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Manager's Commentary
Camissa SA Equity Fund  |  South African-Equity-SA General
1.4497    +0.0076    (+0.527%)
NAV price (ZAR) Wed 22 Oct 2025 (change prev day)


Asset Allocation: Quarterly Comparison
 
 
 

 

 

Change
Quarter Ended
Quarter Ended
RSA Equity
1.88% 
98.31% 
96.43% 
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
-0.18% 
1.32% 
1.50% 
Int Real Estate
0.00% 
0.00% 
0.00% 
RSA Cash
-1.70% 
0.37% 
2.07% 
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 Equity98.31%96.43%98.34%95.61%97.03%96.77%96.60%96.91%
Int Equity--------
Total Equity98.31%96.43%98.34%95.61%97.03%96.77%96.60%96.91%
RSA Bonds---0.56%0.80%0.87%0.76%0.98%
Int Bonds--------
Total Bonds---0.56%0.80%0.87%0.76%0.98%
RSA Real Estate1.32%1.50%1.65%1.57%1.70%1.83%1.71%1.68%
Int Real Estate--------
Total Real Estate1.32%1.50%1.65%1.57%1.70%1.83%1.71%1.68%
RSA Cash0.37%2.07%0.01%2.26%0.47%0.53%0.93%0.43%
Int Cash--------
Total Cash0.37%2.07%0.01%2.26%0.47%0.53%0.93%0.43%
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
VALTERRA0.40% 7.44% 7.04% 
DATATEC-0.20% 4.79% 4.99% 
MTN GROUP1.51% 6.63% 5.12% 
NASPERS-N2.92% 6.11% 3.20% 
OMNIA0.31% 4.48% 4.17% 
FAMBRANDS0.02% 3.97% 3.95% 
FIRSTRAND-0.91% 3.68% 4.59% 
EXXARO0.12% 3.84% 3.72% 
QUILTER-0.10% 3.83% 3.94% 
PROSUS-2.04% 9.42% 11.47% 
NORTHAM1.89% 8.66% 6.77% 
Sectoral Allocation: Quarterly Comparison
 
 
 

 

 

Change
Quarter Ended
Quarter Ended
Automobiles and Parts
-0.03% 
0.53% 
0.56% 
Banks
-1.43% 
8.61% 
10.04% 
Cash on call
-1.70% 
0.37% 
2.07% 
Chemicals
0.09% 
7.93% 
7.84% 
Closed End Investments
0.11% 
0.96% 
0.85% 
Construction and Materials
-0.02% 
2.11% 
2.13% 
Consumer Services
0.01% 
1.29% 
1.28% 
Food Producers
-0.17% 
1.90% 
2.07% 
General Industrials
-0.51% 
4.25% 
4.76% 
Industrial Metals and Mining
0.56% 
4.45% 
3.89% 
Industrial Support Services
0.19% 
0.52% 
0.33% 
Investment Banking and Brokerage Services
-1.11% 
7.93% 
9.04% 
Oil, Gas and Coal
0.12% 
3.84% 
3.72% 
Open End and Miscellaneous Investment Vehicles
0.00% 
0.00% 
0.00% 
Personal Care, Drug and Grocery Stores
0.25% 
0.77% 
0.52% 
Personal Goods
0.00% 
0.00% 
0.00% 
Pharmaceuticals and Biotechnology
0.00% 
0.00% 
0.00% 
Precious Metals and Mining
2.29% 
16.10% 
13.81% 
Preference Shares
0.05% 
0.27% 
0.22% 
Real Estate Investment Trusts
-0.19% 
1.32% 
1.51% 
Retailers
0.04% 
2.39% 
2.35% 
Software and Computer Services
0.64% 
21.80% 
21.16% 
Telecommunications Service Providers
1.51% 
6.63% 
5.12% 
Travel and Leisure
-0.20% 
6.05% 
6.25%