Global Capital Plus [ZAR] Feeder

Global - Multi Asset - Low Equity

Diversified exposure to global assets with a focus on capital preservation

GENERAL INVESTOR REPORT

FUND DESCRIPTION:

Returns in excess of international cash while preserving capital in US dollars over any 12 months.

INVESTOR PROFILE:

The fund is suitable for investors: Who want conservatively managed exposure to offshore markets. Who are over-exposed to South African investments and seek to diversify their portfolios into a conservatively constructed offshore fund. Seeking exposure to foreign asset markets to access a broader opportunity set. Aiming to better match their existing investment portfolios to their expected future liabilities that are priced in foreign currency terms (examples include healthcare and energy costs). Seeking additional foreign exposure without using their offshore allowance.

BENCHMARK:

Secured Overnight Financing Rate (SOFR) + 1.5%

FUND MANAGER:

Neil Padoa

LAUNCH DATE: 01 November 2008
FUND SIZE: R 3.46 billion
NAV (27 March 2024): 401.44
NUMBER OF A - UNITS: 78078513.73
TIME HORIZON: 3 years +
RISK RATING:

The fund has outperformed Secured Overnight Financing Rate (SOFR) + 1.5% since launch in 2008.

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PERFORMANCE FOR VARIOUS PERIODS AFTER FEES
FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 287.7% 180.6% 107.1%
Since Launch (annualised) 9.2% 7.0% 2.3%
Latest 15 years (annualised) 9.6% 6.8% 2.9%
Latest 10 years (annualised) 8.7% 8.0% 0.7%
Latest 5 years (annualised) 10.5% 10.0% 0.4%
Latest 3 years (annualised) 10.9% 12.5% (1.6)%
Latest 1 year 12.4% 11.5% 0.9%
Year to date 5.4% 5.9% (0.5)%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2024 2023 2022 2021 2020 2019
JAN 1.8% 6.5% (4.3)% 1.7% 6.0% (4.0)%
FEB 3.6% 4.4% 0.3% 1.1% 2.6% 7.0%
MAR - (3.1)% (4.2)% (1.1)% 5.6% 4.2%
APR - 4.0% 5.0% 0.3% 7.1% 0.9%
MAY - 8.0% (2.0)% (4.3)% (2.6)% (0.5)%
JUN - (4.1)% 1.2% 3.9% (0.9)% (1.5)%
JUL - (4.1)% 3.2% 2.6% (0.3)% 2.1%
AUG - 5.9% 1.6% (1.6)% 1.1% 5.6%
SEP - (1.7)% 0.1% 1.9% (3.0)% 1.0%
OCT - (2.4)% 4.4% 2.4% (3.4)% 1.3%
NOV - 4.7% (4.7)% 3.1% (1.0)% (2.1)%
DEC - (0.1)% 0.4% 1.5% (2.6)% (2.7)%
YTD 5.4% 18.5% 0.4% 11.8% 8.2% 11.3%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
30 Sep 2023 30 Sep 2023 0.00 0.00 0.00
29 Sep 2023 02 Oct 2023 0.00 0.00 0.00
31 Mar 2023 03 Apr 2023 0.00 0.00 0.00
30 Mar 2023 03 Apr 2023 0.00 0.00 0.00
RISK STATISTICS SINCE LAUNCH
FUND BENCHMARK
Annualised Deviation 12.7% 14.3%
Maximum Drawdown (19.6)% 0.0%
Maximum Gain 23.7% 0.0%
Positive Months 58.2% 0.0%
Sharpe Ratio 0.3% 0.0%
BEST AND WORST PERFORMANCE PERIODS
Best Performing 12 months 34.8% Jun 2012 - May 2013
Worst Performing 12 months (10.6)% Jun 2016 - May 2017
FEES (EXCL.VAT)
INITIAL FEE Coronation: 0.00%
ANNUAL MANAGEMENT FEE

1.25%

An annual fee of 1.25% is payable.Of the annual fee 0.40% is collected at feeder fund level, while the balance of the fee is collected in the master fund. All fees exclude VAT. Fund expenses incurred in the fund include fees payable to unconnected international fund managers on a portion of assets situated offshore as well as 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) 1.41% per annum
TRANSACTION COSTS 0.05
ADVICE COSTS (EXCLUDING VAT)

Coronation does not provide financial advice. If you appoint an adviser, advice fees are contracted directly between you and the adviser. We will facilitate the collection of advice fees only upon receiving your instruction, up to a maximum of an initial fee of 3.00% and an ongoing fee of 1.00% per annum (where an initial advice fee of more than 1.50% is selected, the maximum annual advice fee that we will collect is 0.50%). Advice fees are usually collected through the redemption of units. You may cancel the instruction to facilitate the payment of advice fees at any time. Advisers will only share in Coronation fees subject to prior approval by and/or disclosure to the investor. A portion of Coronation’s annual management fee may be paid to administration platforms such as Linked Investment Service Providers (LISPs) as a payment for administration and distribution services.