alliance
Botswana Value Fund
Domestic
equities
Domestic
cash
Fixed interest
* These are representative only and will vary over time
Minimum investment amount
Once off lumpsum
investment
Minimum of
P1000
Monthly debit P100 or more
Fees and charges
Advisor fee/initial fee 5%
Annual management fee 2%
Risk profile
This is a medium risk Fund.
Money Market,
e.g. African
Alliance Botswana
Liquidity Fund
Fixed Income, e.g.
African
Alliance Botswana
Global Income
Fund
Balanced,
e.g. African
Alliance Botswana
Value and Global
Allocation Funds
Equity
Lower risk RISK Higher risk
Income OBJECTIVE Capital Growth
The Pursuit of Performance with Passion and Integrity

6. 6 I African Alliance I Asset Management
Investment objective and policy
The primary objective of this Fund is to
seek medium-term capital growth whilst
providing a steady flow of income consistent
with moderate investment risk.
Investment instruments
This Fund invests in global bonds and
is ideal for investors seeking offshore
exposure with a reasonable and steady flow
of income.
Who should invest in this Fund?
The unit price of this Fund is typically less
volatile than a balanced or equity fund due
to the absence of any holdings of shares and
is more appropriate for the conservative
investor or those in, or approaching, their
retirement.
Typical asset allocation*
African Alliance
Botswana Global Income Fund
Global cash
USD/EURGlobal fixed
interest
* These are representative only and will vary over time
Minimum investment amount
Once off lumpsum
investment
Minimum of
P1,000
Monthly debit P200 or more
Fees and charges
Advisor fee/initial fee 5%
Annual management fee 1%
Risk profile
This is a medium risk Fund.
Money Market,
e.g. African
Alliance Botswana
Liquidity Fund
Fixed Income, e.g.
African
Alliance Botswana
Global Income
Fund
Balanced,
e.g. African
Alliance Botswana
Value and Global
Allocation Funds
Equity
Lower risk RISK Higher risk
Income OBJECTIVE Capital Growth
The Pursuit of Performance with Passion and Integrity

7. African Alliance I Asset Management I 7
Investment objective and policy
The primary objective of this balanced
Fund is to seek long-term stability and
capital growth, consistent with moderate
investment risk and a reasonable level of
current income.
Investment instruments
This Fund provides investors with direct
access to global markets and has a well
diversified holding of global equities, bonds
and cash. The Fund is managed on a multi
management basis where only the best
performing managers in their particular
asset class are chosen on a worldwide basis.
Investors benefit from the experience of the
most highly trained financial managers in
their field, as rated by the global standards.
Who should invest in this Fund?
Investors in this Fund should have a
medium to long-term investment horizon
(a suggested minimum of 3 to 5 years is
recommended).
Typical asset allocation*
African Alliance
Botswana Global Allocation Fund
Global
equities
Global cash
USD/EUR
Global fixed
interest
* These are representative only and will vary over time
Minimum investment amount
Once off lumpsum
investment
Minimum of
P1,000
Monthly debit P200 or more
Fees and charges
Advisor fee/initial fee 5%
Annual management fee 1%
Risk profile
This is a medium risk Fund.
Money Market,
e.g. African
Alliance Botswana
Liquidity Fund
Fixed Income, e.g.
African
Alliance Botswana
Global Income
Fund
Balanced,
e.g. African
Alliance Botswana
Value and Global
Allocation Funds
Equity
Lower risk RISK Higher risk
Income OBJECTIVE Capital Growth
The Pursuit of Performance with Passion and Integrity

8. 8 I African Alliance I Asset Management
Investment objective and policy
The primary objective of this Fund is to seek
an attractive level of income over a rolling
twelve-month period with a focus on capital
preservation.
Who should invest in this Fund?
This Fund is a professional fund* suitable
for institutional, corporate and high-net-
worth investors who require a higher yield
than that available from a money fund and
are comfortable with the higher level of risk
that this necessarily entails.
Investment portfolio
This Fund invests in short-term cash and
near-cash instruments, medium-term
bank deposits, and medium- to long-
term government and corporate debt
instruments, all denominated in Botswana
pula.
Liquidity
This Fund offers one dealing day per
month with a minimum notice period of
one calendar month, and is best suited to
investors with a medium-term investment
horizon.
*This Fund has been authorised as a professional fund by the
Non-Bank Financial Institutions Regulatory Authority and is
not subject to the investment limits applied to a conventional
Collective Investment Scheme.
Minimum initial investment
BWP 500,000
Fees and charges
Initial charge None
Annual management fee 1.25%
Typical asset allocation **
African Alliance
Botswana Enhanced Yield Fund
** These are representative only and will vary over time
Risk profile
Money
market
Enhanced
yield
Fixed
income
Balanced Equity
Domestic bonds
40%
Domestic
money market
25%
Domestic
fixed deposits
35%
Lower risk RISK Higher risk
Income OBJECTIVE Capital Growth
The Pursuit of Performance with Passion and Integrity

9. African Alliance I Asset Management I 9
Contact Details
African Alliance Botswana
African Alliance House, Plot 50361, Fairgrounds Office Park, Gaborone
PO Box 2770, Gaborone
Telephone: 318 8958 / 3643 900
Facsimile: 318 8956 / 3170 122
email: info@africanalliance.bw
Fund Managers
African Alliance Botswana Management Company Limited
(Incorporated in Botswana – Reg. No. 98/1621)
www.africanalliance.com
Disclaimer
The following information is important and you should read this information if you are unclear at any time as to the
purpose of this document.
Although information in this document has been obtained from sources believed to be reliable, African Alliance does not
represent or warrant its accuracy, and such information may be incomplete or condensed. All estimates and opinions in
this document constitute our judgement as of the date of the document and may be subject to change without notice.
African Alliance will not be responsible for the consequences of reliance upon any opinion or statement contained
herein or for any omission. This document is for the private use of African Alliance and may not be reproduced or
disclosed, in whole or in part, to any other person without our prior written permission.
The value of investments and the income derived from them can fall as well as rise, and past performance does not
guarantee or predict future performance. Investment products may be subject to investment risks, involving but not
limited to, currency exchange and market risks, fluctuations in value and, where applicable, possible loss of principal
invested.
The manner in which this document is distributed may be restricted by regulation or law in certain countries and
persons who come into possession of this document should inform themselves of and observe any restrictions. This
document does not constitute an offer to sell, solicit or offer to buy any investment product, and is not intended to be a
final representation of the terms and conditions of any product. The investments mentioned in this document may not
be suitable for all recipients and you should seek professional advice if you have any doubts. Clients should obtain legal
and/or taxation advice suitable to their particular circumstances.