March 23, 2022

Morningstar Announces Winners for 2022 South Africa Fund Awards

CAPE TOWN, 23 March 2022 — Independent investment research company Morningstar Research (Pty) Limited, a subsidiary of Morningstar, Inc. (NASDAQ: MORN) has named the winners of its 2022 Morningstar Fund Awards South Africa.

For the second year in a row, Satrix Investments has been awarded Best Fund House: Larger Fund Range. Truffle Asset Management scooped two awards – the first for its Truffle SCI Income Plus Fund being awarded the Best Bond Fund under the fund category awards, and the second being named the Best Fund House: Smaller Fund Range in the fund house category.

“Congratulations to all our 2022 Fund Award winners! The awards are designed to recognise the industry's top-notch fund offerings and investor-friendly firms. The winners of this year’s South Africa Fund Awards demonstrate the value of a solid long-term investment strategy at a time when domestic and international markets battled turbulent macro-economic and political headwinds”, said Tal Nieburg, Managing Director of Morningstar South Africa.

Morningstar selects the finalists using a quantitative methodology with a qualitative overlay that considers the one-, three- and five-year performance history of all eligible funds, and adjusts returns for risk using Morningstar Risk, a measure that imposes a higher penalty for downside variation in a fund’s return than it does for upside volatility. For the full Morningstar Awards methodology, please click here.

“We believe this combination will ensure that the awards are given to funds which have earned strong one-year results and have also shown they have the ability to earn strong long-term returns without undue risk,” Nieburg added.

The Morningstar Fund Awards are hosted in 29 countries throughout the year at ceremonies across Europe, Asia, Africa and the Americas, honouring managers that have added the most value for investors. The awards are based on Morningstar Fund data as at 31 December 2021.

The winners for the 2022 Morningstar South Africa Fund Awards are:

FUND CATEGORY:

WINNERS:

Best Aggressive Allocation Fund

Southern Charter BCI Growth FoF

Best Bond Fund

Truffle SCI Income Plus

Best Cautious Allocation Fund

Sasfin BCI Stable

Best Flexible Allocation Fund

BCI Flexible

Best Global Equity Fund

Fundsmith Equity T Inc

Best Moderate Allocation Fund

Southern Charter BCI Balanced FoF

Best South Africa Equity Fund

Counterpoint SCI Value

Larger Fund Range

Satrix Investments

Smaller Fund Range

Truffle Asset Management

– Ends –

Notes to Editors:

The Morningstar fund category and fund house awards are based on Morningstar fund data as at 31 December 2021. The awards methodology emphasises the one-year period, but funds must also have delivered strong three- and five-year returns after adjusting for risk within the award peer groups in order to obtain an award. In selecting winners, fund returns are adjusted for risk using Morningstar Risk, a measure which imposes a higher penalty for downside variation in a fund’s return than it does for upside volatility. 

References to and commentary on the above-mentioned funds should not be considered a solicitation to buy or sell that fund. Past performance is no guarantee of future results.

About Morningstar Research (Pty) Limited and Morningstar, Inc.

Morningstar Research (Pty) Limited is a subsidiary of Morningstar, Inc., 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 individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $265 billion in assets under advisement and management as of Dec. 31, 2021. The company has operations in 29 countries. For more information, visit https://www.morningstar.com/en-za/company. Follow Morningstar on Twitter @MorningstarInc or LinkedIn.

Morningstar's Manager Research Group consists of various wholly owned subsidiaries of Morningstar, Inc. including, but not limited to, Morningstar Research Services LLC. Analyst Ratings are subjective in nature and should not be used as the sole basis for investment decisions. Analyst Ratings are based on Morningstar's Manager Research Group's current expectations about future events and therefore involve unknown risks and uncertainties that may cause such expectations not to occur or to differ significantly from what was expected. Analyst Ratings are not guarantees nor should they be viewed as an assessment of a fund's or a fund's or separately managed account's underlying securities' creditworthiness. This press release is for informational purposes only; references to securities or a separately managed account investment strategy in this press release should not be considered an offer or solicitation to buy or sell the securities or to invest in accordance with that strategy.

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