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2.19  /  0.21%


NAV on 2019/09/16
NAV on 2019/09/13 1050.74
52 week high on 2019/08/30 1079.86
52 week low on 2018/12/20 987.52
Total Expense Ratio on 2019/06/30 1.24
Total Expense Ratio (performance fee) on 2019/06/30 0
NAV Incl Dividends
1 month change -0.86% 1.06%
3 month change 1.62% 3.58%
6 month change 3.71% 5.71%
1 year change 2.71% 6.79%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Basic Materials 6.79 6.90%
Financials 8.09 8.21%
Gilts 13.59 13.80%
Industrials 0.93 0.95%
Liquid Assets 34.00 34.52%
Other Sec 5.40 5.49%
Specialist Securities 2.13 2.16%
Technology 0.36 0.37%
Offshore 27.18 27.60%
  • Top five holdings
REZGLF 14.37 14.59%
 ZPLP 5.40 5.49%
 IAPF 3.61 3.66%
U-NEWPLAT 2.13 2.16%
 DISCOVERY 1.74 1.77%
  • Performance against peers
  • Fund data  
Management company:
Rezco Collective Investments Limited
Formation date:
ISIN code:
Short name:
South African--Multi Asset--Low Equity
CPI Plus 3%
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  
Through a conservative approach the fund seeks to provide capital stability by investing in a broad range of securities including a mix of equities, bonds, listed gilts, interest bearing securities, money market instruments and property markets. The total equity exposure (including international equity) will be between 0% and 40%. Meticulous, concentrated share selection enables the Rezco Stable 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 international and domestic companies with strong earnings growth records, sustainable revenue streams and relatively low borrowings. By identifying companies which combine these features, Rezco is able to undertake in-depth research required to select new shares for the portfolio which can achieve a secure balance between risk and growth.
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