This is a rand-denominated portfolio offering access to the Marriott International Growth 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.
The Marriott International Growth Feeder Fund invests exclusively in the Marriott International Growth 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.
The Marriott International Growth Feeder Fund is a rand-denominated feeder fund that invests all its non-cash assets in the Marriott International Growth Fund. The objective and mandate of the Marriott International Growth Fund is to generate long-term capital growth, a distributable income stream and value through holding a combination of dividend paying equities, bonds, listed real estate securities and money market instruments. The underlying fund is managed to achieve a gross yield in US dollar terms comparable to the yield generated by the average of the S&P 500 Index and the JP Morgan Global Government Bond Index, and generate capital growth in US dollars in excess of US Consumer Price Inflation. The Current Currency Allocation chart shown here closely reflects that of the Marriott International Growth Fund. 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.
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|Fund Classification||Global – Multi Asset – Flexible|
|Inception Date||1 August 2004|
|Unit Classes||A and B|
|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||Moderately Aggressive|
The fund is rand-denominated and invests in the Marriott International Growth Fund and liquid assets.
|Advisor Annual Fee||maximum 0.5%|
|Advisor Initial Fee||maximum 3.0%|
|Marriott Initial Fee||0%|
|Marriott Annual Management Fee Class A||0%|
|Marriott Annual Management Fee Class B (Capped)||0%|