Funds A-Z

Coronation Balanced Defensive Fund (P)

Coronation Balanced Defensive Fund (P)
South African--Multi Asset--Low Equity
Fund Code: CBDB4
Inception Date: 01 October 2012
Regulation 28 Compliant: Yes

Pricing and Rank Information
Latest price 08 July 2020 R 1.84
12 month sector rank99 / 156
12 month overall rank684 / 1315
12 month volatility10.65
Performance as at 08 July 2020 1
InvestedPriceIncomeTotal
3 months 7.26% 1.10% 8.36%
6 months -2.70% 2.22% -0.48%
1 year -1.80% 4.59% 2.79%
3 years 2.42% 15.05% 17.47%
5 years 7.25% 26.18% 33.43%
Fund fee and expense information
Fees
Management company annual fee2 0.98%
Negotiated management company rebate 0.00%
Expenses
Fund TER as at 31 March 2020 1.11%
Less management company rebate 0.00%
Total Fund Expense 1.11%
Assets under management
Latest total assetsR 28,296.28m
Assets as at 31 March 2020 R 26,780.80m
Previous quarterR 30,591.03m
MoveR -3,810.23m
Income declaration and payment
Declaration30 June 2020
PaymentR 0.0188

Fees include VAT

  1. Price performances are based on historical price data, using a NAV price by NAV price comparison and exclude management company initial fees. Income performances are based on interest and dividend distributions of the fund.
  2. Management company annual fees are included into price and distributions paid.


Price History

Asset Allocation as at 31 March 2020
Domestic Bonds R 14499.13m (54.14%)  
Foreign Bonds R 1191.75m (4.45%)
Domestic Cash R -1031.06m (-3.85%)  
Foreign Cash R 1925.54m (7.19%)
Domestic Equity R 5907.84m (22.06%)  
Foreign Equity R 3583.27m (13.38%)
Domestic Property R 656.13m (2.45%)  
Foreign Property R 48.21m (0.18%)

Top Holdings Top Holdings Top Holdings
As at end March 2020 As at end December 2019 As at end September 2019
HOLDING % OF FUND HOLDING % OF FUND HOLDING % OF FUND
Bond Exchange of South Africa 19.89% Bond Exchange of South Africa 18.45% Bond Exchange of South Africa 20.07%
Foreign - Equities 9.26% Equity 14.69% Resources positions individually less than 1% of fund 14.03%
Equity 8.78% Foreign - Equities 8.10% Foreign - Bonds 10.27%
Foreign - Bonds 8.02% Foreign - Bonds 7.20% Foreign - Equities 9.13%
Cash on call 5.33% Property positions individually less than 1% of fund 4.93% Property positions individually less than 1% of fund 5.08%
Bond Exchange of South Africa 4.07% Bond Exchange of South Africa 4.40% Bond Exchange of South Africa 3.86%
Bond Exchange of South Africa 3.92% Bond Exchange of South Africa 3.56% Bond Exchange of South Africa 2.80%
Bond Exchange of South Africa 3.78% Bond Exchange of South Africa 2.85% Bond Exchange of South Africa 2.41%
Foreign - Currency 3.57% Bond Exchange of South Africa 2.57% Egerton Capital Equity Fund 1.88%
Property positions individually less than 1% of fund 2.45% Bond Exchange of South Africa 2.43% Foreign - Currency 1.79%
Total 69.07% Total 69.18% Total 71.32%

Fund Manager(s)

Charles de Kock

Pallavi Ambekar

Fund Overview
Objective
The fund aims to provide a reasonable level of current income and seeks to preserve capital in real terms, with lower volatility over the medium to long-term. The fund's return objective is to outperform cash plus 3% and it is not a guaranteed fund. The fund is broadly diversified across all asset classes and sectors and will follow an active asset allocation strategy, combined with an appropriate security selection process. The fund complies with Regulation 28 of the South African Pension Funds Act, which limits exposure to listed real estate and international assets to 25% and 15% respectively. In addition, exposure to a combination of domestic and foreign equities may not exceed 40%.
Benchmark
CPI plus 3%