Momentum Maximum 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

The fund's objective is to generate a regular, reliable source of income, while attempting to grow capital prudently by monitoring the fund's positioning on the local yield curve. It is benchmarked against the average of the fixed-interest income funds.


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WEBGRAPH
RANKING
SectorSouth African-Interest Bearing-Short Term
SizeR590,959,192
Sector Rank: 17 out of 27
(lump sum over 3 years to 31 July 2017)
Overall Rank: 270 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
( 7.12% annual compound return)
R100 per month since 31 July 2014 was worth R 4048 at 31 July 2017
( 7.50% annual return compounded monthly)
TECHNICAL OVERVIEW
Formation Date:01 FEB 1995 Holdings:120
Original Price:100 Pricing:Forward
Top Holdings on 31 July 2017
Share (Sector)No.Value% of Fund
FUTURES M (Derivatives)0167,189 0.03 %
R212 (Bond)12,199,00018,304,182 3.10 %
CASH (Cash on call)05,460,141 0.92 %
MM-05MONTH (Money Market)036,605,884 6.19 %
TOTAL R60,537,39610.24%

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