Financial

South African - Equity - Financial

Category -specific exposure to financial services equities

GENERAL INVESTOR REPORT

FUND DESCRIPTION:

A sector-specific portfolio of our top financial services stock picks.

INVESTOR PROFILE:

The fund is suitable for investors: Seeking to broaden their equity exposure by including a financial services fund. Who believe that the financial services category offers compelling value. That are not utilising the fund as a single investment but as part of a diversified portfolio.

BENCHMARK:

FTSE/JSE Financial Index

FUND MANAGER:

Neill Young and Godwill Chahwahwa

LAUNCH DATE: 01 July 1998
FUND SIZE: R 225.01 million
NAV (21 April 2021): 4,531.24
NUMBER OF A - UNITS: 2393699.54
TIME HORIZON: 5 years +
REGULATION 28: No
RISK RATING:

The fund aims to maximise long-term growth investing in the financial services industry, therefore outperformed the FTSE/JSE Shared Financial Index since launch in 1998 by 1.7% p.a.

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PERFORMANCE FOR VARIOUS PERIODS AFTER FEES
FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 835.4% 566.7% 268.7%
Since Launch (annualised) 10.3% 8.7% 1.6%
Latest 20 years (annualised) 11.8% 10.8% 1.1%
Latest 15 years (annualised) 8.1% 7.7% 0.4%
Latest 10 years (annualised) 7.8% 8.5% (0.7)%
Latest 5 years (annualised) (2.1)% (1.8)% (0.4)%
Latest 3 years (annualised) (7.9)% (7.5)% (0.4)%
Latest 1 year 38.3% 37.5% 0.8%
Year to date 3.5% 3.6% (0.1)%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2021 2020 2019 2018
JAN (2.6)% (5.0)% 3.3% (0.5)%
FEB 3.7% (8.6)% (0.2)% 3.8%
MAR 2.5% (28.4)% (3.7)% (2.8)%
APR - 13.2% 6.1% 3.6%
MAY - (2.8)% (3.6)% (5.3)%
JUN - 3.6% 0.9% (2.5)%
JUL - 2.3% (7.4)% 4.0%
AUG - (3.2)% (4.5)% 1.1%
SEP - 1.0% 4.4% (1.9)%
OCT - (5.8)% 3.3% (3.2)%
NOV - 16.1% (2.4)% (2.2)%
DEC - 7.2% 1.2% 0.7%
YTD 3.5% (16.9)% (3.4)% (5.6)%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
31 Mar 2021 01 Apr 2021 8.50 8.39 0.11
30 Sep 2020 01 Oct 2020 312.81 311.63 1.18
30 Sep 2019 01 Oct 2019 163.21 159.76 3.45
29 Mar 2019 01 Apr 2019 36.05 34.58 1.47
RISK STATISTICS SINCE LAUNCH
FUND BENCHMARK
Annualised Deviation 19.7% 21.0%
Maximum Drawdown (45.4)% (45.3)%
Maximum Gain 53.6% 80.4%
Positive Months 59.3% 60.1%
Sharpe Ratio 0.1% 0.0%
BEST AND WORST PERFORMANCE PERIODS
Best Performing 12 months 63% Aug 2004 - Jul 2005
Worst Performing 12 months (39.5)% Apr 2019 - Mar 2020
TOP 10 HOLDINGS
AS AT 31 March 2021 % OF FUND
FirstRand Limited 20.0%
Standard Bank Group Ltd 12.7%
Sanlam Limited 8.1%
ABSA Group Limited 7.4%
Nedbank Group Ltd 6.8%
Quilter plc 6.7%
RMI Holdings 5.1%
Ninety One PLC 5.1%
Investec Limited 4.6%
Momentum Metropolitan Holdings 3.9%
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) 1.46% per annum, which includes a performance fee of 0.00%
TRANSACTION COSTS 0.16
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.