Global Emerging Markets Flexible [ZAR]

Global - Multi Asset - Flexible

Exposure to emerging market equities

GENERAL INVESTOR REPORT

FUND DESCRIPTION:

Best investment view across emerging markets.

INVESTOR PROFILE:

The fund is suitable for investors: Looking for exposure to emerging markets assets. Who are in their wealth build-up phase and require little income yield in the short term. Seeking a diversification of returns within a total investment solution. Able to withstand short-term market fluctuations in pursuit of maximum total returns over the long term.

BENCHMARK:

Returns in excess of the MSCI  Emerging Markets Index (ZAR)

FUND MANAGER:

Gavin Joubert, Suhail Suleman, Lisa Haakman and Iakovos Mekios

LAUNCH DATE: 28 December 2007
FUND SIZE: R 4.03 billion
NAV (16 September 2019): 289.74
NUMBER OF A - UNITS: 375320427.44
TIME HORIZON: 5 years +
REGULATION 28: No
RISK RATING:

Both the rand and dollar versions of the fund have outperformed the MSCI Emerging Markets Index by more than 2.0% p.a. since their respective launch dates.

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PERFORMANCE FOR VARIOUS PERIODS AFTER FEES
FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 193.2% 138.2% 55.0%
Since Launch (annualised) 9.7% 7.8% 2.0%
Latest 10 years (annualised) 11.7% 11.4% 0.3%
Latest 5 years (annualised) 6.1% 8.1% (2.0)%
Latest 3 years (annualised) 9.5% 9.7% (0.2)%
Latest 1 year 12.4% 5.7% 6.7%
Year to date 24.1% 9.2% 15.0%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2019 2018 2017
JAN 3.8% 2.7% 2.1%
FEB 9.1% (6.6)% 0.6%
MAR 7.3% (3.1)% 4.6%
APR 1.5% 3.8% 4.7%
MAY (4.6)% (4.2)% 2.7%
JUN 4.8% 5.8% (2.9)%
JUL 0.6% (2.3)% 10.0%
AUG - 5.9% 2.2%
SEP - (5.8)% 5.6%
OCT - (3.1)% 5.8%
NOV - (6.4)% (2.3)%
DEC - 0.1% (8.3)%
YTD 24.1% (13.4)% 26.2%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
29 Mar 2019 01 Apr 2019 0.64 0.63 0.01
30 Sep 2010 01 Oct 2010 0.17 0.17 0.00
30 Sep 2009 01 Oct 2009 0.12 0.11 0.01
30 Sep 2008 01 Oct 2008 0.93 0.91 0.02
RISK STATISTICS SINCE LAUNCH
FUND BENCHMARK
Annualised Deviation 17.1% 15.3%
Annualised Return 9.7% 7.8%
Maximum Drawdown (38.6)% (44.2)%
Maximum Gain 25.5% 36.4%
Positive Months 56.8% 56.8%
Sharpe Ratio 0.1% 0.0%
BEST AND WORST PERFORMANCE PERIODS
Best Performing 12 months 49.7% Mar 2009 - Feb 2010
Worst Performing 12 months (37.5)% Mar 2008 - Feb 2009
TOP 10 HOLDINGS
AS AT 30 June 2019 % OF FUND
Naspers Ltd 4.6%
58 Com Inc-adr 4.4%
Ping An Insurance Group Co 4.2%
Housing Dev Finance Corp 4.2%
Wuliangye Yibin Co Ltd 3.6%
Magnit Ojsc-spon 3.6%
British American Tobacco Plc 3.5%
Aia Group Ltd 3.5%
Alibaba Group Holding 3.4%
Jd.com Inc Adr 3.3%
FEES (EXCL.VAT)
INITIAL FEE Coronation: 0.00%
ANNUAL MANAGEMENT FEE

1.15%

An annual fee of a minimum of 1.00% and a maximum of 2.40%, depending
on the fund’s performance, is payable.

If fund performance equals that of the benchmark (after fees and costs), a fee of 1.15% will be charged. We share in 20% of performance above the benchmark, up to a total annual fee of 2.40%. Performance is measured over a rolling 24-month period.

If the fund underperforms the benchmark over any 60-month period, the fee is reduced by 0.15%.

Fund expenses that are incurred in the fund include administrative, trading, custody and audit charges. All performance information is disclosed after deducting all fees and other portfolio costs. We do not charge any fees to access or withdraw from the fund.

TOTAL EXPENSE RATIO (TER) 1.5% per annum, which includes a performance fee of -0.02%
TRANSACTION COSTS 0.19
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.