Marriott Income Fund
The Marriott Income Fund invests in a wide selection of South African government,
municipal and public corporation bonds, money market investments and other high
yielding securities (for example, listed property stocks). The fund aims to achieve
a maximum income yield whilst maintaining capital stability. The fund will generally
hold quite large investments in money market securities in order to provide capital
stability, whilst achieving as high a yield as possible through some exposure to bonds
and other high yielding securities. The yield will be comparable with call rates.
Prices (Class R) as at 21 May 2013
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Price
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111.00 c/unit
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Yield
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4.87%
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Last Distribution
|
0.4513 c/unit
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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.
Fund Objective
The fund seeks to maximise income yield as well as achieve capital stability. To
achieve this, the fund normally invests in a wide selection of high quality, mainly
South African government, municipal and public corporation stocks, fixed deposits
and other high yielding securities. The universe comprises high yielding securities,
non–equity securities and liquid assets. Call rates provide the fund with a benchmark.
Key Features
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Currency
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Reports in ZAR
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Fund Classification
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South African – Multi Asset – Income |
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Inception Date
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15 October 1993
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Unit Class
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A
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Minimum Initial Investment
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R500
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Minimum Additional Investment
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R300
|
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Minimum Debit Order
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R300
|
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Distribution Declaration Dates
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Last working day of the month
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Distribution Payment Dates
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3 to 4 working days after declaration
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Risk Category
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Moderately Conservative
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Health Warning
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Click here
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Fund Limits and Constraints
The fund will hold a minimum of 50% cash.
Fees and Charges (excluding VAT)
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Advisor Initial Fee
|
maximum 3.0% |
|
Marriott Initial Fee |
maximum 0% |
|
Marriott Annual Management Fee
|
1.0% |
Brokerage and marketable securities tax, auditor’s fees, bank charges, and trustee
and custodian fees are levied against the portfolio.
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The fund aims to provide capital stability.
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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.
Bank Deposit Details
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Bank
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Rand Merchant Bank
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Account Name
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Marriott Unit Trust Management Company Ltd
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Account Number
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50850113115
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Sub-Account Name
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Income Fund Trust Account
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Branch Name
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Corporate Banking - Durban
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Branch Code
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223626
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Reference (for initial investment)
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Investor's name and contact number
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Reference (for additional investments)
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Investor's existing account number
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Learn more
Change In Investors' Details
Marriott
Income Fund Fact Sheet
