Equity

South African - Equity - General

Maximising long term returns through exposure to listed equities

GENERAL INVESTOR REPORT

FUND DESCRIPTION:

Invests in selected SA and some global equities and offers more diversification than the Top 20 fund.

INVESTOR PROFILE:

The fund is suitable for investors who are building wealth, and who are comfortable with a large exposure to shares listed in South Africa and do not require an income in the short term. The fund is less concentrated than the Coronation Top 20 Fund, making it more suitable for investors holding only one equity fund.The fund may underperform the market in the short term in pursuit of superior long-term gains.

BENCHMARK:

Composite: 87.5% SA equity, 12.5% International equity

FUND MANAGER:

Karl Leinberger and Sarah-Jane Alexander

LAUNCH DATE: 15 April 1996
FUND SIZE: R 8.38 billion
NAV (23 September 2021): 20,987.51
NUMBER OF A - UNITS: 4658898.92
TIME HORIZON: 5 years +
REGULATION 28: No
RISK RATING:

The fund seeks to maximise long-term capital appreciation, therefore outperforming the benchmark by 2.6% p.a since launch in 1996 and has been top quartile performer since launch.

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PERFORMANCE FOR VARIOUS PERIODS AFTER FEES
FUND BENCHMARK PEER GROUP AVERAGE
Since Launch (unannualised) 3,554.2% 2,016.0% 1,643.5%
Since Launch (annualised) 15.3% 12.8% 11.8%
Latest 20 years (annualised) 15.4% 14.6% 13.3%
Latest 15 years (annualised) 12.5% 12.1% 9.4%
Latest 10 years (annualised) 12.2% 12.6% 9.3%
Latest 5 years (annualised) 8.4% 9.2% 5.6%
Latest 3 years (annualised) 10.6% 9.4% 6.1%
Latest 1 year 26.1% 27.4% 27.5%
Year to date 14.4% 18.4% 18.0%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2021 2020 2019 2018 2017
JAN 3.2% 0.2% 2.9% 0.9% 3.2%
FEB 6.4% (8.5)% 4.7% (2.6)% (0.4)%
MAR 2.4% (9.9)% 2.8% (3.4)% 2.4%
APR 0.5% 12.7% 3.1% 4.2% 4.0%
MAY 0.1% 0.0% (6.2)% (4.0)% (0.6)%
JUN (1.1)% 5.4% 2.9% 2.2% (3.4)%
JUL 1.0% 1.9% (0.5)% (0.5)% 6.1%
AUG 1.2% 3.6% (1.4)% 2.4% 1.4%
SEP - (2.4)% 1.5% (3.9)% 0.5%
OCT - (3.6)% 3.7% (4.0)% 5.8%
NOV - 12.7% 0.5% (5.3)% 0.6%
DEC - 4.0% 2.5% 1.3% (3.1)%
YTD 14.4% 14.2% 17.2% (12.6)% 17.1%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
31 Mar 2021 01 Apr 2021 300.50 298.39 2.12
30 Sep 2020 01 Oct 2020 171.35 169.38 1.96
31 Mar 2020 01 Apr 2020 177.30 168.68 8.62
30 Sep 2019 01 Oct 2019 215.79 208.40 7.39
RISK STATISTICS SINCE LAUNCH
FUND BENCHMARK
Annualised Deviation 15.3% 17.4%
Maximum Drawdown (35.1)% (41.0)%
Maximum Gain 47.6% 43.5%
Positive Months 63.2% 63.2%
Sharpe Ratio 0.4% 0.2%
BEST AND WORST PERFORMANCE PERIODS
Best Performing 12 months 62.5% Aug 2004 - Jul 2005
Worst Performing 12 months (28.7)% Mar 2008 - Feb 2009
TOP 10 HOLDINGS
AS AT 30 June 2021 % OF FUND
Anglo American Plc 7.7%
FirstRand Limited 5.6%
Naspers Ltd 5.2%
Glencore Xstrata Plc 5.0%
Prosus 4.3%
Quilter plc 3.6%
British American Tobacco Plc 3.4%
Bid Corp Ltd 2.6%
Momentum Metropolitan Holdings 2.3%
Northam Platinum Ltd 2.2%
FEES (EXCL.VAT)
INITIAL FEE Coronation: 0.00%
ANNUAL MANAGEMENT FEE

Minimum - standard: 1.10%
Minimum - discounted: 0.75%
Maximum: 2.60% 
Sharing Rate: 20.00%

An annual fee of a minimum of 0.75% and a maximum of 2.6%, depending on the fund’s performance, is payable. If the fund’s return (after fees and costs) is equal to that of the benchmark, a fee of 1.10% will be charged. We share in 20% of the performance above the benchmark, up to a total annual fee of 2.6%. Performance is measured over a rolling 24-month period. When the fund return is below the benchmark over a rolling 60-month period the fee is discounted to 0.75%. All fees exclude VAT. 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 fund costs. We do not charge fees to access or withdraw from the fund.

TOTAL EXPENSE RATIO (TER) 1.21% per annum, which includes a performance fee of -0.06%
TRANSACTION COSTS 0.23
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.