Page 275 - Profiles's Unit Trusts & Collective Investments - September 2024

Marriott High Income Fund of Funds

Marriott High Income Fund of Funds
Marriott High Income Fund of Funds
Sector: South African—Multi Asset—
Income HISTORICAL PERFORMANCE All figures to 30 June 2024
Fund benchmark: SA Interest Bearing R1 000 Lump Sum(NAV-NAV) R100 Per Month(NAV-NAV)
Money Market Funds sector average Yrs Return Value Inflation Return Value Inflation Volatility
Code (A): MHIF 1 (A) 10.44% R1 104 R1 052 10.21% R1 268 R1 229 2.50
Code (C): MHIC 3 (A) 7.45% R1 241 R1 191 8.53% R4 115 R3 911 3.35
6.84%
R1 303
R1 249
R5 374
R5 640
7.73%
3.03
4 (A)
Code (D): MHID 5 (A) 7.49% R1 435 R1 276 7.54% R7 305 R6 886 3.47
MANAGEMENT 10 (A) 7.40% R2 043 R1 629 7.48% R17 885 R15 564 2.52
Marriott Asset Management HISTORICAL DISTRIBUTIONS Actual payout (cents/unit) & 12-mnth historic yields
All asset management decisions are made Period Ending End Price Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 12-mn
th
together with the Marriott Investment DY%
Committee using an income-focused ap- 30 Jun 24 (A) 984.24 6.78 6.40 6.96 7.02 7.39 7.31 - - - - - - 8.53
proach to investing. 30 Jun 24 (C) 984.47 7.02 6.62 7.20 7.25 7.62 7.54 - - - - - - 8.82
30 Jun 24 (D) 984.56 7.11 6.71 7.30 7.34 7.72 7.63 - - - - - - 8.93
FUND FOCUS 31 Dec 23 (A) 987.47 6.05 5.59 6.74 6.35 6.58 6.73 6.68 6.58 7.22 7.47 7.20 6.99 8.12
The portfolio is an income fund of funds. 31 Dec 23 (C) 987.71 6.29 5.80 6.98 6.58 6.82 6.96 6.91 6.81 7.45 7.71 7.43 7.23 8.40
The objective of the portfolio is primarily 31 Dec 23 (D) 987.80 6.38 5.89 7.08 6.68 6.91 7.05 7.01 6.91 7.54 7.80 7.52 7.32 8.51
6.05
5.54
6.41
6.42
5.49
4.59
4.73
5.39
5.36
7.16
6.50
31 Dec 22 (A)
972.64
6.75
6.37
a high yield combined with the protec- 31 Dec 22 (C) 972.87 4.98 4.81 5.60 5.62 5.73 5.77 6.28 6.66 6.63 6.98 6.60 6.73 7.44
tion of the value of the capital invested 31 Dec 22 (D) 972.97 5.07 4.90 5.69 5.71 5.82 5.86 6.38 6.75 6.73 7.07 6.69 6.83 7.56
with a secondary consideration being
growth in income. Investments normally Risk / Return Profile
to be included in the portfolio will, apart 20
from assets in liquid form, consist solely
of participatory interests in portfolios of
collective investment schemes registered 3yr Compound return(%)
in the Republic of South Africa or of par- 10
ticipatory interests or other similar
schemes operated in territories with a
regulatory environment which is to the
satisfaction of the manager and trustee of 0 0 11 22
a sufficient standard to provide investor Volatility p.a.
protection at least equivalent to that in
South Africa. PORTFOLIO ALLOCATION
June 2024 December 2023
DETAILS as at 30 June 2024 Sector Value (R000) % of Fund Value (R000) % of Fund Difference
All fees and charges include Vat Floating Corporate Debt 1 372 36.20% 1 018 26.50% 9.70%
Cash and Short Term Fixed Deposits 360 9.50% 1 014 26.40% -16.90%
Formation date: 1 Oct 2001
Medium Term Fixed Deposits 38 1.00% 42 1.10% -0.10%
Reclassified date: 11 May 2013 Medium Term Floating Deposits 242 6.40% 27 0.70% 5.70%
Min lump sum: R500 Fixed Corporate Debt 49 1.30% 50 1.30% 0.00%
Minimum monthly: R300 Real Estate Inv Trusts 53 1.40% 104 2.70% -1.30%
Preference Shares 53 1.40% 54 1.40% 0.00%
Top-up investment: R300 RSA Government Bond 1 622 42.80% 1 533 39.90% 2.90%
No of holdings: 36 Total 3 789 100.00% 3 842 100.00% -1.38%
No of unitholders: 6 210 TOP HOLDINGS BY VALUE
Broker p.a. com (A): 0.58% June 2024 December 2023
Broker p.a. com (C): 0.58%
Units
Units
Value
%of Difference
%of
Value
Annual fee (A): 1.15% Short Name/ Sector Name (000’s) (R ‘000) Fund (000’s) (R ‘000) Fund (000’s)
JSE Code
TER (A) 06/24: 1.18% MRCI Fixed Int 2 528 613 2 826 484 74.59% 2 568 812 2 855 235 74.24% (40 199)
TER Perf% (A): 0.00% R213 SA Bnds 343 494 298 841 7.89% 327 882 282 445 7.34% 15 612
MEDTERMI Fixed Int 136 198 110 320 2.91% 206 235 165 916 4.31% (70 037)
Annual fee (C): 0.86% I2029 SA Bnds 46 415 59 649 1.57% 43 264 55 358 1.44% 3 151
TER (C) 06/24: 0.89% SBSL01 SA Bnds 30 000 30 027 0.79% 30 000 30 415 0.79% 0
TER Perf% (C): 0.00% NDBB02 SA Bnds 28 000 27 988 0.74% 28 000 28 273 0.74% 0
Fund value: R3.78bn RN2030 SA Bnds 27 500 26 984 0.71% 24 500 24 152 0.63% 3 000
SBS79 SA Bnds 20 000 20 188 0.53% 20 000 20 315 0.53% 0
Risk rating: Low - Medium GRT55 SA Bnds 20 000 20 097 0.53% 20 000 20 199 0.53% 0
PlexCrowns: MML07 SA Bnds 20 000 20 014 0.53% 20 000 20 403 0.53% 0
Income declaration: Monthly TOTAL 3 440 592 90.80% 3 502 712 91.07%
Price History Relative Strength to SA Bond Index - TRI
1050 1.5
1024 1.3
998
1.1
972
0.9
946
0.7
920
|15|16 |17|18 |19|20 |21|22 |23| 0.5
O N D J F M A M J J A
Profile’s Unit Trusts & Collective Investments — DOMESTIC 273