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Manager's Commentary
Camissa Top 40 Tracker Fund  |  South African-Equity-Large Cap
126.6119    +0.7918    (+0.629%)
NAV price (ZAR) Fri 12 Sep 2025 (change prev day)


Asset Allocation: Quarterly Comparison
 
 
 

 

 

Change
Quarter Ended
Quarter Ended
RSA Equity
-2.20% 
94.89% 
97.09% 
Int Equity
0.00% 
0.00% 
0.00% 
RSA Bonds
0.00% 
0.00% 
0.00% 
Int Bonds
0.00% 
0.00% 
0.00% 
RSA Real Estate
-0.17% 
1.98% 
2.15% 
Int Real Estate
0.00% 
0.00% 
0.00% 
RSA Cash
2.37% 
3.13% 
0.76% 
Int Cash
0.00% 
0.00% 
0.00% 
Asset Allocation: Two Year Quarterly History
Asset Class2Q 20251Q 20254Q 20243Q 20242Q 20241Q 20244Q 20233Q 2023
RSA Equity94.89%97.09%92.29%89.78%93.64%93.95%94.50%92.15%
Int Equity--------
Total Equity94.89%97.09%92.29%89.78%93.64%93.95%94.50%92.15%
RSA Bonds--------
Int Bonds--------
Total Bonds--------
RSA Real Estate1.98%2.15%2.27%2.15%2.12%2.19%1.80%1.54%
Int Real Estate--------
Total Real Estate1.98%2.15%2.27%2.15%2.12%2.19%1.80%1.54%
RSA Cash3.13%0.76%5.44%8.07%4.24%3.86%3.70%6.31%
Int Cash--------
Total Cash3.13%0.76%5.44%8.07%4.24%3.86%3.70%6.31%
Total100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%
RSA Total100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%
Int Total--------
Top Holdings: Quarterly Comparison
 
 
 

 

 

Change
Quarter Ended
Quarter Ended
CASH2.13% 2.84% 0.72% 
MTN GROUP0.13% 4.03% 3.90% 
NASPERS-N0.62% 13.83% 13.21% 
STANBANK-0.82% 4.73% 5.55% 
ANGGOLD0.35% 4.49% 4.14% 
FIRSTRAND-0.27% 6.11% 6.37% 
GFIELDS-0.45% 5.81% 6.27% 
ANGLO-0.72% 2.69% 3.42% 
CAPITEC0.21% 4.84% 4.63% 
BATS-0.21% 2.80% 3.01% 
PROSUS0.01% 4.42% 4.41% 
Sectoral Allocation: Quarterly Comparison
 
 
 

 

 

Change
Quarter Ended
Quarter Ended
Banks
-1.39% 
21.02% 
22.41% 
Beverages
0.08% 
1.78% 
1.70% 
Cash on call
2.39% 
3.15% 
0.76% 
Chemicals
-0.05% 
0.73% 
0.78% 
General Industrials
-0.18% 
2.12% 
2.30% 
Industrial Metals and Mining
-0.93% 
3.77% 
4.70% 
Investment Banking and Brokerage Services
0.02% 
2.45% 
2.43% 
Life Insurance
-0.10% 
5.08% 
5.18% 
Non-life Insurance
0.03% 
1.06% 
1.03% 
Personal Care, Drug and Grocery Stores
-0.30% 
5.96% 
6.26% 
Personal Goods
-0.28% 
2.52% 
2.80% 
Pharmaceuticals and Biotechnology
-0.38% 
0.73% 
1.11% 
Precious Metals and Mining
0.50% 
17.43% 
16.93% 
Real Estate Investment and Services
-0.11% 
1.27% 
1.38% 
Real Estate Investment Trusts
-0.04% 
0.72% 
0.76% 
Retailers
-0.19% 
2.77% 
2.96% 
Software and Computer Services
0.63% 
18.25% 
17.62% 
Telecommunications Service Providers
0.11% 
5.32% 
5.21% 
Tobacco
-0.21% 
2.80% 
3.01%