Strategic Income

South African - Multi Asset - Income

Conservative fund for short term investors requiring an immediate income

GENERAL INVESTOR REPORT

FUND DESCRIPTION:

Asset allocation across the yielding asset classes.

INVESTOR PROFILE:

The fund is suitable for investors who are: Looking for an intelligent alternative to cash or bank deposits over periods from 12 to 36 months. Seeking managed exposure to income generating investments. Believers in the benefits of active management within the fixed interest universe.

BENCHMARK:

110% of the STeFI 3-month Index

FUND MANAGER:

Nishan Maharaj and Mauro Longano

LAUNCH DATE: 02 July 2001
FUND SIZE: R 41.99 billion
NAV (23 September 2021): 1,561.72
NUMBER OF A - UNITS: 331421689.04
TIME HORIZON: 1 - 3 years
REGULATION 28: Yes
RISK RATING:

The fund remains the top performing fund in its category since launch in 2001 and outperformed cash by 2.4% over this period.

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PERFORMANCE FOR VARIOUS PERIODS AFTER FEES
FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 559.0% 389.6% 169.3%
Since Launch (annualised) 9.8% 8.2% 1.6%
Latest 20 years (annualised) 9.5% 8.2% 1.4%
Latest 15 years (annualised) 8.6% 7.5% 1.1%
Latest 10 years (annualised) 8.0% 6.5% 1.5%
Latest 5 years (annualised) 7.3% 6.7% 0.5%
Latest 3 years (annualised) 6.7% 6.0% 0.7%
Latest 1 year 7.4% 3.8% 3.6%
Year to date 4.8% 2.6% 2.3%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2021 2020 2019 2018 2017
JAN 0.3% 0.8% 1.3% 0.4% 0.9%
FEB 0.7% (0.1)% 0.6% 0.4% 0.5%
MAR (0.3)% (4.1)% 0.6% 1.1% 0.9%
APR 1.1% 2.5% 1.0% 1.0% 1.0%
MAY 0.7% 1.5% 0.5% 0.1% 0.8%
JUN 0.7% 0.7% 0.8% 0.5% 0.4%
JUL 0.6% 0.4% 0.4% 0.6% 1.0%
AUG 0.8% 0.6% 0.9% 0.7% 0.6%
SEP - 0.1% 0.8% 0.5% 0.8%
OCT - 0.3% 0.5% 0.5% 0.5%
NOV - 1.2% 0.3% 0.4% 0.2%
DEC - 0.9% 0.5% 0.9% 1.4%
YTD 4.8% 4.5% 8.4% 7.3% 9.3%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
30 Jun 2021 01 Jul 2021 22.28 0.05 22.23
31 Mar 2021 01 Apr 2021 18.06 0.25 17.81
31 Dec 2020 04 Jan 2021 19.05 0.06 18.99
30 Sep 2020 01 Oct 2020 16.63 0.07 16.55
RISK STATISTICS SINCE LAUNCH
FUND BENCHMARK
Annualised Deviation 2.7% 0.7%
Maximum Drawdown (4.2)% 0.0%
Maximum Gain 60.5% 0.0%
Positive Months 92.6% 0.0%
Sharpe Ratio 0.7% 0.0%
BEST AND WORST PERFORMANCE PERIODS
Best Performing 12 months 18.7% Nov 2002 - Oct 2003
Worst Performing 12 months 2% Apr 2019 - Mar 2020
FEES (EXCL.VAT)
INITIAL FEE Coronation: 0.00%
ANNUAL MANAGEMENT FEE

0.75%

The annual management fee is 0.85%.

The annual management fee will reduce from 0.85% to 0.65% for the twelve-month period starting 1 April 2021 and ending 31 March 2022. From 1 April 2022, the management fee will be 0.75%.

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) 0.97% per annum, which includes a performance fee of 0.00%
TRANSACTION COSTS 0.01
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.