Old Mutual Top 40 Index Fund
MANAGEMENT Fund Manager's Comment
Frank Sibiya, BSc (Mathematical Sciences)
Frank joined Customised Solutions in September 2009 as an Investment Analyst before becoming an Index Portfolio Manager in 2012. He is responsible for managing both local and international tracker funds. He has eight years industry experience specialising in managing funds in Africa, and Emerging Markets. Prior to joining Customised Solutions, he was a lecturer at Tshwane University of Technology (Mathematics and Statistics Department) for five years. Frank also worked as a research assistant for Siyazi-SA Consulting, under operations risk management.
Bernisha Lala, CFA, MSc(Advanced Analytics - Decision Scs), BSc Financial Engnring(Hons), BSc Financial Mathematics
Bernisha joined Old Mutual Customised Solutions as an Indexation Portfolio Manager in 2017. Her responsibilities include indexation portfolio management, optimisation and implementation. Prior to this role she held positions as both a quantitative analyst and portfolio manager at Taquanta Asset Managers, working on both the passive and active product offerings. Bernisha joined Nedbank in 2005 as a quantitative analyst and worked in the Corporate Ratings unit. She also worked as an assistant lecturer in the Department of Statistics at the University of Pretoria. Bernisha has 12 years of work experience in the investment industry.
FUND OBJECTIVES AND FOCUS

The fund aims to provide long-term capital growth by tracking the performance of the top 40 companies listed on the JSE Securities Exchange (JSE). This fund is suitable for investors who want to grow capital over the long term by tracking the FTSE/JSE Top 40 Index. The investor can tolerate stock market volatility. The fund tracks the FTSE/JSE Top 40 Index as closely as possible and invests in shares included in the index. The portfolio is tailored to match the performance of the FTSE/JSE Top 40 Index, but other securities will be held to offset high inflows and index fluctuations. Derivatives may be used for efficient portfolio management purposes.


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WEBGRAPH
RANKING
SectorSouth African-Equity-Large Cap
SizeR691,926,697
Sector Rank: 8 out of 18
(lump sum over 3 years to 31 July 2019)
Overall Rank: 384 out of 1038
(lump sum over 3 years to 31 July 2019)
R1000 invested on 31 July 2016 was worth R 1176 at 31 July 2019
( 5.55% annual compound return)
R100 per month since 31 July 2016 was worth R 3908 at 31 July 2019
( 5.27% annual return compounded monthly)
TECHNICAL OVERVIEW
Formation Date:31 JAN 2001 Holdings:19
Original Price:0 Pricing:Forward
Top Holdings on 31 July 2019
Share (Sector)No.Value% of Fund
BHP (Mining)220,88179,819,767 11.54 %
RICHEMONT (Personal Goods)539,43864,630,067 9.34 %
BIDCORP (Food - Drug Retailers)35,02210,724,787 1.55 %
DERIVATIV (Derivatives)027,540 0.00 %
STANBANK (Banks)135,60126,568,304 3.84 %
ASPEN (Pharmaceuticals - Biotechnology)40,5334,054,921 0.59 %
REMGRO (General Industrials)54,22310,158,679 1.47 %
CASH (Cash on call)017,996,495 2.60 %
NASPERS-N (Software - Computer Services)45,053154,258,769 22.29 %
MTN GROUP (Mobile Telecommunications)189,66720,246,952 2.93 %
TOTAL R388,486,28156.15%

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