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Absa Africa Equity Feeder Fund  |  Regional–Equity–General
0.8943    -0.0106    (-1.171%)
NAV price (ZAR) Thu 22 Apr 2021 (change prev day)
<i><b>  Performance</b></i><hr/>This gauge shows the decile position of the fund against 19 Rand-denominated Regional--Equity--General funds over the last three years (needle right indicates above average performance)
<i><b>  Size</b></i><hr/>This gauge shows the size of the fund against all Rand-denominated retail funds (needle right indicates a large fund, needle left a small fund)
<i><b>  Diversification</b></i><hr/>This gauge shows the level of diversification relative to other funds in the same second-tier (equity) category (needle right indicates a well-diversified fund)
<i><b>  Risk</b></i><hr/>This gauge shows the fund's level of historical risk relative to other funds in the Regional--Equity--General sector based on 3-year volatility (needle right indicates lower risk within the sector)
Fund Performance
   3 Months 6 Months 1 Year 3 Years 5 Years
Period    Return %Growth of R1 000
* Not annualised
Key Facts and Fund Objective
Key Facts
Formation Date 14 Apr 2014
Fund Size (ZAR) 176 971 509
Latest Price 0.89
Total Expense Ratio (31/12) 2.41%
Minimum InvestmentR2 000
TTM Distribution Yield 2.60%
Fund Objective
The portfolio is a domestic feeder fund that will consist of exchange rate swaps, assets in liquid form and participatory interest of the Absa Africa Equity Fund (“Master Fund”) which is established under the Sanlam Universal Funds Plc. The Master Fund aims to provide long-term capital growth through exposure to African equity securities by investing in equity securities listed on recognised stock exchanges across the African continent as well as equities that may be listed and/or traded in recognised exchanges outside of Africa. Investment in securities listed in South Africa will be limited to 20% of the Net Asset Value of the Master Fund.
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Asset Classes and Holdings
 SA Equities0.00%  
 Foreign Equities99.54%  
 SA Bonds0.00%  
 Foreign Bonds0.00%  
 SA Property0.00%  
 Foreign Property0.00%  
 SA Cash0.46%  
 Foreign Cash0.00%  
Top Holdings as at 31 Mar 2021
SecurityUnitsValue (Rm)% of Fund
FOREIGNUT 10 860 895 181.7499.54%
CASH 842 439 0.850.46%
Totals  182.59100.00%
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AAECA22 Apr0.89-0.01-1.17%