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Discovery Target Retirement 2045 Fund | South African–Multi Asset–Unclassified
Reg Compliant
2.8521    -0.0695    (-2.379%)
NAV price (ZAR) Tue 3 Mar 2026 (change prev day)
 
Snapshot
<i><b>  Performance</b></i><hr/>This gauge shows the decile position of the fund against 735 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 1 Dec 2010
Fund Size (ZAR) 2 203 279 980
Latest Price 2.85
PlexCrowns (Senior)
PlexCrowns (Junior)
Total Expense Ratio (31/12) 2.00%
Minimum InvestmentR40 000
TTM Distribution Yield 1.35%
Fund Objective
Investment Strategy The fund aims to provide long-term real returns with appropriate levels of risk for investors, given the fund's target date and investors' retirement date. The fund may invest in JSE listed companies, listed gilts and interest bearing securities, money market instruments, listed property companies or securities, listed derivative instruments, participatory units in collective investment schemes and foreign investments. The fund is compliant with Regulation 28 of the Pension Funds Act. Fund Objectives The objective of the fund will be to maximise the total real returns, comprising both capital and income, over the anticipated life span of the selected portfolio....Read more
Asset Classes and Holdings
Asset Classes
 SA Equities40.31%  
 Foreign Equities33.36%  
 SA Bonds16.05%  
 Foreign Bonds0.48%  
 SA Property9.17%  
 Foreign Property0.73%  
 SA Cash-1.43%  
 Foreign Cash1.33%  
Top Holdings as at 31 Dec 2025
SecurityUnitsValue (Rm)% of Fund
FOREIGNUT 0 763.5335.93%
PPFZ 44 133 505 193.659.11%
NASPERS 99 192 109.565.16%
CBFZ 83 800 947 96.914.56%
GFIELDS 95 375 69.213.26%
ANGGOLD 46 367 66.453.13%
CAPITEC 15 013 62.392.94%
R2032 54 300 000 56.872.68%
STANBANK 177 857 51.652.43%
FIRSTRAND 516 901 46.912.21%
Totals  1 517.1371.40%
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