Morningstar

Momentum Bond B1 RBB1

Morningstar Medalist Rating
Medalist Rating as of | See Momentum Investment Hub
  • NAV / 1-Day Return 1.55  /  −0.18 %
  • Total Assets 277.5 Mil
  • Adj. Expense Ratio
    —
  • Expense Ratio —
  • Distribution Fee Level —
  • Share Class Type —
  • Category ZAR/NAD Diversified Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 6.95%
  • Effective Duration —

ZAR | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 3:57 PM GMT+0

Morningstar’s Analysis RBB1

Will RBB1 outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable RBB1’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the RBB1 management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of RBB1’s parent organization’s priorities and whether they’re in line with investors’ interests.

Momentum Bond B1's Average Process and People Pillar ratings are n't enough to prevent other weaknesses from sending this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings RBB1

More RBB1 Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 91.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

REPUBLIC OF SOUTH AFRICA 28/02/35 8.875%

29.98 2.0 Bil
Government

REPUBLIC OF SOUTH AFRICA 31/01/40 9%

15.92 1.0 Bil
Government

REPUBLIC OF SOUTH AFRICA 31/01/37 8.5%

12.91 851.6 Mil
Government

REPUBLIC OF SOUTH AFRICA 31/03/32 8.25%

10.90 719.1 Mil
Government

REPUBLIC OF SOUTH AFRICA 31/01/45 8.75%

9.37 618.1 Mil
Government

REPUBLIC OF SOUTH AFRICA 31/01/30 8%

3.53 232.8 Mil
Government

ESKOM HOLDINGS SOC LTD 02/04/26 7.85%

3.19 210.3 Mil
Corporate

REPUBLIC OF SOUTH AFRICA 28/02/49 8.75%

2.16 142.2 Mil
Government

ESKOM HOLDINGS SOC LTD 15/09/33 7.5%

1.76 115.8 Mil
Corporate

REPUBLIC OF SOUTH AFRICA 31/03/36 6.25%

1.74 114.8 Mil
Government

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