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Risk Rank: 6/10

Grindrod Global Property Income Fund

Foreign - Equity - Varied Specialist
Code:MGGP
Inception:16 Apr 2009

Latest Price : 07 Sep 2010 R 1.40
12mth Sector Rank1 / 7
12mth Overall Rank20 / 482
12mth Volatility vs Sector Average1.45
Published Retail Buy Fee*- -
Equinox Buy FeesWholesale0.285%
+ Our Fee**0.285%
Management Company Annual Fees:***2%
Equinox Annual Fees:[details]
Latest Total AssetsR 204.0m
Assets at end June 2010R 199.5m
Previous QuarterR 110.7m
Move+ R 88.8m
Income Declaration and Payment
DeclarationMonthly
PaymentAt least 10 days after declaration
View Distributions
Performance to 07 Sep 2010 ++
InvestedPriceIncomeTotal
3 months3.82%1.16%4.98%
6 months2.15%2.08%4.24%
1 year17.00%5.84%22.84%
3 years- -- -- -
5 years- -- -- -
Price History
Fees include VAT. * Published Retail Buy Fee is always the highest fee charged by the Management company. ** Equinox buy fees are subject to a minimum and a maximum. [More Details] *** Management Company Annual Fees are automatically worked into price and distributions paid. [More Details] ++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
Photo
Greg Rawlins
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Fund Overview

Objectives: The Grindrod Global Property Income Fund is a South African domiciled rand denominated fund which aims to generate high distributions. Like other property funds, investors could also benefit from capital appreciation in the property sector, as property prices increase.

Benchmark: EPRA/NAREIT Global Index USD (EPNAGI)

Universe: The fund manager is mandated to invest in Real Estate Investment Trusts (REITS) and funds of REITS. These investments are located primarily in the developed markets of North America, Australia and Asia. However the fund manager is not pre-cluded from investing in developing markets when compelling investment opportunities become available.

Fund strategy: This fund was launched to take advantage of opportuniteis in global real estate markets, which generally offer attractive yields, diversification, exposure to first world currencies, long term capital appreciation and monthly distributions.

Other: Monthly distributions are paid out of the net proceeds received from investments. Benchmark notes: EPRA = European Public Real Estate, NAREIT = National Association of Real Estate Investment. It is a Total Return index which is appropriate for comparing the performance of property investments.

 
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Top Holdings at end June 2010
Holding% of Fund
INTL EQU UNIT TRUST56.26%
INTL EQUITY42.23%
INTL CASH1.12%
ZAR Cash0.39%
Total % 100.00%
Asset Allocation at end June 2010
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Top Holdings at end March 2010
Holding% of Fund
INTL EQU UNIT TRUST60.97%
INTL EQUITY37.76%
INTL CASH1.27%
Total % 100.00%
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Top Holdings at end December 2009
Holding% of Fund
INTL EQU UNIT TRUST58.86%
INTL EQUITY32.58%
INTL CASH6.11%
ZAR Cash2.44%
Total % 99.99%
 

 

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