Marriott First World Equity Feeder Fund   

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 or the South African Revenue Service to transfer the funds offshore. The Investor will invest and disinvest Rands as opposed to foreign currency.

GBP-denominated

The Marriott First World Equity Feeder Fund invests exclusively in the Marriott First World Equity Fund. 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.

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 R4–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

The Marriott First World Equity Feeder Fund is a rand-denominated feeder fund that invests all its non-cash 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 in distributable income and value through investments in quoted shares which must be constituents of the S&P 500, FTSE 350, FTSE Eurofirst 300. The underlying fund is managed 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 underlying 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 underlying fund is approved for sale in South Africa by the Financial Sector Conduct Authority (FSCA). The portfolio is valued and returns are measured in rands.

How to access this Fund?

Speak to your Financial Advisor about investing with Marriott

Key Features

Currency 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
(risk category)

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)

Advisor Initial Fee maximum 3.0%
Advisor Annual Fee maximum 0.5%
Marriott Initial Fee 0%
Marriott Annual Management Fee 0%

1% is levied at the underlying fund level. For more details on the fees and charges, please refer to the Terms and Conditions and Factsheet.