Old Mutual Income Fund
MANAGEMENT Fund Manager's Comment
Wikus Furstenberg, M Com (Economics)
Wikus manages a range of fixed interest portfolios, which include the Income Fund, Enhanced Income Fund, Namibia Enhanced Income Fund and the fixed interest component of the Real Income Fund. Wikus joined Old Mutual Investment Group in October 1999 as a fixed interest portfolio manager from ABN AMRO Securities. He started his career in the Economics Department of the South African Reserve Bank. In 1995, he joined ABSA Bank Treasury as a treasury economist and pursued this position until 1997.
FUND OBJECTIVES AND FOCUS

The fund aims to offer a high level of income, together with relative capital stability. It aims to pay out a high regular income without putting the investor's money at undue risk. It aims to achieve higher than money market returns by taking on marginally more risk. The fund invests in local interest-bearing investments including fixed and floating rate bonds and money market instruments. The average duration of the fund will always be less than two years, which contributes to its relative capital stability. This fund is suited to investors seeking capital stability. It can be used as a secure parking bay in times of stock market instability as well as a means of phasing money into an equity (share) fund over a period of time.


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WEBGRAPH
RANKING
SectorSouth African-Interest Bearing-Short Term
SizeR1,822,489,793
Sector Rank: 7 out of 27
(lump sum over 3 years to 31 July 2017)
Overall Rank: 210 out of 818
(lump sum over 3 years to 31 July 2017)
R1000 invested on 31 July 2014 was worth R 1242 at 31 July 2017
( 7.50% annual compound return)
R100 per month since 31 July 2014 was worth R 4113 at 31 July 2017
( 8.50% annual return compounded monthly)
TECHNICAL OVERVIEW
Formation Date:24 APR 1989 Holdings:73
Original Price:103.11 Pricing:Forward
Top Holdings on 31 July 2017
Share (Sector)No.Value% of Fund
DERIVATIVB (Derivatives)0-95,016 -0.01 %
BONDS (Bond)076,344,577 4.19 %
CASH (Cash on call)069,327,599 3.80 %
MM-07MONTH (Money Market)0120,073,787 6.59 %
TOTAL R265,650,94714.57%

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