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Mergence CPI + 4% Prime Fund | South African–Multi Asset–Medium Equity
Reg Compliant
1.6432    +0.0048    (+0.293%)
NAV price (ZAR) Fri 3 Jul 2026 (change prev day)
 
Snapshot
<i><b>  Performance</b></i><hr/>This gauge shows the decile position of the fund against 117 Rand-denominated South African--Multi Asset--Medium Equity 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--Medium Equity 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 1 Nov 2018
Fund Size (ZAR) 178 059 673
Latest Price 1.64
PlexCrowns (Senior)
PlexCrowns (Junior)
Total Expense Ratio (31/03) 1.48%
Minimum Investment-
TTM Distribution Yield 3.43%
Fund Objective
The Fund is managed with an absolute return orientation, and is structured to generate a return of 4% above inflation at a low level of risk. It is broadly diversified across asset classes including equities, listed property, conventional bonds and inflation-linked bonds, both domestically and internationally. The Fund employs active asset allocation and derivative hedging to manage and reduce downside risk.
Asset Classes and Holdings
Asset Classes
 SA Equities25.68%  
 Foreign Equities18.44%  
 SA Bonds41.82%  
 Foreign Bonds0.00%  
 SA Property3.44%  
 Foreign Property0.00%  
 SA Cash10.33%  
 Foreign Cash0.29%  
Top Holdings as at 31 Mar 2026
SecurityUnitsValue (Rm)% of Fund
MERGE 170 153 24.3213.29%
MPMFCD 16 100 000 16.198.84%
ISHACOMSCIEME 7 976 9.425.15%
IS13TB 5 497 7.764.24%
R2037 7 127 000 6.763.70%
GLD 9 236 6.703.66%
CLN901 5 792 879 6.263.42%
CLN891 5 792 863 6.213.39%
R2040 6 430 000 6.153.36%
ISHAREIBOXBND 2 540 4.732.59%
Totals  94.5051.64%
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3 Jul1.64+0.00+0.29% 
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