Market Plus

Worldwide - Multi Asset - Flexible

Maximising long-term returns for discretionary saver

GENERAL INVESTOR REPORT

FUND DESCRIPTION:

Best investment views across all asset classes for discretionary savers.

INVESTOR PROFILE:

The fund is suitable for investors: Building up long-term capital outside of a retirement fund. Requiring a somewhat aggressive capital growth portfolio. Looking to preserve the purchasing power of their capital over the long term. With a time horizon of five years or longer. The fund is not suitable to highly risk-averse investors

BENCHMARK:

Composite (52.5% equity, 22.5% bonds, 20% international, 5% cash)

FUND MANAGER:

Neville Chester and Nicholas Stein

LAUNCH DATE: 02 July 2001
FUND SIZE: R 4.46 billion
NAV (22 March 2019): 8016.61
NUMBER OF A - UNITS: 25762133.89
TIME HORIZON: 5 years +
REGULATION 28: No
RISK RATING:

The fund aims to maximise long-term investment growth, at lower levels of risk than a fund only invested in shares. The fund has been a top quartile performer since launch in 2001.

Not Available

PERFORMANCE FOR VARIOUS PERIODS AFTER FEES
FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 1,129.9% 825.5% 304.5%
Since Launch (annualised) 15.3% 13.4% 1.8%
Latest 15 years (annualised) 14.5% 13.8% 0.6%
Latest 10 years (annualised) 13.8% 13.6% 0.2%
Latest 5 years (annualised) 5.3% 8.2% (2.9)%
Latest 3 years (annualised) 5.3% 7.9% (2.7)%
Latest 1 year 0.3% 4.9% (4.7)%
Year to date 5.8% 5.0% 0.8%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2019 2018 2017 2016
JAN 1.5% 0.4% 2.6% (3.1)%
FEB 4.2% (2.1)% (0.2)% 1.1%
MAR - (2.1)% 2.0% 5.2%
APR - 3.5% 2.1% 1.3%
MAY - (2.1)% 0.0% 3.4%
JUN - 2.4% (1.8)% (4.1)%
JUL - (0.5)% 4.5% 1.5%
AUG - 2.4% 0.6% 3.4%
SEP - (3.4)% 0.7% (1.6)%
OCT - (1.3)% 4.1% (2.6)%
NOV - (5.1)% (1.3)% 0.2%
DEC - 1.2% (2.9)% 0.6%
YTD 5.8% (6.9)% 10.4% 5.0%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
28 Sep 2018 01 Oct 2018 177.41 84.31 93.10
29 Mar 2018 03 Apr 2018 127.63 38.32 89.31
29 Sep 2017 02 Oct 2017 128.57 46.49 82.08
31 Mar 2017 03 Apr 2017 106.51 29.12 77.39
RISK STATISTICS SINCE LAUNCH
FUND BENCHMARK
Annualised Deviation 10.5% 10.0%
Maximum Drawdown (24.4)% (23.6)%
Maximum Gain 36.7% 29.3%
Positive Months 66.0% 67.0%
Sharpe Ratio 0.7% 0.5%
BEST AND WORST PERFORMANCE PERIODS
Best Performing 12 months 50% Aug 2004 - Jul 2005
Worst Performing 12 months (20.1)% Mar 2008 - Feb 2009
TOP 10 HOLDINGS
AS AT 31 December 2018 % OF FUND
Naspers Ltd 5.0%
Anglo American Plc 3.8%
British American Tobacco Plc 3.4%
INTU Properties 3.3%
MTN Group Ltd 3.1%
Standard Bank Group Ltd 2.9%
Egerton Capital Equity Fund 2.5%
Contrarius Global Absolute Fund 2.2%
Maverick Capital 1.9%
Lansdowne Capital 1.8%
FEES (EXCL.VAT)
INITIAL FEE Coronation: 0.00%
ANNUAL MANAGEMENT FEE

1.25%

1.25% (TFI Class A)

An annual fee of a minimum of 0.75% and a maximum of 2.40% is payable, depending on the fund’s performance.

If the fund’s return (after fees and costs) is equal to that of its benchmark, an annual fee of 1.25% will be charged. We share in 20% of performance above the benchmark plus 2%, up to a maximum annual total fee of 2.40%. Performance is measured over a rolling 24-month period. When the fund underperforms the benchmark over any 60-month period, the fee is reduced by 0.50%.

TFI Class A - An annual fee of 1.25% is payable. This class in only available for Tax Free Investments.


All fees exclude VAT. Fund expenses 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.

TOTAL EXPENSE RATIO (TER) 1.47% per annum, which includes a performance fee of 0%
TRANSACTION COSTS 0.15
ADVICE COSTS (EXCLUDING VAT)

Coronation does not provide financial advice and therefore does not charge advice fees. However, investments are often placed on your behalf by a financial adviser, in which case fees are negotiated directly between you and your adviser, within the following ranges: Initial 0.00% - 3.00%, Ongoing 0.00% - 1.00% when the initial fee is less than 1.50%, 0.00% - 0.50% when the initial fee is more than 1.50% . Sharing of annual management fees: A portion of Coronation’s annual management fee may be paid to administration platforms as a subsidy for administrative and advice costs incurred when investing through these channels. Where commission and incentives are paid, these are included in the overall costs.