Capital Plus

South African - Multi Asset - High Equity

Balancing long-term returns with short-term risk

GENERAL INVESTOR REPORT

FUND DESCRIPTION:

Focused on providing a growing regular income. Ideal for investors in retirement.

INVESTOR PROFILE:

The fund is suitable for investors: Seeking a risk-conscious investment solution enabling an annual income drawdown over an extended period of time. Seeking a conservative investment solution with a strong focus on managing downside risk. Requiring a reasonable rate of return over investment horizons of between 3 and 5 years. With a low tolerance for the volatility of returns associated with equity investing. When your objective is to accumulate capital over the long term, the fund is only suitable if you are a very conservative investor.

BENCHMARK:

CPI + 4% p.a.

FUND MANAGER:

Charles de Kock, Pallavi Ambekar and Neill Young

LAUNCH DATE: 02 July 2001
FUND SIZE: R13.51 billion
NAV (27 September 2021): 4,603.04
NUMBER OF A - UNITS: 35383841.66
TIME HORIZON: 3 years +
REGULATION 28: Yes
RISK RATING:

The fund remains the top performing fund in its category since launch in 2001 and outperformed inflation by 5.8% p.a. (after fees) over this period.

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PERFORMANCE FOR VARIOUS PERIODS AFTER FEES
FUND BENCHMARK PEER GROUP AVERAGE
Since Launch (unannualised) 790.1% 539.6% 699.7%
Since Launch (annualised) 11.4% 9.6% 10.9%
Latest 20 years (annualised) 11.4% 9.6% 10.7%
Latest 15 years (annualised) 9.2% 9.6% 8.0%
Latest 10 years (annualised) 8.5% 9.0% 8.5%
Latest 5 years (annualised) 5.8% 8.4% 6.0%
Latest 3 years (annualised) 6.6% 8.1% 6.3%
Latest 1 year 16.6% 8.8% 14.0%
Year to date 10.9% 6.8% 10.8%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2021 2020 2019 2018 2017 2016 2015 2014
JAN 2.7% 0.8% 1.6% (0.3)% 1.3% (1.7)% 1.5% (0.3)%
FEB 2.8% (4.0)% 2.7% (1.2)% (0.0)% 0.5% 1.9% 0.8%
MAR 0.3% (9.2)% 1.4% (1.1)% 1.4% 3.0% (0.5)% 1.0%
APR 1.4% 7.8% 2.5% 2.8% 1.6% 0.9% 2.3% 1.3%
MAY 0.1% 1.8% (2.6)% (1.1)% (0.3)% 3.0% (0.9)% 1.8%
JUN 0.6% 1.8% 1.2% 2.4% (1.6)% (2.4)% (1.0)% 1.2%
JUL 1.5% 1.3% 0.2% (0.3)% 2.8% 0.9% 0.6% 1.0%
AUG 1.0% 2.1% (0.1)% 3.0% 0.4% 1.9% (1.1)% 0.4%
SEP - (1.7)% 1.0% (2.4)% 1.0% (1.3)% (1.1)% (0.7)%
OCT - (1.5)% 1.3% (1.8)% 3.0% (1.7)% 3.6% 0.0%
NOV - 6.3% (0.8)% (2.4)% (0.9)% 0.9% (1.6)% 1.1%
DEC - 2.2% 0.7% 0.1% (1.8)% 0.3% 0.9% 0.4%
YTD 10.9% 6.8% 9.2% (2.5)% 6.9% 4.3% 4.6% 8.1%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
30 Jun 2021 01 Jul 2021 33.89 9.89 24.00
31 Mar 2021 01 Apr 2021 22.85 6.00 16.85
31 Dec 2020 04 Jan 2021 65.37 40.43 24.93
30 Sep 2020 01 Oct 2020 32.97 12.28 20.69
RISK STATISTICS SINCE LAUNCH
FUND BENCHMARK
Annualised Deviation 7.3% 1.5%
Downside Deviation 4.8% 0.0%
Maximum Drawdown (12.8)% (1.1)%
Maximum Gain 29.5% 26.9%
Positive Months 68.6% 91.3%
Sharpe Ratio 0.5% 1.2%
BEST AND WORST PERFORMANCE PERIODS
Best Performing 12 months 33.8% Aug 2004 - Jul 2005
Worst Performing 12 months (9.3)% Apr 2019 - Mar 2020
TOP 10 HOLDINGS
AS AT 30 June 2021 % OF FUND
Naspers Ltd 3.9%
Anglo American Plc 3.7%
Egerton Capital Equity Fund 3.1%
British American Tobacco Plc 2.8%
FirstRand Limited 1.9%
Contrarius Global Equity Fund 1.9%
Lansdowne Capital 1.9%
Tremblant Capital 1.9%
Select Equity Group 1.8%
Cimi Global Opp Equity Strategy 1.4%
FEES (EXCL.VAT)
INITIAL FEE Coronation: 0.00%
ANNUAL MANAGEMENT FEE

1.15%

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) 1.59% per annum, which includes a performance fee of 0.00%
TRANSACTION COSTS 0.08
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.