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 8.38 billion
NAV : 7.6
NUMBER OF A - UNITS: 1 375 413 652.34
TIME HORIZON: 1 month +
REGULATION 28: No
RISK RATING:

The fund is tactically managed to achieve the best possible return achievable from short maturity money market instrument, while aiming to protect capital at all times.The fund has been a top quartile performer since launch in 1999.

PERFORMANCE FOR VARIOUS PERIODS
  FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 320.5% 309.0% 11.5%
Since Launch (annualised) 8.3% 8.1% 0.2%
Latest 15 years (annualised) 7.8% 7.6% 0.2%
Latest 10 years (annualised) 7.3% 6.9% 0.4%
Latest 5 years (annualised) 6.6% 6.1% 0.5%
Latest 3 years (annualised) 7.3% 6.7% 0.6%
Latest 1 year 8.0% 7.2% 0.8%
Year to date 6.6% 5.9% 0.7%
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%0.6%0.5%
MAY 0.7%0.6%0.5%
JUN 0.6%0.6%0.5%
JUL 0.7%0.6%0.5%
AUG 0.6%0.6%0.6%
SEP 0.6%0.6%0.5%
OCT 0.6%0.7%0.6%
NOV  0.7%0.5%
DEC  0.7%0.6%
YTD 6.6%7.7%6.6%
RISK STATISTICS SINCE LAUNCH
  FUND BENCHMARK
Annualised Deviation 0.6% 0.7%
Sharpe Ratio (0.3) 0.00
Maximum Gain 320.5% 0.0%
Maximum Drawdown 0.0% 0.0%
Positive Months 100.0% 0.0%
BEST AND WORST PERFORMANCE PERIODS
 
Best Performing 12 months 12.90% Aug 2002 - Jul 2003
Worst Performing 12 months 5.10% Nov 2012 - Oct 2013
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 0
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.