Optimum Growth

Worldwide - Multi Asset - Flexible

Exposure to worldwide assets with a bias towards equities

GENERAL INVESTOR REPORT

FUND DESCRIPTION:

Best rand risk-adjusted returns from a global multi-asset portfolio.

INVESTOR PROFILE:

 The fund is suitable for investors: Looking for a balanced exposure to both domestic and international assets. Who are comfortable to grant Coronation a wide degree of discretion. Who are in their wealth build-up phase and require little income yield in the short term. Who are able to withstand short-term market and currency fluctuations in pursuit of maximum total returns over the long term. Who intends following a core/satellite approach, using this fund as a core fund.

BENCHMARK:

Composite: 35% local equities, 35% international equities, 15% local bonds and 15% international bonds

FUND MANAGER:

Gavin Joubert and Marc Talpert

LAUNCH DATE: 15 March 1999
FUND SIZE: R 6.92 billion
NAV (26 March 2019): 11351.21
NUMBER OF A - UNITS: 14695418.04
TIME HORIZON: 5 years +
REGULATION 28: No
RISK RATING:

The fund aims to maximise long-term growth by investing a range of opportunities availabe in both South Africa and around the world. The fund has been a top quartile performer since launch.

Not Available

PERFORMANCE FOR VARIOUS PERIODS AFTER FEES
FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 1,267.6% 751.7% 515.9%
Since Launch (annualised) 14.0% 11.4% 2.7%
Latest 15 years (annualised) 12.9% 12.7% 0.3%
Latest 10 years (annualised) 15.8% 13.8% 2.0%
Latest 5 years (annualised) 9.0% 9.2% (0.1)%
Latest 3 years (annualised) 7.9% 7.2% 0.7%
Latest 1 year 12.7% 9.9% 2.8%
Year to date 10.3% 5.4% 4.9%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2019 2018 2017 2016
JAN 1.3% 1.5% 2.5% (5.7)%
FEB 9.0% (4.6)% 0.4% 0.9%
MAR - (2.4)% 3.0% 3.3%
APR - 3.8% 4.3% (2.7)%
MAY - (1.0)% 1.3% 9.7%
JUN - 7.6% (2.1)% (7.6)%
JUL - (2.2)% 6.0% 0.5%
AUG - 9.2% (0.6)% 7.4%
SEP - (4.2)% 4.8% (4.4)%
OCT - 0.0% 4.3% (2.5)%
NOV - (7.2)% (2.1)% 1.6%
DEC - (0.2)% (8.0)% (2.7)%
YTD 10.3% (1.2)% 13.7% (3.5)%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
28 Sep 2018 01 Oct 2018 69.10 67.56 1.54
29 Sep 2017 02 Oct 2017 15.67 13.67 2.00
31 Mar 2017 03 Apr 2017 23.05 23.05 0.00
31 Mar 2016 01 Apr 2016 2.88 0.82 2.06
RISK STATISTICS SINCE LAUNCH
FUND BENCHMARK
Annualised Deviation 12.5% 10.8%
Downside Deviation 7.2% 5.6%
Positive Months 64.9% 62.8%
Sharpe Ratio 0.4% 0.3%
BEST AND WORST PERFORMANCE PERIODS
Best Performing 12 months 51.1% Jan 2013 - Dec 2013
Worst Performing 12 months (31.5)% Mar 2008 - Feb 2009
TOP 10 HOLDINGS
AS AT 31 December 2018 % OF FUND
British American Tobacco Plc 3.8%
58 Com Inc-Adr 3.7%
Naspers Ltd 3.1%
JD.com Inc Adr 2.8%
Adidas AG 2.7%
Philip Morris Int Inc 2.7%
Alphabet Inc 2.7%
Magnit Ojsc-Spon 2.6%
Morgan Stanley Asia Prod 2.6%
Blackstone Group 2.5%
FEES (EXCL.VAT)
INITIAL FEE Coronation: 0.00%
ANNUAL MANAGEMENT FEE

Minimum: 1.00%
Minimum - discounted: 0.85%
Maximum: 2.40% 
Sharing Rate: 20.00%

An annual fee of a minimum of 0.85% and a maximum of 2.40%, depending on the fund’s performance, is payable. If the fund’s return (after fees and costs) is equal to that of its benchmark, a fee of 1.00% will be charged. We share in 20% of the outperformance above the benchmark, up to a maximum total annual 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 to 0.85%. All fees exclude VAT. 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 any fees to access or withdraw from the fund.

TOTAL EXPENSE RATIO (TER) 1.41% per annum, which includes a performance fee of 0.17%
TRANSACTION COSTS 0.17
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.