Page 276 - Profiles's Unit Trusts & Collective Investments - September 2024

Marriott Income Fund

Marriott Income Fund
Marriott Income Fund
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 (R): HLMI 1 (R) 10.20% R1 102 R1 052 10.04% R1 267 R1 229 1.99
3 (R) 7.24% R1 233 R1 191 8.19% R4 093 R3 911 2.03
MANAGEMENT 5 (R) 6.96% R1 400 R1 276 7.15% R7 230 R6 886 1.84
Marriott Asset Management 10 (R) 7.18% R2 000 R1 629 7.09% R17 501 R15 564 1.34
All asset management decisions are made 15 (R) 6.92% R2 727 R2 116 6.86% R31 504 R26 882 1.21
together with the Marriott Investment 20 (R) 7.44% R4 198 R2 896 6.94% R52 045 R42 270 2.18
Committee using an income-focused ap- 25 (R) 8.88% R8 393 R3 789 7.43% R87 340 R61 994 3.36
proach to investing. 30 (R) 9.74% R16 246 R5 384 8.31% R159 777 R88 878 4.48
FUND FOCUS HISTORICAL DISTRIBUTIONS Actual payout (cents/unit) & 12-mnth historic yields
The Marriott Income Fund has as its pri- Period Ending End Price Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 12-mn
th
mary objective to maximise income yield DY%
as well as achieve capital stability. To 30 Jun 24 (R) 111.54 0.81 0.78 0.83 0.82 0.85 0.83 - - - - - - 8.82
achieve this objective, the securities nor- 31 Dec 23 (R) 111.83 0.68 0.63 0.71 0.70 0.74 0.77 0.80 0.82 0.82 0.83 0.84 0.82 8.19
mally to be included in the portfolio will 31 Dec 22 (R) 110.79 0.52 0.48 0.55 0.54 0.57 0.59 0.63 0.65 0.64 0.67 0.67 0.71 6.52
0.48
0.46
0.47
0.50
0.46
0.41
0.48
0.47
0.49
31 Dec 21 (R)
112.08
0.45
0.50
0.53
5.07
consist of fixed income securities, high 31 Dec 20 (R) 113.19 0.70 0.65 0.68 0.61 0.55 0.50 0.49 0.46 0.42 0.43 0.42 0.44 5.62
yielding securities, non-equity securities
and liquid assets. Nothing precludes the Risk / Return Profile
Manager from retaining cash in the port- 20
folio or placing cash on deposits. Call
rates provide the fund with a benchmark.
Although the mandate does not prescribe 3yr Compound return(%)
it, the portfolio is managed in conformity 10
with prudential investment guidelines.
DETAILS as at 30 June 2024
All fees and charges include Vat 0 0 11 22
Volatility p.a.
Formation date: 15 Oct 1993
Min lump sum: R500 PORTFOLIO ALLOCATION
Minimum monthly: R300 June 2024 December 2023
Top-up investment: R300 Sector Value (R000) % of Fund Value (R000) % of Fund Difference
No of holdings: 52 Floating Corporate Debt 202 40.70% 154 35.50% 5.20%
No of unitholders: 838 Preference Shares 4 0.70% 3 0.80% -0.10%
Cash and Short Term Deposits 79 15.90% 100 22.90% -7.00%
Original price: 100 Medium Term Floating Deposits 18 3.70% 0 0.00% 3.70%
Broker p.a. com (R): 0.58% RSA Government Bonds and Bills 194 39.00% 178 40.80% -1.80%
Annual fee (R): 0.69% Total 497 100.00% 435 100.00% 14.25%
TER (R) 06/24: 0.71% TOP HOLDINGS BY VALUE
TER Perf% (R): 0.00% June 2024 December 2023
Fund value: R496.04m
Short Name/ Units Value %of Units Value %of Difference
Risk rating: Low - Medium JSE Code Sector Name (000’s) (R ‘000) Fund (000’s) (R ‘000) Fund (000’s)
PlexCrowns: R2030 SA Bnds 110 192 105 404 21.19% 110 192 105 168 24.18% 0
Income declaration: Monthly R213 SA Bnds 60 232 52 402 10.54% 31 558 27 184 6.25% 28 674
RN2030 SA Bnds 14 000 13 737 2.76% 12 000 11 830 2.72% 2 000
NDBB02 SA Bnds 12 000 11 995 2.41% 12 000 12 117 2.79% 0
I2029 SA Bnds 8 114 10 411 2.10% 8 187 10 476 2.41% (73)
SSA10 SA Bnds 9 000 9 000 1.81% 9 000
LHC03 SA Bnds 9 000 9 000 1.81% 9 000
OML18 SA Bnds 9 000 8 999 1.81% 9 000
TFS179 SA Bnds 9 000 8 991 1.81% 9 000
NTC36 SA Bnds 8 000 8 039 1.62% 8 000 8 142 1.87% 0
TOTAL 237 978 47.86% 174 917 40.22%
Price History Relative Strength to SA Bond Index - TRI
120 1.5
117
1.3
114
1.1
111
0.9
108
0.7
105
| 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 0.5
O N D J F M A M J J A
274 Profile’s Unit Trusts & Collective Investments — DOMESTIC