Optimum Growth

Worldwide - Multi Asset - Flexible

Exposure to worldwide assets with a bias towards equities

GENERAL INVESTOR REPORT

FUND DESCRIPTION:

Best rand risk-adjusted returns from a global multi-asset portfolio.

INVESTOR PROFILE:

 The fund is suitable for investors: Looking for a balanced exposure to both domestic and international assets. Who are comfortable to grant Coronation a wide degree of discretion. Who are in their wealth build-up phase and require little income yield in the short term. Who are able to withstand short-term market and currency fluctuations in pursuit of maximum total returns over the long term. Who intends following a core/satellite approach, using this fund as a core fund.

BENCHMARK:

Composite: 35% local equities, 35% international equities, 15% local bonds and 15% international bonds

FUND MANAGER:

Gavin Joubert, Marc Talpert and Suhail Suleman

LAUNCH DATE: 15 March 1999
FUND SIZE: R 14.75 billion
NAV (03 August 2021): 14,610.96
NUMBER OF A - UNITS: 14695418.04
TIME HORIZON: 5 years +
REGULATION 28: No
RISK RATING:

The fund has outperformed the composite benchmark since launch and was a top quartile performer in the Worldwide MA Flexible category since launch in 1999.

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PERFORMANCE FOR VARIOUS PERIODS AFTER FEES
FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 1,793.5% 1,046.0% 747.5%
Since Launch (annualised) 14.1% 11.6% 2.5%
Latest 20 years (annualised) 13.3% 11.6% 1.7%
Latest 15 years (annualised) 11.8% 11.5% 0.2%
Latest 10 years (annualised) 15.9% 13.5% 2.3%
Latest 5 years (annualised) 11.3% 9.8% 1.5%
Latest 3 years (annualised) 13.1% 11.5% 1.6%
Latest 1 year 1.4% 14.4% (13.0)%
Year to date (1.0)% 8.2% (9.2)%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2021 2020 2019 2018
JAN 1.7% 5.4% 1.3% 1.5%
FEB (0.5)% (2.8)% 9.0% (4.6)%
MAR (1.8)% 2.2% 6.0% (2.4)%
APR 1.0% 11.1% 2.0% 3.8%
MAY (4.6)% (1.7)% (3.0)% (1.0)%
JUN 3.4% 3.8% 2.7% 7.6%
JUL - 3.3% 1.7% (2.2)%
AUG - 4.2% 4.7% 9.2%
SEP - (4.1)% (1.4)% (4.2)%
OCT - (3.5)% 2.2% 0.0%
NOV - 2.7% 0.2% (7.2)%
DEC - 0.1% (0.6)% (0.2)%
YTD (1.0)% 21.6% 26.9% (1.2)%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
30 Sep 2019 01 Oct 2019 57.31 48.05 9.25
29 Mar 2019 01 Apr 2019 30.81 26.96 3.85
28 Sep 2018 01 Oct 2018 69.10 67.56 1.54
29 Sep 2017 02 Oct 2017 15.67 13.67 2.00
RISK STATISTICS SINCE LAUNCH
FUND BENCHMARK
Annualised Deviation 12.4% 10.8%
Maximum Drawdown (31.6)% (29.0)%
Maximum Gain 28.9% 27.7%
Positive Months 64.8% 63.3%
Sharpe Ratio 0.5% 0.3%
BEST AND WORST PERFORMANCE PERIODS
Best Performing 12 months 51.1% Jan 2013 - Dec 2013
Worst Performing 12 months (31.5)% Mar 2008 - Feb 2009
TOP 10 HOLDINGS
AS AT 30 June 2021 % OF FUND
JD.com Inc Adr 3.6%
Naspers Ltd 3.0%
Alphabet Inc 2.7%
Facebook Inc. 2.5%
Visa Inc 2.2%
Microsoft Corp 2.2%
Amazon Com Inc 2.0%
Salesforce.com Inc 2.0%
Mercari Inc 1.9%
Philip Morris Int Inc 1.9%
FEES (EXCL.VAT)
INITIAL FEE Coronation: 0.00%
ANNUAL MANAGEMENT FEE

Minimum: 1.00%
Minimum - discounted: 0.85%
Maximum: 2.40% 
Sharing Rate: 20.00%

An annual fee of a minimum of 0.85% and a maximum of 2.40%, depending on the fund’s performance, is payable. If the fund’s return (after fees and costs) is equal to that of its benchmark, a fee of 1.00% will be charged. We share in 20% of the outperformance above the benchmark, up to a maximum total annual fee of 2.40%. 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 0.85%. All fees exclude VAT. 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 any fees to access or withdraw from the fund.

TOTAL EXPENSE RATIO (TER) 1.83% per annum, which includes a performance fee of 0.60%
TRANSACTION COSTS 0.13
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.