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Momentum Bond Fund (A)

South African - Interest bearing - Variable term
Code:RMGF
Inception:01 Feb 1995

Latest Price : 24 Apr 2014 R 1.59
12mth Sector Rank6 / 7
12mth Overall Rank350 / 351
12mth Volatility vs Sector Average1.07
Equinox Buy FeesWholesale0.000%
Management Company Annual Fees:***0.86%
PSG Annual Admin and Platform Fee[details]
TER Ratio0.86%
TER Performance- -
TER Date30 Sep 2013
Latest Total AssetsR 949.2m
Assets at end December 2013R 968.9m
Previous QuarterR 1,106.2m
Move- R 137.3m
Income Declaration and Payment
DeclarationQuarterly: End of March, June, September and December
PaymentReinvestments are made within a few working days
Performance to 24 Apr 2014 ++
InvestedPriceIncomeTotal
3 months-0.20%1.85%1.65%
6 months-4.62%3.52%-1.10%
1 year-10.07%6.47%-3.61%
3 years2.16%21.20%23.36%
5 years2.25%39.16%41.41%
Price History
Fees include VAT.
* Published Retail Buy Fee is always the highest fee charged by the Management company.
*** Management Company Annual Fees are automatically worked into price and distributions paid. ++Price performances are based on historical price data, using a NAV price by NAV price comparison and exclude Equinox fees and management company initial fees. Income performances are based on interest and dividend distributions of the fund.
Fund Manager
Photo
Conrad Wood
Fund Overview

Objectives: The Momentum Bond Fund is actively managed to provide regular income plus the opportunity for capital growth.

Benchmark:† The fundís objective is to outperform the BEASSA All Bond Index as well as the Average of the Fixed Interest Bond Funds.

Other: This fund aims to provide a regular source of income with the potential for capital appreciation. The performance of the fund relative to BEASSA All Bond Index is a function of the average duration of the fund as well as the specific securities selected. The Metropolitan Gilt Unit Trust has merged with this fund with effect from 1 March 2012.

 
Top Holdings at end December 2013
Holding% of Fund
BONDS15.94%
REPUBLIC OF SOUTH AFRICA13.45%
REPUBLIC OF SOUTH AFRICA9.36%
REPUBLIC OF SOUTH AFRICA8.42%
REPUBLIC OF SOUTH AFRICA6.52%
REPUBLIC OF SOUTH AFRICA4.65%
REPUBLIC OF SOUTH AFRICA3.92%
REPUBLIC OF SOUTH AFRICA3.44%
REPUBLIC OF SOUTH AFRICA3.03%
DEVELOPMENT BANK OF SOUTHERN AFRICA2.50%
Total % 71.23%
Asset Allocation at end December 2013
Top Holdings at end September 2013
Holding% of Fund
REPUBLIC OF SOUTH AFRICA13.77%
BONDS9.66%
REPUBLIC OF SOUTH AFRICA9.43%
REPUBLIC OF SOUTH AFRICA9.35%
MMI 2014047.49%
REPUBLIC OF SOUTH AFRICA6.86%
REPUBLIC OF SOUTH AFRICA5.50%
REPUBLIC OF SOUTH AFRICA3.77%
REPUBLIC OF SOUTH AFRICA3.47%
MMI 2014063.09%
Total % 72.39%
Top Holdings at end June 2013
Holding% of Fund
BONDS15.28%
REPUBLIC OF SOUTH AFRICA14.59%
REPUBLIC OF SOUTH AFRICA11.98%
REPUBLIC OF SOUTH AFRICA10.29%
REPUBLIC OF SOUTH AFRICA6.63%
REPUBLIC OF SOUTH AFRICA5.91%
MMI 2014043.55%
REPUBLIC OF SOUTH AFRICA3.45%
REPUBLIC OF SOUTH AFRICA2.71%
REPUBLIC OF SOUTH AFRICA2.54%
Total % 76.93%
 

 

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