Global Equity Select [ZAR] Feeder

Global - Equity - General

Exposure to global equities with a developed market bias

GENERAL INVESTOR REPORT

FUND DESCRIPTION:

Best investment view across global equity markets.

INVESTOR PROFILE:

The fund is suitable for: Investors who are building wealth, and are comfortable with full exposure to shares listed in global markets outside South Africa. Accept that the fund may underperform the market significantly in the short term in pursuit of superior long-term gains. Hold other investments and are looking to add exposure to global equity markets. Do not require an income from their investment.

BENCHMARK:

MSCI All Country World Index

FUND MANAGER:

Neil Padoa and Humaira Surve

LAUNCH DATE: 30 April 2015
FUND SIZE: R 1.07 billion
NAV (23 September 2021): 186.61
NUMBER OF A - UNITS: 126412674.18
TIME HORIZON: 10 years +
REGULATION 28: No
RISK RATING:

The fund continues to seek attractively valued shares to maximise long-term growth

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PERFORMANCE FOR VARIOUS PERIODS AFTER FEES
FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 89.9% 136.0% (46.1)%
Since Launch (annualised) 10.7% 14.5% (3.9)%
Latest 5 years (annualised) 11.2% 14.0% (2.8)%
Latest 3 years (annualised) 11.9% 13.9% (2.1)%
Latest 1 year 4.1% 10.3% (6.1)%
Year to date 8.4% 14.6% (6.2)%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2021 2020 2019 2018 2017
JAN 1.2% 5.8% 1.9% 1.1% 1.7%
FEB 5.0% (3.5)% 10.6% (6.7)% 1.5%
MAR 1.3% (3.9)% 3.9% (5.2)% 3.3%
APR 3.1% 15.3% 4.6% 4.4% 3.5%
MAY (5.7)% (1.1)% (5.1)% 1.1% (0.4)%
JUN 4.6% 0.1% 2.1% 8.4% (1.5)%
JUL 0.1% 2.9% 4.4% (0.4)% 4.7%
AUG (1.1)% 6.4% 2.5% 11.4% (2.9)%
SEP - (7.1)% 0.7% (3.5)% 5.3%
OCT - (3.1)% 4.8% (4.2)% 5.9%
NOV - 8.4% 1.0% (5.3)% (3.8)%
DEC - (1.5)% (1.1)% (6.4)% (5.5)%
YTD 8.4% 17.7% 33.9% (6.9)% 11.4%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
Not Available Not Available N/A N/A N/A
RISK STATISTICS SINCE LAUNCH
FUND BENCHMARK
Annualised Deviation 18.4% 15.3%
Maximum Drawdown (18.7)% (14.7)%
Maximum Gain 24.5% 18.0%
Positive Months 59.2% 57.9%
Sharpe Ratio 0.3% 0.7%
TOP 10 HOLDINGS
AS AT 30 June 2021 % OF FUND
Charter Communication A 4.5%
Facebook Inc. 4.4%
Alphabet Inc 4.2%
Philip Morris Int Inc 3.7%
JD.com Inc Adr 3.5%
Airbus Group Se 3.5%
Alibaba Group Holding 3.4%
Visa Inc 3.4%
Naspers Ltd 3.4%
NETFLIX INC 2.7%
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.

Only the component of the fund fee charged at feeder fund level is subject to VAT.

The current provision for a fee discount of 0.35% p.a. if the fund underperforms its benchmark over any rolling 60-month period, will continue to apply to the new fixed fee until 31 March 2021

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 fund costs. We do not charge fees to access or withdraw from the fund.

TOTAL EXPENSE RATIO (TER) 1.27% per annum, which includes a performance fee of 0.00%
TRANSACTION COSTS 0.16
ADVICE COSTS (EXCLUDING VAT)

An annual fee of a minimum of 0.90% and a maximum of 2.50%, depending on the fund’s performance, is payable. If fund performance equals that of the benchmark (after fees and costs), a fee of 1.25% will be charged. We share in 20% of performance above the benchmark, up to a total annual fee of 2.50%. Performance is measured over a rolling 24-month period. When the fund underperforms the benchmark over any 60-month period, the fee is reduced to 0.90%. Of the annual fee, 0.5% is collected at feeder fund level, while the balance of the fee is collected in the master fund. The component of the fund fee charged at feeder fund level is subject to VAT. Other costs 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.