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Merchant West SCI Flexible Income Fund | South African–Multi Asset–Unclassified
Reg Compliant
1.1422    +0.0063    (+0.555%)
NAV price (ZAR) Fri 5 Dec 2025 (change prev day)
 
Snapshot
<i><b>  Performance</b></i><hr/>This gauge shows the decile position of the fund against 730 Rand-denominated South African funds over the last three years (needle right indicates above average performance)
Performance
<i><b>  Size</b></i><hr/>This gauge shows the size of the fund against all Rand-denominated retail funds (needle right indicates a large fund, needle left a small fund)
Size
<i><b>  Diversification</b></i><hr/>This gauge shows the level of diversification relative to other funds in the same second-tier (multi asset) category (needle right indicates a well-diversified fund)
Diversification
<i><b>  Risk</b></i><hr/>This gauge shows the fund's level of historical risk relative to other funds in the South African sectors based on 3-year volatility (needle right indicates lower risk within the sectors)
Risk
Fund Performance
NAV and TRI Performance
  TRI
  NAV
   3 Months 6 Months 1 Year 3 Years 5 Years
Period    Return %Growth of R1 000
chart
* Not annualised
Key Facts and Fund Objective
Key Facts
Formation Date 15 Jan 2008
Fund Size (ZAR) 160 965 995
Latest Price 1.14
PlexCrowns (Senior)
PlexCrowns (Junior)
Total Expense Ratio (30/06) 0.96%
Minimum Investment-
TTM Distribution Yield 8.24%
Fund Objective
The portfolio focuses predominantly on income producing assets with capital growth as a secondary objective. The investment objective of the portfolio is to provide investors with an above average after-tax return in the form of dividends and interest income. This will be achieved by diversifying the portfolio's holding across various interest and dividend yielding assets including ordinary shares, preference shares and real estate (REIT) securities, which will result in a flexible form of income being distributed to investors. The portfolio may also invest in assets in liquid form, non-equity securities, debentures, government, listed corporate and inflation linked bonds, and other high yielding securities....Read more
Asset Classes and Holdings
Asset Classes
 SA Equities24.20%  
 Foreign Equities0.00%  
 SA Bonds65.70%  
 Foreign Bonds0.00%  
 SA Property0.00%  
 Foreign Property0.00%  
 SA Cash10.10%  
 Foreign Cash0.00%  
Top Holdings as at 30 Sep 2025
SecurityUnitsValue (Rm)% of Fund
STANBANK-P 280 000 26.4617.56%
DSY B PREF 175 000 19.6013.00%
NTC PREF 160 000 15.2010.08%
INVLTDPREF 143 000 13.949.25%
CORONAT 300 000 13.298.82%
GRINDROD PREF 137 046 13.178.74%
RECMMB 12 027 327 12.068.00%
NEDBANK 50 000 10.707.10%
R2040 9 600 000 8.955.94%
ABSA 40 000 7.244.80%
Totals  140.6193.29%
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5 Dec1.14+0.01+0.55% 
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