Page 279 - Profile's Unit Trusts & Collective Investments - March 2025

Marriott Income Fund

Marriott Income Fund
Marriott Income Fund
Sector: South African—Multi Asset—
Income HISTORICAL PERFORMANCE All figures to 31 December 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) 10.42% R1 104 R1 029 10.88% R1 273 R1 211 1.80
3 (R) 8.41% R1 274 R1 160 9.44% R4 175 R3 821 2.08
MANAGEMENT 5 (R) 7.36% R1 426 R1 266 8.01% R7 399 R6 751 1.93
Marriott Asset Management 10 (R) 7.52% R2 065 R1 618 7.49% R17 895 R15 258 1.40
All asset management decisions are made 15 (R) 7.08% R2 791 R2 086 7.14% R32 274 R26 338 1.26
together with the Marriott Investment 20 (R) 7.33% R4 114 R2 883 7.12% R53 153 R41 309 2.03
Committee using an income-focused ap- 25 (R) 8.60% R7 859 R3 729 7.48% R88 005 R60 580 3.17
proach to investing. 30 (R) 9.76% R16 322 R5 148 8.31% R159 740 R86 685 4.45
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 31 Dec 24 (R) 113.05 0.81 0.78 0.83 0.82 0.85 0.83 0.83 0.83 0.81 0.82 0.82 0.80 8.69
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
112.08
0.50
0.47
0.46
0.48
0.45
0.41
0.53
5.07
31 Dec 21 (R)
0.47
0.49
0.50
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- 25
folio or placing cash on deposits. Call
rates provide the fund with a benchmark.
Although the mandate does not prescribe
it, the portfolio is managed in conformity 3yr Compound return(%) 12
with prudential investment guidelines.
DETAILS as at 31 December 2024
All fees and charges include Vat 0 0 10 20
Volatility p.a.
Formation date: 15 Oct 1993
Min lump sum: R500 PORTFOLIO ALLOCATION
Minimum monthly: R300 December 2024 June 2024
Top-up investment: R300 Sector Value (Rmil) % of Fund Value (Rmil) % of Fund Difference
No of holdings: 58 Floating Corporate Debt 236 44.70% 202 40.70% 4.00%
No of unitholders: 814 Preference Shares 4 0.70% 4 0.70% 0.00%
Cash and Short Term Deposits 26 4.90% 79 15.90% -11.00%
Original price: 100 Medium Term Fixed Deposits 18 3.40% 18 3.70% -0.30%
Broker p.a. com (R): 0.58% RSA Government Bonds and Bills 245 46.20% 194 39.00% 7.30%
Annual fee (R): 0.69% TOTAL 529 100.00% 497 100.00% 6.44%
TER (R) 12/24: 0.72% TOP HOLDINGS BY VALUE
TER Perf% (R): 0.00% December 2024 June 2024
Fund value: R528.96m Short Name/ Units Value %of Units Value %of
JSE Code Sector Name (000’s) (R ‘000) Fund (000’s) (R ‘000) Fund Difference
Risk rating: Low - Medium
R2030 SA Bnds 110 192 105 935 19.68% 110 192 105 404 21.19% 0
PlexCrowns: R213 SA Bnds 40 135 37 013 6.88% 60 232 52 403 10.54% -20 097
Income declaration: Monthly RN2030 SA Bnds 28 750 28 536 5.30% 14 000 13 737 2.76% 14 750
R2032 SA Bnds 28 630 27 378 5.09%
NDBB02 SA Bnds 12 000 11 968 2.22% 12 000 11 995 2.41% 0
I2029 SA Bnds 8 114 10 868 2.02% 8 114 10 411 2.10% 0
BPPF51 SA Bnds 10 000 10 020 1.86%
TFS179 SA Bnds 9 000 9 025 1.68% 9 000 8 991 1.81% 0
OML18 SA Bnds 9 000 9 024 1.68% 9 000 8 999 1.81% 0
SSA10 SA Bnds 9 000 9 001 1.67% 9 000 9 000 1.81% 0
TOTAL 258 766 48.08% 237 978 47.86%
Price History Relative Strength to SA Bond Index - TRI
114.0 1.5
1.3
112.5
1.1
111.0
0.9
109.5
0.7
108.0
15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 0.5
J F M A M J J A
Profile’s Unit Trusts & Collective Investments — DOMESTIC 277