Global Emerging Markets Flexible [ZAR]

Global - Multi Asset - Flexible

Exposure to emerging market equities

GENERAL INVESTOR REPORT

FUND DESCRIPTION:

Best investment view across emerging markets.

INVESTOR PROFILE:

The fund is suitable for investors: Looking for exposure to emerging markets assets. Who are in their wealth build-up phase and require little income yield in the short term. Seeking a diversification of returns within a total investment solution. Able to withstand short-term market fluctuations in pursuit of maximum total returns over the long term.

BENCHMARK:

MSCI  Emerging Markets Index (ZAR)

FUND MANAGER:

Gavin Joubert, Suhail Suleman and Iakovos Mekios

LAUNCH DATE: 28 December 2007
FUND SIZE: R 5.85 billion
NAV (24 May 2024): 345.31
NUMBER OF A - UNITS: 115489878.23
TIME HORIZON: 5 years +
RISK RATING:

The Fund aims to give investors access to the best opportunities in emerging equity markets.

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PERFORMANCE FOR VARIOUS PERIODS AFTER FEES
FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 254.7% 251.9% 2.8%
Since Launch (annualised) 8.1% 8.0% 0.1%
Latest 15 years (annualised) 10.4% 11.5% (1.1)%
Latest 10 years (annualised) 6.0% 9.2% (3.2)%
Latest 5 years (annualised) 4.0% 7.6% (3.6)%
Latest 3 years (annualised) (3.9)% 2.8% (6.8)%
Latest 2 years (annualised) 17.6% 10.5% 7.1%
Latest 1 year 15.6% 12.9% 2.7%
Year to date 7.7% 5.6% 2.1%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2024 2023 2022 2021
JAN (1.9)% 13.7% (7.5)% 4.4%
FEB 7.7% (1.9)% (13.4)% 0.6%
MAR 2.3% (1.4)% (11.8)% (2.2)%
APR (0.4)% 1.1% (0.5)% (1.4)%
MAY - 3.6% (1.3)% (5.0)%
JUN - 1.6% (2.7)% 3.5%
JUL - 2.5% 6.0% (5.6)%
AUG - (1.2)% 2.1% 0.1%
SEP - (4.4)% (5.0)% (1.6)%
OCT - (5.3)% (0.4)% 2.7%
NOV - 10.5% 8.4% (1.2)%
DEC - 0.8% 1.0% (1.6)%
YTD 7.7% 19.3% (24.4)% (7.5)%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
31 Mar 2024 31 Mar 2024 0.00 0.00 0.00
28 Mar 2024 02 Apr 2024 0.00 0.00 0.00
30 Sep 2023 30 Sep 2023 0.00 0.00 0.00
29 Sep 2023 02 Oct 2023 0.67 0.66 0.01
RISK STATISTICS SINCE LAUNCH
FUND BENCHMARK
Annualised Deviation 17.2% 15.1%
Annualised Return 8.1% 8.0%
Maximum Drawdown (40.6)% (44.2)%
Maximum Gain 25.5% 36.4%
Positive Months 55.1% 55.6%
Sharpe Ratio 0.0% 0.0%
BEST AND WORST PERFORMANCE PERIODS
Best Performing 12 months 49.7% Mar 2009 - Feb 2010
Worst Performing 12 months (37.5)% Mar 2008 - Feb 2009
TOP 10 HOLDINGS
AS AT 31 March 2024 % OF FUND
Taiwan Semiconductor Man 5.6%
Hdfc Bank Limited 4.2%
Airbus Group Se 3.7%
Jd.com Inc 3.3%
Prosus Nv 3.3%
Bank Mandiri Tbk Pt 3.2%
Sendas Distribuidora Sa-w/i 2.6%
Pdd Holdings Inc 2.6%
3r Petroleum Oleo E Gas Sa 2.5%
Northeast Utilities 2.4%
FEES (EXCL.VAT)
INITIAL FEE Coronation: 0.00%
ANNUAL MANAGEMENT FEE

1.15%

An annual fee of a minimum of 1.00% and a maximum of 2.40%, depending
on the fund’s performance, is payable.

If fund performance equals that of the benchmark (after fees and costs), a fee of 1.15% will be charged. We share in 20% of performance above the benchmark, up to a total annual fee of 2.40%. Performance is measured over a rolling 24-month period.

If the fund underperforms the benchmark over any 60-month period, the fee is reduced by 0.15%.

Fund expenses that are incurred in the fund include administrative, trading, custody and audit charges. All performance information is disclosed after deducting all fees and other portfolio costs. We do not charge any fees to access or withdraw from the fund.

TOTAL EXPENSE RATIO (TER) 1.34% per annum, which includes a performance fee of -0.07%
TRANSACTION COSTS 0.23
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.