Momentum Income Plus Fund (A) - RICA - Click a Unit Trust

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0.01 / 0.01%

1.1100

NAV (ZAR) on 2024/09/13

NAV (ZAR) on 2024/09/12	1.1099
52 week high on 2023/09/28	1.1196
52 week low on 2024/07/01	1.0883
Total Expense Ratio on 2024/06/30	1.18
Total Expense Ratio (performance fee) on	0

	NAV	Incl Dividends
1 month change	0.9%	0.9%
3 month change	-0.01%	2.54%
6 month change	-0.11%	4.93%
1 year change	-0.52%	9.82%
5 year change	-0.15%	7.62%
10 year change	0.13%	8.3%
Price data is updated once a day. Unit trust and ETF performances for periods greater than 12 months are annualised.

COMPARE INSTRUMENTS

Here is a list of JSE shares held in this Unit Trust. These tables reflect changes in holdings over two quarters, but do not show where a fund has completely sold a holding during the latest quarter.

Momentum Income Plus Fund

Fund managed by Momentum Collective Investments Limited

Momentum Income Plus Fund (A) - RICA

Holdings	Jun 2024		Mar 2024		Unit change	Value change (R'000s)	% of Fund	manco	link	code
Holdings	# Units	Value (R'000s)	# Units	Value (R'000s)	Unit change	Value change (R'000s)	% of Fund	manco	link	code
Absa Bank Ltd.	0	0.000	33,423	256,688.640	-33,423	-256,688.640	0.0000		Absa Bank Ltd. - JSE:ABSP	ABSP
Discovery Ltd.	392,071	376,348.950	396,859	392,890.410	-4,788	-16,541.460	0.3656		Discovery Ltd. - JSE:DSBP	DSBP
Total

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The Momentum Income Plus Fund aims to maximize yield with the flexibility to invest in a diverse range of securities. The dominant strategy is exposure to credit including structured credit assets. Duration risk is low and low volatility of returns can be expected barring credit defaults or substantial widening in credit spreads Its low correlation to other asset classes makes it an excellent building block for other funds.
The fund holds offshore credit but currency hedges offset the impact of currency volatility.