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Citadel SA Managed Volatility Equity H4 Fund | South African–Multi Asset–Flexible
15.9993    -0.1219    (-0.756%)
NAV price (ZAR) Fri 14 Nov 2025 (change prev day)
 
Snapshot
<i><b>  Performance</b></i><hr/>This gauge shows the decile position of the fund against 51 Rand-denominated South African--Multi Asset--Flexible 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--Multi Asset--Flexible sector based on 3-year volatility (needle right indicates lower risk within the sector)
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 3 Feb 2015
Fund Size (ZAR) 1 537 207 962
Latest Price 16.00
PlexCrowns (Senior)
PlexCrowns (Junior)
Total Expense Ratio (30/06) 1.18%
Minimum Investment-
TTM Distribution Yield 3.71%
Fund Objective
The Citadel SA Managed Volatility Equity H4 Fund is a specialist flexible multi-asset equity portfolio, having the primary objective of achieving equitylike returns over the long term, at a lower level of volatility. The portfolio is a long-only equity portfolio, utilizing actively managed derivative hedging strategies to reduce volatility. The Manager will also employ lower risk beta strategies to obtain equity and market exposure and will also ensure that the portfolio is permanently hedged which will further reduce volatility and drawdown on equity positions. The portfolio's investment universe will comprise primarily of listed equity securities but may also include fixed interest securities, listed real estate, money market instruments, debentures, non-equity securities and assets in liquid form....Read more
Asset Classes and Holdings
Asset Classes
 SA Equities66.10%  
 Foreign Equities0.00%  
 SA Bonds4.60%  
 Foreign Bonds0.00%  
 SA Property1.30%  
 Foreign Property0.00%  
 SA Cash28.00%  
 Foreign Cash0.00%  
Top Holdings as at 30 Sep 2025
SecurityUnitsValue (Rm)% of Fund
CMHB2 145 363 076 146.2611.57%
NASPERS-N 19 099 119.469.45%
CASH 0 118.819.40%
CPIB2 10 455 718 111.578.83%
GFIELDS 106 894 77.946.17%
ANGGOLD 42 816 51.964.11%
FIRSTRAND 614 903 47.753.78%
PROSUS 32 528 39.383.12%
STANBANK 158 613 37.492.97%
CAPITEC 10 388 36.092.85%
Totals  786.7262.23%
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