Global Strategic USD Income [ZAR] Feeder

Global - Multi-Asset - Income

Asset allocation across yielding asset classes globally with a US dollar bias

GENERAL INVESTOR REPORT

FUND DESCRIPTION:

Asset allocation across yielding asset classes globally with a US dollar bias.

INVESTOR PROFILE:

The fund is suitable for investors who are: Looking for an intelligent alternative to US dollar bank deposits. Who believe in the benefits of active management in the fixed interest universe. Seeking managed exposure to income-generating investments. Seeking additional foreign exposure without using their offshore allowance.

BENCHMARK:

110% of Secured Overnight Financing Rate (SOFR)

FUND MANAGER:

Nishan Maharaj and Seamus Vasey

LAUNCH DATE: 30 August 2013
FUND SIZE: R 2.36 billion
NAV (19 April 2024): 226.99
NUMBER OF A - UNITS: 190046965.89
TIME HORIZON: 1 year +
RISK RATING:

The fund aims to achieve a higher return than a US dollar term bank deposit. While the fund is managed in a conservative and defensive manner, it is not guaranteed to always outperform cash over short periods of time.

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PERFORMANCE FOR VARIOUS PERIODS AFTER FEES
FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 125.1% 117.1% 8.1%
Since Launch (annualised) 8.0% 7.6% 0.4%
Latest 10 years (annualised) 7.9% 7.8% 0.1%
Latest 5 years (annualised) 7.8% 7.6% 0.2%
Latest 3 years (annualised) 10.9% 11.3% (0.4)%
Latest 1 year 13.3% 11.2% 2.1%
Year to date 4.3% 3.5% 0.8%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2024 2023 2022 2021 2020 2019 2018
JAN 1.6% 3.5% (3.1)% 2.4% 6.2% (6.4)% (3.5)%
FEB 3.2% 5.5% (0.7)% 0.2% 4.5% 5.7% (1.5)%
MAR (0.5)% (3.4)% (6.1)% (1.6)% 9.7% 3.7% 0.7%
APR - 3.6% 8.0% (1.4)% 5.2% (0.4)% 5.0%
MAY - 8.3% (1.6)% (5.1)% (3.1)% 1.4% 1.9%
JUN - (4.2)% 4.1% 4.0% (0.9)% (2.8)% 8.1%
JUL - (5.0)% 2.1% 2.5% (1.4)% 0.7% (4.0)%
AUG - 6.5% 2.5% (0.9)% (0.1)% 6.8% 11.3%
SEP - (0.5)% 4.1% 3.8% (1.8)% 0.5% (3.0)%
OCT - (0.8)% 2.3% 1.0% (1.9)% 0.2% 4.6%
NOV - 2.5% (6.9)% 4.6% (5.1)% (2.9)% (7.3)%
DEC - (1.4)% 1.3% 0.2% (3.8)% (3.7)% 4.3%
YTD 4.3% 14.6% 5.0% 9.7% 6.5% 2.0% 16.0%
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 0.00 0.00 0.00
RISK STATISTICS SINCE LAUNCH
FUND BENCHMARK
Annualised Deviation 14.0% 14.5%
Maximum Drawdown (23.2)% (25.6)%
Maximum Gain 30.7% 33.0%
Positive Months 55.1% 52.8%
Sharpe Ratio 0.0% 0.0%
BEST AND WORST PERFORMANCE PERIODS
Best Performing 12 months 36.7% Feb 2015 - Jan 2016
Worst Performing 12 months (15.4)% Mar 2016 - Feb 2017
FEES (EXCL.VAT)
INITIAL FEE Coronation: 0.00%
ANNUAL MANAGEMENT FEE

0.80%

An annual fee of 0.80% is payable. Of the annual fee, 0.3% 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.

TOTAL EXPENSE RATIO (TER) 0.92% per annum
TRANSACTION COSTS 0.01
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.