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0.46  /  0.46%


NAV on 2019/11/20
NAV on 2019/11/19 99.66
52 week high on 2019/04/18 106.49
52 week low on 2019/08/27 90.35
Total Expense Ratio on 2019/06/30 0.23
Total Expense Ratio (performance fee) on 2019/06/30 0
NAV Incl Dividends
1 month change 2.22% 2.22%
3 month change 6.65% 6.65%
6 month change -1.62% 1.06%
1 year change 5.36% 9.3%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Basic Materials 5.53 25.68%
Consumer Goods 2.03 9.45%
Consumer Services 3.32 15.41%
Financials 5.96 27.72%
Health Care 1.40 6.51%
Industrials 1.05 4.89%
Liquid Assets 0.18 0.81%
Telecommunications 2.05 9.53%
  • Top five holdings
 EXXARO 1.16 5.41%
 KUMBA 1.15 5.34%
 ARM 1.05 4.86%
 BATS 0.95 4.43%
 BHP 0.88 4.11%
  • Performance against peers
  • Fund data  
Management company:
Absa Fund Managers (RF) (Pty) Ltd.
Formation date:
ISIN code:
Short name:
South African--Equity--General
FTSE/JSE Dividend Plus Index
Contact details




  • Fund management  
St John Bunkell
St John has been with Absa Alternative Asset Management since September 2009; in this time he has been responsible for the strategic design and implementation of AAM's long only asset management business. He a portfolio manager on all equity funds and is integrally involved with the fixed income and balanced fund offerings. St John started his career in 1997 and has experience in risk management, structured solutions, asset management and hedge funds. He spend several years in London where he started Gensec UK structured products and worked in the pension fund environment. He has been largely responsible for the strategic alliance between AAM and the asset manager business of Barclays Capital (BCFS), having integrated Barclays Capital trading technology as well as being involved in several BCFS investments by South African Institutional clients. He is involved in the development and management of AAM's hedge fund offering.
Neels Pretorius

  • Fund manager's comment

Absa Dividend Plus comment - Jun 19

2019/09/16 00:00:00
SA equities, represented by the FTSE/ JSE Dividend Plus Index, rose by 2.08% in the the second quarter of 2019. The Rand strengthened by 2.86% against the U.S. Dollar for the period. The Fund has performed in line with the index as it mirrors the constituents of the index.
South African equity markets continued their positive momentum in the second quarter of 2019. The JSE Allshare TR index was up 3.92%, with the financial sector being the star performer returning just over 7% over the quarter. Stable inflation, a positive election result and a dovish bias on the repo rate was positives for the market. A fresh accounting scandal at Tongaat Hulett, weak economic growth, 5G spectrum and unemployment are major detractors of performance. SA reported a surprise 3.2% QoQ annualised decline in GDP in the first quarter, which is the biggest quarterly fall in economic activity since the first quarter of 2009.
Global markets had positive second quarter of 2019 despite renewed trade war tension in May. The MSCI Word Index was up 1.03% and the MSCI EM Index was down 2.14% over the quarter. South Africa was one of the best performing emerging markets during the quarter even though it lagged behind developed markets performance. Gold and the precious metals sub-sector gained ground due to global growth uncertainty.
The fund tracks the performance of the FTSE/JSE Dividend Plus Index containing 30 high dividend paying shares.
  • Fund focus and objective  
The portfolio's objective is to manage the securities held by the Absa Dividend Plus Index Fund to provide investors with exposure to high yielding stocks within the universe of the Top 40 (J200) and Mid Cap (J201) indices, through index tracking.

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