Old Mutual Bond Fund
MANAGEMENT Fund Manager's Comment
Old Mutual Investment Group SA, previously OMAM
Old Mutual Investment Group SA (OMIGSA) was incorporated in 1993 as a wholly owned subsidiary of the Old Mutual Group. In June 1997 it became a fully contained and independent asset management company. Based in Cape Town OMIGSA is a major player in the local institutional and retail market and offers a wide range of investment products to local and international investors as well as administering a variety of life fund products on behalf of the Old Mutual Group. A team of over 30 investment analysts conducts in-depth, independent, in-house research. This makes OMIGSA unique due to the proprietary nature of the research as well as the fact that it is current across all sectors, markets and economies. In South Africa, OMIGSA provides institutional and retail investors with access to a spread of international markets and investment opportunities through its operations in the United Kingdom and USA.
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 offer a combination of capital growth and high income yields. The fund invests in public and private sector bonds and deposits, with at least 50% invested in bonds with an effective government guarantee. A bond is a form of debt where the borrower pays a fixed level of interest until the debt is repaid at a predetermined date. The fund invests across the full spectrum of the yield curve. Capital growth is primarily achieved by actively taking advantage of interest rate cycles. This fund is for investors seeking a medium to lower risk investment that aims to maximise returns through a combination of capital gains and income returns. This is a moderate risk fund (risk rating 3). It 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 stock in the fund is used to reduce these risks.


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WEBGRAPH
RANKING
SectorSouth African-Interest Bearing-Variable Term
SizeR599,808,481
Sector Rank: 13 out of 21
(lump sum over 3 years to 31 July 2017)
Overall Rank: 405 out of 818
(lump sum over 3 years to 31 July 2017)
R1000 invested on 31 July 2014 was worth R 1200 at 31 July 2017
( 6.26% annual compound return)
R100 per month since 31 July 2014 was worth R 3983 at 31 July 2017
( 6.47% annual return compounded monthly)
TECHNICAL OVERVIEW
Formation Date:31 DEC 1994 Holdings:41
Original Price:203.22 Pricing:Forward
Top Holdings on 31 July 2017
Share (Sector)No.Value% of Fund
R2044 (Bond)50,151,06147,179,656 7.87 %
CASH (Cash on call)018,824,439 3.14 %
TOTAL R66,004,09511.01%

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