Marriott Fund Research Tool


Technical Details

Formation Date (A)	8 Mar 2016
Fund Size (ZAR)	240 017 484
Domicile	South Africa
Reporting Currency	ZAR
JSE Code (A)	ABAIA
ISIN (A)	ZAE000212882
Pricing	Daily
Number of unitholders	0
ASISA Category	Gbl-Interest Bearing-Unclassified
Benchmark	SteFI Composite Index plus 2% p.a
Income Distributions	31/03,30/06,30/09,31/12
Income Payment	02/04,02/07,02/10,02/01
Trustee	0
Management Company	Anchor Capital (Pty) Ltd.
Fund Management	Nolan Wapenaar
Minimum Investment	R25 000
Minimum Top-Up	-
Minimum Monthly	R1 000
Risk Rating	Medium


Technical Details

Formation Date (A)	8 Mar 2016
Fund Size (ZAR)	240 017 484
Domicile	South Africa
Reporting Currency	ZAR
JSE Code (A)	ABAIA
ISIN (A)	ZAE000212882
Pricing	Daily
Number of unitholders	0
ASISA Category	Gbl-Interest Bearing-Unclassified
Benchmark	SteFI Composite Index plus 2% p.a
Income Distributions	31/03,30/06,30/09,31/12
Income Payment	02/04,02/07,02/10,02/01
Trustee	0
Management Company	Anchor Capital (Pty) Ltd.
Fund Management	Nolan Wapenaar
Minimum Investment	R25 000
Minimum Top-Up	-
Minimum Monthly	R1 000
Risk Rating	Medium

Fund Objective

The maximum effective equity exposure (including international equity) will be 10% and a maximum effective property exposure (including international property) of 25%. The portfolio's African exposure, excluding South Africa, will always exceed 80% of the portfolio's asset value. The portfolio may, from time to time, invest in listed and unlisted financial instruments. The manager may also include forward currency, interest rate and exchange-rate swap transactions for efficient portfolio management purposes.

Fund Objective

The maximum effective equity exposure (including international equity) will be 10% and a maximum effective property exposure (including international property) of 25%. The portfolio's African exposure, excluding South Africa, will always exceed 80% of the portfolio's asset value. The portfolio may, from time to time, invest in listed and unlisted financial instruments. The manager may also include forward currency, interest rate and exchange-rate swap transactions for efficient portfolio management purposes.


Management

Nolan Wapenaar (MCom, CA(SA)) Nolan read for his MCom degree from the University of the Witwatersrand and is a CA(SA). He gained fixed income experience during his seven years at Rand Merchant Bank and six years at Deutsche Bank. After the great financial crises, he was appointed to head the Deutsche Bank European Structured Credit Finance trading desk with assets under management in excess of $3 billion. Following the orderly restructuring and exit of these problem assets, he was appointed to the New York offices where he provided risk reduction solutions to clients. He was successful in managing the fixed income portfolios at Efficient Select, with the fund being a regular feature of the top quartile of performers on most meaningful time periods.


Management

Nolan Wapenaar (MCom, CA(SA)) Nolan read for his MCom degree from the University of the Witwatersrand and is a CA(SA). He gained fixed income experience during his seven years at Rand Merchant Bank and six years at Deutsche Bank. After the great financial crises, he was appointed to head the Deutsche Bank European Structured Credit Finance trading desk with assets under management in excess of $3 billion. Following the orderly restructuring and exit of these problem assets, he was appointed to the New York offices where he provided risk reduction solutions to clients. He was successful in managing the fixed income portfolios at Efficient Select, with the fund being a regular feature of the top quartile of performers on most meaningful time periods.

Fees and Costs - Class A

Initial Fee

0.00%

Advisor Initial Fee

n/a

Annual Management Fee

0.807%

Performance Fee

15% of outperformance of benchmark over a rolling 1 year capped at 1% p.a.

Advisor Annual Fee

n/a

Trailer Fee

-

Exit Fee

-

TER (31/03)

1.19%

TER Performance Fee

0.33%

Transaction Costs Ratio

0.00%

Total TER

1.19%

Fees and Costs - Class A

Initial Fee

0.00%

Advisor Initial Fee

n/a

Annual Management Fee

0.807%

Performance Fee

15% of outperformance of benchmark over a rolling 1 year capped at 1% p.a.

Advisor Annual Fee

n/a

Trailer Fee

-

Exit Fee

-

TER (31/03)

1.19%

TER Performance Fee

0.33%

Transaction Costs Ratio

0.00%

Total TER

1.19%


Statutory Data

Management Company	Anchor Capital (Pty) Ltd.
Registration Number	2009/002925/07
Directors	P Armitage, Todd Kaplan
Trustee	-
Auditors	Grant Thornton
Sponsors	-
Advisors	-
Physical Address	25 Culross Road Bryanston Sandton 2191
Postal Address	PO Box 1337 Gallo Manor 2052
Telephone	011-591-0677
Tollfree	-
Fax	0866-55-32-85
Email	info@anchorcapital.co.za
Website	http://www.anchorcapital.co.za


Statutory Data

Management Company	Anchor Capital (Pty) Ltd.
Registration Number	2009/002925/07
Directors	P Armitage, Todd Kaplan
Trustee	-
Auditors	Grant Thornton
Sponsors	-
Advisors	-
Physical Address	25 Culross Road Bryanston Sandton 2191
Postal Address	PO Box 1337 Gallo Manor 2052
Telephone	011-591-0677
Tollfree	-
Fax	0866-55-32-85
Email	info@anchorcapital.co.za
Website	http://www.anchorcapital.co.za

Your Email Address
Recipient's Email Address
Message for Recipient	Attached is a PDF from Marriott.