Momentum Industrial Fund
MANAGEMENT Fund Manager's Comment
Norman Mackechnie, BSc (Eng), MSc (Eng), DIC, MBA, CFA
Norman started his career in investments in 1988 and has worked as an investment analyst and portfolio manager in asset management divisions. He has been actively involved in setting up investment processes and held the position of Chief Investment Officer in a previous company. Norman joined RMB Asset Management in 2000.
Werner Burger, BCom (Finance), BCom (Inv Mgt) (Hons), CFA

The fund's objective is to maximise equity portfolio returns over the FTSE/JSE Industrial index. The performance of the fund relative to this index is a function of the weightings given to individual securities within this sector.

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SectorSouth African-Equity-Industrial
Sector Rank: 5 out of 6
(lump sum over 3 years to 31 July 2019)
Overall Rank: 984 out of 1038
(lump sum over 3 years to 31 July 2019)
R1000 invested on 31 July 2016 was worth R 906 at 31 July 2019
( -3.23% annual compound return)
R100 per month since 31 July 2016 was worth R 3430 at 31 July 2019
( -3.15% annual return compounded monthly)
Formation Date:01 JUL 1998 Holdings:46
Original Price:100 Pricing:Forward
Top Holdings on 31 July 2019
Share (Sector)No.Value% of Fund
SAPPI (Forestry - Paper)9,015600,850 1.11 %
BATS (Tobacco)7,8334,758,805 8.75 %
BIDCORP (Food - Drug Retailers)7,1022,116,396 3.89 %
TRANSCAP (General Financial)32,262574,264 1.06 %
U-RMBMM (Money Market)5,445,5505,485,280 10.09 %
ADCOCK (Pharmaceuticals - Biotechnology)17,9251,102,388 2.03 %
KAP (General Industrials)143,9171,011,737 1.86 %
CASH (Cash on call)0-97,972 -0.18 %
NASPERS-N (Software - Computer Services)5,22117,397,103 32.00 %
MTN GROUP (Mobile Telecommunications)22,4292,060,552 3.79 %
TOTAL R35,009,40364.4%

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