Marriott First World Equity Feeder Fund

Prices (Class A) as at 17 May 2013

Marriott subscribes to the adage "Spend the income, not the capital." Ideally, an Investor’s capital base should not be eroded by drawing an unsustainably high income. In order to achieve this objective it is recommended that the Investor does not draw an income in excess of the fund’s yield – thereby creating an Investment for Life.

How This Fund Works

This is a rand-denominated portfolio offering access to the Marriott First World Equity Fund without requiring the Investor to obtain permission from the South African Reserve Bank (using an individual's foreign investment allowance of R2–million) or the South African Revenue Service (for tax clearance) to transfer the funds offshore. The Investor will invest and disinvest rand as opposed to foreign currency.

Fund Objective

This is a rand-denominated feeder fund that invests all its assets in the Marriott First World Equity Fund. The objective and mandate of the Marriott First World Equity 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 Irish Financial Services Regulatory Authority. The fund is approved for sale in South Africa by the Financial Services Board (FSB). The portfolio is valued and returns are measured in UK pounds sterling.

Key Features

Currency	Reports in ZAR
Fund Classification	Global – Equity – General
Inception Date	1 December 2008
Unit Classes	A
Minimum Initial Investment	R500
Minimum Additional Investment	R300
Minimum Debit Order	R300
Distribution Declaration Dates	31 March, 30 June, 30 September, 31 December
Distribution Payment Dates	3 to 4 working days after declaration
Risk Category	Aggressive
Health Warning	Click here

Fund Limits and Constraints

The fund is rand-denominated and invests in shares listed in the US, UK and Europe.

Fees and Charges (excluding VAT)

Brokerage and marketable securities tax, auditor’s fees, bank charges, and trustee and custodian fees are levied against the portfolio.

It is suggested that an investment into any of our funds be made through an Accredited Financial Advisor who is able to structure your portfolio according to your specific financial needs.

Please deposit the investment amount into the bank account below, and then fax your completed Application Form and deposit slip to our Communication Centre on +27 (0)31 765-0790. Correctly completed applications received before 15h00 (South African time) receive the afternoon’s ruling price. Applications received after 15h00 will be processed the next working day.

What You Need

Bank Deposit Details