Coronation Top 20 Fund

Fund Objectives

The Top 20 Fund aims to outperform the South African equity market over the longer term by investing in a concentrated, large cap biased portfolio of JSE listed equity securities

Investment Strategy

The fund will only invest in listed shares on the JSE . The fund's objective is to achieve long-term capital appreciation that is in excess of the FTSE/JSE All Share Capped Index. The funds holdings will be very concentrated. It will at all times invest in between ten and twenty large cap shares, with between 5% and 10% of the fund's total value invested in each share. Equity exposure will vary between 75% and 100% of the fund value.

Investment Performance

Annual Return and Maximum Drawdown Figures Updated: 16 Sep 2021
2 years 3 years 5 years 7 years 10 years Maximum Drawdown
14.85% 11.09% 8.32% 6.88% n/a -20.40%

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 0.55%

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 and and a performance based fee. The base fee is 0.68% (incl.VAT). The performance fee is calculated as 20% of the outperformance of the benchmark measured over a 2-year rolling period capped at 2.28% (incl.VAT) p.a. When the fund performance is below the benchmark over a 5-year rolling period, the base fee is discounted to 0.11% (incl.VAT).

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 aggressive investments.

Fund Asset Allocation

Asset allocation as of
31 Dec 2020

Tools

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.