NMRQL

I kind of stopped looking at it when the Fact Sheet seemed to point that it's all held in cash and that made no sense to me on any level.

https://www.sanlam.com/productcatal...FundFactSheets/SI_NMRQL SCI Balanced Fund.pdf

Asset allocation is 85% cash but then the Top 10 holdings don't match that.

So maybe it's going down because it hasn't actually bought any equities (yet) and therefore it wouldn't match the high equity fund anyway.
 
I heard (but could be mistaken) that they only use CFD's which makes sense
then why so much is in Cash, as they only put a small margin down.
 
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