Absa Income Enhancer Fund
MANAGEMENT Fund Manager's Comment
Rehana Rungasamy, B Com, SAIFM
Rehana joined Absa Asset Management in May 2008 as a Fixed Interest Rate Dealer, where she assumed responsibility for the money market and bond trading. Previously, she worked for Stanlib Asset Management where she fulfilled different roles, starting out as a Trade Processing Manager before joining their Fixed Interest Rate trading desk as a money market Dealer. Rehana holds a Bcom degree specializing in Accounting and Economics from UNISA.
James Turp, B.Econ, SAIFM
James joined Absa Asset Management (ABAM) in December 2013 as Portfolio Manager for domestic bonds. He has a wealth of experience having spent 22 years working within local and international investment bank treasuries and at a parastatal treasury. The majority of his career has been focussed on fixed income market making and managing of a trading portfolio in South African fixed income products. Previous employers include Nedbank Capital, WestLB, Standard Bank and Eskom treasury.

The Absa Income Enhancer aims to provide investors with a high interest income return over the short to medium term. The investable universe of the fund will include interest bearing and non-equity securities, including but not limited to bonds, cash deposits and money market instruments. Modified duration of the fund will not exceed 2 years.

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SectorSouth African-Interest Bearing-Short Term
Sector Rank: 10 out of 30
(lump sum over 3 years to 31 January 2019)
Overall Rank: 138 out of 981
(lump sum over 3 years to 31 January 2019)
R1000 invested on 31 January 2016 was worth R 1282 at 31 January 2019
( 8.64% annual compound return)
R100 per month since 31 January 2016 was worth R 4089 at 31 January 2019
( 8.13% annual return compounded monthly)
Formation Date:01 APR 1993 Holdings:20
Original Price:100 Pricing:Forward
Top Holdings on 31 January 2019
Share (Sector)No.Value% of Fund
U-ACOREIN (Income)91,123,93491,616,003 11.22 %
FRJ25 (Bond)40,000,00041,521,970 5.08 %
CASH (Cash on call)0601,644 0.07 %
MM-12MONTH (Money Market)080,442,475 9.85 %
TOTAL R214,182,09226.22%

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