Global Capital Plus [ZAR] Feeder

Global - Multi Asset - Low Equity

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 in US dollars over any 12 months.

INVESTOR PROFILE:

The fund is suitable for investors: Who want conservatively managed exposure to offshore markets. Who are over-exposed to South African investments and seek to diversify their portfolios into a conservatively constructed offshore fund. Seeking exposure to foreign asset markets to access a broader opportunity set. Aiming to better match their existing investment portfolios to their expected future liabilities that are priced in foreign currency terms (examples include healthcare and energy costs). Seeking additional foreign exposure without using their offshore allowance.

BENCHMARK:

100% USD 3-month LIBOR + 1.5%

FUND MANAGER:

Louis Stassen, Tony Gibson and Neil Padoa

LAUNCH DATE: 03 November 2008
FUND SIZE: R 2.16 billion
NAV (18 January 2019): 233.38
NUMBER OF A - UNITS: 184093730.24
TIME HORIZON: 3 years +
REGULATION 28: No
RISK RATING:

The fund has outperformed US Dollar (in ZAR) cash benchmark by 3.5% p.a. (after fees) since launch in 2008.

Not Available

PERFORMANCE FOR VARIOUS PERIODS AFTER FEES
FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 129.5% 75.9% 53.6%
Since Launch (annualised) 8.5% 5.7% 2.8%
Latest 10 years (annualised) 8.9% 5.5% 3.4%
Latest 5 years (annualised) 6.9% 7.1% (0.3)%
Latest 3 years (annualised) (0.6)% 0.5% (1.0)%
Latest 1 year 9.8% 20.2% (10.5)%
Year to date 9.8% 20.2% (10.5)%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2018 2017 2016
JAN (2.8)% (1.5)% (1.8)%
FEB (2.9)% (0.4)% 1.5%
MAR (0.5)% 2.5% (2.9)%
APR 5.4% 1.1% (2.6)%
MAY 1.9% (1.1)% 10.9%
JUN 8.5% (0.8)% (8.1)%
JUL (3.3)% 1.5% (2.4)%
AUG 11.6% (1.5)% 7.0%
SEP (3.6)% 3.9% (6.9)%
OCT 2.9% 5.2% (2.6)%
NOV (7.0)% (4.2)% 3.9%
DEC 0.8% (7.8)% (1.6)%
YTD 9.8% (3.7)% (6.9)%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
28 Mar 2013 02 Apr 2013 0.16 0.07 0.09
28 Sep 2012 01 Oct 2012 0.30 0.23 0.07
30 Sep 2008 01 Oct 2008 0.06 0.00 0.06
RISK STATISTICS SINCE LAUNCH
FUND BENCHMARK
Annualised Deviation 13.2% 14.1%
Maximum Drawdown (19.6)% 0.0%
Maximum Gain 23.7% 0.0%
Positive Months 57.4% 0.0%
Sharpe Ratio 0.3% 0.0%
BEST AND WORST PERFORMANCE PERIODS
Best Performing 12 months 34.8% Jun 2012 - May 2013
Worst Performing 12 months (10.6)% Jun 2016 - May 2017
FEES (EXCL.VAT)
INITIAL FEE Coronation: 0.00%
ANNUAL MANAGEMENT FEE

1.25%

If the fund’s return (after fees and costs) is equal to that of its benchmark, a fee of 1.25% will be charged. Of the annual fee 0.40% is collected at feeder fund level, while the balance of the fee is collected in the master fund

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. Other costs 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.

TOTAL EXPENSE RATIO (TER) 1.42% per annum, which includes a performance fee of -0.18%
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.