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: Who wish to benefit from the potential growth in medium-size and small companies; Want to diversify their investments to include specific exposure to companies outside of the JSE Large Cap Index; Accept the inherent volatility in investing in less liquid shares; Want to hold the Smaller Companies Fund as one of multiple funds in their investment portfolio.

BENCHMARK:

Market-cap weighted composite: JSE Mid & Small Cap Indices excluding real estate

FUND MANAGER:

Alistair Lea 

LAUNCH DATE: 01 April 1997
FUND SIZE: R424.16 million
NAV (24 May 2024): 11,210.59
NUMBER OF R - UNITS: 3937396.64
TIME HORIZON: 5 years +
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) 1,996.6% 2,786.0% (789.4)%
Since Launch (annualised) 11.9% 13.2% (1.3)%
Latest 20 years (annualised) 12.8% 14.2% (1.4)%
Latest 15 years (annualised) 12.5% 12.3% 0.2%
Latest 10 years (annualised) 8.0% 7.0% 1.0%
Latest 5 years (annualised) 13.4% 8.9% 4.5%
Latest 3 years (annualised) 12.8% 9.2% 3.7%
Latest 1 year 12.5% 4.1% 8.4%
Year to date 0.9% (2.2)% 3.0%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2024 2023 2022 2021 2020 2019
JAN (0.8)% 4.9% 0.2% 4.0% (1.3)% (0.1)%
FEB (1.5)% 0.9% 0.2% 5.6% (13.9)% 0.2%
MAR 1.1% (2.8)% 6.4% 5.4% (19.0)% (1.8)%
APR 2.0% 1.4% 0.4% 4.2% 12.2% 4.5%
MAY - (7.6)% (0.6)% 5.8% (3.2)% (3.1)%
JUN - 5.3% (7.9)% (2.6)% 7.6% 0.5%
JUL - 2.7% 1.9% 1.7% 1.9% (0.4)%
AUG - (0.0)% 3.0% 6.3% 5.9% (5.3)%
SEP - 0.5% (1.8)% 3.1% 1.3% 4.3%
OCT - (2.0)% 4.6% 2.4% (1.5)% 4.2%
NOV - 8.1% 0.9% (3.4)% 14.2% 2.5%
DEC - 5.0% (2.3)% 3.4% 6.4% 0.4%
YTD 0.9% 16.4% 4.3% 41.5% 5.1% 5.6%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
28 Mar 2024 02 Apr 2024 135.12 120.45 14.67
29 Sep 2023 02 Oct 2023 178.56 167.44 11.12
31 Mar 2023 03 Apr 2023 163.82 154.56 9.26
30 Sep 2022 03 Oct 2022 351.57 345.81 5.76
RISK STATISTICS SINCE LAUNCH
FUND BENCHMARK
Annualised Deviation 18.0% 16.9%
Maximum Drawdown (50.2)% (38.2)%
Maximum Gain 67.2% 63.6%
Positive Months 62.5% 61.5%
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 31 March 2024 % OF FUND
Advtech Ltd 6.6%
Dis-Chem Pharmacies Ltd 5.0%
Quilter plc 4.8%
Ca Sales Holdings Ltd 4.4%
Spar Group Ltd 4.1%
KAP International Holdings Ltd 4.0%
Aspen Phamacare Holdings Ltd 3.6%
Coronation Fund Managers Limited 3.4%
Hudaco Industries Ltd 3.3%
Oceana Group Ltd 3.3%
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) 1.18% per annum
TRANSACTION COSTS 0.08
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.