Financial

South African - Equity - Financial

Category -specific exposure to financial services equities

FUND DESCRIPTION: A sector-specific portfolio of our top financial services stock picks. INVESTOR PROFILE: The fund is suitable for investors: Seeking to broaden their equity exposure by including a financial services fund. Who believe that the financial services category offers compelling value. That are not utilising the fund as a single investment but as part of a diversified portfolio. BENCHMARK: FTSE/JSE Financial Index FUND MANAGER: Neill Young and Godwill Chahwahwa
LAUNCH DATE: 01 July 1998
FUND SIZE: R 526.23 million
NAV : 6 094.71
NUMBER OF A - UNITS: 4 065 473.24
TIME HORIZON: 5 years +
REGULATION 28: No
RISK RATING:

Top quartile performer over 10 years & top performing fund since launch in 1998.

PERFORMANCE FOR VARIOUS PERIODS
  FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 989.7% 667.1% 322.6%
Since Launch (annualised) 13.3% 11.2% 2.1%
Latest 15 years (annualised) 17.4% 16.3% 1.1%
Latest 10 years (annualised) 11.7% 10.8% 0.9%
Latest 5 years (annualised) 14.1% 14.2% (0.0)%
Latest 3 years (annualised) 5.9% 8.4% (2.5)%
Latest 1 year 9.5% 10.6% (1.0)%
Year to date 4.8% 6.0% (1.2)%
MONTHLY PERFORMANCE RETURNS
  201720162015
JAN (0.9)%(3.1)%4.4%
FEB 0.2%(1.8)%2.9%
MAR (0.5)%10.2%2.0%
APR 3.8%(0.8)%5.3%
MAY (1.3)%(1.6)%(4.9)%
JUN (3.3)%(3.0)%(0.3)%
JUL 5.3%3.0%3.0%
AUG 1.6%(2.0)%(3.7)%
SEP  0.8%(2.5)%
OCT  (1.2)%8.0%
NOV  2.4%(5.1)%
DEC  2.5%(7.3)%
YTD 4.8%4.6%0.4%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
31 Mar 2017 03 Apr 2017 73.16 72.16 1.00
30 Sep 2016 03 Oct 2016 98.05 97.66 0.39
31 Mar 2016 01 Apr 2016 62.75 62.01 0.74
30 Sep 2015 01 Oct 2015 77.31 76.45 0.86
RISK STATISTICS SINCE LAUNCH
  FUND BENCHMARK
Annualised Deviation 19.0% 20.3%
Sharpe Ratio 0.22 0.10
Maximum Gain 53.6% 80.4%
Maximum Drawdown (39.7)% (45.3)%
Positive Months 60.9% 61.3%
BEST AND WORST PERFORMANCE PERIODS
 
Best Performing 12 months 63.00% Aug 2004 - Jul 2005
Worst Performing 12 months (28.60)% Mar 2008 - Feb 2009
TOP 10 HOLDINGS
AS AT 30 June 2017 % OF FUND
RMB Holdings 13,4%
Standard Bank Group Ltd 13,4%
Investec 10,6%
Old Mutual Life Assurance SA 9,6%
Discovery Holdings Ltd 6,8%
Nedbank Group Ltd 6,0%
Capital & Counties Properties 4,0%
Reinet Investments Sca 4,0%
Barclays Africa Group 3,0%
PSG Group 2,9%
FEES (EXCL.VAT)
INITIAL FEE Coronation: 0.00%
ANNUAL MANAGEMENT FEE 1.25%

An annual fee of 1.25% (excl. VAT) is payable. Other costs that are incurred in the fund include trading, custody and audit charges. All performance information is disclosed after deducting all fees and other portfolio costs. We do not charge fees to access or withdraw from the fund.

TOTAL EXPENSE RATIO (TER) 1,46% per annum, which includes a performance fee of 0%
TRANSACTION COSTS 0,21
ADVICE COSTS (EXCLUDING VAT)

Coronation does not provide financial advice and therefore does not charge advice fees. However, investments are often placed on your behalf by a financial adviser, in which case fees are negotiated directly between you and your adviser, within the following ranges:  Initial 0.00% - 3.00%, Ongoing 0.00% - 1.00% when the initial fee is less than 1.50% , 0.00% - 0.50% when the initial fee is more than 1.50%. Sharing of annual management fees: A portion of Coronation’s annual management fee may be paid to administration platforms as a subsidy for administrative and advice costs incurred when investing through these channels. Where commission and incentives are paid, these are included in the overall costs.