Global Managed [ZAR] Feeder

Global - Multi Asset - High Equity

Diversified exposure to global assets with a focus on maximising returns over the long term

GENERAL INVESTOR REPORT

FUND DESCRIPTION:

Best investment view across global markets.

INVESTOR PROFILE:

 The fund is suitable for investors: Who want managed exposure to offshore markets. Who are over-exposed to South African investments and seek to diversify their portfolios into a growth-oriented multi-asset 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:

60% MSCI All Country World Index and 40% Barclays Global Bond Aggregate

FUND MANAGER:

Louis Stassen and Neil Padoa

LAUNCH DATE: 29 October 2009
FUND SIZE: R 6.45 billion
NAV (14 June 2019): 329.04
NUMBER OF A - UNITS: 453178113.85
TIME HORIZON: 5 years +
REGULATION 28: No
RISK RATING:

Number one global multi-asset high equity fund in South Africa since launch in October 2009.

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PERFORMANCE FOR VARIOUS PERIODS AFTER FEES
FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 221.1% 234.0% (13.0)%
Since Launch (annualised) 12.9% 13.4% (0.5)%
Latest 5 years (annualised) 8.1% 10.7% (2.6)%
Latest 3 years (annualised) 1.7% 3.7% (2.0)%
Latest 1 year 14.2% 15.7% (1.5)%
Year to date 10.8% 8.6% 2.2%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2019 2018 2017
JAN (1.3)% (0.9)% 0.2%
FEB 8.6% (4.9)% 0.5%
MAR 3.9% (2.5)% 2.8%
APR 2.5% 4.7% 2.6%
MAY (2.9)% 1.1% (0.7)%
JUN - 8.6% (1.0)%
JUL - (2.0)% 3.2%
AUG - 11.2% (2.0)%
SEP - (3.7)% 4.6%
OCT - (0.8)% 5.2%
NOV - (6.1)% (4.3)%
DEC - (2.8)% (6.4)%
YTD 10.8% 0.3% 3.9%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
30 Sep 2013 01 Oct 2013 0.52 0.50 0.02
28 Sep 2012 01 Oct 2012 0.43 0.39 0.04
30 Mar 2012 02 Apr 2012 0.07 0.06 0.01
RISK STATISTICS SINCE LAUNCH
FUND BENCHMARK
Annualised Deviation 13.8% 12.3%
Maximum Drawdown (17.7)% (14.0)%
Maximum Gain 22.7% 24.8%
Positive Months 60.9% 60.0%
Sharpe Ratio 0.4% 0.5%
BEST AND WORST PERFORMANCE PERIODS
Best Performing 12 months 48.9% Jan 2013 - Dec 2013
Worst Performing 12 months (7.7)% Apr 2017 - Mar 2018
TOP 10 HOLDINGS
AS AT 31 March 2019 % OF FUND
Alphabet Inc 3.6%
British American Tobacco Plc 3.6%
Charter Communication A 3.5%
Blackstone Group 2.2%
Altice Financing SA 2.0%
Airbus Group SE 1.9%
Philip Morris Int Inc 1.8%
Anheuser-Busch Inbev 1.8%
Facebook Inc. 1.8%
Citi Group Inc 1.5%
FEES (EXCL.VAT)
INITIAL FEE Coronation: 0.00%
ANNUAL MANAGEMENT FEE

1.25%

An annual fee of 1.25% is payable. Of the annual fee, 0.40% of the above fee is collected at feeder fund level, while the balance of the fee is collected in the master fund. The component of the fund fee charged at feeder fund level is subject to VAT. Other costs that are incurred in the fund include fees payable to unconnected international fund managers on a portion of assets situated offshore as well as 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) 1.55% per annum, which includes a performance fee of 0%
TRANSACTION COSTS 0.15
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.