Balanced Plus

South African - Multi Asset - High Equity

Maximising long-term returns for retirement savers

GENERAL INVESTOR REPORT

FUND DESCRIPTION:

Best investment views across all asset classes for retirement savers.

INVESTOR PROFILE:

The fund is suitable for investors: Building up long-term retirement capital. Requiring a moderate capital growth portfolio. Looking to preserve the purchasing power of their capital over the long-term, but not prepared to accept the short-term turbulence of the equity market. With a time horizon of five years or longer.

BENCHMARK:

South African – Multi-asset - High Equity ASISA fund category average (excluding Coronation funds)

FUND MANAGER:

Karl Leinberger and Sarah-Jane Alexander

LAUNCH DATE: 15 April 1996
FUND SIZE: R112.78 billion
NAV (24 May 2024): 14,907.54
NUMBER OF A - UNITS: 199016601.42
TIME HORIZON: 5 years +
RISK RATING:

No. 1 balanced fund in South Africa since launch in 1996, outperforming its average competitor by 1,5% p.a. Outperformed inflation by on average 7.4% p.a. since launch and outperformed the ALSI on average by 1.0% p.a (since launch).

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PERFORMANCE FOR VARIOUS PERIODS AFTER FEES
FUND CPI + 5% PEER GROUP AVERAGE
Since Launch (unannualised) 3,365.8% 1,803.0% 2,277.0%
Since Launch (annualised) 13.5% 11.1% 12.0%
Latest 20 years (annualised) 13.1% 10.5% 10.9%
Latest 15 years (annualised) 11.5% 10.2% 9.6%
Latest 10 years (annualised) 7.8% 10.0% 6.9%
Latest 5 years (annualised) 9.3% 10.1% 7.9%
Latest 3 years (annualised) 8.4% 11.0% 8.0%
Latest 1 year 10.7% 10.3% 7.5%
Year to date 3.0% 3.8% 2.1%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2024 2023 2022 2021 2020 2019
JAN (0.0)% 8.4% (1.9)% 3.7% 0.7% 2.2%
FEB 2.0% 0.1% 0.9% 4.1% (5.6)% 4.0%
MAR 1.0% (3.1)% (0.3)% 0.8% (11.0)% 2.0%
APR 0.0% 1.7% (2.0)% 1.7% 10.1% 2.4%
MAY - 0.3% (0.7)% 0.4% 1.5% (4.4)%
JUN - 2.5% (5.5)% (0.5)% 2.9% 1.4%
JUL - 0.8% 4.8% 2.1% 2.6% (0.2)%
AUG - 0.4% 0.1% 0.9% 2.4% (0.7)%
SEP - (4.2)% (4.3)% (0.6)% (2.3)% 1.6%
OCT - (3.4)% 4.5% 4.0% (2.7)% 2.4%
NOV - 8.7% 4.3% 0.3% 8.9% (0.1)%
DEC - 2.6% (1.5)% 2.9% 2.9% 1.5%
YTD 3.0% 14.9% (2.0)% 21.5% 8.9% 12.8%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
28 Mar 2024 02 Apr 2024 103.56 42.11 61.46
29 Sep 2023 02 Oct 2023 158.96 72.61 86.34
31 Mar 2023 03 Apr 2023 130.27 36.62 93.65
30 Sep 2022 03 Oct 2022 185.11 80.22 104.89
RISK STATISTICS SINCE LAUNCH
FUND PEER GROUP AVERAGE
Annualised Deviation 13.0% 10.2%
Maximum Drawdown (34.3)% (18.8)%
Maximum Gain 57.9% 29.5%
Positive Months 67.0% 64.9%
Sharpe Ratio 0.3% 0.3%
BEST AND WORST PERFORMANCE PERIODS
Best Performing 12 months 49.3% Aug 2004 - Jul 2005
Worst Performing 12 months (17.4)% Sep 1997 - Aug 1998
TOP 10 HOLDINGS
AS AT 31 March 2024 % OF FUND
Naspers Ltd 3.5%
Cie Financiere Richemont Ag 3.0%
FirstRand Limited 2.1%
Capitec Bank Ltd 2.0%
Bid Corp Ltd 1.8%
Mondi Limited 1.6%
Dis-Chem Pharmacies Ltd 1.6%
Prosus 1.4%
British American Tobacco Plc 1.3%
Anglogold Ashanti Ltd 1.1%
FEES (EXCL.VAT)
INITIAL FEE Coronation: 0.00%
ANNUAL MANAGEMENT FEE

1.25%

The fund charges a fixed annual management fee, to ensure a simple and understandable fee structure. The annual management fee is accrued daily and paid monthly.

TOTAL EXPENSE RATIO (TER) 1.64% per annum
TRANSACTION COSTS 0.18
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% and 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.