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Merchant West SCI Cautious Fund  |  South African-Multi Asset-Low Equity
Reg Compliant
2.5754    +0.0191    (+0.747%)
NAV price (ZAR) Fri 25 Apr 2025 (change prev day)


Asset Allocation: Quarterly Comparison
 
 
 

 

 

Change
Quarter Ended
Quarter Ended
RSA Equity
-0.22% 
13.81% 
14.03% 
Int Equity
0.30% 
24.77% 
24.47% 
RSA Bonds
-0.87% 
47.10% 
47.98% 
Int Bonds
0.00% 
0.00% 
0.00% 
RSA Real Estate
-0.12% 
6.94% 
7.06% 
Int Real Estate
-0.11% 
2.96% 
3.07% 
RSA Cash
0.28% 
3.29% 
3.01% 
Int Cash
0.74% 
1.12% 
0.38% 
Asset Allocation: Two Year Quarterly History
Asset Class1Q 20254Q 20243Q 20242Q 20241Q 20244Q 20233Q 20232Q 2023
RSA Equity13.81%14.03%15.66%14.83%13.89%14.72%15.90%16.39%
Int Equity24.77%24.47%23.38%23.73%25.15%24.45%22.13%24.00%
Total Equity38.58%38.50%39.04%38.56%39.04%39.18%38.03%40.39%
RSA Bonds47.10%47.98%50.13%49.05%46.01%47.54%51.28%49.91%
Int Bonds----1.47%1.42%1.48%1.38%
Total Bonds47.10%47.98%50.13%49.05%47.48%48.96%52.76%51.29%
RSA Real Estate6.94%7.06%7.13%5.69%5.30%5.45%5.14%4.78%
Int Real Estate2.96%3.07%3.16%2.87%2.85%2.96%0.59%0.71%
Total Real Estate9.90%10.13%10.30%8.56%8.14%8.41%5.73%5.49%
RSA Cash3.29%3.01%-0.57%1.52%0.75%0.93%1.84%
Int Cash1.12%0.38%0.53%3.26%3.82%2.71%2.55%1.00%
Total Cash4.41%3.39%0.53%3.83%5.33%3.46%3.48%2.83%
Total100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%
RSA Total71.14%72.08%72.92%70.14%66.71%68.46%73.25%72.92%
Int Total28.86%27.92%27.08%29.86%33.29%31.54%26.75%27.08%
Top Holdings: Quarterly Comparison
 
 
 

 

 

Change
Quarter Ended
Quarter Ended
R2020.11% 5.92% 5.81% 
ABSABANK-P-0.12% 2.54% 2.66% 
R213-0.02% 2.63% 2.65% 
I2038-0.03% 6.08% 6.12% 
R2030-0.05% 5.71% 5.76% 
R2032-0.04% 2.70% 2.75% 
R2035-0.21% 7.30% 7.50% 
R2040-0.47% 10.50% 10.98% 
Merchant West Global Equity - B0.22% 21.06% 20.84% 
SPEARREIT0.07% 2.77% 2.70% 
Sectoral Allocation: Quarterly Comparison
 
 
 

 

 

Change
Quarter Ended
Quarter Ended
Banks
-0.07% 
2.61% 
2.68% 
Bond
-0.77% 
44.20% 
44.97% 
Cash on call
0.22% 
1.39% 
1.17% 
Cyclical Goods & Services
-0.14% 
0.54% 
0.68% 
Energy
0.07% 
0.75% 
0.68% 
Financial Services
-0.04% 
0.87% 
0.91% 
Food Producers
-0.10% 
0.46% 
0.56% 
For Currency
0.44% 
0.47% 
0.03% 
Foreign Property
-0.12% 
2.95% 
3.07% 
General Industrials
-0.03% 
0.54% 
0.57% 
Health Care Providers
-0.03% 
0.24% 
0.27% 
Industrial Metals and Mining
-0.23% 
1.75% 
1.98% 
Industrial Support Services
-0.05% 
0.17% 
0.22% 
Life Insurance
0.02% 
0.51% 
0.49% 
Money Market
-0.30% 
1.90% 
2.20% 
Non-life Insurance
0.04% 
0.64% 
0.60% 
Offshore Intern
0.22% 
21.06% 
20.84% 
Oil, Gas and Coal
-0.17% 
0.45% 
0.62% 
Precious Metals and Mining
0.88% 
2.40% 
1.52% 
Preference Shares
-0.12% 
2.54% 
2.66% 
Real Estate Investment Trusts
-0.12% 
6.94% 
7.06% 
Retailers
-0.27% 
0.75% 
1.02% 
Software and Computer Services
0.20% 
2.17% 
1.97% 
Technology
0.03% 
1.75% 
1.72% 
Tobacco
0.12% 
1.12% 
1.00%