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  •  Old Mutual Multi-Managers Enhanced Income Fund of Funds (A)
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-0.11  /  -0.04%

260.92

NAV on 2019/03/20
NAV on 2019/03/19 261.03
52 week high on 2019/03/19 261.03
52 week low on 2019/01/02 255.73
Total Expense Ratio on 2018/12/31 1.2
Total Expense Ratio (performance fee) on 2018/12/31 0
NAV Incl Dividends
1 month change 0.61% 0.61%
3 month change 0.52% 2.35%
6 month change 0.27% 3.97%
1 year change 0.95% 7.26%
5 year change 1.24% 7.43%
10 year change 1.38% 7.61%
Price data is updated once a day.
  • Sectoral allocations
Fixed Interest 403.64 97.08%
Liquid Assets 12.15 2.92%
  • Top five holdings
U-SYMINC1 202.30 48.65%
U-SYMINC1 201.35 48.42%
  • Performance against peers
  • Fund data  
Management company:
Old Mutual Unit Trust Managers (RF) (Pty) Ltd.
Formation date:
2001/06/01
ISIN code:
ZAE000036497
Short name:
U-SYMFIXT
Risk:
Unknown
Sector:
South African--Multi Asset--Income
Benchmark:
STeFI Composite Index
Contact details

Email
unittrusts@oldmutual.com

Website
http://www.omut.co.za

Telephone
021-503-7100

  • Fund management  
Coronation Fund Managers
Coronation has in recent years been building a highly competent fixed-interest team. The above average returns are confirmation of the core team's ability to deliver superior performance. Very effective modeling of economic fundamentals and investment strategies is a significant part of their investment decision-making.
Mark le Roux and Tania Miglietta are the portfolio managers and will manage the Multi-Managers Fund of Funds assets in a similar way to which they manage the Coronation Strategic Income Fund. Hence the returns are expected to be similar. The opportunity set for this fund includes property investments and the fund will show exposure to the property sector when the managers sees fit to do so.
Prudential Investment Managers



  • Fund manager's comment

Old Mutual MM Enhanced Income FoF - May 17

2017/07/14 00:00:00
The Fund is predominantly exposed to floating rate notes and enhanced money market instruments. Credit risk exposure is primarily investment grade. Coronation's fund is skewed mostly to floating rate instruments whilst that of Prudential leans to enhanced money market instruments. The yield on the Prudential fund is about 8.7% and for the Coronation fund 6.03%. Thus, the approximate Fund yield is around 7.3%. The total Fund duration is close to 0.82.
  • Fund focus and objective  
This is a multi-managed domestic enhanced income fund. It is primarily aimed at investors seeking high levels of income with a possibility of capital appreciation over the long term. The Fund aims to produce returns superior to those of domestic income unit trust funds in the medium to long term. In order to achieve this the investment mandate allows investment managers to invest in the entire spectrum of interest-bearing securities and listed property, etc.
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