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 39.55 billion
NAV (12 August 2022): 1,536.80
NUMBER OF A - UNITS: 321589084.03
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 2,2% over this period.

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PERFORMANCE FOR VARIOUS PERIODS AFTER FEES
FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 581.1% 409.1% 172.0%
Since Launch (annualised) 9.5% 8.0% 1.5%
Latest 20 years (annualised) 9.0% 7.8% 1.2%
Latest 15 years (annualised) 8.2% 7.1% 1.1%
Latest 10 years (annualised) 7.3% 6.3% 0.9%
Latest 5 years (annualised) 6.4% 6.1% 0.3%
Latest 3 years (annualised) 5.3% 5.0% 0.3%
Latest 1 year 4.2% 4.3% (0.1)%
Year to date 1.6% 2.6% (1.1)%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2022 2021 2020 2019 2018
JAN 0.1% 0.3% 0.8% 1.3% 0.4%
FEB 0.1% 0.7% (0.1)% 0.6% 0.4%
MAR 0.2% (0.3)% (4.1)% 0.6% 1.1%
APR 0.5% 1.1% 2.5% 1.0% 1.0%
MAY 0.6% 0.7% 1.5% 0.5% 0.1%
JUN (0.9)% 0.7% 0.7% 0.8% 0.5%
JUL 1.1% 0.6% 0.4% 0.4% 0.6%
AUG - 0.8% 0.6% 0.9% 0.7%
SEP - (0.2)% 0.1% 0.8% 0.5%
OCT - (0.1)% 0.3% 0.5% 0.5%
NOV - 0.6% 1.2% 0.3% 0.4%
DEC - 1.4% 0.9% 0.5% 0.9%
YTD 1.6% 6.7% 4.5% 8.4% 7.3%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
30 Jun 2022 01 Jul 2022 24.38 0.19 24.19
31 Mar 2022 01 Apr 2022 20.92 0.04 20.88
31 Dec 2021 03 Jan 2022 23.89 0.06 23.83
30 Sep 2021 01 Oct 2021 22.83 0.19 22.63
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 91.7% 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 0.75%.

The annual management fee reduced from 0.85% to 0.75% on 1 April 2021. In addition, there was also a fee holiday reducing the fee to 0.65% for the twelve-month period starting 1 April 2021 and ending 31 March 2022. From 1 April 2022, the management fee has reverted to 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.