The Marriott Property Income Fund has as its primary objective long term growth in dividend (or rental) income and hence capital. To achieve this objective, apart from liquid assets, securities normally to be included in the portfolio will be financially sound listed property shares, collective investment schemes in property and property loan stock. The portfolio will consist of a carefully selected spread of prime listed commercial and industrial property securities of at least 85% of the market value of the portfolio.
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|Fund Classification||South African – Real Estate – General|
|Inception Date||1 February 2000|
|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 will restrict its investments to listed property and liquid assets. The fund may increase liquidity to 15% if it is deemed necessary by the Fund Manager.
|Advisor Initial Fee||maximum 3.0%|
|Advisor Annual Fee||maximum 0.5%|
|Marriott Initial Fee||0%|
|Marriott Annual Management Fee||1.0%|
For more details on the fees and charges, please refer to the Terms and Conditions.