World Equity [ZAR] Fund of Funds
Investment objective	Aims to achieve long-term capital growth that exceeds the MSCI World Index in dollar terms while ensuring lower volatility of returns, particularly on the downside, than conventional index-linked equity portfolios
Fund mandate	A rand-denominated foreign fund that invests offshore by selecting a number of highly skilled international equity managers. The underlying managers have the ability to vary exposure to the equity market No more than 20% of the fund is invested with any one fund manager May be closed to new investments at Coronation's discretion
Asset allocation	Aggressive Max equity exp: 100% (75% min) Min offshore exp: 85%
Regulation 28	Does not comply
Benchmark	MSCI World Index (Rands)
Return objective	Outperform the benchmark
Risk of monetary loss	Slight in periods greater than 5 years Moderate in periods between 12 and 60 months Higher in periods less than 1 year
Recommended term	5 years and longer
Target market	Investors seeking exposure to the offshore equity market Providing investors, who have utilised their full individual offshore allowance, with an opportunity to obtain additional exposure to global markets Investors who are able to withstand short-term market fluctuations in pursuit of maximum total returns over the long term The fund is not suitable as a single investment holding for long-term investors Suitable for use as a satellite fund if the investor intends following a core/satellite approach
Fee structure (excl. VAT)	Initial fee: Coronation: 0.00% Annual management fee: Base fee: 1.50% The ongoing fee structure will be changed with effect from 1 November 2009 Currently suspended. 15% of the fund's outperformance when the fund delivers a positive return in excess of the MSCI World Index (Rands) benchmark over rolling 12 month periods
Income distribution	Bi-annually (March, September) Note: In practice, it is unlikely that the fund will deliver significant distributions
Investment minimum	R5 000 lump sum and/or R500 monthly debit order
Fund category	Foreign Equity General
Launch date	1 August 1997
Portfolio manager	Tony Gibson