Strategic Income

South African - Multi Asset - Income

Conservative fund for short term investors requiring an immediate income

GENERAL INVESTOR REPORT

FUND DESCRIPTION:

Asset allocation across the yielding asset classes.

INVESTOR PROFILE:

The fund is suitable for investors who are: Looking for an intelligent alternative to cash or bank deposits over periods from 12 to 36 months. Seeking managed exposure to income generating investments. Believers in the benefits of active management within the fixed interest universe.

BENCHMARK:

110% of the STeFI 3-month Index

FUND MANAGER:

Nishan Maharaj and Mark le Roux

LAUNCH DATE: 02 July 2001
FUND SIZE: R 29.39 billion
NAV (22 January 2018): 1553.82
NUMBER OF A - UNITS: 439706216.66
TIME HORIZON: 1 - 3 years
REGULATION 28: Yes
RISK RATING:

Outperformed cash by  2.1% p.a. over the past 5 years and 2.7% p.a. since launch in 2001. 

Not Available

PERFORMANCE FOR VARIOUS PERIODS
FUND BENCHMARK OUTPERFORMANCE
Since Launch (unannualised) 417.3% 291.3% 126.0%
Since Launch (annualised) 10.5% 8.6% 1.9%
Latest 15 years (annualised) 9.9% 8.3% 1.7%
Latest 10 years (annualised) 9.1% 7.6% 1.6%
Latest 5 years (annualised) 8.0% 6.8% 1.2%
Latest 3 years (annualised) 8.4% 7.4% 1.0%
Latest 1 year 9.3% 7.8% 1.5%
Year to date 9.3% 7.8% 1.5%
MONTHLY PERFORMANCE RETURNS
2017 2016 2015
JAN 0.9% 0.7% 1.6%
FEB 0.5% 0.3% (0.1)%
MAR 0.9% 1.5% 0.5%
APR 1.0% 1.0% 0.7%
MAY 0.8% 0.9% 0.1%
JUN 0.4% 0.6% 0.4%
JUL 1.0% 0.9% 1.0%
AUG 0.6% 1.0% 0.4%
SEP 0.8% 0.5% 0.5%
OCT 0.5% 0.3% 1.0%
NOV 0.2% 0.2% 0.3%
DEC 1.4% 0.8% 0.1%
YTD 9.3% 9.3% 6.7%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
29 Dec 2017 02 Jan 2018 27.54 0.72 26.82
29 Sep 2017 02 Oct 2017 27.43 0.86 26.57
30 Jun 2017 03 Jul 2017 28.02 1.13 26.89
31 Mar 2017 03 Apr 2017 27.45 1.24 26.21
RISK STATISTICS SINCE LAUNCH
FUND BENCHMARK
Annualised Deviation 2.6% 0.7%
Maximum Drawdown (1.3)% 0.0%
Maximum Gain 60.5% 0.0%
Positive Months 92.4% 0.0%
Sharpe Ratio 0.9% 0.0%
BEST AND WORST PERFORMANCE PERIODS
Best Performing 12 months 18.7% Nov 2002 - Oct 2003
Worst Performing 12 months 2.6% Jun 2007 - May 2008
FEES (EXCL.VAT)
INITIAL FEE Coronation: 0.00%
ANNUAL MANAGEMENT FEE

0.85%

An annual fee of 0.85% (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 fund costs. We do not charge fees to access or withdraw from the fund.

TOTAL EXPENSE RATIO (TER) 1% per annum, which includes a performance fee of 0%
TRANSACTION COSTS 0.01
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.