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Mergence CPI + 4% Prime Fund | South African–Multi Asset–Medium Equity
Reg Compliant
1.6644    -0.0015    (-0.090%)
NAV price (ZAR) Thu 20 Aug 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) 179 154 584
Latest Price 1.66
PlexCrowns (Senior)
PlexCrowns (Junior)
Total Expense Ratio (31/03) 1.48%
Minimum Investment-
TTM Distribution Yield 3.38%
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 Equities15.16%  
 Foreign Equities28.43%  
 SA Bonds29.54%  
 Foreign Bonds14.46%  
 SA Property3.80%  
 Foreign Property0.00%  
 SA Cash8.20%  
 Foreign Cash0.41%  
Top Holdings as at 30 Jun 2026
SecurityUnitsValue (Rm)% of Fund
MERGE 170 153 28.2615.80%
ISHACOMSCIEME 10 073 13.687.65%
MPMFCD 9 500 000 9.565.35%
R2037 8 737 000 9.015.04%
IS13TB 5 497 7.404.14%
R2040 6 040 000 6.333.54%
CLN901 5 792 879 6.133.43%
CLN891 5 792 863 6.103.41%
GLD 9 236 5.653.16%
ISHAREIBOXBND 2 540 4.552.55%
Totals  96.6854.06%
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20 Aug1.66-0.00-0.09% 
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