Property Equity

South African - Real Estate - General

Category-specific exposure to listed property assets

FUND DESCRIPTION: A sector-specific equity fund that invests in quality listed property assets. INVESTOR PROFILE: The fund is suitable for investors: Requiring a regular stream of income from their capital base. Seeking an asset class with a lower volatility and lower return correlation to a pure equity fund. Seeking exposure to the listed property category with a strong focus on capital preservation. Who are utilising the fund as part of a diversified portfolio. BENCHMARK: FTSE/JSE SA Listed Property Index FUND MANAGER: Anton de Goede and Kanyane Matlou
LAUNCH DATE: 20 November 2000
FUND SIZE: R 2.38 billion
NAV : 6 406.55
NUMBER OF A - UNITS: 33 198 679.55
TIME HORIZON: 5 years +
REGULATION 28: No
RISK RATING:

Best performing fund in the category since launch in 2000.

PERFORMANCE FOR VARIOUS PERIODS
  FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 1640.2% 1726.8% (86.7)%
Since Launch (annualised) 19.2% 19.6% (0.4)%
Latest 15 years (annualised) 19.9% 20.4% (0.5)%
Latest 10 years (annualised) 14.1% 14.3% (0.3)%
Latest 5 years (annualised) 16.4% 16.3% 0.2%
Latest 3 years (annualised) 14.8% 16.2% (1.4)%
Latest 1 year 10.2% 11.0% (0.8)%
Year to date 1.2% 1.3% (0.0)%
MONTHLY PERFORMANCE RETURNS
  201720162015
JAN 1.3%(3.7)%6.8%
FEB (0.1)%3.1%2.3%
MAR  8.4%2.6%
APR  1.9%0.5%
MAY  (2.7)%(4.8)%
JUN  0.2%(0.3)%
JUL  2.8%4.6%
AUG  (3.8)%(0.1)%
SEP  0.8%0.5%
OCT  0.3%1.9%
NOV  (2.9)%(0.6)%
DEC  4.1%(4.6)%
YTD 1.2%8.0%8.5%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
30 Dec 2016 03 Jan 2017 57.70 1.19 56.51
30 Sep 2016 03 Oct 2016 80.54 3.09 77.45
30 Jun 2016 01 Jul 2016 48.32 2.24 46.08
31 Mar 2016 01 Apr 2016 75.95 0.00 75.95
RISK STATISTICS SINCE LAUNCH
  FUND BENCHMARK
Annualised Deviation 13.3% 14.0%
Sharpe Ratio 0.82 0.81
Maximum Gain 54.8% 41.0%
Maximum Drawdown (29.7)% (28.0)%
Positive Months 68.7% 68.2%
TOP 10 HOLDINGS
AS AT 31 December 2016 % OF FUND
Growthpoint Properties Ltd 17,2%
Redefine Income Fund 14,0%
New Europe Property Investments 9,3%
Fortress Income Fund Ltd A 8,1%
Hyprop Investments Ltd 5,9%
Resilient Property Income 5,4%
Atterbury Investment Holdings 4,0%
Vukile Property Ltd 3,0%
SA Corporate Real Estate Fund 2,9%
Rockcastle Global Real Estate 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) 1,43% per annum, which includes a performance fee of 0%
TRANSACTION COSTS 0.05%
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.