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
SizeR5,824,465,769
Sector Rank: 97 out of 123
(lump sum over 3 years to 31 July 2019)
Overall Rank: 590 out of 1038
(lump sum over 3 years to 31 July 2019)
R1000 invested on 31 July 2016 was worth R 1119 at 31 July 2019
( 3.82% annual compound return)
R100 per month since 31 July 2016 was worth R 3865 at 31 July 2019
( 4.57% annual return compounded monthly)
TECHNICAL OVERVIEW
Formation Date:20 NOV 2006 Holdings:28
Original Price:0 Pricing:Forward
Top Holdings on 31 July 2019
Share (Sector)No.Value% of Fund
ANGLO (Mining)75,00030,078,750 0.52 %
U-ABSABON (Gilt)150,980,615188,725,769 3.24 %
OCEANA (Food Producers)540,90337,214,126 0.64 %
SHOPRIT (Food - Drug Retailers)225,00035,775,000 0.61 %
EQUITES (Real Estate Investment Trusts)2,000,00042,340,000 0.73 %
U-ABSAMM (Money Market)83,510,65083,510,650 1.43 %
FOREIGNBO (Foreign Invest)0470,016,151 8.07 %
SBS53 (Bond)500,000,000519,886,329 8.93 %
LIFEHC (Health Care Equipment - Services)700,00015,652,000 0.27 %
KAP (General Industrials)5,000,00028,100,000 0.48 %
CASH (Cash on call)0288,118,056 4.95 %
MM-17MONTH (Money Market)060,063,250 1.03 %
U-ABSAPRO (Property Unit Trusts)47,896,329136,025,574 2.34 %
NASPERS-N (Software - Computer Services)15,00051,019,950 0.88 %
VODACOM (Mobile Telecommunications)180,00021,555,000 0.37 %
TOTAL R2,008,080,60534.49%

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