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Mergence CPI + 4% Prime Fund | South African–Multi Asset–Medium Equity
Reg Compliant
1.6708    -0.0042    (-0.251%)
NAV price (ZAR) Tue 10 Nov 2026 (change prev day)
 
Snapshot
<i><b>  Performance</b></i><hr/>This gauge shows the decile position of the fund against 116 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) 176 035 755
Latest Price 1.67
PlexCrowns (Senior)
PlexCrowns (Junior)
Total Expense Ratio (30/06) 1.50%
Minimum Investment-
TTM Distribution Yield 3.37%
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 Equities20.44%  
 Foreign Equities43.71%  
 SA Bonds20.06%  
 Foreign Bonds0.00%  
 SA Property3.73%  
 Foreign Property0.00%  
 SA Cash11.55%  
 Foreign Cash0.51%  
Top Holdings as at 30 Sep 2026
SecurityUnitsValue (Rm)% of Fund
ISHACOMSCIEME 16 651 22.1412.47%
MPMFCD 21 500 000 21.6212.17%
MERGE 126 468 21.2411.96%
R2037 9 987 000 9.815.52%
R2040 9 010 000 8.945.04%
IS13TB 5 885 7.834.41%
GLD 0 7.164.03%
CLN901 5 792 879 6.233.51%
CLN891 5 792 863 6.203.49%
NNF198 4 290 000 4.332.44%
Totals  115.5165.04%
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