Rezco Stable Fund
A Regulation 28 compliant conservative multi-asset fund seeking capital stability and returns above inflation with lower volatility through market cycles.
The Rezco Stable Fund is designed for investors who want a more conservative, multi-asset approach to compounding over time. The fund invests across a broad range of securities—equities, bonds, money market instruments and, where appropriate, other diversifying exposures—so the portfolio can be positioned deliberately as conditions change.
Equity exposure (including offshore equity) is managed within a conservative range of 0% to 40%. We focus on thoughtful asset allocation, diversification, selective stock picking, and careful management of fixed-income risks such as credit exposure and interest-rate sensitivity. The objective is not to avoid market movement entirely, but to reduce unnecessary volatility while remaining focused on long-term outcomes.
The fund’s benchmark is Inflation + 3%, and the fund aims to deliver real returns over rolling 3–5 year periods. The manager does not guarantee capital or returns.
Category
ASISA South African MA Low Equity
Launch Date
May 2015
Regulation 28
Yes
Benchmark
Inflation + 3%
Performance
C
Class
As of
Use the return series to assess how the fund has performed across different market environments and over appropriate equity time horizons (typically 3–5 years). Returns are most useful when viewed alongside the benchmark and peer group to understand relative outcomes through both strong and difficult markets.
SHARPE RATIO
0.0
Risk-adjusted return measure
STANDARD DEVIATION
0.0%
Total volatility
Sortino Ratio
0.0%
Downside risk
Cumulative Performance
Holdings
Holdings and sector exposures are shown as at the latest reporting date to support transparency and due diligence. Because the fund is actively managed, positions can change as opportunities evolve and risk is managed. For the most current detail, refer to the latest factsheet and monthly commentary.
Allocations
Asset and sector allocations provide a snapshot of how the fund is positioned across major building blocks such as equities, bonds, and money market instruments, including local and offshore exposure where applicable. These allocations are actively managed and will change as the opportunity set and risk environment shifts.
Sector Allocation (Equities Only)
Investor Profile
The Rezco Stable Fund is suitable for investors who:
• Want to preserve the purchasing power of their capital over the long term using a conservative, multi-asset approach.
• Seek exposure to the earnings potential of equities while limiting total equity exposure to 40%.
• Prefer a smoother return profile through diversified positioning across growth and defensive assets.
• Understand that the value of units can fluctuate and that capital is not guaranteed.
A message from the portfolio manager
Rob Spanjaard, Chief Investment Officer & Portfolio Manager
Stable is built for investors who value resilience and consistency over time. The objective is to compound steadily while managing the portfolio so it can remain investable through different market regimes—particularly when volatility rises or bond markets reprice.
We use a conservative multi-asset framework with clear limits on equity exposure, and we spend as much time on portfolio construction as we do on security selection. That means being deliberate about diversification, liquidity, credit quality, and interest-rate risk, while still allocating to growth opportunities when the long-term reward is compelling. Over rolling 3–5 year periods, we aim to deliver returns above inflation (Inflation + 3%), without guaranteeing capital or returns.
Get in contact
Need more fund details, due diligence documents, platform availability, or help with forms? Send us a message and we’ll route your query to the right person.
For investment, additional investment, and disinvestment forms (and submissions), use the forms section below.
A disciplined equity process, grounded in fundamentals.
Our investment approach begins with the belief that share prices, over time, follow the intrinsic value of the businesses they represent. We look for companies with strong earnings power, sustainable competitive advantages, and clean balance sheets—and we aim to buy them at prices that offer a margin of safety.
Our philosophy is built on the belief that long-term outcomes improve when decisions are anchored in fundamental research and executed with consistency. We focus predominantly on bottom-up stock selection, supported by quantitative and qualitative work, and we incorporate macro considerations—such as interest rates and currency dynamics—when constructing the portfolio.
This approach helps us stay focused on business quality and valuation discipline while remaining deliberate about portfolio exposures through different market regimes.Rather than follow a narrow style, we adopt a Growth at the Right Price (GARP) philosophy: we want exposure to businesses that can compound value, purchased at fair or attractive prices. We are benchmark-aware but not benchmark-bound, allowing the portfolio to express conviction without unnecessary constraints.
Invest Now
To invest in the Rezco Equity Fund, complete the relevant application form below and email it to operations@rezco.co.za. Our team will guide you through the process.
Important: The forms above are for direct investment with Rezco Asset Management. Before investing, please ensure you have read and understood the fund's MDD and other disclosures available on this page.
Explore Other Funds
Rezco offers a range of actively managed funds, each designed to meet different investment objectives. Whether you're looking for growth, balanced exposure, or capital preservation, explore the options below.