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Mergence CPI + 4% Prime Fund | South African–Multi Asset–Medium Equity
Reg Compliant
1.6284    -0.0097    (-0.592%)
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 114 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) 199 960 212
Latest Price 1.63
PlexCrowns (Senior)
PlexCrowns (Junior)
Total Expense Ratio (30/06) 1.49%
Minimum Investment-
TTM Distribution Yield 5.35%
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 Equities32.62%  
 Foreign Equities14.58%  
 SA Bonds35.15%  
 Foreign Bonds3.40%  
 SA Property4.21%  
 Foreign Property0.00%  
 SA Cash9.78%  
 Foreign Cash0.26%  
Top Holdings as at 30 Sep 2025
SecurityUnitsValue (Rm)% of Fund
MERGE 198 910 28.0214.46%
R2037 16 177 000 15.127.80%
ISHACOMSCIEME 12 451 14.147.30%
MPMFCD 10 000 000 10.015.16%
GLD 13 775 8.484.37%
IS13TB 5 497 7.874.06%
CLN901 5 792 879 6.443.32%
CLN891 5 792 863 6.393.30%
CASH 0 5.342.75%
ISHAREIBOXBND 2 540 4.892.52%
Totals  106.6955.04%
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14 Nov1.63-0.01-0.59% 
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