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: R 395.08 million
NAV (24 June 2022): 9,594.73
NUMBER OF R - UNITS: 3854628.38
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) 1,726.5% 2,618.3% (891.8)%
Since Launch (annualised) 12.2% 14.0% (1.8)%
Latest 20 years (annualised) 14.2% 16.2% (2.0)%
Latest 15 years (annualised) 7.7% 9.6% (1.9)%
Latest 10 years (annualised) 10.5% 10.4% 0.1%
Latest 5 years (annualised) 10.1% 8.8% 1.3%
Latest 3 years (annualised) 19.0% 14.3% 4.6%
Latest 1 year 18.3% 14.5% 3.8%
Year to date 6.6% 4.8% 1.8%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2022 2021 2020 2019 2018
JAN 0.2% 4.0% (1.3)% (0.1)% 0.1%
FEB 0.2% 5.6% (13.9)% 0.2% 0.4%
MAR 6.4% 5.4% (19.0)% (1.8)% (3.4)%
APR 0.4% 4.2% 12.2% 4.5% 0.9%
MAY (0.6)% 5.8% (3.2)% (3.1)% (2.8)%
JUN - (2.6)% 7.6% 0.5% (2.3)%
JUL - 1.7% 1.9% (0.4)% (1.9)%
AUG - 6.3% 5.9% (5.3)% (0.1)%
SEP - 3.1% 1.3% 4.3% (4.6)%
OCT - 2.4% (1.5)% 4.2% 0.3%
NOV - (3.4)% 14.2% 2.5% 2.6%
DEC - 3.4% 6.4% 0.4% (0.2)%
YTD 6.6% 41.5% 5.1% 5.6% (10.7)%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
31 Mar 2022 01 Apr 2022 58.71 54.60 4.12
30 Sep 2021 01 Oct 2021 219.90 214.95 4.95
31 Mar 2021 01 Apr 2021 333.27 329.77 3.50
30 Sep 2020 01 Oct 2020 36.40 34.80 1.60
RISK STATISTICS SINCE LAUNCH
FUND BENCHMARK
Annualised Deviation 18.3% 17.1%
Maximum Drawdown (50.2)% (38.2)%
Maximum Gain 67.2% 63.6%
Positive Months 62.6% 62.3%
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 2022 % OF FUND
RMI Holdings 6.0%
Spar Group Ltd 5.8%
Invicta Holdings Ltd 4.2%
Hosken Consolidated Investments 4.2%
Reinet Investment SCA 3.9%
PSG Group 3.8%
Metair Investments Ltd 3.7%
Aspen Phamacare Holdings Ltd 3.2%
Sanlam Life Assurance Limited 3.1%
Dis-Chem Pharmacies Ltd 3.0%
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.