Global Capital Plus [Houseview Currency Class]

USD Moderate Allocation

Diversified exposure to global assets with a focus on capital preservation

GENERAL INVESTOR REPORT

FUND DESCRIPTION:

Returns in excess of international cash while preserving capital  over any 12 months.

INVESTOR PROFILE:

The fund is suitable for investors: Seeking to utilize their offshore allowance. Who want conservatively managed exposure to offshore markets. Seeking exposure to foreign asset markets to access a broader opportunity set. Seeking to diversify their portfolios into a conservatively constructed offshore fund.

BENCHMARK:

3-month USD LIBOR + 1.5%

FUND MANAGER:

Louis Stassen, Tony Gibson and Neil Padoa

LAUNCH DATE: 01 September 2009
FUND SIZE: US$ 901.21 million
NAV (21 March 2019): 1232.26
NUMBER OF D - UNITS: 7008274.42
TIME HORIZON: 3 years +
REGULATION 28: No

The fund has outperformed US Dollar cash benchmark by 2,3% p.a. (after fees) since launch in 2009.

Not Available

PERFORMANCE FOR VARIOUS PERIODS AFTER FEES
FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 42.6% 10.8% 31.8%
Since Launch (annualised) 3.8% 1.1% 2.7%
Latest 5 years (annualised) 1.4% 0.5% 0.9%
Latest 3 years (annualised) 4.7% 3.1% 1.6%
Latest 1 year 0.7% 4.0% (3.4)%
Year to date 5.4% 0.7% 4.7%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2019 2018 2017 2016
JAN 4.4% 1.0% 1.3% (2.9)%
FEB 0.9% (2.5)% 1.9% 1.4%
MAR - (0.8)% (0.1)% 4.5%
APR - 0.2% 1.2% 0.9%
MAY - (0.1)% 0.4% 0.2%
JUN - 0.6% (0.1)% (1.0)%
JUL - 1.4% 0.7% 3.2%
AUG - (0.5)% 0.3% 0.4%
SEP - (0.2)% (0.0)% (0.1)%
OCT - (1.2)% 0.2% (1.2)%
NOV - (0.6)% 0.2% 0.1%
DEC - (3.3)% 1.4% 0.7%
YTD 5.4% (5.9)% 7.4% 6.1%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
Not Available Not Available N/A N/A N/A
RISK STATISTICS SINCE LAUNCH
FUND BENCHMARK
Annualised Deviation 7.6% 4.1%
Maximum Drawdown (10.5)% 0.0%
Maximum Gain 16.4% 0.0%
Positive Months 58.8% 0.0%
Sharpe Ratio 0.4% 0.0%
BEST AND WORST PERFORMANCE PERIODS
Best Performing 12 months 17.1% Jul 2010 - Jun 2011
Worst Performing 12 months (7)% Sep 2014 - Aug 2015
FEES (EXCL.VAT)
INITIAL FEE Coronation: 0.00%
ANNUAL MANAGEMENT FEE

1.25%

An annual fee of 1.25% is payable.

If the fund performance over any 24-month period is negative in USD, the fee is reduced to 0.85%. The underperformance reduction will cease from 01 October 2018. All fees exclude VAT.

Fund expenses that are incurred in the fund include administrative, trading, custody and audit charges. Performance information is disclosed after deducting all fees and other portfolio costs.

We do not charge fees to access or withdraw from the fund. Large investments or redemptions (exceeding 5% of fund value) may be subject to an anti-dilution levy to defray dealing costs and expenses. This levy, where applicable, is applied fully for the benefit of the fund.

TOTAL EXPENSE RATIO (TER) 1.31% per annum, which includes a performance fee of -0.24%
TRANSACTION COSTS 0.09
ADVICE COSTS (EXCLUDING VAT)

Coronation does not provide financial advice. If you appoint an adviser, advice fees are contracted directly between you and the adviser. We will facilitate the collection of advice fees only upon receiving your instruction, up to a maximum of an initial fee of 3.00% and an ongoing fee of 1.00% per annum (where an initial advice fee of more than 1.50% is selected, the maximum annual advice fee that we will collect is 0.50%). Advice fees are usually collected through the redemption of units. You may cancel the instruction to facilitate the payment of advice fees at any time. Advisers will only share in Coronation fees subject to prior approval by and/or disclosure to the investor. A portion of Coronation’s annual management fee may be paid to administration platforms such as Linked Investment Service Providers (LISPs) as a payment for administration and distribution services.