Global Strategic USD Income [ZAR] Feeder

Global - Multi-Asset - Income

Asset allocation across yielding asset classes globally with a US dollar bias

FUND DESCRIPTION: Asset allocation across yielding asset classes globally with a US dollar bias. INVESTOR PROFILE: The fund is suitable for investors who are: Looking for an intelligent alternative to US dollar bank deposits. Who believe in the benefits of active management in the fixed interest universe. Seeking managed exposure to income-generating investments. Seeking additional foreign exposure without using their offshore allowance. BENCHMARK: 110% of USD 3-month LIBOR FUND MANAGER: Mark le Roux, Stephen Peirce and Nishan Maharaj
LAUNCH DATE: 30 August 2013
FUND SIZE: R 220.40 million
NAV : 129.4
NUMBER OF A - UNITS: 603 687 408
TIME HORIZON: 1 year +
REGULATION 28: No
RISK RATING:

Outperformed US dollar cash by 2.5% p.a. since launch in August 2013.

PERFORMANCE FOR VARIOUS PERIODS
  FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 35.0% 30.1% 4.9%
Since Launch (annualised) 8.9% 7.8% 1.1%
Latest 3 years (annualised) 8.1% 7.4% 0.7%
Latest 1 year (15.4)% (16.3)% 0.9%
Year to date (4.7)% (3.9)% (0.8)%
MONTHLY PERFORMANCE RETURNS
  20172016201520142013
JAN (2.8)%1.7%0.6%6.9% 
FEB (2.0)%(0.6)%0.8%(4.2)% 
MAR  (6.4)%3.6%(1.6)% 
APR  (3.1)%(0.8)%0.7% 
MAY  11.0%1.4%1.1% 
JUN  (7.1)%(0.4)%0.5% 
JUL  (4.9)%4.2%1.0% 
AUG  6.5%4.7%(0.8)% 
SEP  (6.4)%3.8%5.8%(1.0)%
OCT  (1.7)%0.5%(2.1)%0.2%
NOV  3.5%4.3%0.0%1.7%
DEC  (1.7)%8.2%4.6%3.4%
YTD (4.7)%(10.3)%35.2%12.0%4.3%
RISK STATISTICS SINCE LAUNCH
  FUND BENCHMARK
Annualised Deviation 13.7% 13.9%
Sharpe Ratio 0.11 0.03
Maximum Gain 30.7% 17.4%
Maximum Drawdown (16.0)% (16.4)%
Positive Months 59.5% 57.1%
TOP 10 HOLDINGS
AS AT 31 December 2016 % OF FUND
UNIBAIL RODAMCO 0,3%
Capital & Counties Propertie 0,2%
DEUTSCHE WOHNEN AG-BR 0,2%
HAMMERSON 0,2%
LAND SECURITIES 0,2%
VONOVIA SE 0,2%
LEG IMMOBILIEN AG 0,2%
BRITISH LAND COMPANY 0,2%
KLEPIERRE 0,2%
INTU Properties 0,1%
FEES (EXCL.VAT)
INITIAL FEE Coronation: 0.00%
ANNUAL MANAGEMENT FEE 0.85%

An annual fee of 0.85% is payable. Of the annual fee, 0.3% is collected at feeder fund level, while the balance of the fee is collected in the master fund. The component of the fund fee charged at feeder fund level is subject to VAT. Other costs that are incurred in the fund include administrative, trading, custody and audit charges. All performance information is disclosed after deducting all fees and other portfolio costs. We do not charge any fees to access or withdraw from the fund.

TOTAL EXPENSE RATIO (TER) 1,13% per annum, which includes a performance fee of 0%
TRANSACTION COSTS 0.02%
ADVICE COSTS (EXCLUDING VAT)

Coronation does not provide financial advice. If you appoint an adviser, advice fees are contracted directly between you and the adviser. We will facilitate the collection of advice fees only upon receiving your instruction, up to a maximum of an initial fee of 3.00% and an ongoing fee of 1.00% per annum (where an initial advice fee of more than 1.50% is selected, the maximum annual advice fee that we will collect is 0.50%). Advice fees are usually collected through the redemption of units. You may cancel the instruction to facilitate the payment of advice fees at any time. Advisers will only share in Coronation fees subject to prior approval by and/or disclosure to the investor. A portion of Coronation’s annual management fee may be paid to administration platforms such as Linked Investment Service Providers (LISPs) as a payment for administration and distribution services.