SA Equity

South African - Equity - General

Maximising long term returns through exposure to listed equities

GENERAL INVESTOR REPORT

FUND DESCRIPTION:

Best domestic equity view (less concentrated exposure than Top 20).

INVESTOR PROFILE:

 The fund is suitable for investors: Who are in their wealth build-up phase and require little income yield in the short-term. Seeking exposure to the domestic equity market. Who are able to withstand short-term market fluctuations in pursuit of maximum total returns over the long-term.

BENCHMARK:

FTSE/JSE Capped All Share Index (CAPI)

FUND MANAGER:

Karl Leinberger, Sarah-Jane Alexander and Adrian Zetler

LAUNCH DATE: 30 September 2015
FUND SIZE: R 1.07 billion
NAV (26 March 2019): 103.52
NUMBER OF A - UNITS: 7498110.06
TIME HORIZON: 5 years +
REGULATION 28: No
RISK RATING:

The fund aims to achieve the best possible long-term growth from investing in South African shares.

Not Available

PERFORMANCE FOR VARIOUS PERIODS AFTER FEES
FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 6.4% 22.2% (15.8)%
Since Launch (annualised) 1.8% 6.1% (4.2)%
Latest 3 years (annualised) 3.3% 7.0% (3.7)%
Latest 1 year (7.2)% (0.7)% (6.5)%
Year to date 5.7% 6.0% (0.3)%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2019 2018 2017 2016
JAN 2.5% (0.5)% 3.2% (2.7)%
FEB 3.2% (2.1)% (0.7)% 0.9%
MAR - (3.6)% 2.2% 9.0%
APR - 4.4% 3.4% 2.6%
MAY - (4.2)% (1.4)% 0.5%
JUN - 1.0% (4.1)% (2.7)%
JUL - 0.1% 6.0% 2.4%
AUG - 0.2% 1.9% 0.3%
SEP - (4.3)% (2.1)% (0.3)%
OCT - (4.0)% 5.5% (4.2)%
NOV - (4.4)% 1.3% (1.6)%
DEC - 2.3% (1.3)% 1.2%
YTD 5.7% (14.5)% 14.1% 4.9%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
28 Sep 2018 01 Oct 2018 1.42 1.32 0.10
29 Mar 2018 03 Apr 2018 0.38 0.31 0.07
29 Sep 2017 02 Oct 2017 0.73 0.67 0.06
31 Mar 2017 03 Apr 2017 0.54 0.48 0.06
RISK STATISTICS SINCE LAUNCH
FUND BENCHMARK
Annualised Deviation 11.7% 11.4%
Maximum Drawdown (17.5)% (12.3)%
Maximum Gain 13.4% 11.2%
Positive Months 53.7% 56.1%
Sharpe Ratio (0.5)% (0.1)%
BEST AND WORST PERFORMANCE PERIODS
Best Performing 12 months 17.1% Dec 2016 - Nov 2017
Worst Performing 12 months (17.5)% Dec 2017 - Nov 2018
TOP 10 HOLDINGS
AS AT 31 December 2018 % OF FUND
Naspers Ltd 9.4%
Anglo American Plc 8.7%
British American Tobacco Plc 8.2%
MTN Group Ltd 6.1%
Nedbank Group Ltd 5.6%
Northam Platinum Ltd 3.9%
Spar Group Ltd 3.9%
Standard Bank Group Ltd 3.8%
RMB Holdings 3.3%
Pick 'N Pay Stores 3.2%
FEES (EXCL.VAT)
INITIAL FEE Coronation: 0.00%
ANNUAL MANAGEMENT FEE

Minimum - standard: 1.10%
Minimum - discounted: 0.75%
Maximum: 2.60%
Sharing Rate: 20.00%

An annual fee of a minimum of 0.75% and a maximum of 2.6%, depending on the fund’s performance, is payable. If the fund’s return (after fees and costs) is equal to that of the benchmark, a fee of 1.10% will be charged. We share in 20% of the performance above the benchmark, up to a total annual fee of 2.6%. Performance is measured over a rolling 24-month period. When the fund return is below the benchmark over a rolling 60-month period the fee is discounted to 0.75%. 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 fund costs. We do not charge fees to access or withdraw from the fund.

TOTAL EXPENSE RATIO (TER) 1.45% per annum, which includes a performance fee of 0.01%
TRANSACTION COSTS 0.86
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.