NAM CORONATION CAPITAL PLUS Class A as at 30 September 2014 Fund category Namibian Targeted Absolute and Real Return Funds A fully managed investment solution diversified across the various asset classes and sectors. Its asset allocation is compliant with Regulation 28 of the Pension Funds Act. 01 November 2007 Fund description Fund launch date Portfolio manager/s N$567.15 million 160.48 cents Namibian Consumer Price Index plus 4% p.a Fund size NAV Benchmark Risk Eino Emvula, Charles de Kock & Henk Groenewald PERFORMANCE AND RISK STATISTICS PORTFOLIO DETAIL GROWTH OF A N$100,000 INVESTMENT EFFECTIVE ASSET ALLOCATION EXPOSURE 30 Sep 2014 Sector Namibian Assets 40.5% Equities Bonds Cash 6.9% 10.0% 23.6% South African Assets 33.5% Equities Preference Shares & Other Securities Real Estate Bonds Commodities Cash 18.7% 0.1% 5.1% 5.2% 1.1% 3.2% International Assets 26.1% Equities Cash PERFORMANCE FOR VARIOUS PERIODS TOP 10 HOLDINGS Fund Benchmark Outperformance 110.8% 100.0% 10.7% Since Launch (annualised) 11.7% 10.5% 1.2% Latest 5 years (annualised) 12.0% 9.3% 2.7% Latest 3 years (annualised) 13.6% 9.9% 3.7% Latest 1 year (annualised) 9.2% 9.3% (0.1)% Since Launch (unannualised) 26.1% 0.0% Year to date As at 30 Sep 2014 % of Fund Coronation Global Capital Plus Fund Coronation Global Equity FoF Coronation Global Managed Fund Anglo American Plc Coronation Global Emerging Markets Fund MTN Group Ltd British American Tobacco Plc Exxaro Resources Ltd Standard Bank of SA Ltd INTU Properties 5.8% 7.5% (1.7)% 2013 16.3% 8.9% 7.4% 2012 14.4% 10.3% 4.1% 2011 4.9% 11.2% (6.3)% Fund Benchmark Declaration Payment 5.13% 2.87% 0.91 15.80% (2.95)% 72.84 1.89% N/A N/A N/A N/A N/A 30 Sep 2014 31 Mar 2014 30 Sep 2013 28 Mar 2013 30 Sep 2012 30 Mar 2012 01 Oct 2014 01 Apr 2014 01 Oct 2013 02 Apr 2013 01 Oct 2012 02 Apr 2012 13.1% 8.9% 2.3% 2.1% 1.8% 1.5% 1.4% 1.3% 1.2% 1.0% INCOME DISTRIBUTIONS RISK STATISTICS SINCE INCEPTION Annualised Deviation Downside Deviation Sharpe Ratio Maximum Gain Maximum Drawdown Positive Months Amount Dividend Interest 1.72 2.06 2.06 1.93 2.16 2.12 0.54 0.65 0.76 0.74 0.67 0.45 1.18 1.41 1.30 1.19 1.49 1.67 MONTHLY PERFORMANCE RETURNS Fund 2014 Fund 2013 Fund 2012 Jan Feb Mar Apr May Jun Jul Aug Sep (0.43)% 3.56% 2.11% 0.83% (0.16)% 0.75% 0.97% 1.49% 1.00% 0.90% (0.83)% 0.78% 1.58% 5.10% (0.58)% 1.16% (2.91)% 0.29% 0.94% 2.15% 1.77% 0.47% 0.70% 1.62% (0.71)% 3.19% 1.17% Oct 1.84% 2.28% Nov (0.59)% 0.87% Dec 1.95% 1.53% YTD 5.83% 16.34% 14.43% FEES Initial Fee NUTM: 0.00% Annual Management Fee - performance related* Minimum - standard: 1.25% Minimum - discounted: 0.75% Maximum: 2.25% ** Sharing Rate: 10.00% * A portion of NUTM's annual management fee may be paid to administration platforms like LISP's as a payment for administrative and distribution services. **The maximum fee has been reduced from 2.75% to 2.25%, effective October 2011. Unit trusts should be considered a medium- to long-term investment. The value of units may go down as well as up. Past performance is not necessarily an indication of future performance. Unit trusts are traded at ruling prices and can engage in scrip lending and borrowing. Fluctuations or movements in exchange rates may cause the value of underlying investments to go up or down. Instructions must reach the Management Company before 12pm to ensure same day value. Fund valuations take place at approximately 15h00 each business day and forward pricing is used. ¹Performance as calculated by NUTM as at 30 September 2014 for a lump sum investment using Class A NAV prices with income distributions reinvested. Performance figures are quoted after the deduction of all costs incurred within the fund. Performance prior to the launch of the A-Class is that of the C-Class. Advice Costs In strategic partnership with Client Service: (061) 275 700 Fax: (061) 249 444 • Initial and ongoing advice fees may be facilitated on agreement between the Client and Financial Advisor. • An initial advice fee may be negotiated to a maximum of 3% and is applied to each contribution and deducted before investment is made. • Ongoing advice fees may be negotiated to a maximum of 1% per annum (if initial advice fee greater than 1.5% is selected, then the maximum annual advice fee is 0.5%), charged by way of unit reduction and paid to the Financial Advisor monthly in arrears. This annual advice fee is not part of the normal annual management fee as disclosed above. • Where commission and incentives are paid, these are included in the overall costs. Email [email protected] Website www.namasset.com.na