Resources

South African - Equity - Resources

Category-specific exposure to resources equities

GENERAL INVESTOR REPORT

FUND DESCRIPTION:

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

INVESTOR PROFILE:

 The fund is suitable for investors: Seeking to broaden their equity exposure by including a resources fund. Who believe that the resources category offers compelling value. Who understand the cyclical nature of the category and seek long-term growth. That are not utilising the fund as a single investment but as part of a diversified portfolio.

BENCHMARK:

FTSE/JSE Africa Resources Index (TR)†

FUND MANAGER:

Nicholas Stein and Nicholas Hops

LAUNCH DATE: 01 October 1999
FUND SIZE: R 1.42 billion
NAV (17 January 2022): 27,376.43
NUMBER OF P - UNITS: 6752502.39
TIME HORIZON: 5 years +
REGULATION 28: No
RISK RATING:

A specialist fund aimed at sophisticated investors requiring exposure to resource shares that are affected by changes in the commodity cycle. Outperformed FTSE/JSE Africa Resources Index by 5.0% p.a. since launch in 1999.

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PERFORMANCE FOR VARIOUS PERIODS AFTER FEES
FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 4,323.4% 1,511.5% 2,811.9%
Since Launch (annualised) 18.6% 13.4% 5.3%
Latest 20 years (annualised) 17.6% 10.7% 6.9%
Latest 15 years (annualised) 12.6% 6.7% 5.9%
Latest 10 years (annualised) 14.1% 6.6% 7.5%
Latest 5 years (annualised) 28.4% 20.8% 7.6%
Latest 3 years (annualised) 40.9% 30.0% 10.9%
Latest 1 year 64.8% 37.5% 27.3%
Year to date 46.8% 25.6% 21.2%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2021 2020 2019 2018 2017
JAN 7.0% (2.8)% 4.4% 2.0% 11.0%
FEB 13.9% (12.2)% 6.9% (5.6)% (4.1)%
MAR 4.2% (24.7)% 4.8% (4.0)% 2.8%
APR 0.4% 26.9% (1.6)% 5.7% 0.6%
MAY 1.1% 7.3% (7.9)% 2.2% (6.4)%
JUN (6.1)% 7.2% 6.1% 4.2% (2.4)%
JUL 10.1% 12.3% (3.2)% (1.5)% 10.0%
AUG (5.0)% 4.9% 1.0% 7.4% 6.4%
SEP (4.6)% (1.0)% 1.8% 3.0% (0.9)%
OCT 14.7% (8.7)% 9.7% (3.0)% 9.4%
NOV 5.9% 16.4% 2.1% (9.4)% (0.7)%
DEC - 12.3% 8.2% 8.1% (0.3)%
YTD 46.8% 30.3% 35.4% 7.7% 26.3%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
30 Sep 2021 01 Oct 2021 974.14 972.15 1.99
31 Mar 2021 01 Apr 2021 1,469.40 1,466.84 2.56
30 Sep 2020 01 Oct 2020 196.87 184.16 12.72
31 Mar 2020 01 Apr 2020 250.55 244.05 6.50
RISK STATISTICS SINCE LAUNCH
FUND BENCHMARK
Annualised Deviation 24.2% 26.3%
Maximum Drawdown (57.9)% (58.3)%
Maximum Gain 93.4% 86.3%
Positive Months 59.4% 55.6%
Sharpe Ratio 0.4% 0.2%
BEST AND WORST PERFORMANCE PERIODS
Best Performing 12 months 100.5% Apr 2001 - Mar 2002
Worst Performing 12 months (54.2)% Mar 2008 - Feb 2009
TOP 10 HOLDINGS
AS AT 30 September 2021 % OF FUND
Anglo American Plc 25.8%
Glencore Xstrata Plc 12.2%
Northam Platinum Ltd 10.2%
Royal Bafokeng Platinum Ltd 9.6%
Textainer Group Holdings Ltd 7.8%
Goldfields Ltd 7.8%
Exxaro Resources Ltd 6.3%
AngloGold Ashanti Limited 6.1%
MONTAUK ENERGY HOLDINGS LLC 2.9%
Impala Platinum Holdings Ltd 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 0.35
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.