Global Opportunities Equity [ZAR] Feeder

Global - Equity - General

Exposure to global equities with a developed market bias

GENERAL INVESTOR REPORT

FUND DESCRIPTION:

Providing access to the best global equity managers.

INVESTOR PROFILE:

 The fund is suitable for investors: Who are over-exposed to South African investments and require to diversify their portfolios into foreign equity markets. Seeking exposure to foreign equity 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). Who have utilised their full individual offshore allowance and require additional exposure to global markets. Who are able to withstand short-term market fluctuations in pursuit of maximum total returns over the long term. The fund is not suitable as a single investment holding for long-term investors evaluating the performance of their portfolio in rands.

BENCHMARK:

MSCI All Country World Index (Rands)

FUND MANAGER:

Tony Gibson and Karl Leinberger

LAUNCH DATE: 01 August 1997
FUND SIZE: R 7.23 billion
NAV (22 March 2019): 11852.44
NUMBER OF A - UNITS: 15974051.26
TIME HORIZON: 5 years +
REGULATION 28: No
RISK RATING:

Outperformed the global equity market with less risk since launch in 1997.

Not Available

PERFORMANCE FOR VARIOUS PERIODS AFTER FEES
FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 1,130.2% 945.2% 185.0%
Since Launch (annualised) 12.3% 11.5% 0.8%
Latest 20 years (annualised) 11.2% 9.9% 1.3%
Latest 15 years (annualised) 11.9% 12.6% (0.7)%
Latest 10 years (annualised) 14.9% 17.4% (2.5)%
Latest 5 years (annualised) 10.9% 12.7% (1.8)%
Latest 3 years (annualised) 6.3% 8.5% (2.2)%
Latest 1 year 13.7% 18.4% (4.7)%
Year to date 12.4% 8.7% 3.7%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2019 2018 2017 2016
JAN 1.6% 2.3% 1.1% (7.7)%
FEB 10.6% (3.0)% 0.0% 1.2%
MAR - (4.2)% 3.6% (1.0)%
APR - 6.7% 1.9% (2.3)%
MAY - 2.2% 1.2% 10.8%
JUN - 9.0% (0.6)% (10.9)%
JUL - (2.4)% 4.2% 0.3%
AUG - 11.9% (1.6)% 7.9%
SEP - (3.5)% 5.4% (5.9)%
OCT - (6.0)% 6.0% (4.0)%
NOV - (5.7)% (1.9)% 3.7%
DEC - (5.0)% (6.9)% (1.9)%
YTD 12.4% 0.4% 12.3% (11.3)%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
29 Sep 2000 02 Oct 2000 2.03 0.01 2.02
30 Sep 1999 01 Oct 1999 4.01 0.00 4.01
31 Mar 1999 31 Mar 1999 41.15 2.20 38.95
30 Sep 1998 30 Sep 1998 11.19 1.77 9.42
RISK STATISTICS SINCE LAUNCH
FUND BENCHMARK
Annualised Deviation 16.3% 16.9%
Maximum Drawdown (45.3)% (50.7)%
Maximum Gain 51.7% 53.2%
Positive Months 61.0% 57.5%
Sharpe Ratio 0.3% 0.2%
BEST AND WORST PERFORMANCE PERIODS
Best Performing 12 months 66.2% Apr 1999 - Mar 2000
Worst Performing 12 months 36.1% Oct 2002 - Sep 2003
FEES (EXCL.VAT)
INITIAL FEE Coronation: 0.00%
ANNUAL MANAGEMENT FEE

0.85%

An annual fee of 0.85% is payable. Of the annual fee, 0.40% 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 annual fees paid to unconnected underlying fund managers, 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) 2.29% per annum, which includes a performance fee of 0%
TRANSACTION COSTS 0.12
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.