Industrial

South African - Equity - Industrial

Category-specific exposure to industrial category equities

GENERAL INVESTOR REPORT

FUND DESCRIPTION:

A sector-specific portfolio of our top industrial stock picks.

INVESTOR PROFILE:

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

BENCHMARK:

 FTSE/JSE Industrial Index

FUND MANAGER:

Tumisho Motlanthe and Nicholas Hops

LAUNCH DATE: 01 July 1998
FUND SIZE: R 759.78 million
NAV (21 April 2021): 20,973.92
NUMBER OF P - UNITS: 3703310.72
TIME HORIZON: 5 years +
REGULATION 28: No
RISK RATING:

The fund outperformed the FTSE/JSE Industrial Index since launch in 1998 by 2.4% p.a. and the fund has been a top quartile performer since inception.

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PERFORMANCE FOR VARIOUS PERIODS AFTER FEES
FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 3,100.4% 1,861.1% 1,239.4%
Since Launch (annualised) 16.5% 14.0% 2.5%
Latest 20 years (annualised) 18.5% 16.5% 2.0%
Latest 15 years (annualised) 14.0% 14.4% (0.4)%
Latest 10 years (annualised) 13.8% 13.8% 0.1%
Latest 5 years (annualised) 4.8% 5.5% (0.7)%
Latest 3 years (annualised) 7.1% 7.3% (0.1)%
Latest 1 year 41.6% 38.2% 3.5%
Year to date 14.9% 13.0% 1.9%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2021 2020 2019 2018
JAN 8.4% 2.0% 1.3% (1.2)%
FEB 2.6% (9.1)% 2.9% (3.2)%
MAR 3.2% (3.6)% 3.5% (5.0)%
APR - 10.6% 5.7% 5.0%
MAY - (2.0)% (6.3)% (4.3)%
JUN - 7.6% 2.6% 4.1%
JUL - (1.4)% 2.6% (1.9)%
AUG - 0.7% (3.1)% 0.3%
SEP - (1.3)% 0.2% (8.7)%
OCT - 1.7% (0.2)% (6.8)%
NOV - 5.8% (0.8)% (0.8)%
DEC - 0.2% 1.9% 1.4%
YTD 14.9% 10.3% 10.2% (20.0)%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
31 Mar 2021 01 Apr 2021 671.21 669.91 1.30
30 Sep 2020 01 Oct 2020 216.87 216.87 0.00
31 Mar 2020 01 Apr 2020 198.89 193.52 5.37
30 Sep 2019 01 Oct 2019 63.50 62.86 0.64
RISK STATISTICS SINCE LAUNCH
FUND BENCHMARK
Annualised Deviation 15.3% 17.5%
Maximum Drawdown (31.6)% (38.5)%
Maximum Gain 55.8% 61.7%
Positive Months 64.5% 63.7%
Sharpe Ratio 0.5% 0.3%
BEST AND WORST PERFORMANCE PERIODS
Best Performing 12 months 68% Jan 1999 - Dec 1999
Worst Performing 12 months (26.2)% Dec 2017 - Nov 2018
TOP 10 HOLDINGS
AS AT 31 March 2021 % OF FUND
Naspers Ltd 36.1%
Prosus 8.3%
British American Tobacco Plc 7.6%
MTN Group Ltd 4.3%
Compagnie Financiere Richemont SA 4.0%
Spar Group Ltd 3.9%
Aspen Phamacare Holdings Ltd 3.6%
Bid Corp Ltd 3.3%
Advtech Ltd 2.7%
Anheuser-Busch Inbev SA/NV 2.6%
FEES (EXCL.VAT)
INITIAL FEE Coronation: 0.00%
ANNUAL MANAGEMENT FEE

1.00%

An annual fee of 1% (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) 1.16% per annum, which includes a performance fee of 0.00%
TRANSACTION COSTS 0.13
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.