Page 272 - Profiles's Unit Trusts & Collective Investments - September 2024

Marriott Essential Income Fund

Marriott Essential Income Fund
Marriott Essential Income Fund
Sector: South African—Multi Asset—
Flexible HISTORICAL PERFORMANCE All figures to 30 June 2024
Fund benchmark: 50% All Share index; R1 000 Lump Sum(NAV-NAV) R100 Per Month(NAV-NAV)
25%SAPY; 20%ALBI; 5%SteF Yrs Return Value Inflation Return Value Inflation Volatility
Code (C): MEICC 1 (C) 18.00% R1 180 R1 052 20.12% R1 339 R1 229 12.64
Code (D): MEICD 2 (C) 11.40% R1 241 R1 109 13.19% R2 759 R2 523 12.75
3 (C) 7.48% R1 242 R1 191 9.47% R4 177 R3 911 12.55
MANAGEMENT 4 (C) 9.81% R1 454 R1 249 9.40% R5 846 R5 374 11.49
5 (C) 2.78% R1 147 R1 276 7.81% R7 360 R6 886 13.74
Marriott Asset Management
All asset management decisions are made HISTORICAL DISTRIBUTIONS Actual payout (cents/unit) & 12-mnth historic yields
together with the Marriott Investment Period Ending End Price Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 12-mn
Committee using an income-focused ap- th
proach to investing. 30 Jun 24 (C) 81.99 0.54 0.15 0.53 1.53 0.16 0.43 - - - - - - DY%
7.25
FUND FOCUS 30 Jun 24 (D) 82.01 0.56 0.17 0.55 1.55 0.18 0.45 - - - - - - 7.51
31 Dec 23 (C) 80.41 0.27 0.15 0.73 0.75 0.44 0.41 0.39 0.19 0.57 0.65 0.37 0.41 6.63
The Marriott Essential Income Fund has 31 Dec 23 (D) 80.43 0.29 0.17 0.75 0.77 0.46 0.43 0.41 0.21 0.59 0.66 0.39 0.43 6.90
as its primary objective to provide a high 31 Dec 22 (C) 78.07 0.35 0.21 0.46 0.86 0.41 0.38 0.39 0.25 0.54 0.84 0.32 0.36 6.90
level of reliable income for investors and 31 Dec 22 (D) 78.09 0.37 0.23 0.48 0.88 0.43 0.40 0.41 0.27 0.56 0.86 0.34 0.38 7.19
to grow this income in line with inflation
over time. The secondary consideration 20 Risk / Return Profile
is growth in capital in line with inflation
over time. To achieve this objective the
fund will invest, apart from liquid assets,
in a blend of equities, REITS, collective 3yr Compound return(%) 10
investment schemes in property, bonds
and money market instruments. The
portfolio will maintain a minimum equity
exposure of 25% and a combined mini- 0
11
mum exposure to REITS and collective 0 Volatility p.a. 22
investment schemes in property of 15%.
PORTFOLIO ALLOCATION
DETAILS as at 30 June 2024
All fees and charges include Vat June 2024 December 2023
Sector Value (R000) % of Fund Value (R000) % of Fund Difference
Formation date: 11 Mar 2019 Real Estate Inv Trusts 171 30.30% 175 30.60% -0.30%
Min lump sum: R500 RSA Equity 224 39.50% 223 39.00% 0.50%
Minimum monthly: R300 RSA Money Market 8 1.40% 14 2.50% -1.10%
RSA Govenment Bond
28.80%
163
0.90%
27.90%
Top-up investment: R300 Total 566 100.00% 160 100.00% -1.05%
572
No of holdings: 19
TOP HOLDINGS BY VALUE
No of unitholders: 449
Original price: 100 June 2024 December 2023
Broker p.a. com (C): 0.58% Short Name/ Units Value %of Units Value %of Difference
JSE Code Sector Name (000’s) (R ‘000) Fund (000’s) (R ‘000) Fund (000’s)
Annual fee (C): 0.86% R2035 SA Bnds 184 385 157 985 27.89% 182 289 159 391 27.88% 2 096
TER (C) 06/24: 0.89% RESILIENT Real Est 755 35 755 6.31% 615 27 251 4.77% 140
TER Perf% (C): 0.00% STANBANK Financials 172 35 697 6.30% 124 25 762 4.51% 48
474
365
Fund value: R566.50m FIRSTRAND Financials 2 448 35 480 6.26% 2 134 26 796 4.69% 109
Real Est
34 609
6.11%
314
STOR-AGE
4.87%
27 866
Risk rating: Medium - High NEPIROCK Real Est 257 33 573 5.93% 287 36 246 6.34% (30)
PlexCrowns: GROWPNT Real Est 2 497 30 389 5.37% 2 545 29 721 5.20% (48)
SHOPRIT Cons 96 27 032 4.77% 97 26 542 4.64% (1)
VUKILE Real Est 1 766 26 452 4.67% 2 122 29 970 5.24% (356)
RICHEMONT Cons 7 20 374 3.60% 7 17 321 3.03% 0
TOTAL 437 346 77.21%
Price History Relative Strength to Consumer Price Index
100 1.0
94 0.9
88 0.8
82 0.7
76 0.6
70 0.5
| 20 | 21 | 22 | 23 | | 20 | 21 | 22 | 23 |
270 Profile’s Unit Trusts & Collective Investments — DOMESTIC