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Momentum Financials Fund | South African–Equity–Financial
5.4632    -0.0016    (-0.029%)
NAV price (ZAR) Tue 7 Dec 2021 (change prev day)
 
Technical Details  
 

Formation Date (A)

30 Jun 1998

Fund Size (ZAR)

390 383 268

Domicile

-

Reporting Currency

ZAR

JSE Code (A)

RMFS

ISIN (A)

ZAE000021044

Pricing

Daily

Number of unitholders

1

ASISA Category

SA-Equity-Financial

Benchmark

FTSE/JSE Financial index

Income Distributions

30/06,31/12

Income Payment

03/07,03/01

Trustee

Standard Bank of South Africa Limited

Management Company

Momentum Collective Investments Limited

Fund Management

Norman Mackechnie, Werner Burger

Minimum Investment

R5 000

Minimum Top-Up

-

Minimum Monthly

R500

Risk Rating

High

 
Fund Objective  
 
The Momentum Financials Fund objective is to maximise equity portfolio returns over the FTSE/JSE Financials Index over time. The fund offers investors the potential for long term capital growth through exposure to insurance and banking counter and other stocks with financial services exposure.
 
Management  
 
Werner Burger (BCom (Finance), BCom (Inv Mgt) (Hons), CFA)

Norman Mackechnie (BSc (Eng), MSc (Eng), DIC, MBA, CFA)
Norman started his career in investments in 1988 and has worked as an investment analyst and portfolio manager in asset management divisions. He has been actively involved in setting up investment processes and held the position of Chief Investment Officer in a previous company. Norman joined RMB Asset Management in 2000.
 
Fees and Costs - Class A  
 
Initial Fee0.00%
Advisor Initial Feen/a
Annual Management Fee1.44%
Performance Fee-
Advisor Annual Feen/a
Trailer Fee1.14%
Exit Fee-
TER (30/09)1.47%
TER Performance Fee0.00%
Transaction Costs Ratio0.27%
Total TER1.74%
 
Distribution - Class A
DeclaredPayAmountClassCurrency
30 Jun 20211 Jul 20215.955AZARc
31 Dec 20204 Jan 20210.000AZARc
30 Jun 20201 Jul 202012.178AZARc
31 Dec 20192 Jan 202014.853AZARc
30 Jun 20191 Jul 201913.307AZARc
31 Dec 20182 Jan 201914.578AZARc
30 Jun 20182 Jul 20189.080AZARc
31 Dec 20172 Jan 20189.968AZARc
30 Jun 20173 Jul 20178.801AZARc
31 Dec 20163 Jan 20178.927AZARc
 
Statutory Data  
 
Management CompanyMomentum Collective Investments Limited
Registration Number1987/004287/06
DirectorsG B Drake (Company secretary), FJC Truter, BJ van der Ross, F W van Zyl
TrusteeStandard Bank of South Africa Limited
AuditorsPricewaterhouseCoopers Inc
Sponsors-
Advisors-
Physical Address268 West Avenue Centurion South Africa 0157
Postal AddressPO Box 7400 Centurion South Africa 0046
Telephone0860-111-899 (Client Services)
Tollfree-
Fax012-675-3889
Emailci.Clientservice@momentum.co.za
Websitehttp://www.momentuminv.co.za
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