Money Market

South African - Interest Bearing - Money Market

Our lowest risk fund providing exposure to short-dated yielding assets

GENERAL INVESTOR REPORT

FUND DESCRIPTION:

Our lowest risk fund providing exposure to short-dated yielding assets.

INVESTOR PROFILE:

The fund is suitable for investors who are: Seeking an alternative to bank deposits and/or a short-term parking place for their capital. Who focus on capital preservation whilst not seeking long-term capital growth. Who wish to diversify their portfolios away from equities, specifically those who favour more stable returns within the fixed interest universe.

BENCHMARK:

Alexander Forbes STeFI 3-month Index

FUND MANAGER:

Nishan Maharaj, Mauro Longano and Sinovuyo Ndaleni

LAUNCH DATE: 01 October 1999
FUND SIZE: R 7.96 billion
NAV (19 April 2024): 8.84
NUMBER OF A - UNITS: 1742219936.58
TIME HORIZON: 1 month +
RISK RATING:

The fund is tactically managed to achieve the best possible return achievable from short maturity money market instruments, while aiming to protect capital at all times. The fund has been a top quartile performer since launch in 1999.

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PERFORMANCE FOR VARIOUS PERIODS AFTER FEES
FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 532.3% 491.5% 40.8%
Since Launch (annualised) 7.8% 7.5% 0.3%
Latest 20 years (annualised) 7.1% 6.8% 0.4%
Latest 15 years (annualised) 6.6% 6.1% 0.5%
Latest 10 years (annualised) 6.8% 6.1% 0.6%
Latest 5 years (annualised) 6.2% 5.6% 0.6%
Latest 3 years (annualised) 6.4% 5.8% 0.6%
Latest 1 year 8.6% 8.2% 0.4%
Year to date 2.1% 2.0% 0.1%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2024 2023 2022 2021 2020 2019
JAN 0.7% 0.6% 0.4% 0.3% 0.6% 0.6%
FEB 0.7% 0.6% 0.3% 0.3% 0.6% 0.6%
MAR 0.7% 0.6% 0.4% 0.3% 0.6% 0.7%
APR - 0.6% 0.4% 0.3% 0.5% 0.6%
MAY - 0.7% 0.4% 0.3% 0.5% 0.7%
JUN - 0.7% 0.4% 0.3% 0.4% 0.6%
JUL - 0.7% 0.4% 0.3% 0.4% 0.6%
AUG - 0.7% 0.5% 0.3% 0.4% 0.6%
SEP - 0.7% 0.5% 0.4% 0.3% 0.6%
OCT - 0.7% 0.6% 0.3% 0.3% 0.6%
NOV - 0.7% 0.6% 0.3% 0.3% 0.6%
DEC - 0.7% 0.6% 0.4% 0.3% 0.6%
YTD 2.1% 8.3% 5.6% 4.0% 5.4% 7.8%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
31 Mar 2024 02 Apr 2024 0.71 0.00 0.71
29 Feb 2024 01 Mar 2024 0.66 0.00 0.66
31 Jan 2024 01 Feb 2024 0.70 0.00 0.70
31 Dec 2023 02 Jan 2024 0.70 0.00 0.70
RISK STATISTICS SINCE LAUNCH
FUND BENCHMARK
Annualised Deviation 0.6% 0.7%
Maximum Drawdown 0.0% 0.0%
Maximum Gain 532.3% 0.0%
Positive Months 100.0% 0.0%
Sharpe Ratio (0.1)% 0.0%
BEST AND WORST PERFORMANCE PERIODS
Best Performing 12 months 12.9% Aug 2002 - Jul 2003
Worst Performing 12 months 3.9% Nov 2012 - Oct 2013
FEES (EXCL.VAT)
INITIAL FEE Coronation: 0.00%
ANNUAL MANAGEMENT FEE

0.25%

An annual fee of 0.25% (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) 0.30% per annum
TRANSACTION COSTS 0.00
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% - Ongoing 0.25%. 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.