Absa Absolute Fund
MANAGEMENT Fund Manager's Comment
Eben Mar, B.Sc. (Hons), M.Sc., Ph.D Applied Mathematics
FUND OBJECTIVES AND FOCUS

The fund aims to offer investors a consistent return of 4% above inflation as measured by the SA Consumer Price Index over rolling 36 month periods. It also aims to minimise the risk of capital loss over any 12 month period. The fund will use a strategic asset allocation strategy by investing across all classes of assets to lower the overall risk profile of the fund.


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WEBGRAPH
RANKING
SectorSouth African-Multi Asset-Low Equity
SizeR9,347,521,865
Sector Rank: 60 out of 84
(lump sum over 3 years to 31 July 2017)
Overall Rank: 522 out of 818
(lump sum over 3 years to 31 July 2017)
R1000 invested on 31 July 2014 was worth R 1162 at 31 July 2017
( 5.13% annual compound return)
R100 per month since 31 July 2014 was worth R 3815 at 31 July 2017
( 3.74% annual return compounded monthly)
TECHNICAL OVERVIEW
Formation Date:20 NOV 2006 Holdings:28
Original Price:0 Pricing:Forward
Top Holdings on 31 July 2017
Share (Sector)No.Value% of Fund
BHPBILL (Mining)356,00089,195,800 0.95 %
U-ABSABON (Gilt)528,183,764633,820,517 6.78 %
TONGAAT (Food Producers)500,00057,315,000 0.61 %
NASPERS-N (Media)25,75088,863,250 0.95 %
OLDMUTUAL (Life Insurance)2,303,75087,542,500 0.94 %
U-ABSAMM (Money Market)149,002,295149,002,295 1.59 %
GROWTHPROPAUS (Foreign Property)2,500,00082,547,987 0.88 %
SBS53 (Bond)620,000,000630,821,597 6.75 %
ASPEN (Pharmaceuticals - Biotechnology)131,50036,491,250 0.39 %
REUNERT (Electronic - Electrical Equipment)560,45640,408,878 0.43 %
CASH (Cash on call)063,508,922 0.68 %
MM-12MONTH (Money Market)0266,143,962 2.85 %
U-ABSAPRO (Property Unit Trusts)137,603,671597,199,933 6.39 %
U-AGLBCFF (International)554,104,495487,611,956 5.22 %
MTN GROUP (Mobile Telecommunications)563,25076,939,950 0.82 %
TOTAL R3,387,413,79736.23%

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