Money Market

South African - Interest Bearing - Money Market

Concentrated exposure to short-term instruments with maturities of less than a year

FUND DESCRIPTION: Our lowest risk fund that aims to provide a higher level of income than fixed deposits and call accounts. INVESTOR PROFILE: The fund is suitable for investors who are: Seeking an alternative to bank deposits and/or a short-term parking place for their capital. Who focus on capital preservation whilst not seeking long-term capital growth. Who wish to diversify their portfolios away from equities, specifically those who favour more stable returns within the fixed interest universe. BENCHMARK: 3-month Short Term Fixed Interest (STeFI) Index FUND MANAGER: Nishan Maharaj, Christine Fourie and Sinovuyo Ndaleni
LAUNCH DATE: 01 October 1999
FUND SIZE: R 8.44 billion
NAV : 8.07
NUMBER OF A - UNITS: 1 347 210 760.59
TIME HORIZON: 1 month +
REGULATION 28: No
RISK RATING:

Top quartile money market performance over all periods since inception in 1999 and at 29 basis points, one of the lowest Total Expense Ratios in the industry.

PERFORMANCE FOR VARIOUS PERIODS
  FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 302.1% 292.9% 9.2%
Since Launch (annualised) 8.3% 8.1% 0.1%
Latest 15 years (annualised) 7.9% 7.8% 0.2%
Latest 10 years (annualised) 7.4% 7.0% 0.3%
Latest 5 years (annualised) 6.3% 5.9% 0.4%
Latest 3 years (annualised) 7.0% 6.4% 0.5%
Latest 1 year 7.9% 7.2% 0.7%
Year to date 1.9% 1.7% 0.2%
MONTHLY PERFORMANCE RETURNS
  201720162015
JAN 0.7%0.6%0.5%
FEB 0.6%0.6%0.5%
MAR 0.7%0.6%0.5%
APR  0.6%0.5%
MAY  0.6%0.5%
JUN  0.6%0.5%
JUL  0.6%0.5%
AUG  0.6%0.6%
SEP  0.6%0.5%
OCT  0.7%0.6%
NOV  0.7%0.5%
DEC  0.7%0.6%
YTD 1.9%7.7%6.6%
RISK STATISTICS SINCE LAUNCH
  FUND BENCHMARK
Annualised Deviation 0.6% 0.7%
Sharpe Ratio (0.4) -
Maximum Gain 302.1% -
Maximum Drawdown 0.0% -
Positive Months 100.0% -
FEES (EXCL.VAT)
INITIAL FEE Coronation: 0.00%
ANNUAL MANAGEMENT FEE 0.25%

An annual fee of 0.25% (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) 0,29% per annum, which includes a performance fee of 0%
TRANSACTION COSTS -
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% - Ongoing 0.25%. 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.