The Marriott Income Fund has as its primary objective to maximise income yield as well as achieve capital stability. To achieve this objective, the securities normally to be included in the portfolio will consist of fixed income securities, high yielding securities, non-equity securities and liquid assets. Nothing precludes the Manager from retaining cash in the portfolio or placing cash on deposits. Call rates provide the fund with a benchmark. Although the mandate does not prescribe it, the portfolio is managed in conformity with prudential investment guidelines.
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|Fund Classification||South African – Multi Asset – Income|
|Inception Date||15 October 1993|
|Minimum Initial Investment||R500|
|Minimum Additional Investment||R300|
|Minimum Debit Order||R300|
|Distribution Declaration Dates||Last working day of the month|
|Distribution Payment Dates||3 to 4 working days after declaration|
|Risk Category||Moderately Conservative|
The fund will hold a minimum of 50% cash.
|Advisor Initial Fee||maximum 3.0%|
|Advisor Annual Fee||maximum 0.5%|
|Marriott Initial Fee||0%|
|Marriott Annual Management Fee||0.6%|