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

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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WEBGRAPH
RANKING
SectorSouth African-Interest Bearing-Short Term
SizeR586,570,012
Sector Rank: 18 out of 27
(lump sum over 3 years to 31 July 2017)
Overall Rank: 271 out of 818
(lump sum over 3 years to 31 July 2017)
R1000 invested on 31 July 2014 was worth R 1229 at 31 July 2017
( 7.11% annual compound return)
R100 per month since 31 July 2014 was worth R 4081 at 31 July 2017
( 8.01% annual return compounded monthly)
TECHNICAL OVERVIEW
Formation Date:01 APR 1993 Holdings:20
Original Price:100 Pricing:Forward
Top Holdings on 31 July 2017
Share (Sector)No.Value% of Fund
U-ACOREIN (Income)85,637,54986,750,837 14.79 %
FRJ25 (Bond)40,000,00041,204,741 7.02 %
CASH (Cash on call)0680,548 0.12 %
MM-22MONTH (Money Market)050,421,172 8.60 %
TOTAL R179,057,29830.53%

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