CAPE TOWN, 27 February 2013—Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today announced the winning funds and fund groups for the Morningstar South Africa Fund Awards for 2013.

The 2013 Morningstar South Africa Fund Awards recognise retail funds and fund groups that have been good stewards of investor capital within the context of their relevant peer group in 2012 and over longer time periods. Winners are selected using a quantitative methodology developed by Morningstar that considers the one and three year performance history of all eligible funds. Morningstar adjusts the returns for risk using a utility theory based screen that imposes a higher penalty for downside variation in a fund’s return than it does for upside volatility.

“2012 was an interesting year for the fund management industry in South Africa. Whilst local markets had a good year this was against a backdrop of increasingly uncertain economic and political influences,” Tal Nieburg, Managing Director Morningstar South Africa, said. “Fund managers who won this year navigated conflicting market signals and delivered superior risk-adjusted performance for their investors.”

The 2013 Morningstar South Africa Awards winners are:

FUND CATEGORY AWARDS / WINNERS:
Global Bond / Prudential Global High Yield Bond
Global Equity / Investec GSF Global Franchise
Property - Indirect / Coronation Property Equity
Regional Offshore Equity / Franklin European Growth
Sector Equity / NewFunds eRAFI SA Financial 15 Index ETF
South Africa Equity / Marriott Dividend Growth
South Africa Small-Cap Equity / Nedgroup Investments Entrepreneur
Aggressive Allocation / Coronation Market Plus
Short-Term Bond / Coronation Strategic Income
Cautious Allocation / Coronation Balanced Defensive
Diversified Bond / RMB Government Inflation Linked Bond ETF
Flexible Allocation / ClucasGray Future Titans
Moderate Allocation / MET Odyssey Balanced Fund of Funds

Fund Group Awards / Winners
Larger Range / Coronation Fund Managers

Smaller Range / Southern Charter Wealth Management

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Notes to Editors:
The Morningstar fund category awards and fund house awards are based on Morningstar fund data for the period 1st January 2012 to 31st December 2012. For the full methodology, please contact Tal Nieburg at .

About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individuals, financial advisers, and institutions. Morningstar provides data on approximately 416,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 9 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its registered investment advisor subsidiaries and has approximately $149 billion in assets under advisement and management as of Dec. 31, 2012. The company has operations in 27 countries.

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