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Merchant West SCI Cautious Fund  |  South African-Multi Asset-Low Equity
Reg Compliant
2.5356    -0.0055    (-0.216%)
NAV price (ZAR) Thu 17 Apr 2025 (change prev day)


Asset Allocation: Quarterly Comparison
 
 
 

 

 

Change
Quarter Ended
Quarter Ended
RSA Equity
-1.63% 
14.03% 
15.66% 
Int Equity
1.09% 
24.47% 
23.38% 
RSA Bonds
-2.15% 
47.98% 
50.13% 
Int Bonds
0.00% 
0.00% 
0.00% 
RSA Real Estate
-0.07% 
7.06% 
7.13% 
Int Real Estate
-0.09% 
3.07% 
3.16% 
RSA Cash
3.01% 
3.01% 
0.00% 
Int Cash
-0.15% 
0.38% 
0.53% 
Asset Allocation: Two Year Quarterly History
Asset Class4Q 20243Q 20242Q 20241Q 20244Q 20233Q 20232Q 20231Q 2023
RSA Equity14.03%15.66%14.83%13.89%14.72%15.90%16.39%16.99%
Int Equity24.47%23.38%23.73%25.15%24.45%22.13%24.00%18.69%
Total Equity38.50%39.04%38.56%39.04%39.18%38.03%40.39%35.68%
RSA Bonds47.98%50.13%49.05%46.01%47.54%51.28%49.91%52.43%
Int Bonds---1.47%1.42%1.48%1.38%1.42%
Total Bonds47.98%50.13%49.05%47.48%48.96%52.76%51.29%53.85%
RSA Real Estate7.06%7.13%5.69%5.30%5.45%5.14%4.78%4.29%
Int Real Estate3.07%3.16%2.87%2.85%2.96%0.59%0.71%1.00%
Total Real Estate10.13%10.30%8.56%8.14%8.41%5.73%5.49%5.29%
RSA Cash3.01%-0.57%1.52%0.75%0.93%1.84%2.25%
Int Cash0.38%0.53%3.26%3.82%2.71%2.55%1.00%2.93%
Total Cash3.39%0.53%3.83%5.33%3.46%3.48%2.83%5.19%
Total100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%
RSA Total72.08%72.92%70.14%66.71%68.46%73.25%72.92%75.96%
Int Total27.92%27.08%29.86%33.29%31.54%26.75%27.08%24.04%
Top Holdings: Quarterly Comparison
 
 
 

 

 

Change
Quarter Ended
Quarter Ended
R202-2.12% 5.81% 7.93% 
ABSABANK-P0.07% 2.66% 2.59% 
R213-0.02% 2.65% 2.66% 
I2038-0.04% 6.12% 6.15% 
R2030-0.02% 5.76% 5.78% 
R2032-0.02% 2.75% 2.77% 
R2035-0.06% 7.50% 7.57% 
R2040-0.19% 10.98% 11.16% 
Merchant West Global Equity - B1.08% 20.84% 19.76% 
SPEARREIT-0.05% 2.70% 2.76% 
Sectoral Allocation: Quarterly Comparison
 
 
 

 

 

Change
Quarter Ended
Quarter Ended
Banks
-0.87% 
2.96% 
3.83% 
Bond
-2.56% 
44.97% 
47.53% 
Cash on call
1.18% 
1.17% 
-0.01% 
Cyclical Goods & Services
0.14% 
0.68% 
0.54% 
Energy
-0.01% 
0.68% 
0.69% 
Financial Services
0.05% 
0.91% 
0.86% 
Food Producers
-0.24% 
0.56% 
0.80% 
For Currency
-0.25% 
0.03% 
0.28% 
Foreign Property
-0.09% 
3.07% 
3.16% 
General Industrials
-0.09% 
0.57% 
0.66% 
Health Care Providers
-0.01% 
0.27% 
0.28% 
Industrial Metals and Mining
-0.33% 
1.98% 
2.31% 
Industrial Support Services
0.02% 
0.22% 
0.20% 
Life Insurance
0.05% 
0.49% 
0.44% 
Money Market
2.19% 
2.20% 
0.01% 
Non-life Insurance
0.06% 
0.60% 
0.54% 
Offshore Intern
1.08% 
20.84% 
19.76% 
Oil, Gas and Coal
0.10% 
0.62% 
0.52% 
Precious Metals and Mining
-0.19% 
1.52% 
1.71% 
Preference Shares
0.07% 
2.66% 
2.59% 
Real Estate Investment Trusts
-0.16% 
5.48% 
5.64% 
Retailers
0.07% 
1.02% 
0.95% 
Software and Computer Services
-0.21% 
1.97% 
2.18% 
Technology
-0.07% 
1.72% 
1.79% 
Telecommunications Service Providers
-0.02% 
0.26% 
0.28% 
Tobacco
0.05% 
1.00% 
0.95%