Global Equity Select

Global - Equity - General

Exposure to global equities with a developed market bias

GENERAL INVESTOR REPORT

FUND DESCRIPTION:

Best investment view across global equity markets.

INVESTOR PROFILE:

The fund is suitable for: Investors who are building wealth, and are comfortable with full exposure to shares listed in global markets outside South Africa. Accept that the fund may underperform the market significantly in the short term in pursuit of superior long-term gains. Hold other investments and are looking to add exposure to global equity markets. Do not require an income from their investment.

BENCHMARK:

MSCI All Country World Index

FUND MANAGER:

Louis Stassen and Neil Padoa

LAUNCH DATE: 30 January 2015
FUND SIZE: US$ 142.24 million
NAV (18 July 2019): 1279.25
NUMBER OF A - UNITS: 216736.81
TIME HORIZON: 10 years +
REGULATION 28: No

The fund aims to give investors access to the best opportunities in global equity markets. The fund is biased to developed markets. In-depth research seeks out attractively valued shares to maximize long-term growth.

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PERFORMANCE FOR VARIOUS PERIODS AFTER FEES
FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 23.4% 39.6% (16.2)%
Since Launch (annualised) 4.9% 7.9% (3.0)%
Latest 3 years (annualised) 11.2% 11.6% (0.4)%
Latest 1 year 5.5% 5.7% (0.2)%
Year to date 22.2% 16.2% 6.0%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2019 2018 2017
JAN 12.9% 5.4% 5.0%
FEB 2.4% (7.0)% 3.6%
MAR 1.5% (4.4)% 0.9%
APR 4.1% (1.6)% 4.0%
MAY (7.1)% (0.9)% 0.9%
JUN 7.7% 1.2% (0.6)%
JUL - 4.2% 3.8%
AUG - (1.0)% (0.9)%
SEP - (0.4)% 1.4%
OCT - (6.1)% 0.5%
NOV - (0.2)% 0.7%
DEC - (10.2)% 3.4%
YTD 22.2% (20.1)% 24.9%
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 17.3% 12.2%
Maximum Drawdown (24.3)% (14.3)%
Maximum Gain 22.1% 34.8%
Positive Months 56.6% 67.9%
Sharpe Ratio 0.2% 0.6%
TOP 10 HOLDINGS
AS AT 30 June 2019 % OF FUND
Charter Communication A 5.9%
British American Tobacco Plc 5.4%
Alphabet Inc 5.4%
Blackstone Group 3.8%
Altice Financing SA 3.5%
Facebook Inc. 3.0%
Airbus Group SE 3.0%
Philip Morris Int Inc 2.8%
Anheuser-Busch Inbev 2.7%
Citi Group Inc 2.6%
FEES (EXCL.VAT)
INITIAL FEE Coronation: 0.00%
ANNUAL MANAGEMENT FEE

1.05%

An annual fee of a minimum of 0.70% and a maximum of 2.30%, depending
on the fund’s performance, is payable.

If fund performance equals that of the benchmark (after fees and costs), a fee of 1.05% will be charged. We share in 20% of performance above the benchmark, up to a total annual fee of 2.30%. Performance is measured over a rolling 24-month period.

When the fund return is below the benchmark over a rolling 60-month period the fee is discounted by 0.35%.

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) 1.42% per annum, which includes a performance fee of 0.09%
TRANSACTION COSTS 0.21
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.