STANLIB USD Currency Fund of Funds
MANAGEMENT Fund Manager's Comment
Paul Hansen, B Com, MBA
After completing his articles at Alex Aitken and Carter he joined UAL Merchant Bank in 1979, initially assisting as a portfolio manager and later working as an investment analyst. After completion of a full time MBA he relocated to the USA where he spent nine years as a stockbroker/financial consultant, mostly with Shearson Lehman Bros. He returned to South Africa in 1992 and joined Old Mutual Invesments with involvement in portfolio management and client report backs. He joined SCMB Asset Management division in 1995, after a stint in portfolio management at RMB Asset Management. Paul Hansen is responsible for managing the onshore portion and Fidelity Investment Managers the offshore portion.
FUND OBJECTIVES AND FOCUS

The STANLIB USD Currency Fund of Funds' main objective is long-term growth of capital and income. Investments will, apart on assets in liquid form, consist solely of participatory interests of collective investment schemes, which invest, principally in US dollar-denominated fixed-interest portfolios. Initially, these foreign collective investment schemes will include: Fidelity Funds SICAV, Fidelity Funds SICAV II, Fidelity Investments Funds OEIC and Fidelity's UK Authorised Unit Trusts. This portfolio may have a maximum of 100% direct and/or indirect foreign exposure.


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WEBGRAPH
RANKING
SectorRegional-Interest Bearing-Short Term
SizeR199,462,582
Sector Rank: 4 out of 7
(lump sum over 3 years to 31 July 2017)
Overall Rank: 650 out of 818
(lump sum over 3 years to 31 July 2017)
R1000 invested on 31 July 2014 was worth R 1111 at 31 July 2017
( 3.56% annual compound return)
R100 per month since 31 July 2014 was worth R 3444 at 31 July 2017
( -2.89% annual return compounded monthly)
TECHNICAL OVERVIEW
Formation Date:03 SEP 2001 Holdings:1
Original Price:100 Pricing:Forward
Top Holdings on 31 July 2017
Share (Sector)No.Value% of Fund
FID-USDOLLAR (Cash)673143,390,329 71.89 %
CASH (Cash on call)08,474,739 4.25 %
TOTAL R151,865,06876.14%

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