Marriott Fund Research Tool


Technical Details

Formation Date (A)	1 Oct 1999
Fund Size (ZAR)	253 330 785 601
Domicile	South Africa
Reporting Currency	ZAR
JSE Code (A)	AGBF
ISIN (A)	ZAE000025029
Pricing	Daily
Number of unitholders	143597
ASISA Category	SA-Multi Asset-High Equity
Benchmark	The market value-weighted average return of funds in the South African - Multi Asset - High Equity category (excluding Allan Gray funds)
Income Distributions	30/06,31/12
Income Payment	-
Trustee	RMB, a division of FirstRand Bank Ltd.
Management Company	Allan Gray Unit Trust Management (RF) Pty Limited
Fund Management	Duncan Artus, Rory Kutisker-Jacobson, Tim Acker
Minimum Investment	R50 000
Minimum Top-Up	1000
Minimum Monthly	R1 000
Risk Rating	Medium-High


Technical Details

Formation Date (A)	1 Oct 1999
Fund Size (ZAR)	253 330 785 601
Domicile	South Africa
Reporting Currency	ZAR
JSE Code (A)	AGBF
ISIN (A)	ZAE000025029
Pricing	Daily
Number of unitholders	143597
ASISA Category	SA-Multi Asset-High Equity
Benchmark	The market value-weighted average return of funds in the South African - Multi Asset - High Equity category (excluding Allan Gray funds)
Income Distributions	30/06,31/12
Income Payment	-
Trustee	RMB, a division of FirstRand Bank Ltd.
Management Company	Allan Gray Unit Trust Management (RF) Pty Limited
Fund Management	Duncan Artus, Rory Kutisker-Jacobson, Tim Acker
Minimum Investment	R50 000
Minimum Top-Up	1000
Minimum Monthly	R1 000
Risk Rating	Medium-High

Fund Objective

The Fund invests in a mix of shares, bonds, property, commodities and cash. The Fund can invest a maximum of 30% offshore, with an additional 10% allowed for investments in Africa outside of South Africa. The Fund typically invests the bulk of its foreign allowance in a mix of funds managed by Orbis Investment Management Limited, our offshore investment partner. The maximum net equity exposure of the Fund is 75% and we may use exchange-traded derivative contracts on stock market indices to reduce net equity exposure from time to time. The Fund is managed to comply with the investment limits governing retirement funds....Read more

Fund Objective

The Fund invests in a mix of shares, bonds, property, commodities and cash. The Fund can invest a maximum of 30% offshore, with an additional 10% allowed for investments in Africa outside of South Africa. The Fund typically invests the bulk of its foreign allowance in a mix of funds managed by Orbis Investment Management Limited, our offshore investment partner. The maximum net equity exposure of the Fund is 75% and we may use exchange-traded derivative contracts on stock market indices to reduce net equity exposure from time to time. The Fund is managed to comply with the investment limits governing retirement funds....Read more


Management

Tim Acker Duncan Artus (B Bus Sc (Hons), PGDA, CFA, CMT) Duncan joined Allan Gray in 2001 as an equity analyst after completing his Honours in Business Science and post graduate diploma in Accounting at the University of Cape Town. He is a CFA charter holder and was appointed a trainee portfolio manager in January 2003. As of 1 January 2005, Duncan was promoted to the position of portfolio manager and will be managing a portion of the balanced and equity portfolios of the segregated and life clients. Rory Kutisker-Jacobson


Management

Tim Acker Duncan Artus (B Bus Sc (Hons), PGDA, CFA, CMT) Duncan joined Allan Gray in 2001 as an equity analyst after completing his Honours in Business Science and post graduate diploma in Accounting at the University of Cape Town. He is a CFA charter holder and was appointed a trainee portfolio manager in January 2003. As of 1 January 2005, Duncan was promoted to the position of portfolio manager and will be managing a portion of the balanced and equity portfolios of the segregated and life clients. Rory Kutisker-Jacobson

Fees and Costs - Class A

Initial Fee

0.00%

Advisor Initial Fee

n/a

Annual Management Fee

1.15%

Performance Fee

Fee for performance equal to the Fund’s benchmark: 1.00% p.a. excl. VAT. For each percentage of two-year performance above or below the benchmark we add or deduct 0.1%, subject to the following limits: Max 1.50% and Min 0.5% p.a excl VAT.

Advisor Annual Fee

n/a

Trailer Fee

-

Exit Fee

-

TER (31/12)

1.64%

TER Performance Fee

0.47%

Transaction Costs Ratio

0.06%

Total TER

1.70%