Old Mutual Flexible Fund
MANAGEMENT Fund Manager's Comment
Arthur Karas, BCom, CFA
Arthur takes on the role of chief investment officer. He is ex Quaystone, having spent eight years in portfolio management and analysis with BoE Asset Management. Prior to that he was with Syfrets Managed Assets where he managed the highly successful Syfrets Prime Select Fund from its inception until his departure. Arthur is a chartered financial analyst with a depth of experience in all aspects of asset management.
Peter Brooke, (BBuSc Finance (Hons)
Peter joined Old Mutual in May 2005 and has been the Head of MacroSolutions since 2007. Peter has specific responsibility for third-party funds, including the Profile range. He also manages two unit trust funds, Old Mutual Maximum Return Fund of Funds and Old Mutual Flexible Fund. The Old Mutual Edge28 Life Fund is also part of his portfolio. Having analysed countries and companies, Peter can integrate top-down and bottom-up drivers and valuations to create an optimal portfolio. Peter is an award-winning analyst who has extensive experience in the investment arena. He worked at a stockbroker for 10 years as an analyst and equity strategist, after which he was the Head of Research and Head of Equities for Cazenove South Africa.
FUND OBJECTIVES AND FOCUS

The fund aims to deliver long-term equity-like returns, but at lower levels of volatility than equity. The fund will predominantly invest in shares, but the portfolio manager can invest in less risky asset classes when they offer better value. This fund is suited to investors who want high long-term capital growth, but also want some protection against short-term fluctuations of the equity market. The fund is suitable for long-term savings outside a retirement fund.


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WEBGRAPH
RANKING
SectorSouth African-Multi Asset-Flexible
SizeR5,070,911,405
Sector Rank: 13 out of 48
(lump sum over 3 years to 28 February 2019)
Overall Rank: 396 out of 991
(lump sum over 3 years to 31 July 2017)
R1000 invested on 29 February 2016 was worth R 1182 at 28 February 2019
( 5.74% annual compound return)
R100 per month since 29 February 2016 was worth R 3839 at 28 February 2019
( 4.13% annual return compounded monthly)
TECHNICAL OVERVIEW
Formation Date:20 AUG 1996 Holdings:119
Original Price:209.51 Pricing:Forward
Top Holdings on 31 July 2017
Share (Sector)No.Value% of Fund
SASOL (Chemicals)379,340161,219,500 3.18 %
BATS (Tobacco)178,94683,979,358 1.66 %
NASPERS-N (Media)57,904167,474,002 3.30 %
DERIVATIV (Derivatives)0-5,436,985 -0.11 %
NEDBANK (Banks)573,687157,603,293 3.11 %
ACADIANGLOEQU (Equities)2,303,050330,760,550 6.52 %
R2035 (Bond)188,800,000175,280,170 3.46 %
ASPEN (Pharmaceuticals - Biotechnology)486,89065,642,510 1.29 %
KAP (General Industrials)11,617,17594,215,289 1.86 %
CASH (Cash on call)0313,057,224 6.17 %
ZPLP (Preference Shares)927,30461,202,064 1.21 %
U-OMGLBEM (International)8,367,32830,066,319 0.59 %
MTN GROUP (Mobile Telecommunications)1,192,690106,149,410 2.09 %
TOTAL R1,741,212,70434.33%

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