Absa Absolute Fund
MANAGEMENT Fund Manager's Comment
Eben Mar, B.Sc. (Hons), M.Sc., Ph.D Applied Mathematics
Kanyisa Ntontela, BCom (Hons)
FUND OBJECTIVES AND FOCUS

The fund aims to offer investors a consistent return of 4% above inflation as measured by the SA Consumer Price Index over rolling 36 month periods. It also aims to minimise the risk of capital loss over any 12 month period. The fund will use a strategic asset allocation strategy by investing across all classes of assets to lower the overall risk profile of the fund.


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WEBGRAPH
RANKING
SectorSouth African-Multi Asset-Low Equity
SizeR6,596,801,076
Sector Rank: 101 out of 114
(lump sum over 3 years to 31 July 2017)
Overall Rank: 682 out of 991
(lump sum over 3 years to 31 July 2017)
R1000 invested on 29 February 2016 was worth R 1119 at 28 February 2019
( 3.82% annual compound return)
R100 per month since 29 February 2016 was worth R 3833 at 28 February 2019
( 4.03% annual return compounded monthly)
TECHNICAL OVERVIEW
Formation Date:20 NOV 2006 Holdings:28
Original Price:0 Pricing:Forward
Top Holdings on 31 July 2017
Share (Sector)No.Value% of Fund
ASSORE (Mining)56,75116,457,790 0.25 %
U-ABSABON (Gilt)234,753,445284,051,669 4.31 %
OCEANA (Food Producers)540,90339,961,914 0.61 %
TSO SUN (Travel - Leisure)1,800,00038,574,000 0.58 %
MAS (Real Estate Investment - Services)2,460,78452,168,621 0.79 %
U-ABSAMM (Money Market)116,581,389116,429,329 1.76 %
FOREIGNBO (Foreign Invest)065,256,369 0.99 %
SBS53 (Bond)680,000,000713,140,247 10.81 %
LIFEHC (Health Care Equipment - Services)887,00023,416,800 0.36 %
KAP (General Industrials)3,500,00028,385,000 0.43 %
CASH (Cash on call)017,873,635 0.27 %
MM-11MONTH (Money Market)0202,476,127 3.07 %
U-ABSAPRO (Property Unit Trusts)49,749,958140,792,382 2.13 %
U-AGLBPRF (International)69,485,45867,400,894 1.02 %
MTN GROUP (Mobile Telecommunications)200,00017,800,000 0.27 %
TOTAL R1,824,184,77727.65%

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