Marriott First World Equity Fund    

The Marriott First World Equity Fund is a UK pound sterling-denominated fund. A South African Investor using Rands to invest requires South African Reserve Bank (SARB) and South African Revenue Service (SARS) clearance to take funds offshore. The Investor will invest and disinvest UK pounds sterling as opposed to Rands.

GBP-denominated

The fund is a class of shares in an open-ended investment company listed on the Irish Stock Exchange and is regulated by the Irish Financial Services Regulatory Authority.

Fund Objective

The objective of the fund is to generate long-term growth and a distributable income through investments in quoted shares which must be constituents of the S&P 500, FTSE 350, FTSE Eurofirst 300. The fund is to be managed in such a way to achieve a gross yield in UK pound sterling terms comparable to the yield generated by the average of the S&P 500 Index, FTSE 350 and FTSE Eurofirst indices and capital growth in excess of UK Consumer Price Inflation. The fund is a class of shares in an open-ended investment company listed on the Irish Stock Exchange and is regulated by The Central Bank of Ireland. The fund is approved for sale in South Africa by the Financial Sector Conduct Authority (FSCA). The portfolio is valued and returns are measured in UK pounds sterling. Marriott Isle of Man Limited provides investment advisory services to the Marriott International Funds and the Marriott Global Funds. Marriott Isle of Man Limited is regulated by the Financial Services Authority of the Isle of Man.

Key Features

Currency GBP
Fund Classification Offshore (Equity Fund)
Unit Class A
Minimum Initial Investment £20,000
Minimum Additional Investment Any amount
Distribution Declaration Dates 28 February, 31 August
Distribution Payment Dates 31 March, 30 September
Risk Category Aggressive
(risk category)

Fund Limits and Constraints

Investments will be denominated in UK pounds sterling and will be invested in dividend paying equities and liquid assets.

Fees and Charges (excluding VAT)

Advisor Initial Fee maximum 3.0%
Advisor Annual Fee 0.25% or 0.5%
Marriott Initial Fee 0%
Marriott Annual Management Fee 1.0%

Asset acquisition costs, audit fees, trustee/depositary fees, bank charges, levies/taxes, share listing fees, share creation fees and service charges are levied against the portfolio.