STANLIB Prudential Bond Fund
MANAGEMENT Fund Manager's Comment
Victor Mphaphuli
Victor joined SCMB Treasury in 1996 as a trainee dealer in the foreign exchange markets and later moved to Nedcor Investment Bank as a capital markets dealer. In early 2001, he joined Libam's fixed interest team as a capital markets dealer and assistant to Henk Viljoen.
FUND OBJECTIVES AND FOCUS

The STANLIB Corporate Bond Fund will normally invest in a spread of predominantly non-equity securities issued by listed corporate institutions and any public entity which may be included in a portfolio in terms of the Act and relevant legislation, and any other securities which are consistent with the portfolio's investment policy, including, but not limited to preference shares and property related non-equity securities. The manager will endevour to maintain the exposure to equities issued by listed corporate institutions and public entities at a minimum of 60% of the portfolio. The portfolio will also be allowed to invest in participatory interests of other similar collective investment schemes which are consistent with the portfolio's investment policy and may also include financial instruments in order to achieve the portfolio's investment objective. The portfolio will not be permitted to invest in foreign investment markets. The investment objective of the portfolio will be to seek to achieve maximum overall return in the form of both interest income and capital growth.


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WEBGRAPH
RANKING
SectorSouth African-Interest Bearing-Variable Term
SizeR893,907,225
Sector Rank: 10 out of 27
(lump sum over 3 years to 31 January 2019)
Overall Rank: 87 out of 981
(lump sum over 3 years to 31 January 2019)
R1000 invested on 31 January 2016 was worth R 1341 at 31 January 2019
( 10.27% annual compound return)
R100 per month since 31 January 2016 was worth R 4164 at 31 January 2019
( 9.27% annual return compounded monthly)
TECHNICAL OVERVIEW
Formation Date:24 DEC 2004 Holdings:16
Original Price:100 Pricing:Forward
Top Holdings on 31 January 2019
Share (Sector)No.Value% of Fund
U-STINLIN (Gilt)344,354357,206 0.04 %
U-SBKIMM (Money Market)36,001228,601 0.03 %
USA C (For Currency)02,109 0.00 %
AIRNAM04 (Namibian Gilt)893,228891,338 0.10 %
R2044 (Bond)143,435,641133,180,882 14.90 %
CASH (Cash on call)010,596,367 1.19 %
TOTAL R145,256,50316.26%

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