Property Equity

South African - Real Estate - General

Category-specific exposure to listed property assets

GENERAL INVESTOR REPORT

FUND DESCRIPTION:

A sector-specific equity fund that invests in quality listed property assets.

INVESTOR PROFILE:

The fund is suitable for investors: Requiring a regular stream of income from their capital base. Seeking an asset class with a lower volatility and lower return correlation to a pure equity fund. Seeking exposure to the listed property category with a strong focus on capital preservation. Who are utilising the fund as part of a diversified portfolio.

BENCHMARK:

FTSE/JSE All Property Index

FUND MANAGER:

Anton de Goede and Mauro Longano

LAUNCH DATE: 20 November 2000
FUND SIZE: R 904.63 million
NAV (27 September 2021): 3,504.41
NUMBER OF A - UNITS: 31292098.84
TIME HORIZON: 3 years +
REGULATION 28: No
RISK RATING:

The fund seeks to maximise long-term growth from investing in South African listed property companies and the fund has been a top quartile performer since launch in 2000.

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PERFORMANCE FOR VARIOUS PERIODS AFTER FEES
FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 1,126.7% 1,174.4% (47.7)%
Since Launch (annualised) 12.8% 13.0% (0.2)%
Latest 20 years (annualised) 12.3% 12.4% (0.1)%
Latest 15 years (annualised) 8.4% 8.4% 0.0%
Latest 10 years (annualised) 5.0% 4.8% 0.2%
Latest 5 years (annualised) (6.1)% (6.3)% 0.2%
Latest 3 years (annualised) (10.3)% (9.1)% (1.2)%
Latest 1 year 52.5% 52.0% 0.5%
Year to date 26.5% 28.1% (1.6)%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2021 2020 2019 2018 2017
JAN (3.1)% (3.5)% 7.7% (6.5)% 1.3%
FEB 6.6% (15.9)% (3.7)% (7.6)% (0.1)%
MAR 2.7% (36.8)% (2.1)% 1.0% 0.1%
APR 10.2% 4.4% 1.9% 6.3% 0.6%
MAY (1.8)% (2.0)% (2.1)% (5.3)% 0.2%
JUN 3.3% 13.0% 1.3% (3.1)% (0.2)%
JUL (0.8)% (4.4)% (2.7)% (0.8)% 3.2%
AUG 7.4% (8.7)% (2.9)% 2.5% 0.1%
SEP - (5.4)% 1.4% (1.9)% 1.2%
OCT - (7.0)% 2.9% (0.8)% 1.7%
NOV - 19.2% (0.5)% (3.9)% 0.9%
DEC - 14.9% (1.5)% (1.1)% 4.5%
YTD 26.5% (37.7)% (0.9)% (20.0)% 14.1%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
30 Jun 2021 01 Jul 2021 45.26 0.00 45.26
31 Mar 2021 01 Apr 2021 18.70 12.32 6.37
31 Dec 2020 04 Jan 2021 38.41 0.81 37.60
30 Sep 2020 01 Oct 2020 0.74 0.11 0.62
RISK STATISTICS SINCE LAUNCH
FUND BENCHMARK
Annualised Deviation 17.3% 17.8%
Maximum Drawdown (63.9)% (64.9)%
Maximum Gain 54.8% 41.0%
Positive Months 64.3% 63.9%
Sharpe Ratio 0.3% 0.3%
BEST AND WORST PERFORMANCE PERIODS
Best Performing 12 months 53.6% Apr 2005 - Mar 2006
Worst Performing 12 months (49.9)% Apr 2009 - Mar 2020
TOP 10 HOLDINGS
AS AT 30 June 2021 % OF FUND
NEPI Rockcastle PLC 17.7%
Growthpoint Properties Ltd 15.7%
Fortress Income Fund Ltd A 9.4%
Redefine Income Fund 8.6%
MAS REAL ESTATE INC 5.7%
Equites Property Fund Ltd 5.5%
Vukile Property Ltd 5.1%
Atterbury Investment Holdings 4.5%
Investec Limited 4.1%
Echo Polska Properties N.V 3.3%
FEES (EXCL.VAT)
INITIAL FEE Coronation: 0.00%
ANNUAL MANAGEMENT FEE

1.25%

An annual fee of 1.25% (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) 1.44% per annum, which includes a performance fee of 0.00%
TRANSACTION COSTS 0.05
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.