Coronation Balanced Defensive Fund

Fund Objectives

The Fund is in the first instance managed to protect capital over any twelve-month period. In addition, we aim to achieve reasonable investment growth over the long run.

Investment Strategy

The Coronation Balanced Defensive Fund aims to provide growing income and capital while remaining focused on the stability of capital in the medium term. The fund will seek to balance a reasonable level of current income with long-term preservation of capital in real terms. In order to achieve these objectives the portfolio will use an active asset allocation strategy, combined with an appropriate security selection process. The exposure to equity securities, interest-bearing securities, financial instruments and assets in liquid form in the portfolio will be managed to reflect changing economic and market conditions both locally and abroad. The portfolio may be invested in either of these securities or in any combination thereof, subject to the following limitations: In addition to the normal statutory investment limitations, allocations will be appropriate for retirement schemes and exposure to a combination of domestic and foreign equities may not exceed 40%.

Investment Performance

Annual Return and Maximum Drawdown Figures Updated: 04 Jun 2020
2 years 3 years 5 years 7 years 10 years Maximum Drawdown
5.33% 5.70% 5.84% 7.10% n/a -10.36%

Fund and Adviser Fees

Adviser Fees Administration Fees Management Fees
Upfront Annual Standard Manager Discount Effective Annual Fee Total Expense Ratio (TER)
0.00% 0.50% not available not available not available 1.26%

All fees shown exclude VAT. Data provided by Morningstar and Allan Gray / Investec.

What are adviser fees?

Adviser fees are paid to Beanstalk. We do not charge an upfront fee and our annual fee is very low at just 0.50% (+ VAT where applicable).

What are administration fees?

Annual administration fees are charged by Allan Gray Investment Services Proprietary Limited or Investec Management Services (Pty) Ltd for ongoing administation. The fee applicable to your investment depends on the unit trusts you have selected and the value of your investment. A negative annual administration fee means you will pay no annual administration fee and will receive additional units into your account.

What are management fees?

Fund charges a fixed fee of 0.97% (incl.VAT), with no performance component.

Management fees are expenses included in the price of your selected unit trust(s). These expenses are not charged as separate fees, but are built into the unit price of the unit trusts you select. The fees shown include VAT where applicable. Values are calculated using more decimal places than are displayed.

Fund Positioning

This fund is suitable for conservative investments.

Fund Asset Allocation

Asset allocation as of
31 Dec 2019



Please note that while every effort is taken to ensure the accuracy of this information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the fund information presented on this page. All data is provided by Morningstar, Allan Gray and Investec.