Coronation Global Strategic USD Income Fund

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Coronation Global Strategic USD Income Fund

Coronation Global Strategic USD Income Fund

Coronation Global Fund Managers (Ireland) Limited
	Coronation Global Strategic USD Income Fund
		News
		Sectorial Portfolio Structure(Semi-Annual Comparison)

Price

Ranking

Sector:	Global-Fixed Interest-Bond
Size:	(USD) 249 920 000

Sector Rank:	4 out of 39
(lump sum over 3 years to 30 Nov 2024)

Overall Rank:	179 out of 485
(lump sum over 3 years to 30 Nov 2024)

R20000 invested on 30 Nov 2021 was worth R25 060 at 30 Nov 2024
(7.81% annual compound return)

R5000 per month since 30 Nov 2021 was worth R200 824 at 30 Nov 2024
(7.00% annual return compounded monthly)

Please note that offshore fund performance figures are calculated from NAV prices (ie, equivalent to sell-to-sell) and therefore not directly comparable to domestic fund performance figures on this site.

Management
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.

Seamus Vasey, BCom (Hons), MSc

Focus and Objective
The fund invests between 75% and 100% of its assets in a wide variety of fixed income assets. This may include bonds, money market instruments and other debt securities issued by international governments, banks and other companies or institutions. Up to 25% of the fund may be invested in listed property, preference shares and other forms of hybrid debt or equity instruments. While the fund may invest in instruments in any currency, its effective exposure to the US dollar will at least be 75% at all times. The fund is mandated to use derivative instruments for efficient portfolio management purposes. The average duration in the fund will typically not exceed three years.

Technical Overview
Benchmark:	110% of Secured Overnight Financing Rate (SOFR)
Base currency:	USD	Domicile	Ireland