Bond

South African - Interest Bearing - Variable Term

To provide investors with diversified exposure to the South African Bond Market

GENERAL INVESTOR REPORT

FUND DESCRIPTION:

Actively managed exposure to the South-African bond market.

INVESTOR PROFILE:

The fund is suitable for investors who are: Risk averse and seek exposure to less risky assets. Seeking to use the fund as part of a diversified portfolio. Requiring an investment vehicle focused on capital growth and income generation through active selection in the domestic bond market.

BENCHMARK:

BEASSA ALBI Index

FUND MANAGER:

Nishan Maharaj, Steve Janson and Seamus Vasey

LAUNCH DATE: 01 August 1997
FUND SIZE: R 1.65 billion
NAV (22 January 2018): 1527.63
NUMBER OF R - UNITS: 14843051.67
TIME HORIZON: 3 years +
REGULATION 28: No
RISK RATING:

The fund has been a top quartile performer over all periods since launch in 1997.

Not Available

PERFORMANCE FOR VARIOUS PERIODS
FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 840.3% 792.1% 48.2%
Since Launch (annualised) 11.6% 11.3% 0.3%
Latest 20 years (annualised) 11.5% 11.2% 0.3%
Latest 15 years (annualised) 9.7% 9.3% 0.4%
Latest 10 years (annualised) 9.2% 8.6% 0.6%
Latest 5 years (annualised) 7.3% 6.3% 1.1%
Latest 3 years (annualised) 8.3% 6.9% 1.3%
Latest 1 year 11.3% 10.2% 1.1%
Year to date 11.3% 10.2% 1.1%
MONTHLY PERFORMANCE RETURNS
2017 2016 2015
JAN 1.5% 4.1% 6.1%
FEB 0.6% (0.4)% (2.7)%
MAR 0.9% 2.7% (0.7)%
APR 1.3% 1.8% (0.4)%
MAY 0.9% (0.7)% (0.7)%
JUN (0.3)% 3.7% (0.1)%
JUL 1.3% 2.2% 1.2%
AUG 1.0% (0.7)% 0.1%
SEP 1.3% 2.5% (0.2)%
OCT (1.7)% 0.6% 1.4%
NOV (0.9)% (2.0)% (0.6)%
DEC 5.0% 1.7% (5.3)%
YTD 11.3% 16.6% (2.2)%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
29 Sep 2017 02 Oct 2017 59.78 0.00 59.78
31 Mar 2017 03 Apr 2017 60.37 0.00 60.37
30 Sep 2016 03 Oct 2016 59.02 0.00 59.02
31 Mar 2016 01 Apr 2016 48.68 0.00 48.68
RISK STATISTICS SINCE LAUNCH
FUND BENCHMARK
Annualised Deviation 7.5% 8.6%
Maximum Drawdown (19.0)% (22.3)%
Maximum Gain 26.3% 26.4%
Positive Months 71.4% 71.0%
Sharpe Ratio 0.3% 0.2%
BEST AND WORST PERFORMANCE PERIODS
Best Performing 12 months 34.9% Sep 1998 - Aug 1999
Worst Performing 12 months (7)% Sep 1997 - Aug 1998
FEES (EXCL.VAT)
INITIAL FEE Coronation: 0.00%
ANNUAL MANAGEMENT FEE

0.75%

An annual fee of 0.75% (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) 0.87% per annum, which includes a performance fee of 0%
TRANSACTION COSTS 0
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.