Gryphon Money Market Fund
MANAGEMENT Fund Manager's Comment
Abri du Plessis, MCom (Econometrics),
Abri s position at Gryphon is that of Economist and Portfolio Manager where his primary focus is on the multi-asset service offering - a role that sees his wealth of quantitative experience put to effective use. He is involved in co-managing the Money Market Fund and Equity Tracker solutions. Abri s experience spans all aspects of the industry and market and, having co-founded Gryphon, he is instrumental in the strategic direction of the group.
Sunette Swart, B Compt (Hons), CTA, CA(SA)
Sunette is an active member of our fixed income franchise, credit and risk committee, and takes on the role of co-managing our Money Market Portfolios. Having articled with EY and staying on in the auditing profession for a number of years, she changed direction and joined the Gryphon team as Head of Finance in 2004.
FUND OBJECTIVES AND FOCUS

The Gryphon Money Market Fund generates a high level of monthly interest income, while preserving capital. It invests in money market instruments such as government and public-sector securities, treasury bills, debentures and bank deposits. These instruments have a maturity of not more than 12 months. To ensure that liquidity is available, and the capital is preserved, the average maturity may not exceed 90 days. In the case of abnormal credit events impacting underlying holdings, the capital value of the portfolio may reduce. The fund is, however, managed to ensure that liquidity is available, and the capital is preserved. Key Features - A low-risk investment that generates optimal interest income while preserving capital - Invests in only vanilla investments with a short-term credit rating of A1/F1 or better - predictable outcome; no surprises - Incremental outperformance resulting in consistent growth Who should invest? - Investors seeking to maximize interest income without putting their capital at risk - Investors with an appetite for bank deposits or equivalents Performance objective The primary performance objective of the portfolio is to obtain as high a level of current income as is consistent with capital preservation and liquidity. The fund aims to achieve top quartile performance in its category


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WEBGRAPH
RANKING
SectorSouth African-Interest Bearing-Money Market
SizeR764,366,599
Sector Rank: 14 out of 31
(lump sum over 3 years to 30 June 2015)
Overall Rank: 217 out of 1038
(lump sum over 3 years to 31 July 2019)
R1000 invested on 31 July 2016 was worth R 1247 at 31 July 2019
( 7.64% annual compound return)
R100 per month since 31 July 2016 was worth R 4036 at 31 July 2019
( 7.31% annual return compounded monthly)
TECHNICAL OVERVIEW
Formation Date:01 OCT 1999 Holdings:20
Original Price:100 Pricing:Forward
Top Holdings on 31 July 2019
Share (Sector)No.Value% of Fund
TFS160 (Bond)30,000,00030,439,887 3.98 %
CASH (Cash on call)076,595,629 10.02 %
MM-02MONTH (Money Market)0333,790,453 43.67 %
TOTAL R440,825,96957.67%

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