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Momentum Maximum Income Fund (A)

South African - Interest bearing - Short term
Code:RMMF
Inception:01 Feb 1995

Latest Price : 30 Oct 2014 R 1.10
12mth Sector Rank4 / 12
12mth Overall Rank316 / 398
12mth Volatility vs Sector Average0.66
Equinox Buy FeesWholesale0.000%
Management Company Annual Fees:***0.86%
PSG Annual Admin and Platform Fee[details]
TER Ratio0.87%
TER Performance- -
TER Date30 Sep 2013
Latest Total AssetsR 730.3m
Assets at end March 2014R 962.3m
Previous QuarterR 962.6m
Move- R 0.3m
Income Declaration and Payment
DeclarationQuarterly: End of March, June, September and December
PaymentReinvestments and distributions are paid out within a few working days
Performance to 30 Oct 2014 ++
InvestedPriceIncomeTotal
3 months-0.64%1.67%1.03%
6 months-0.28%2.74%2.46%
1 year-0.34%5.68%5.34%
3 years0.85%16.24%17.08%
5 years1.34%31.45%32.79%
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: This fund aims to outperform a regular annual fixed deposit or money market investment over time.

Benchmark: The fund's performance should be compared to the performance of the average performance of other funds in the same sector.

Fund strategy: The RMB Maximum Income Fund is actively managed to ensure that the portfolio always generates the highest level of income consistent with low risk .

 
Top Holdings at end March 2014
Holding% of Fund
BONDS44.78%
REPUBLIC OF SOUTH AFRICA4.06%
MMI 2015013.17%
MMI 2015082.48%
REPUBLIC OF SOUTH AFRICA2.30%
AFRICAN BANK LIMITED2.00%
FIRSTRAND BANK LIMITED1.93%
MMI 2016031.73%
REPUBLIC OF SOUTH AFRICA1.69%
MMI 2014041.68%
Total % 65.82%
Asset Allocation at end March 2014
Top Holdings at end December 2013
Holding% of Fund
ZAR Cash17.80%
MMI 2015074.76%
BOND DERIVATIVES4.27%
MMI 2016033.97%
MMI 2014043.66%
MMI 2015013.42%
REPUBLIC OF SOUTH AFRICA3.19%
MMI 2015033.13%
MMI 2016073.06%
MMI 2016042.76%
Total % 50.02%
Top Holdings at end September 2013
Holding% of Fund
BONDS48.94%
MMI 2014044.51%
MMI 2014064.07%
MMI 2014053.65%
REPUBLIC OF SOUTH AFRICA3.26%
MMI 2014022.35%
MMI 2013102.27%
MMI 2014031.82%
MMI 2014071.66%
FIRSTRAND BANK LIMITED1.61%
Total % 74.14%
 

 

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