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Morningstar Announces Winners of the 2014 Morningstar South Africa Fund Awards

CAPE TOWN, 20 Feb. 2014—Morningstar Research Limited - South Africa, a subsidiary of leading independent investment research provider Morningstar, Inc. (NASDAQ: MORN), announced the winners of its 2014 South Africa Fund Awards at a gala dinner and ceremony at The Table Bay Hotel, VandA Waterfront in Cape Town. The 2014 Morningstar South Africa Fund Awards recognise retail funds and fund groups that added the most value for investors within the context of their relevant peer group in 2013 and over longer time periods. Winners are selected using a quantitative methodology with a qualitative overlay developed by Morningstar that considers the one- and three-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. “We are pleased to have a mix of high-quality asset managers winning across all of our award categories. Our fund house winners, Coronation and Foord, are highly respected investment managers that have delivered outstanding risk-adjusted returns for investors in South Africa,” Tal Nieburg, managing director for Morningstar South Africa, said. The winners of the 2014 Morningstar South Africa Fund Awards are: Best Aggressive Allocation Fund: Southern Charter MET Growth Fund of Funds Best Cautious Allocation Fund: 27four Stable Prescient Fund of Funds Best Diversified Bond Fund: Allan Gray Bond Best Flexible Allocation Fund: Coronation Optimum Growth Best Global Bond Fund: Prudential Global High Yield Bond Fund of Funds Best Global Equity Fund: RE:CM Global Limited Best Indirect Property Fund: Nedgroup Investments Property Best Moderate Allocation Fund: 27four Balanced Prescient Fund of Funds Best Regional Offshore Equity Fund: Templeton European Best Sector Equity Fund: Nedgroup Investments Mining and Resource Best Short Term Bond Fund: Coronation Strategic Income Best South Africa Equity Fund: Mazi Capital MET Equity Best South Africa Small-Cap Equity Fund: Nedgroup Investments Entrepreneur Best Fund House - Larger Fund Range: Coronation Fund Managers Best Fund House - Smaller Fund Range: Foord Asset Management Notes to Editors:The Morningstar fund category awards and fund house awards are based on Morningstar fund data for the period 1 January 2013 to 31 December 2013. About Morningstar Research Limited - South Africa and Morningstar, Inc.Morningstar Research Limited – South Africa is a subsidiary of Morningstar, Inc., a leading provider of independent investment research in North America, Europe, Africa, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on approximately 446,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 10 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 had approximately $159 billion in assets under advisement and management as of Dec. 31, 2013. The company has operations in 27 countries. The references above should not be considered a solicitation by Morningstar to buy securities. # # # ©2014 Morningstar, Inc. All Rights Reserved.