Marriott International Real Estate Feeder Fund   

This is a rand-denominated portfolio offering access to the Marriott International Real Estate 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 International Real Estate Feeder Fund invests exclusively in the Marriott International Real Estate 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.

Fund Objective

The Marriott International Real Estate Feeder Fund is a rand-denominated feeder fund that invests all its non-cash assets in the Marriott International Real Estate Fund. The objective and mandate of the Marriott International Real Estate Fund is to provide a high and growing income stream from a portfolio of internationally listed real estate securities as well as long-term capital growth. The investment universe for this fund is listed real estate securities on international stock markets. The fund benchmark is a yield comparable to the J P Morgan Global Bond Index Yield. 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 – Real Estate – General
Inception Date 3 October 2000
Unit Class 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 Moderately Aggressive
(risk category)

Fund Limits and Constraints

The fund is rand-denominated and invests in the Marriott International Real Estate Fund and liquid assets.

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 the Factsheet.