Smaller Companies

South African - Equity - Mid & Small Cap

Category-specific exposure to mid and small cap companies

GENERAL INVESTOR REPORT

FUND DESCRIPTION:

Our top stock picks from the small and mid capitalisation indices.

INVESTOR PROFILE:

The fund is suitable for investors: Seeking to broaden their equity exposure by including a smaller companies fund. Who wish to benefit from the growth inherent in quality mid and small companies that have the potential to be large caps in the future. Who are not utilising the fund as a single investment but as part of a diversified portfolio.

BENCHMARK:

Composite: FTSE/JSE Africa Mid & Small Cap Indices

FUND MANAGER:

Alistair Lea 

LAUNCH DATE: 01 April 1997
FUND SIZE: R 284.97 million
NAV (27 September 2021): 9,555.16
NUMBER OF R - UNITS: 3117346.49
TIME HORIZON: 5 years +
REGULATION 28: No
RISK RATING:

A specialist investment vehicle aimed at sophisticated investors requiring exposure to medium and smaller companies.

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PERFORMANCE FOR VARIOUS PERIODS AFTER FEES
FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 1,526.0% 2,349.3% (823.3)%
Since Launch (annualised) 12.1% 14.0% (1.9)%
Latest 20 years (annualised) 14.4% 16.5% (2.2)%
Latest 15 years (annualised) 9.9% 12.0% (2.1)%
Latest 10 years (annualised) 10.8% 11.0% (0.3)%
Latest 5 years (annualised) 9.0% 6.2% 2.8%
Latest 3 years (annualised) 13.5% 10.7% 2.8%
Latest 1 year 62.8% 46.1% 16.7%
Year to date 34.3% 25.9% 8.4%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2021 2020 2019 2018 2017
JAN 4.0% (1.3)% (0.1)% 0.1% 3.2%
FEB 5.6% (13.9)% 0.2% 0.4% 2.8%
MAR 5.4% (19.0)% (1.8)% (3.4)% (0.9)%
APR 4.2% 12.2% 4.5% 0.9% (0.5)%
MAY 5.8% (3.2)% (3.1)% (2.8)% (3.0)%
JUN (2.6)% 7.6% 0.5% (2.3)% (2.2)%
JUL 1.7% 1.9% (0.4)% (1.9)% 1.9%
AUG 6.3% 5.9% (5.3)% (0.1)% 1.0%
SEP - 1.3% 4.3% (4.6)% (2.2)%
OCT - (1.5)% 4.2% 0.3% 1.6%
NOV - 14.2% 2.5% 2.6% 3.1%
DEC - 6.4% 0.4% (0.2)% 4.6%
YTD 34.3% 5.1% 5.6% (10.7)% 9.6%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
31 Mar 2021 01 Apr 2021 333.27 329.77 3.50
30 Sep 2020 01 Oct 2020 36.40 34.80 1.60
31 Mar 2020 01 Apr 2020 204.99 191.64 13.35
30 Sep 2019 01 Oct 2019 74.64 70.41 4.23
RISK STATISTICS SINCE LAUNCH
FUND BENCHMARK
Annualised Deviation 18.5% 17.3%
Maximum Drawdown (50.2)% (38.2)%
Maximum Gain 67.2% 63.6%
Positive Months 62.1% 62.5%
Sharpe Ratio 0.2% 0.3%
BEST AND WORST PERFORMANCE PERIODS
Best Performing 12 months 68.3% May 1997 - Apr 1998
Worst Performing 12 months (41.4)% Nov 2007 - Oct 2008
TOP 10 HOLDINGS
AS AT 30 June 2021 % OF FUND
Spar Group Ltd 6.6%
Mondi Limited 5.1%
Distell Group Ltd 5.0%
Nedbank Group Ltd 4.4%
RMI Holdings 4.2%
Metair Investments Ltd 4.2%
Invicta Holdings Ltd 4.1%
Advtech Ltd 4.0%
Wilson Bayly-Ovcon 3.9%
PSG Group 3.9%
FEES (EXCL.VAT)
INITIAL FEE Coronation: 0.00%
ANNUAL MANAGEMENT FEE

1.00%

An annual fee of 1.00% (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) 1.22% per annum, which includes a performance fee of 0.00%
TRANSACTION COSTS 0.15
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.