Page 278 - Profiles's Unit Trusts & Collective Investments - September 2024

Marriott International Real Estate Feeder Fund

Marriott International Real Estate Feeder Fund
Marriott International Real Estate Feeder Fund
Sector: Global—Real Estate—General
Fund benchmark: JP Morgan Global HISTORICAL PERFORMANCE All figures to 30 June 2024
Bond index R1 000 Lump Sum(NAV-NAV) R100 Per Month(NAV-NAV)
Code (A): MGRE Yrs Return Value Inflation Return Value Inflation Volatility
Code (C): MGRC 1 (A) 0.72% R1 007 R1 052 (2.13)% R1 186 R1 229 21.46
3 (A) 2.88% R1 089 R1 191 (0.26)% R3 585 R3 911 20.55
MANAGEMENT 5 (A) 3.58% R1 192 R1 276 2.18% R6 345 R6 886 19.17
10 (A) 6.32% R1 846 R1 629 4.38% R15 080 R15 564 17.31
Marriott Asset Management 15 (A) 11.20% R4 913 R2 116 7.79% R34 191 R26 882 15.72
All asset management decisions are made 20 (A) 8.06% R4 714 R2 896 7.20% R53 725 R42 270 18.46
together with the Marriott Investment
Committee using an income-focused ap- HISTORICAL DISTRIBUTIONS Actual payout (cents/unit) & 12-mnth historic yields
proach to investing. Period Ending End Price Mar Jun Sep Dec 12-mnth DY%
FUND FOCUS 30 Jun 24 (A) 534.51 9.68 0.39 - - 3.99
The Marriott International Real Estate 30 Jun 24 (C) 534.84 10.03 0.72 - - 4.24
Feeder Fund is a rand-denominated 31 Dec 23 (A) 598.13 9.08 0.39 10.89 0.38 3.47
feeder fund that invests all its non-cash 31 Dec 23 (C) 598.45 9.42 0.73 11.23 0.70 3.69
assets in the Marriott International Real 31 Dec 22 (A) 517.23 6.52 0.18 7.73 0.29 2.85
Estate Fund. The objective and mandate 31 Dec 22 (C) 517.55 6.88 0.53 8.07 0.61 3.11
of the Marriott International Real Estate
Fund is to provide a high and growing in- Risk / Return Profile
come stream from a portfolio of interna- 20
tionally listed real estate securities as
well as long-term capital growth. The in-
vestment universe for this fund is listed
real estate securities on international 3yr Compound return(%) 10
stock markets. The fund benchmark is a
yield comparable to the J P Morgan
Global Bond Index Yield. The underlying
fund is approved for sale in South Africa 0 0 11 22
by the Financial Sector Conduct Author- Volatility p.a.
ity (FSCA). The portfolio is valued and
returns are measured in rands. PORTFOLIO ALLOCATION
June 2024 December 2023
DETAILS as at 30 June 2024 Sector
All fees and charges include Vat Value (R000) % of Fund Value (R000) % of Fund Difference
US Real Estate 104 61.90% 106 54.00% 7.90%
Formation date: 3 Oct 2000 UK Real Estate 31 18.40% 47 24.10% -5.70%
Min lump sum: R500 Canadian Real Estate 7 3.90% 8 3.90% 0.00%
0.00%
Minimum monthly: R300 Far Eastern Real Estate 18 3 10.60% 21 8 10.60% -2.00%
3.90%
1.90%
Int Money Market
Top-up investment: R300 RSA Money Market 5 3.30% 6 3.50% -0.20%
No of holdings: 1 Total 168 100.00% 196 100.00% -14.29%
No of unitholders: 497 TOP HOLDINGS BY VALUE
Original price: 200 June 2024 December 2023
Broker p.a. com (A): 0.58% Short Name/
%of
Value
Units
Value
%of Difference
Units
Annual fee (A): 1% JSE Code Sector Name (000’s) (R ‘000) Fund (000’s) (R ‘000) Fund (000’s)
TER (A) 06/24: 1.43% O-MARREAL Offshore 7 675 162 270 96.75% 8 118 192 735 96.40% (443)
TER Perf% (A): 0.00% TOTAL 162 270 96.75% 192 735 96.40%
Annual fee (C): 1%
TER (C) 06/24: 1.19%
Price History Relative Strength to MSCI World index
TER Perf% (C): 0.00%
700 1.5
Fund value: R167.65m
Risk rating: Medium - High 610 1.3
PlexCrowns: 520 1.1
Income declaration: 31/03, 30/06, 430 0.9
30/09, 31/12
340 0.7
Income payment: 03/04, 03/07,
03/10, 03/01 250 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 0.5 |15|16 |17 | 18 |19|20 |21 | 22 |23|

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