FNB Namibia Unit Trusts Income Fund
MANAGEMENT Fund Manager's Comment
Conrad Wood, B Com (Economics), CFA
Conrad joined Momentum Asset Management in 1994 (then RMB Asset Management) and has been involved in the management of fixed-income portfolios from the start of his career. He was appointed as head of fixed income in October 2007, also taking that role in the new merged entity in February 2011. Conrad and his team currently oversee the management of R80 billion across various fixed income mandates, including for a number of institutional portfolios. He and his team have managed the Momentum Money Market Fund, the Momentum Maximum Income Fund and Momentum Diversified Yield Fund since their inception.
FUND OBJECTIVES AND FOCUS

To achieve a reasonable level of current income and the maximum stability for the capital invested. To achieve the fund's objective, the securities normally included in the portfolio consist of fixed income securities. These include approved securities, stock, financially sound preference shares, debenture stock, debenture bonds and unsecured notes. The fund is ideal for investors who require maximum, regular income, prefer a lower risk portfolio or do not require significant capital growth.


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WEBGRAPH
RANKING
SectorRegional-Namibian-Unclassified
SizeR107,234,419
Sector Rank: 12 out of 43
(lump sum over 3 years to 31 July 2017)
Overall Rank: 301 out of 818
(lump sum over 3 years to 31 July 2017)
R1000 invested on 31 July 2014 was worth R 1223 at 31 July 2017
( 6.95% annual compound return)
R100 per month since 31 July 2014 was worth R 4021 at 31 July 2017
( 7.08% annual return compounded monthly)
TECHNICAL OVERVIEW
Formation Date:01 OCT 2002 Holdings:72
Original Price:100 Pricing:Forward
Top Holdings on 31 July 2017
Share (Sector)No.Value% of Fund
FOREIGN MMI (For Currency)046,251,508 43.13 %
GC18 (Namibian Gilt)2,000,0002,104,619 1.96 %
NED14 (Bond)2,340,0002,341,894 2.18 %
NAMIBIA C (Cash on call)03,275,545 3.05 %
TOTAL R53,973,56650.32%

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