Community Growth Gilt Fund
MANAGEMENT Fund Manager's Comment
Rhandzo Mukansi, Bcom (Hons)
FUND OBJECTIVES AND FOCUS

The fund aims to maximise total returns through a balance of capital growth and income generation. The fund invests in bonds with a particular emphasis on reconstruction and development. The emphasis is on institutions and projects that contribute to the development of South Africa through programmes that have a meaningful social impact and are committed to development, community participation and support. This is a medium to lower risk fund. The fund is exposed to interest rate fluctuations. Long-term bonds are more sensitive to rate changes, while short-term bonds experience more modest price movements. The holding of long and short-dated bonds in the fund is used to reduce these risks.


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WEBGRAPH
RANKING
SectorSouth African-Interest Bearing-Variable Term
SizeR10,057,892
Sector Rank: 2 out of 27
(lump sum over 3 years to 31 July 2019)
Overall Rank: 84 out of 1038
(lump sum over 3 years to 31 July 2019)
R1000 invested on 31 July 2016 was worth R 1328 at 31 July 2019
( 9.92% annual compound return)
R100 per month since 31 July 2016 was worth R 4259 at 31 July 2019
( 10.68% annual return compounded monthly)
TECHNICAL OVERVIEW
Formation Date:14 JUL 1998 Holdings:50
Original Price:101 Pricing:Forward
Top Holdings on 31 July 2019
Share (Sector)No.Value% of Fund
R2037 (Bond)1,192,8571,085,433 10.79 %
CASH (Cash on call)0390,147 3.88 %
TOTAL R1,475,58014.67%

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