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 1.90 billion
NAV (23 February 2024): 27,282.88
NUMBER OF P - UNITS: 6261233.40
TIME HORIZON: 5 years +
RISK RATING:

A specialist fund aimed at sophisticated investors requiring exposure to resource shares that are affected by changes in the commodity cycle. 

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PERFORMANCE FOR VARIOUS PERIODS AFTER FEES
FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 5,151.2% 1,422.8% 3,728.4%
Since Launch (annualised) 17.7% 11.8% 5.8%
Latest 20 years (annualised) 15.6% 9.0% 6.6%
Latest 15 years (annualised) 14.8% 7.0% 7.8%
Latest 10 years (annualised) 14.7% 5.5% 9.1%
Latest 5 years (annualised) 24.1% 12.4% 11.8%
Latest 3 years (annualised) 17.7% 4.1% 13.5%
Latest 1 year (7.2)% (22.3)% 15.1%
Year to date (5.6)% (6.3)% 0.7%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2024 2023 2022 2021 2020 2019
JAN (5.6)% 5.6% 1.3% 7.0% (2.8)% 4.4%
FEB - (6.7)% 18.1% 13.9% (12.2)% 6.9%
MAR - (4.2)% 0.3% 4.2% (24.7)% 4.8%
APR - 7.9% (1.0)% 0.4% 26.9% (1.6)%
MAY - (5.0)% 1.8% 1.1% 7.3% (7.9)%
JUN - (0.4)% (14.8)% (6.1)% 7.2% 6.1%
JUL - 1.6% 3.0% 10.1% 12.3% (3.2)%
AUG - 0.8% (2.0)% (5.0)% 4.9% 1.0%
SEP - 1.7% (1.5)% (4.6)% (1.0)% 1.8%
OCT - (2.9)% 6.7% 14.7% (8.7)% 9.7%
NOV - 3.9% 10.2% 5.9% 16.4% 2.1%
DEC - 2.5% (3.5)% 4.3% 12.3% 8.2%
YTD (5.6)% 3.8% 16.2% 53.1% 30.3% 35.4%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
29 Sep 2023 02 Oct 2023 545.93 530.29 15.65
31 Mar 2023 03 Apr 2023 283.06 277.17 5.89
30 Sep 2022 03 Oct 2022 893.88 891.59 2.30
31 Mar 2022 01 Apr 2022 174.26 172.20 2.07
RISK STATISTICS SINCE LAUNCH
FUND BENCHMARK
Annualised Deviation 24.0% 26.2%
Maximum Drawdown (57.9)% (58.3)%
Maximum Gain 93.4% 86.3%
Positive Months 59.2% 55.1%
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 31 December 2023 % OF FUND
Anglo American Plc 19.5%
Mondi Limited 11.1%
Exxaro Resources Ltd 9.1%
BHP Group Ltd 6.3%
Teck Resources Ltd 6.0%
Sasol Ltd 4.3%
EOG RESOURCES INC 4.3%
Hosken Consolidated Investments 3.7%
African Rainbow Minerals Ltd 3.7%
Northam Platinum Ltd 3.2%
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) 1.18% per annum
TRANSACTION COSTS 0.42
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.