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Coronation Defensive Income Fund  |  South African-Interest Bearing-Short Term
11.1519    +0.0024    (+0.022%)
NAV price (ZAR) Tue 25 Feb 2025 (change prev day)


 
Technical Details  
 

Formation Date (A)

3 Apr 2000

Fund Size (ZAR)

2 298 172 815

Domicile

South Africa

Reporting Currency

ZAR

JSE Code (A)

CIMF

ISIN (A)

ZAE000023867

Pricing

Daily

Number of unitholders

391

ASISA Category

SA-Interest Bearing-Short Term

Benchmark

Alexander Forbes 3-month (SteFI) Index (gross of fees)

Income Distributions

31/03,30/06,30/09,31/12

Income Payment

01/04,01/07,01/10,02/01

Trustee

Standard Chartered Bank

Management Company

Coronation Management Company (RF) (Pty) Ltd.

Fund Management

Mauro Longano, Nishan Maharaj, Sinovuyo Ndaleni

Minimum Investment

R5 000

Minimum Top-Up

-

Minimum Monthly

R500

Risk Rating

Low

 
Fund Objective  
 
Aims to provide a high level of current income with moderate levels of capital growth. Stability of capital invested is of prime focus.
 
Management  
 
Mauro Longano (BScEng (Hons), CA (SA))
Mauro is head of Fixed Interest research and a portfolio manager within the team. He co-manages the Strategic Cash Strategy along with the Strategic Income and Money Market unit trust funds. Mauro is also involved in credit research and pricing. He has nine years’ investment experience.

Nishan Maharaj (Bsc (Hons), MBA)
Nishan is head of Fixed Interest and responsible for the investment unit’s process and performance across all strategies. He also manages the majority of fixed interest assets. Nishan has 17 years’ investment experience.

Sinovuyo Ndaleni (BBusSc)
 
Fees and Costs - Class A
 
Initial Fee0.00%
Advisor Initial Feen/a
Annual Management Fee0.5175%
Performance Fee-
Advisor Annual Feen/a
Trailer Fee-
Exit Fee-
TER (31/12)0.53%
TER Performance Fee0.00%
Transaction Costs Ratio0.00%
Total TER0.53%
 
Distribution - Class A
DeclaredPayAmountClassCurrency
31 Dec 20242 Jan 202523.472AZARc
30 Sep 20241 Oct 202424.267AZARc
30 Jun 20241 Jul 202424.089AZARc
31 Mar 20242 Apr 202423.365AZARc
31 Dec 20232 Jan 202423.755AZARc
30 Sep 20232 Oct 202323.614AZARc
30 Jun 20233 Jul 202322.331AZARc
31 Mar 20233 Apr 202320.690AZARc
31 Dec 20223 Jan 202318.427AZARc
30 Sep 20223 Oct 202215.801AZARc
 
Statutory Data
 
Management CompanyCoronation Management Company (RF) (Pty) Ltd.
Registration Number1973/009318/06
DirectorsLulama Boyce, Mary-Anne Musekiwa, Madichaba Nhlumayo, Anton Pillay, Cindy Robertson (Appointed 1 October 2024), Alexandra Watson (Retired from board 30 September 2024)
TrusteeStandard Chartered Bank
AuditorsKPMG
Sponsors-
AdvisorsCoronation Asset Management (Pty) Ltd.
Physical AddressSeventh Floor, MontClare Place cnr Campground & Main Roads Claremont, Cape Town 7708
Postal AddressPO Box 44684 Cape Town 7735
Telephone021-680-2000
Tollfree0800-221-177
Fax021-680-2100
Email[email protected]
Websitehttp://www.coronation.com

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