The Marriott Money Market Fund has its primary objective to maximise interest income while preserving capital and providing immediate liquidity through investments in high quality money market instruments denominated in South African Rands. The fund is a money market investment with competitive yields, low management fees and maximum security of capital. 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 – Interest Bearing – Money Market|
|Inception Date||1 February 2008|
|Minimum Initial Investment||R500|
|Minimum Additional Investment||R300|
|Minimum Debit Order||R300|
|Distribution Declaration Dates||Last working day of the month|
|Distribution Payment Dates||First working day of the month|
The fund only invests in instruments with a maturity of less than one year and with a minimum national short-term rating of F1. It has a defensive asset allocation and the average maturity of the underlying assets will not exceed 90 days. Credit exposure to issuers is subject to local Collective Investment Scheme (Unit Trust) regulation.
|Advisor Initial Fee||0%|
|Advisor Annual Fee||maximum 0.5%|
|Marriott Initial Fee||0%|
|Marriott Annual Management Fee||
maximum 0.25% Class A
maximum 0.5% Class B