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Momentum Mid and Small Cap Index Fund | South African–Equity–Mid and Small Cap
1.4384    -0.0459    (-3.094%)
NAV price (ZAR) Tue 21 Sep 2021 (change prev day)
Technical Details  

Formation Date (A)

2 Oct 2017

Fund Size (ZAR)

42 213


South Africa

Reporting Currency


JSE Code (A)






Number of unitholders


ASISA Category

SA-Equity-Mid and Small Cap



Income Distributions


Income Payment



Standard Bank of South Africa Limited

Management Company

Momentum Collective Investments Limited

Fund Management

Imtiaz Mohammed Alli, Loftie Botha, Norman Mackechnie, Werner Burger

Minimum Investment


Minimum Top-Up


Minimum Monthly

no minimum

Risk Rating


Fund Objective  
The Fund invests in small and mid-cap stocks listed predominately on the JSE. Equity will comprise a minimum of 80% of the portfolio. Offshore allocations of up to 25% and 5% in Africa provide further return opportunities and diversification benefits. The fund is not benchmark cognisant and its composition can differ substantially from other equity funds and market indices given it's contrarian approach and emphasis on absolute value.
Imtiaz Mohammed Alli (BCompt (Unisa))
Imtiaz started at ABSA Consultants & Actuaries in Oct 1996 where he was responsible for the management/booking of national pension funds. He joined the Momentum Group in Jul 2000 as a dealing supervisor and was also involved in the planning and management of fund mergers. Imtiaz joined Momentum Asset management in Jun 2004 as a pricing analyst. In Mar 2006 he became the assistant to the portfolio manager and joined the investment team in Nov 2008 as a portfolio manager and research analyst.

Loftie Botha (BEng (Ind); BCom (Hons); MCom (Bus Management))
Loftie started his career as an engineer and moved into asset management in 1994 as an industrial analyst with the Mines Pension Fund. He joined ABSA Asset Management in 1998 as an analyst and later managed the ABSA General Equity Fund. He later became a senior portfolio manager at Huysamer Capital Investments. In 2006, he joined Umbono Fund Managers, an OMIGSA boutique, as a quantitative fund manager before being promoted to CIO of the boutique. Loftie joined Metropolitan Asset Managers in Feb 2010 as the head of absolute strategies and was appointed portfolio manager for Absolute Return Funds at Momentum Asset Management in 2011.

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 Fee0.46%
Performance Fee-
Advisor Annual Feen/a
Trailer Fee-
Exit Fee-
TER (30/06)0.58%
TER Performance Fee0.00%
Transaction Costs Ratio0.33%
Total TER0.91%
Distribution - Class A
30 Jun 20211 Jul 20210.817AZARc
31 Mar 20211 Apr 20212.246AZARc
31 Dec 20204 Jan 20210.472AZARc
30 Sep 20201 Oct 20200.273AZARc
30 Jun 20201 Jul 20201.446AZARc
31 Mar 20201 Apr 20200.904AZARc
31 Dec 20192 Jan 20201.023AZARc
30 Sep 20191 Oct 20191.000AZARc
30 Jun 20191 Jul 20190.972AZARc
31 Mar 20191 Apr 20190.916AZARc
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
Physical Address268 West Avenue Centurion South Africa 0157
Postal AddressPO Box 7400 Centurion South Africa 0046
Telephone0860-111-899 (Client Services)
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