Strategic Income

South African - Multi Asset - Income

Our flagship managed income fund for investors requiring an immediate income

GENERAL INVESTOR REPORT

FUND DESCRIPTION:

Our flagship managed income fund, allocating 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 36.70 billion
NAV (27 March 2024): 1,562.90
NUMBER OF A - UNITS: 341290869.18
TIME HORIZON: 1 - 3 years
RISK RATING:

The fund remains the top performing fund in its category since launch in 2001 and outperformed cash by 2,2% over this period.

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PERFORMANCE FOR VARIOUS PERIODS AFTER FEES
FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 687.0% 475.8% 211.1%
Since Launch (annualised) 9.5% 8.0% 1.5%
Latest 20 years (annualised) 8.7% 7.4% 1.2%
Latest 15 years (annualised) 8.3% 6.7% 1.6%
Latest 10 years (annualised) 7.6% 6.7% 0.9%
Latest 5 years (annualised) 6.8% 6.2% 0.7%
Latest 3 years (annualised) 7.4% 6.2% 1.2%
Latest 1 year 10.1% 8.9% 1.2%
Year to date 1.2% 1.4% (0.2)%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2024 2023 2022 2021 2020 2019
JAN 1.0% 1.6% 0.1% 0.3% 0.8% 1.3%
FEB 0.2% 0.1% 0.1% 0.7% (0.1)% 0.6%
MAR - 0.7% 0.2% (0.3)% (4.1)% 0.6%
APR - 0.3% 0.5% 1.1% 2.5% 1.0%
MAY - (1.1)% 0.6% 0.7% 1.5% 0.5%
JUN - 2.1% (0.9)% 0.7% 0.7% 0.8%
JUL - 1.6% 1.1% 0.6% 0.4% 0.4%
AUG - 0.9% 0.6% 0.8% 0.6% 0.9%
SEP - (0.3)% (0.7)% (0.2)% 0.1% 0.8%
OCT - 0.7% 1.2% (0.1)% 0.3% 0.5%
NOV - 2.1% 1.6% 0.6% 1.2% 0.3%
DEC - 1.4% 0.7% 1.4% 0.9% 0.5%
YTD 1.2% 10.5% 4.9% 6.7% 4.5% 8.4%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
29 Dec 2023 02 Jan 2024 34.90 0.11 34.79
29 Sep 2023 02 Oct 2023 32.73 0.05 32.68
30 Jun 2023 03 Jul 2023 30.68 0.17 30.51
31 Mar 2023 03 Apr 2023 30.33 0.16 30.17
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 91.2% 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%

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) 0.87% 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.