Coronation Global Managed [ZAR] Feeder Fund

Fund Objectives

The objective is to outperform the global markets as measured by the composite MSCI/Bond benchmark over 3-5 year period.

Investment Strategy

To maximise long-term capital appreciation, measured against a benchmark comprising 60% MSCI (TR) Index and 40% Citigroup World Government Bond Index, by investing across multiple asset classes and global markets. In order to achieve this objective the portfolio will use an active security selection process, combined with a strategy of variable exposure across asset classes, regions, themes and market sectors. While the portfolio will be managed with an equity bias over time with an expected average equity exposure of between 60% and 70% over any rolling 5 year period, the exposure to equity securities, interest-bearing securities, financial instruments and assets in liquid form in the portfolio may be actively managed according to the investment manager’s view of changing economic and market conditions. The portfolio may be invest in any of these securities or in any combination thereof, subject only to the statutory investment limitations.

Investment Performance

Annual Return and Maximum Drawdown Figures Updated: 01 Jan 1900
2 years 3 years 5 years 7 years 10 years Maximum Drawdown
3.68% 1.52% 8.34% 14.53% n/a -17.68%

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 1.84%

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?

The Fund charges a fixed fee reflected in a combination of the feeder and underlying fund fees. In the feeder fund a nominal fee of 0.57% (incl VAT) is charged. In the underlying fund a fixed fee with of 1.00% (VAT exempt) per annum is charged.

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 moderate investments.

Fund Asset Allocation

Asset allocation as of
30 Sep 2018

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Disclaimer

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.