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Manager's Commentary
Camissa Protector Fund  |  South African-Multi Asset-Medium Equity
46.8105    +0.0350    (+0.075%)
NAV price (ZAR) Fri 12 Jun 2026 (change prev day)


Asset Allocation: Quarterly Comparison
 
 
 

 

 

Change
Quarter Ended
Quarter Ended
RSA Equity
1.01% 
27.96% 
26.95% 
Int Equity
-0.07% 
25.43% 
25.50% 
RSA Bonds
-3.22% 
34.75% 
37.97% 
Int Bonds
5.62% 
5.62% 
0.00% 
RSA Real Estate
-1.60% 
3.29% 
4.89% 
Int Real Estate
0.53% 
1.94% 
1.41% 
RSA Cash
-1.43% 
0.97% 
2.40% 
Int Cash
-0.84% 
0.04% 
0.88% 
Asset Allocation: Two Year Quarterly History
Asset Class1Q 20264Q 20253Q 20252Q 20251Q 20254Q 20243Q 20242Q 2024
RSA Equity27.96%26.95%27.67%31.93%31.50%32.13%33.60%31.12%
Int Equity25.43%25.50%23.99%26.53%25.84%25.12%24.41%23.21%
Total Equity53.39%52.45%51.66%58.46%57.34%57.25%58.01%54.33%
RSA Bonds34.75%37.97%33.59%32.53%24.65%26.15%24.62%26.76%
Int Bonds5.62%-2.71%-----
Total Bonds40.37%37.97%36.30%32.53%24.65%26.15%24.62%26.76%
RSA Real Estate3.29%4.89%4.83%4.85%5.16%5.31%5.01%4.81%
Int Real Estate1.94%1.41%2.13%1.88%1.08%1.00%0.90%1.11%
Total Real Estate5.23%6.30%6.96%6.73%6.24%6.31%5.91%5.92%
RSA Cash0.97%2.40%3.39%0.52%11.29%10.04%11.44%12.91%
Int Cash0.04%0.88%1.69%1.76%0.48%0.25%0.02%0.08%
Total Cash1.01%3.28%5.08%2.28%11.77%10.29%11.46%12.99%
Total100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%
RSA Total66.97%72.22%69.48%69.83%72.60%73.63%74.67%75.60%
Int Total33.03%27.78%30.52%30.17%27.40%26.37%25.33%24.40%
Top Holdings: Quarterly Comparison
 
 
 

 

 

Change
Quarter Ended
Quarter Ended
CASH-1.97% 0.39% 2.37% 
NASPERS-N1.79% 1.79% 0.00% 
BRAIT0.23% 1.76% 1.53% 
BONDS-3.41% 0.00% 3.41% 
PREFSHARES5.62% 5.62% 0.00% 
DIPULA B-1.55% 2.56% 4.12% 
Camissa Global Flexible-0.64% 16.70% 17.34% 
R20325.94% 29.75% 23.81% 
R2040-3.17% 1.40% 4.57% 
KAGLBLEQUITY1.10% 8.01% 6.91% 
PROSUS-0.14% 2.06% 2.19% 
Camissa Global Equity Feeder - B-0.12% 2.61% 2.73% 
BYTES0.63% 1.50% 0.88% 
R2042-3.15% 0.00% 3.15% 
Sectoral Allocation: Quarterly Comparison
 
 
 

 

 

Change
Quarter Ended
Quarter Ended
Automobiles and Parts
0.01% 
0.10% 
0.09% 
Banks
0.05% 
1.41% 
1.36% 
Beverages
0.07% 
0.66% 
0.59% 
Bond
2.83% 
34.00% 
31.17% 
Cash on call
-1.43% 
0.94% 
2.37% 
Chemicals
-0.16% 
1.43% 
1.59% 
Closed End Investments
-0.33% 
0.44% 
0.77% 
Construction and Materials
0.23% 
0.52% 
0.29% 
Consumer Services
0.01% 
0.04% 
0.03% 
Equities
1.10% 
8.01% 
6.91% 
Finance and Credit Services
-0.01% 
0.48% 
0.49% 
Flexible
-0.64% 
16.70% 
17.34% 
Food Producers
0.08% 
1.41% 
1.33% 
For Currency
-0.72% 
0.12% 
0.84% 
General Industrials
0.53% 
1.90% 
1.37% 
Industrial Materials
-0.02% 
0.06% 
0.08% 
Industrial Metals and Mining
-0.67% 
1.99% 
2.66% 
Industrial Support Services
0.02% 
0.20% 
0.18% 
International
-0.12% 
2.61% 
2.73% 
Investment Banking and Brokerage Services
0.41% 
3.38% 
2.97% 
Life Insurance
-0.03% 
0.41% 
0.44% 
Media
0.01% 
0.13% 
0.12% 
Non-life Insurance
-0.02% 
0.24% 
0.26% 
Oil, Gas and Coal
-0.42% 
0.73% 
1.15% 
Personal Care, Drug and Grocery Stores
0.05% 
0.11% 
0.06% 
Precious Metals and Mining
0.82% 
2.05% 
1.23% 
Preference Shares
0.08% 
0.31% 
0.23% 
Real Estate Investment and Services
-0.03% 
0.58% 
0.61% 
Real Estate Investment Trusts
-1.58% 
2.71% 
4.29% 
Retailers
-0.09% 
1.05% 
1.14% 
Software and Computer Services
0.24% 
5.16% 
4.92% 
Telecommunications Service Providers
-1.27% 
0.73% 
2.00% 
Travel and Leisure
0.00% 
1.40% 
1.40%