Page 276 - Profile's Unit Trusts & Collective Investments - March 2025

Marriott First World Equity Feeder Fund

Marriott First World Equity Feeder Fund
Marriott First World Equity Feeder Fund
Sector: Global—Equity—General
Fund benchmark: The yield composite HISTORICAL PERFORMANCE All figures to 31 December 2024
index consisting of equal weightings of R1 000 Lump Sum(NAV-NAV) R100 Per Month(NAV-NAV)
the S&P500, the FTSE350, and the Yrs Return Value Inflation Return Value Inflation Volatility
FTSEurofirst 300 Eurozone indices. 1 (A) 6.30% R1 063 R1 029 7.34% R1 249 R1 211 8.41
Code (A): MIWE 3 (A) 5.37% R1 170 R1 160 8.21% R4 094 R3 821 11.75
5 (A) 9.63% R1 583 R1 266 8.08% R7 413 R6 751 12.22
Code (C): MIWC
10 (A) 9.31% R2 436 R1 618 8.53% R18 976 R15 258 13.63
MANAGEMENT 15 (A) 11.30% R4 981 R2 086 10.25% R42 779 R26 338 12.85
Marriott Asset Management HISTORICAL DISTRIBUTIONS Actual payout (cents/unit) & 12-mnth historic yields
All asset management decisions are made Period Ending End Price Mar Jun Sep Dec 12-mnth DY%
together with the Marriott Investment 31 Dec 24 (A) 3 515.95 26.09 2.63 42.22 2.60 2.09
Committee using an income-focused ap-
proach to investing. 31 Dec 24 (C) 3 517.98 28.15 4.64 44.27 4.64 2.32
31 Dec 23 (A) 3 379.75 20.25 3.09 46.38 2.66 2.14
FUND FOCUS 31 Dec 23 (C) 3 381.71 22.10 5.11 48.41 4.62 2.37
The Marriott First World Equity Feeder 31 Dec 22 (A) 3 019.65 14.21 1.19 32.28 2.10 1.65
Fund is a rand-denominated feeder fund 31 Dec 22 (C) 3 021.43 15.93 2.87 34.03 3.88 1.88
that invests all its non-cash assets in the
Marriott First World Equity Fund. The Risk / Return Profile
objective and mandate of the Marriott
First World Equity Fund is to generate 25
long-term growth in distributable income
and value through investments in quoted
shares which must be constituents of the 3yr Compound return(%) 12
S&P 500, FTSE 350, FTSE Eurofirst
300. The underlying fund is managed to
achieve a gross yield in UK pound ster-
ling terms comparable to the yield gener- 0 0 10 20
ated by the average of the S&P 500 Volatility p.a.
Index, FTSE 350 and FTSE Eurofirst in-
dices and capital growth in excess of UK PORTFOLIO ALLOCATION
Consumer Price Inflation. The underly- December 2024 June 2024
ing fund is a class of shares in an Sector Value (Rmil) % of Fund Value (Rmil) % of Fund Difference
open-ended investment company listed US Equities 395 61.40% 354 57.20% 4.20%
on the Irish Stock Exchange and is regu- UK Equities 37 5.70% 71 11.40% -5.70%
lated by The Central Bank of Ireland. European Equities
The underlying fund is approved for sale US Real Estate 116 18.00% 106 17.20% 0.80%
in South Africa by the Financial Sector 24 3.80% 18 2.90% 0.90%
Conduct Authority (FSCA). The Int Money Market 37 5.70% 41 6.70% -1.00%
portfolio is valued and returns are RSA Money Market 35 5.40% 29 4.60% 0.80%
measured in rands. TOTAL 644 100.00% 619 100.00% 4.04%
TOP HOLDINGS BY VALUE
DETAILS as at 31 December 2024
All fees and charges include Vat December 2024 June 2024
Short Name/ Units Value %of Units Value %of
Formation date: 1 Dec 2008 JSE Code Sector Name (000’s) (R ‘000) Fund (000’s) (R ‘000) Fund Difference
Min lump sum: R500 O-MARFWE Offshore 14 773 608 413 94.45% 15 143 586 499 95.47% (370 039)
Minimum monthly: R300 TOTAL 608 413 94.45% 586 499 95.47%
Top-up investment: R300 Price History Relative Strength to MSCI World index
No of holdings: 1 4000 1.5
No of unitholders: 1217
3500 1.3
Broker p.a. com (A): 0.58%
Annual fee (A): 1% 3000 1.1
TER (A) 12/24: 1.39% 2500 0.9
TER Perf% (A): 0.00% 2000 0.7
Annual fee (C): 1%
1500 0.5 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24
TER (C) 12/24: 1.16% 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24
TER Perf% (C): 0.00%
Fund value: R636.05m
Risk rating: High
PlexCrowns:
Income declaration: 31/03, 30/06,
30/09, 31/12
Income payment: 03/04, 03/07,
03/10, 03/01

274 Profile’s Unit Trusts & Collective Investments — DOMESTIC