Money Market

South African - Interest Bearing - Money Market

Concentrated exposure to short-term instruments with maturities of less than a year

GENERAL INVESTOR REPORT

FUND DESCRIPTION:

Our lowest risk fund that aims to provide a higher level of income than fixed deposits and call accounts.

INVESTOR PROFILE:

The fund is suitable for investors who are: Seeking an alternative to bank deposits and/or a short-term parking place for their capital. Who focus on capital preservation whilst not seeking long-term capital growth. Who wish to diversify their portfolios away from equities, specifically those who favour more stable returns within the fixed interest universe.

BENCHMARK:

3-month Short Term Fixed Interest (STeFI) Index

FUND MANAGER:

Nishan Maharaj, Christine Fourie and Sinovuyo Ndaleni

LAUNCH DATE: 01 October 1999
FUND SIZE: R 8.03 billion
NAV (22 January 2018): 7.81
NUMBER OF A - UNITS: 1385048493.57
TIME HORIZON: 1 month +
REGULATION 28: No
RISK RATING:

The fund is tactically managed to achieve the best possible return achievable from short maturity money market instrument, while aiming to protect capital at all times.The fund has been a top quartile performer since launch in 1999.

Not Available

PERFORMANCE FOR VARIOUS PERIODS
FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 325.4% 313.5% 11.9%
Since Launch (annualised) 8.3% 8.1% 0.2%
Latest 15 years (annualised) 7.7% 7.5% 0.2%
Latest 10 years (annualised) 7.2% 6.8% 0.4%
Latest 5 years (annualised) 6.7% 6.2% 0.5%
Latest 3 years (annualised) 7.4% 6.7% 0.7%
Latest 1 year 7.9% 7.1% 0.8%
Year to date 7.9% 7.1% 0.8%
MONTHLY PERFORMANCE RETURNS
2017 2016 2015
JAN 0.7% 0.6% 0.5%
FEB 0.6% 0.6% 0.5%
MAR 0.7% 0.6% 0.5%
APR 0.6% 0.6% 0.5%
MAY 0.7% 0.6% 0.5%
JUN 0.6% 0.6% 0.5%
JUL 0.7% 0.6% 0.5%
AUG 0.6% 0.6% 0.6%
SEP 0.6% 0.6% 0.5%
OCT 0.6% 0.7% 0.6%
NOV 0.6% 0.7% 0.5%
DEC 0.6% 0.7% 0.6%
YTD 7.9% 7.7% 6.6%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
31 Oct 2017 01 Nov 2017 0.65 0.00 0.65
30 Sep 2017 02 Oct 2017 0.62 0.00 0.62
31 Aug 2017 01 Sep 2017 0.00 0.00 0.00
31 Jul 2017 01 Aug 2017 0.66 0.00 0.66
RISK STATISTICS SINCE LAUNCH
FUND BENCHMARK
Annualised Deviation 0.6% 0.7%
Maximum Drawdown 0.0% 0.0%
Maximum Gain 325.4% 0.0%
Positive Months 100.0% 0.0%
Sharpe Ratio (0.3)% 0.0%
BEST AND WORST PERFORMANCE PERIODS
Best Performing 12 months 12.9% Aug 2002 - Jul 2003
Worst Performing 12 months 5.1% Nov 2012 - Oct 2013
FEES (EXCL.VAT)
INITIAL FEE Coronation: 0.00%
ANNUAL MANAGEMENT FEE

0.25%

An annual fee of 0.25% (excl. VAT) is payable. Other costs that are incurred in the fund include 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) 0.29% per annum, which includes a performance fee of 0%
TRANSACTION COSTS 0
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% - Ongoing 0.25%. 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.