Resources

South African - Equity - Resources

Category-specific exposure to resources equities

FUND DESCRIPTION: A sector-specific portfolio of our top resources stock picks. INVESTOR PROFILE: The fund is suitable for investors: Seeking to broaden their equity exposure by including a resources fund. Who believe that the resources category offers compelling value. Who understand the cyclical nature of the category and seek long-term growth. That are not utilising the fund as a single investment but as part of a diversified portfolio. BENCHMARK: FTSE/JSE Africa Resources Index (TR)† FUND MANAGER: Nicholas Stein
LAUNCH DATE: 01 October 1999
FUND SIZE: R 427.26 million
NAV : 9 285.87
NUMBER OF P - UNITS: 4 577 884.04
TIME HORIZON: 5 years +
REGULATION 28: No
RISK RATING:

A specialist fund aimed at sophisticated investors requiring exposure to resource shares that are affected by changes in the commodity cycle. Outperformed All Share Resources index by 4.2% p.a. since launch in 1999.

PERFORMANCE FOR VARIOUS PERIODS
  FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 1235.7% 503.1% 732.6%
Since Launch (annualised) 16.0% 10.9% 5.2%
Latest 15 years (annualised) 11.9% 5.0% 6.9%
Latest 10 years (annualised) 4.9% (0.5)% 5.3%
Latest 5 years (annualised) 1.9% (6.6)% 8.5%
Latest 3 years (annualised) (0.6)% (13.4)% 12.7%
Latest 1 year 44.8% 19.1% 25.7%
Year to date 6.5% (0.2)% 6.7%
MONTHLY PERFORMANCE RETURNS
  201720162015
JAN 11.0%3.6%(3.9)%
FEB (4.1)%16.5%7.7%
MAR  8.1%(9.5)%
APR  12.4%8.2%
MAY  (5.7)%(5.0)%
JUN  (0.6)%(7.5)%
JUL  7.8%(7.8)%
AUG  0.8%(1.8)%
SEP  6.8%(13.0)%
OCT  (0.4)%9.4%
NOV  4.5%(15.6)%
DEC  (1.1)%(0.9)%
YTD 6.5%64.1%(35.8)%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
30 Sep 2016 03 Oct 2016 40.50 36.40 4.10
31 Mar 2016 01 Apr 2016 20.73 19.57 1.16
30 Sep 2015 01 Oct 2015 152.40 152.26 0.14
31 Mar 2015 01 Apr 2015 56.63 55.31 1.32
RISK STATISTICS SINCE LAUNCH
  FUND BENCHMARK
Annualised Deviation 23.2% 26.7%
Sharpe Ratio 0.33 0.09
Maximum Gain 93.4% 86.3%
Maximum Drawdown (57.9)% (58.3)%
Positive Months 58.4% 55.5%
TOP 10 HOLDINGS
AS AT 31 December 2016 % OF FUND
Mondi Limited 11,5%
Anglo American Plc 11,3%
Sasol Ltd 10,2%
Exxaro Resources Ltd 7,8%
Northam Platinum Ltd 6,7%
BHP Billiton Plc 6,6%
Merafe Resources Ltd 4,7%
Impala Platinum Holdings Ltd 4,5%
Omnia Holdings Ltd 4,5%
Pan African Resources Plc 4,3%
FEES (EXCL.VAT)
INITIAL FEE Coronation: 0.00%
ANNUAL MANAGEMENT FEE 1.00%

An annual fee of 1% (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) 1,32% per annum, which includes a performance fee of 0%
TRANSACTION COSTS 0.3%
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.