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Merchant West SCI Cautious Fund  |  South African-Multi Asset-Low Equity
Reg Compliant
2.8323    +0.0079    (+0.280%)
NAV price (ZAR) Tue 28 Oct 2025 (change prev day)


Asset Allocation: Quarterly Comparison
 
 
 

 

 

Change
Quarter Ended
Quarter Ended
RSA Equity
0.53% 
18.36% 
17.83% 
Int Equity
-0.39% 
24.32% 
24.70% 
RSA Bonds
-1.31% 
45.67% 
46.98% 
Int Bonds
-0.04% 
1.95% 
1.99% 
RSA Real Estate
0.09% 
5.57% 
5.48% 
Int Real Estate
0.22% 
2.40% 
2.18% 
RSA Cash
-0.48% 
0.09% 
0.57% 
Int Cash
1.39% 
1.65% 
0.26% 
Asset Allocation: Two Year Quarterly History
Asset Class3Q 20252Q 20251Q 20254Q 20243Q 20242Q 20241Q 20244Q 2023
RSA Equity18.36%17.83%13.81%14.03%15.66%14.83%13.89%14.72%
Int Equity24.32%24.70%24.77%24.47%23.38%23.73%25.15%24.45%
Total Equity42.68%42.54%38.58%38.50%39.04%38.56%39.04%39.18%
RSA Bonds45.67%46.98%47.10%47.98%50.13%49.05%46.01%47.54%
Int Bonds1.95%1.99%----1.47%1.42%
Total Bonds47.62%48.97%47.10%47.98%50.13%49.05%47.48%48.96%
RSA Real Estate5.57%5.48%6.94%7.06%7.13%5.69%5.30%5.45%
Int Real Estate2.40%2.18%2.96%3.07%3.16%2.87%2.85%2.96%
Total Real Estate7.97%7.66%9.90%10.13%10.30%8.56%8.14%8.41%
RSA Cash0.09%0.57%3.29%3.01%-0.57%1.52%0.75%
Int Cash1.65%0.26%1.12%0.38%0.53%3.26%3.82%2.71%
Total Cash1.74%0.83%4.41%3.39%0.53%3.83%5.33%3.46%
Total100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%
RSA Total69.69%70.86%71.14%72.08%72.92%70.14%66.71%68.46%
Int Total30.31%29.14%28.86%27.92%27.08%29.86%33.29%31.54%
Top Holdings: Quarterly Comparison
 
 
 

 

 

Change
Quarter Ended
Quarter Ended
NASPERS-N0.27% 2.76% 2.50% 
FOREIGNBO-0.04% 1.95% 1.99% 
ANGGOLD0.69% 2.21% 1.52% 
R2020.15% 7.54% 7.38% 
R213-0.04% 2.58% 2.62% 
I20380.04% 5.86% 5.82% 
R2030-1.50% 3.43% 4.93% 
R2032-0.04% 2.66% 2.70% 
R20350.00% 7.35% 7.35% 
R20400.05% 12.57% 12.53% 
Merchant West Global Equity - B-1.06% 19.61% 20.67% 
Sectoral Allocation: Quarterly Comparison
 
 
 

 

 

Change
Quarter Ended
Quarter Ended
Banks
-0.13% 
2.87% 
3.00% 
Bond
-1.31% 
45.66% 
46.97% 
Cash on call
-0.48% 
0.09% 
0.57% 
Consumer Services
-0.02% 
0.24% 
0.26% 
Cyclical Goods & Services
0.22% 
0.97% 
0.75% 
Energy
0.00% 
0.63% 
0.63% 
Equities
0.03% 
0.39% 
0.36% 
Exchange Traded Funds
0.18% 
1.98% 
1.80% 
Food Producers
0.01% 
0.55% 
0.54% 
For Currency
1.20% 
1.30% 
0.10% 
Foreign Invest
-0.04% 
1.95% 
1.99% 
Foreign Property
0.20% 
2.39% 
2.19% 
General Industrials
-0.10% 
0.52% 
0.62% 
Health Care Providers
0.00% 
0.24% 
0.24% 
Industrial Metals and Mining
0.03% 
1.47% 
1.44% 
Industrial Support Services
-0.05% 
0.34% 
0.39% 
Life Insurance
-0.15% 
0.37% 
0.52% 
Money Market
0.00% 
0.01% 
0.01% 
Non-life Insurance
-0.21% 
0.47% 
0.68% 
Offshore Intern
-1.06% 
19.61% 
20.67% 
Oil, Gas and Coal
0.00% 
0.35% 
0.35% 
Personal Care, Drug and Grocery Stores
-0.05% 
0.36% 
0.41% 
Precious Metals and Mining
1.08% 
3.69% 
2.61% 
Real Estate Investment Trusts
0.09% 
5.57% 
5.48% 
Retail
-0.03% 
0.38% 
0.41% 
Retailers
-0.10% 
0.63% 
0.73% 
Software and Computer Services
0.26% 
2.76% 
2.50% 
Technology
-0.13% 
1.92% 
2.05% 
Tobacco
-0.25% 
1.02% 
1.27%