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100

NAV on 2019/05/20
NAV on 2019/05/17 100
52 week high on 2018/05/22 100
52 week low on 2018/05/22 100
Total Expense Ratio on 2019/03/31 0.59
Total Expense Ratio (performance fee) on 0
NAV Incl Dividends
1 month change 0% 0.45%
3 month change 0% 1.34%
6 month change 0% 2.72%
1 year change 0% 5.38%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Liquid Assets 1.00 100.00%
  • Top five holdings
  • Performance against peers
  • Fund data  
Management company:
Momentum Collective Investments Limited
Formation date:
2017/12/14
ISIN code:
ZAE000252730
Short name:
U-MOMONEY
Risk:
Unknown
Sector:
South African--Interest Bearing--Money Market
Benchmark:
STEFI +0.20% p.a. gross of fees
Contact details

Email
ci.Clientservice@momentum.co.za

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

Telephone
0860-111-899 (Client Services)



  • Fund manager's comment
No fund manager's comment available.
  • Fund focus and objective  
The investment objective of the Momentum Corporate Money Market Fund is to provide a medium whereby investors can obtain undivided participation in a diversified portfolio of money market instruments and assets in liquid form. The primary performance objective of the portfolio is to obtain as high a level of current income as is consistent with capital preservation and liquidity. Capital gains will be of an incidental nature.
Instruments to be included will be primarily those issued by Domestic South African Banks but the portfolio can also include government bonds and treasury bills as well as money market instruments issued by the domestic branches of foreign banks and interest rate swaps. The portfolio will not invest in conduits nor in non-bank corporates.
The portfolio will be managed in line with prudential investment guidelines for retirement funds in South Africa to the extent allowed for by the Act.
Nothing in this Supplemental Deed shall preclude the Manager from varying the ratios of securities or assets in liquid form in changing economic environment or market conditions, or to meet the requirements in terms of legislation and from retaining cash or placing cash on deposit in terms of the Deed and this Supplemental Deed.
The Trustee shall ensure that the investment policy set out in this Supplemental Deed is carried out.
For the purposes of this portfolio, the manager shall reserve the right to close the portfolio to new investors on a date determined by the manager. This will be done in order to manage the portfolio in accordance with its mandate. The manager may once a portfolio has been closed open that portfolio again to new investors on a date determined by the manager.
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