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Marriott International Real Estate Feeder Fund (A)

Global - Real Estate - General Property
Inception:03 Oct 2000

Latest Price : 28 Jan 2015 R 4.57
12mth Sector Rank6 / 7
12mth Overall Rank27 / 393
12mth Volatility vs Sector Average0.7
Equinox Buy FeesWholesale0.000%
Management Company Annual Fees:***1.14%
PSG Annual Admin and Platform Fee[details]
TER Ratio1.48%
TER Performance- -
TER Date30 Sep 2013
Latest Total AssetsR 254.2m
Assets at end September 2014R 211.2m
Previous QuarterR 204.4m
Move+ R 6.8m
Income Declaration and Payment
DeclarationQuarterly: End of March, June, September and December
Payment+/- the 3rd working day of the month after declaration
Performance to 28 Jan 2015 ++
3 months14.52%0.63%15.15%
6 months14.93%1.40%16.33%
1 year20.80%3.79%24.59%
3 years86.06%17.45%103.51%
5 years115.78%31.29%147.06%
Price History
Fees include VAT.
* Published Retail Buy Fee is always the highest fee charged by the Management company.
*** Management Company Annual Fees are automatically worked into price and distributions paid. ++Price performances are based on historical price data, using a NAV price by NAV price comparison and exclude Equinox fees and management company initial fees. Income performances are based on interest and dividend distributions of the fund.
Fund Manager
Simon Pearse
Fund Manager
Richard Stanley
Fund Overview

Objective: The objective and mandate of this fund is to provide a high and growing income stream from a portfolio of internationally listed real estate securities as well as long-term capital growth. The investment universe for this fund is listed real estate securities on international stock markets. The fund benchmark is a yield comparable to the JP Morgan Global Bond Index Yield. The Marriott Global Real Estate Fund is reported in rand and mirrors the Marriott International Real Estate Fund. Its mandate is therefore identical.

Benchmark: JP Morgan Global Bond Index Yield.

Universe: The Marriott Global Real Estate Fund invests in globally listed real estate securities that in turn are managed by real estate property managers. Each of these managers ensures that the securities, through their underlying properties, provide a consistent and growing income to their shareholders. This income, received from around the world, is passed to local unit holders.

Fund strategy/ philosophy: A unique element of a real estate investment is its ability to hedge against inflation. The nature of the income of the investments of the fund comprises rentals received from tenants.


Top Holdings at end September 2014
Holding% of Fund
ZAR Cash6.53%
Total % 100.00%
Asset Allocation at end September 2014
Top Holdings at end June 2014
Holding% of Fund
ZAR Cash4.69%
Total % 100.00%
Top Holdings at end March 2014
Holding% of Fund
ZAR Cash5.62%
Total % 100.00%


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