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Merchant West SCI Balanced Plus Fund  |  South African-Multi Asset-High Equity
Reg Compliant
1.8432    -0.0138    (-0.743%)
NAV price (ZAR) Fri 28 Feb 2025 (change prev day)


 
Technical Details  
 

Formation Date (A1)

1 Nov 2012

Fund Size (ZAR)

305 932 048

Domicile

South Africa

Reporting Currency

ZAR

JSE Code (A1)

MEBA1

ISIN (A1)

ZAE000172763

Pricing

Daily

Number of unitholders

1

ASISA Category

SA-Multi Asset-High Equity

Benchmark

ASISA Category average of SA - Multi Asset - High Equity

Income Distributions

30/06,31/12

Income Payment

01/07,01/01

Trustee

0

Management Company

Sanlam Collective Investments

Fund Management

Andrew Dowse, Raymond Shapiro

Minimum Investment

R10 000

Minimum Top-Up

-

Minimum Monthly

R500

Risk Rating

Medium-High

 
Fund Objective  
 
In order to achieve its objective, the investments normally to be included in the portfolio may comprise a combination of domestic and international assets in liquid form, money market instruments, corporate debt, equities, bonds, property securities, preference shares, convertible equities, listed and unlisted financial instruments and non-equity securities. The equity limits will be aligned with that of the Asisa Fund Classification: SA - Multi Asset -High Equity. The manager may from time to time invest in participatory interests in portfolios of collective investment schemes registered in the Republic of South Africa and which are consistent with the portfolio's investment policy....Read more
 
Management  
 
Andrew Dowse (Bcom (Hons))
Andrew joined Grindrod Asset Management in early 2013 and is currently a Portfolio Manager. Andrew has worked as a Product Development Analyst at Symmetry within the Old Mutual Group and then in the offshore hedge fund division at Maitland. Prior to joining Grindrod Asset Management, Andrew worked at Insinger de Beaufort BNP Paribas, a boutique asset manager and family wealth office. The company’s head office is in Amsterdam and the parent company BNP Paribas is based in Paris. As a member of the investment committee Andrew was responsible for global fund research, analysing all investment products including the more exotic asset classes of hedge funds and structured products. He was also responsible for much of the reporting and analysis of client portfolios including attribution reports and compliance with GIPS reporting standards. He also traded and balanced all offshore and local private client investment mandates and was actively involved in the management of the South African Fund of Funds within the firm.

Raymond Shapiro
Raymond started his career at The Standard Bank Group, completing his articles under their TOPP programme, and specialising in financial management. In 2007 he joined Melville Douglas Investment Management as an equity analyst, later also becoming a portfolio manager in both domestic and global portfolio management. Raymond joined Counterpoint Asset Management in 2014, where he is the Head of Quality and portfolio manager of both domestic and global equities.
 
Fees and Costs - Class A1
 
Initial Fee3.00%
Advisor Initial Feen/a
Annual Management Fee1.41%
Performance Fee-
Advisor Annual Feen/a
Trailer Fee-
Exit Fee-
TER (30/09)1.59%
TER Performance Fee0.00%
Transaction Costs Ratio0.08%
Total TER1.67%
 
Distribution - Class A1
DeclaredPayAmountClassCurrency
31 Dec 20242 Jan 20252.291A1ZARc
30 Jun 20241 Jul 20242.606A1ZARc
31 Dec 20232 Jan 20242.771A1ZARc
30 Jun 20233 Jul 20232.456A1ZARc
31 Dec 20223 Jan 20233.466A1ZARc
30 Jun 20221 Jul 20222.529A1ZARc
31 Dec 20213 Jan 20222.810A1ZARc
30 Jun 20211 Jul 20210.114A1ZARc
4 Jun 20214 Jun 20211.249A1ZARc
31 Dec 20204 Jan 20210.258A1ZARc
 
Statutory Data
 
Management CompanySanlam Collective Investments
Registration Number1967/002865/07
Directors-
Trustee-
AuditorsErnst & Young Inc. and KPMG Inc.
Sponsors-
Advisors-
Physical AddressSanlam Head Office 2 Strand Road Bellville 7530
Postal AddressPO Box 1 Sanlamhof 7532
Telephone021-947-9111
Tollfree-
Fax021-947-9111
Email-
Websitehttp://https://www.sanlam.co.za