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-0.11  /  -0.05%


NAV on 2021/09/16
NAV on 2021/09/15 203.1
52 week high on 2021/08/27 206.57
52 week low on 2020/10/30 183.28
Total Expense Ratio on 2021/06/30 1.55
Total Expense Ratio (performance fee) on 2021/06/30 0
Incl Dividends
1 month change -1.29% -1.29%
3 month change -0.35% 0.41%
6 month change -0.22% 1.16%
1 year change 7.62% 11.23%
5 year change 2.26% 6.31%
10 year change 5.13% 8.94%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Basic Materials 5763.25 19.25%
Consumer Discretionary 600.23 2.00%
Financials 1043.79 3.49%
General Equity 241.80 0.81%
Liquid Assets 797.39 2.66%
SA Bonds 12394.86 41.40%
Specialist Securities 335.88 1.12%
Technology 940.39 3.14%
Offshore 7823.53 26.14%
  • Top five holdings
 NASPERS-N 940.39 3.14%
 ANGLO 765.80 2.56%
EGERTONCAP 701.62 2.34%
 BATS 600.23 2%
O-CONTGEQ 429.65 1.44%
  • Performance against peers
  • Fund data  
Management company:
Coronation Fund Managers Ltd.
Formation date:
ISIN code:
Short name:
South African--Multi Asset--Low Equity
CPI plus 3%
  • Fund management  
Charles de Kock
Charles heads up the Absolute Return investment unit and is a portfolio manager across all strategies within the unit. He also co-manages the Coronation Balanced Defensive and Capital Plus unit trust funds. Charles has more than 30 years’ investment experience, plays a leadership role in the asset allocation process and is involved in all investment discussions.
Neill Young
Neill joined Coronation in 1998 after completing his articles at Deloitte and working in Luxembourg and New York. He currently co-manages institutional portfolios within Coronation's core equity and balanced portfolio ranges as well as the Coronation Financial and Balanced Defensive funds.
Pallavi Ambekar
Pallavi is a senior portfolio manager responsible for the co-management of institutional portfolios within the Absolute Return strategy as well as the Coronation Balanced Defensive and Capital Plus unit trust funds. She has 17 years’ investment experience. She also has research responsibility for certain large capitalisation shares listed on the JSE.  

  • Fund manager's comment

2020/02/17 00:00:00
Balanced Defensive is in the first instance managed to protect capital over any 12-month period. In addition, we aim to achieve reasonable investment growth over the long run. It is specifically managed to suit very cautious investors who want to draw an income over an extended period of time.
  • Fund focus and 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%.

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