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Momentum Value Equity Fund Summary Fact Sheet
South African--Equity--General
 
Technical Overview
Formation Date: 6 Apr 2017
Holdings: n/a
Original Price: n/a
Pricing System: Forward
 
Price (A - Class)
 
Management
Loftie Botha, BEng (Ind); BCom (Hons); MCom (Bus Management)
Loftie started his career as an engineer and moved into asset management in 1994 as an industrial analyst with the Mines Pension Fund. He joined ABSA Asset Management in 1998 as an analyst and later managed the ABSA General Equity Fund. He later became a senior portfolio manager at Huysamer Capital Investments. In 2006, he joined Umbono Fund Managers, an OMIGSA boutique, as a quantitative fund manager before being promoted to CIO of the boutique. Loftie joined Metropolitan Asset Managers in Feb 2010 as
the head of absolute strategies and was appointed portfolio manager for Absolute Return Funds at Momentum Asset Management in 2011.
 
Imtiaz Mohammed Alli, BCompt (Unisa)
Imtiaz started at ABSA Consultants & Actuaries in Oct 1996 where he was responsible for the management/booking of national pension funds. He joined the Momentum Group in Jul 2000 as a dealing
supervisor and was also involved in the planning and management of fund mergers. Imtiaz joined Momentum Asset management in Jun 2004 as a pricing analyst. In Mar 2006 he became the assistant to the
portfolio manager and joined the investment team in Nov 2008 as a portfolio manager and research analyst.
 
Ranking
Sector: South African-Equity-General
Fund Size: R510 288 532 (as at 31 Mar 2020)
Sector Rank: 163 out of 175
(lump sum over 1 years to 30 Jun 2020)
Overall Rank: 1249 out of 1320
(lump sum over 1 years to 30 Jun 2020)
R1000 invested on 30 Jun 2019 was worth R805.63 on 30 Jun 2020 (-19.44% annual compound return)
R100 per month since 30 Jun 2019 was worth R1 105.77 on 30 Jun 2020 (-15.18% annual return compounded monthly)
 
Please note that domestic fund performance figures are calculated on a NAV-NAV basis including dividends reinvested on the reinvestment date, ETFs are reinvested on the ex-div date.
   
Focus and Objective
The Momentum Value Equity Fund's objective is to achieve high long term capital growth by applying a value based investment strategy to shares listed on the JSE though a smart beta investment methodology. Smart beta refers to an investment style where the manager captures market factors designed to take advantage of perceived systematic biases or inefficiencies in the market.

The Momentum Value Equity Fund is an equity only fund that uses a systematic investment process. The portfolio deliberately targets focused exposure to shares that trade for less than their intrinsic value. Factors considered amongst others are price to book ratio, dividend yield and earnings yield. The universe of listed shares is screened on these value parameters. A portfolio with strong value factors is constructed on this basis. The portfolio aims to capture the equity market returns enhanced by the value risk premium. The exposure to qualifying shares that have strong value qualities will be optimized to have the maximum probability of achieving the desired outcome over a full market cycle.

The portfolio's investment universe consists of South African equity and property securities, assets in liquid form and participatory interests and other forms of participation in local collective investment scheme portfolios. To provide high long term real returns the portfolio's equity exposure will be a minimum of 90% the portfolio's net asset value. The portfolio will have no foreign exposure.

The portfolio may from time to time invest in listed and unlisted financial instruments, in accordance with the provisions of the Act and applicable legislation as amended from time to time, in order to achieve the portfolio's investment objective.

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 bene closed open that portfolio again to new investors on a date determined by the manager.
 
Latest Fund Manager Comment / News
The Momentum Value Equity Fund's objective is to achieve high long term capital growth by  ...more
 
News Archive
Click here for complete news archive for this fund.
 
Top Holdings on 31 Mar 2020
Share No Units Value (Rm) % of Fund
NASPERS-N 23 421 59.99 11.76%
ANGLO 91 245 28.56 5.60%
BATS 42 411 25.89 5.07%
BHP 93 243 25.23 4.95%
STANBANK 237 444 24.37 4.78%
Totals   164.04 32.15%
 
Comparative Performance
 
Portfolio Structure as at 31 Mar 2020
Click here for complete portfolio for this fund.
 
Dividend Data
Click here for Dividend History for this fund.
 
Fees and Charges
Click here for fees and charges for this fund.
 
Sectoral Information
Click here for Sectoral Information for this fund.
 


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