Community Growth Gilt Fund
MANAGEMENT Fund Manager's Comment
Daphne Botha, B Com (Hons), Diploma in Fin Markets
Daphne manages the money market and active bond fund portfolios. In addition, she trades fixed interest instruments and is responsible for risk monitoring and fund exposures and she oversees asset administration. Daphne joined Futuregrowth in April 2001 from NIB Asset Management.
FUND OBJECTIVES AND FOCUS

The fund aims to maximise total returns through a balance of capital growth and income generation. The fund invests in bonds with a particular emphasis on reconstruction and development. The emphasis is on institutions and projects that contribute to the development of South Africa through programmes that have a meaningful social impact and are committed to development, community participation and support. This is a medium to lower risk fund. The fund is exposed to interest rate fluctuations. Long-term bonds are more sensitive to rate changes, while short-term bonds experience more modest price movements. The holding of long and short-dated bonds in the fund is used to reduce these risks.


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WEBGRAPH
RANKING
SectorSouth African-Interest Bearing-Variable Term
SizeR196,771,830
Sector Rank: 8 out of 21
(lump sum over 3 years to 31 July 2017)
Overall Rank: 345 out of 818
(lump sum over 3 years to 31 July 2017)
R1000 invested on 31 July 2014 was worth R 1214 at 31 July 2017
( 6.68% annual compound return)
R100 per month since 31 July 2014 was worth R 3978 at 31 July 2017
( 6.39% annual return compounded monthly)
TECHNICAL OVERVIEW
Formation Date:14 JUL 1998 Holdings:50
Original Price:101 Pricing:Forward
Top Holdings on 31 July 2017
Share (Sector)No.Value% of Fund
R2048 (Bond)20,221,23119,953,722 10.14 %
CASH (Cash on call)04,273,062 2.17 %
TOTAL R24,226,78412.31%

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