SA Income

South African – Interest Bearing – Short Term

High yield from domestic fixed income assets

GENERAL INVESTOR REPORT

FUND DESCRIPTION:

A traditional income fund providing a high yield from domestic fixed income assets.

INVESTOR PROFILE:

The fund is suitable for investors who are: Looking for an intelligent alternative to cash or bank deposits over periods from 6 to 36 months. Seeking managed exposure to South African income generating investments. Believers in the benefits of active management within the fixed interest universe. Does not have appetite for exposure to offshore assets. The fund is particularly suited to those who require exposure to South African interest bearing securities as part of a diversified portfolio.

BENCHMARK:

Alexander Forbes STeFI Composite Index

FUND MANAGER:

Nishan Maharaj and Mauro Longano

LAUNCH DATE: 29 November 2023
FUND SIZE: R257.84 million
NAV (15 July 2024): 101.20
TIME HORIZON: 12 months +
REGULATION 28: Yes
RISK RATING:

PERFORMANCE FOR VARIOUS PERIODS AFTER FEES
FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 3.9% 4.2% (0.3)%
Year to date 2.9% 3.5% (0.5)%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2024 2023
JAN 0.8% -
FEB 0.4% -
MAR 0.3% -
APR 0.7% -
MAY 0.8% -
JUN - -
JUL - -
AUG - -
SEP - -
OCT - -
NOV - -
DEC - 1.0%
YTD 2.9% 1.0%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
28 Mar 2024 02 Apr 2024 1.94 0.00 1.94
29 Dec 2023 02 Jan 2024 0.59 0.00 0.59
RISK STATISTICS SINCE LAUNCH
FUND BENCHMARK
No Data Available - -
FEES (EXCL.VAT)
INITIAL FEE Coronation: 0.00%
ANNUAL MANAGEMENT FEE

0.65%

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 fund costs. We do not charge fees to access or withdraw from the fund.

TOTAL EXPENSE RATIO (TER) 0.79% 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% - 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.