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 18 November 2019 R 1.90
12 month sector rank61 / 148
12 month overall rank631 / 1265
12 month volatility3.88
Performance as at 18 November 2019 1
InvestedPriceIncomeTotal
3 months 2.20% 1.16% 3.36%
6 months 1.32% 2.28% 3.60%
1 year 4.28% 4.99% 9.27%
3 years 6.35% 15.25% 21.60%
5 years 12.98% 26.68% 39.66%
Fund fee and expense information
Fees
Management company annual fee2 0.98%
Negotiated management company rebate 0.00%
Expenses
Fund TER as at 30 September 2019 1.13%
Less management company rebate 0.00%
Total Fund Expense 1.13%
Assets under management
Latest total assetsR 31,745.75m
Assets as at 30 September 2019 R 31,993.08m
Previous quarterR 33,207.82m
MoveR -1,214.74m
Income declaration and payment
Declaration30 September 2019
PaymentR 0.0214

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 30 September 2019
Domestic Bonds R 15548.63m (48.6%)  
Foreign Bonds R 1580.46m (4.94%)
Domestic Cash R -1010.98m (-3.16%)  
Foreign Cash R 2060.35m (6.44%)
Domestic Equity R 7409.60m (23.16%)  
Foreign Equity R 4587.81m (14.34%)
Domestic Property R 1625.25m (5.08%)  
Foreign Property R 191.96m (0.6%)

Top Holdings Top Holdings Top Holdings
As at end September 2019 As at end June 2019 As at end March 2019
HOLDING % OF FUND HOLDING % OF FUND HOLDING % OF FUND
Bond Exchange of South Africa 20.07% Bond Exchange of South Africa 25.21% Bond Exchange of South Africa 27.50%
Resources positions individually less than 1% of fund 14.03% Equity 13.69% Equity 13.28%
Foreign - Bonds 10.27% Foreign - Bonds 8.57% Foreign - Bonds 8.27%
Foreign - Equities 9.13% Foreign - Equities 8.44% Foreign - Equities 7.20%
Property positions individually less than 1% of fund 5.08% Property positions individually less than 1% of fund 5.37% Property positions individually less than 1% of fund 6.18%
Bond Exchange of South Africa 3.86% Bond Exchange of South Africa 3.89% Bond Exchange of South Africa 3.83%
Bond Exchange of South Africa 2.80% Bond Exchange of South Africa 2.70% Bond Exchange of South Africa 2.58%
Bond Exchange of South Africa 2.41% Naspers Ltd. 2.24% Foreign - Currency 2.27%
Egerton Capital Equity Fund 1.88% Foreign - Currency 2.23% Naspers Ltd. 2.24%
Foreign - Currency 1.79% Bond Exchange of South Africa 1.88% Cash on call 1.91%
Total 71.32% Total 74.22% Total 75.26%

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%