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Old Mutual Interest Plus Fund Summary Fact Sheet
South African--Interest Bearing--Short Term

 
Technical Overview
Formation Date: 3 Oct 2011
Holdings: n/a
Original Price: n/a
Pricing System: Forward
 
Price (A - Class)
 
Management
Michael van Rensburg, BCom
Michael started his career on the Money Market desk of the Department of Post and Telecommunications. As a Money Market Manager his primary functions were the daily management of cash flows and the investment of surplus funds. He was also responsible for the start-up of the Commercial Paper Bill program and the successful implementation of the counterparty credit limits. After three years on the Money Market desk he moved to the Capital Market as a market maker for Telkom long-term debt. He subsequently joined ABSA where he worked as a market maker for their Treasury Division. Prior to joining Old Mutual Asset Managers, Michael worked for Sanlam Asset Managers as head of Fixed Income Trading.
Michael currently heads up Old Mutual Asset Manager's Fixed Income Trading desk. In addition, he also manages the Old Mutual Money Market Fund, the Namibia Money Fund as well as a number of aggressive bond funds.
 
Ranking
Sector: South African-Interest Bearing-Short Term
Fund Size: R2 902 481 062 (as at 30 Sep 2019)
Sector Rank: 30 out of 31
(lump sum over 1 years to 30 Nov 2019)
Overall Rank: 657 out of 929
(lump sum over 1 years to 30 Nov 2019)
R1000 invested on 30 Nov 2018 was worth R1 075.47 on 30 Nov 2019 (7.55% annual compound return)
R100 per month since 30 Nov 2018 was worth R1 248.24 on 30 Nov 2019 (7.26% 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 Old Mutual Interest Plus Fund shall be a portfolio predominantly investing in interest yielding securities.The investment objective of the portfolio is to maximise the level of income achieved within the restrictions set out in the investment policy, whilst providing maximum capital stability. The portfolio will aim to deliver returns in excess of money market yields and current account yields. In order to achieve the portfolio's investment objectives, the Old Mutual Interest Plus Fund will, apart from limited exposure to equity securities, be permitted to invest in a flexible mix of predominantly interest yielding securities, including but not limited to bonds, fixed deposits, listed debentures, preference shares, money market instruments such as negotiable certificates of deposit, bankers' acceptances, debentures, treasury bills, floating rate notes and call accounts, and other high yielding securities, as well as any other income instruments which may be approved by the Registrar from time to time, both locally and abroad, thereby generating income, whilst preserving capital. In respect of the flexible nature of this portfolio, the portfolio may apart from limited exposure to equity be fully invested in any of the above-mentioned asset classes at any particular time. Nothing contained in this supplemental deed shall preclude the manager from varying the ratios of securities to best position the portfolio to achieve its objective in a changing economic environment or market conditions or to meet the requirements, if applicable, of any exchange recognised in terms of the Act and from retaining cash or placing cash on deposit in terms of the deed and any supplemental deeds thereto.The portfolio will be permitted to invest its assets in foreign investment markets to the extent of the industry limit from time to time for Domestic funds, including securities listed on an exchange outside the Republic as legislation permits.The Portfolio may from time to time include participatory interests or any other form of participation in portfolios of collective investment schemes or other similar schemes registered in the Republic of South Africa, or of participatory interests or any other form of participation in portfolios of collective investment schemes or other similar schemes operated in territories other than South Africa, with a regulatory environment which is to the satisfaction of the manager and the trustee of a sufficient standard to provide investors protection at least equivalent to that in South Africa. The portfolio may invest in financial instruments (derivatives) as allowed by the Act from time to time in order to achieve its investment objective. The use of over the counter derivatives will be limited to forward currency contracts and interest rate- or exchange rate swap transactions.For the purpose 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 be able 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. The trustee shall ensure that the investment policy set out in this supplemental deed is carried out.
 
Latest Fund Manager Comment / News
Old Mutual Interest Plus comment - Sep 19
The domestic market began the quarter on a positive note following the more stable  ...more
 
News Archive
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Top Holdings on 30 Sep 2019
Share No Units Value (Rm) % of Fund
Totals   0.00 0.00%
 
Comparative Performance
 
Portfolio Structure as at 30 Sep 2019
Click here for complete portfolio for this fund.
 
Dividend Data
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Fees and Charges
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Sectoral Information
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