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-19.55  /  -1.57%


NAV on 2020/02/25
NAV on 2020/02/24 1264.85
52 week high on 2020/01/20 1333.13
52 week low on 2019/05/27 1170.18
Total Expense Ratio on 2019/12/31 1.47
Total Expense Ratio (performance fee) on 2019/12/31 0.67
NAV Incl Dividends
1 month change -4% -4%
3 month change -1.36% -1.36%
6 month change 5.14% 6.97%
1 year change 5.74% 8.2%
5 year change 1.5% 4.41%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Additional 33.38 5.93%
Basic Materials 102.54 18.23%
Consumer Goods 13.33 2.37%
Consumer Services 95.01 16.89%
Financials 189.39 33.67%
General Equity 10.70 1.90%
Health Care 45.66 8.12%
Industrials 15.64 2.78%
Liquid Assets 52.01 9.25%
Technology 4.89 0.87%
  • Top five holdings
FINANCIALS 189.39 33.67%
BASICMATERIAL 102.54 18.23%
CONSUMERSRVS 95.01 16.89%
TOTDOMMONMKT 57.57 10.23%
HEALTHCARE 45.66 8.12%
  • Performance against peers
  • Fund data  
Management company:
Rezco Collective Investments Limited
Formation date:
ISIN code:
Short name:
South African--Equity--General
FTSE/ JSE All Share Index
Contact details




  • Fund management  
Rob Spanjaard
Rob has a long-term fascination with investment markets. As a student at UCT, Rob won the national Financial Mail reader stock picking competition. He graduated with a B.Com and CTA before passing the Chartered Accountants’ Board Exam. Rob then worked as a portfolio manager for Momentum Asset Management. In his last year, the unit trust he managed was rated number one in its sector.

Rob left Momentum in 1991 to lead a private equity deal. In 2006, after growing the turnover and profits by 25% per annum for 15 years, and listing the company as Sovereign Foods, Rob decided to return to asset management and sold the business to institutional investors. At that stage, Sovereign Foods was the most profitable company in its industry.

Rob then joined Wally Gray at Rezco with the objective of establishing a consistently high performing unit trust company. The first fund, the Rezco Value Trend Fund, was registered in 2004 and has won numerous best fund awards over that time.
Simon Sylvester
Simon joined Rezco in 2015, with previous experience at Deutsche Bank in London, Cogito Capital and Discovery Invest. Simon qualified from UKZN with a B.Bus Sci (Finance Honours), and holds the CFA and CIPM designations. Simon has a keen interest in stock picking, especially focusing on business strategy and how industries evolve through changing environments.

  • Fund manager's comment
No fund manager's comment available.
  • Fund focus and objective  
This fund's emphasis is on active stock selection and will remain at least 80% invested in South African equities at all times. The mandate is not restricted to any specific investment style. The investment strategy is underpinned by extensive research making use of both qualitative and quantitative measures. The focus is predominantly on individual stock selection. However, macro-economic considerations such as interest rates and the performance of the rand also play an integral part in constructing the portfolio. Meticulous, concentrated share selection enables the REZCO Equity Fund to be less correlated to the overall market and enables the fund to generate superior performance for investors. Our stock selection strategy focuses on domestic companies with strong earnings growth records, sustainable revenue streams, relatively low borrowings and trading at a reasonable price.

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