Marriott Fund Research Tool


Technical Details

Formation Date (A)	1 Mar 2012
Fund Size (ZAR)	630 546 063
Domicile	South Africa
Reporting Currency	ZAR
JSE Code (A)	EFIF
ISIN (A)	ZAE000164638
Pricing	Daily
Number of unitholders	64
ASISA Category	SA-Multi Asset-Income
Benchmark	STeFI Composite Index
Income Distributions	31/03,30/06,30/09,31/12
Income Payment	02/04,02/07,02/10,03/01
Trustee	The Standard Bank of South Africa
Management Company	Boutique Collective Investments (RF) (Pty) Ltd.
Fund Management	Ashburton Fund Managers Ltd., Nolan Wapenaar
Minimum Investment	R0
Minimum Top-Up	-
Minimum Monthly	no minimum
Risk Rating	Low


Technical Details

Formation Date (A)	1 Mar 2012
Fund Size (ZAR)	630 546 063
Domicile	South Africa
Reporting Currency	ZAR
JSE Code (A)	EFIF
ISIN (A)	ZAE000164638
Pricing	Daily
Number of unitholders	64
ASISA Category	SA-Multi Asset-Income
Benchmark	STeFI Composite Index
Income Distributions	31/03,30/06,30/09,31/12
Income Payment	02/04,02/07,02/10,03/01
Trustee	The Standard Bank of South Africa
Management Company	Boutique Collective Investments (RF) (Pty) Ltd.
Fund Management	Ashburton Fund Managers Ltd., Nolan Wapenaar
Minimum Investment	R0
Minimum Top-Up	-
Minimum Monthly	no minimum
Risk Rating	Low

Fund Objective

The Select BCI Fixed Income Fund is a South African Income Fund. The objective of this portfolio is to maximize interest income and preserve the portfolio's capital and provide liquidity. Investments to be included in the Select BCI Flexible Income Fund will apart from assets in liquid form, consist of interest bearing and non-equity securities, fixed interest instruments (including but not limited to bonds, cash or fixed deposits and money market instruments), debentures and preference shares of an income nature, property securities as well as other income enhancing securities which are considered consistent with the portfolio's primary objectives....Read more

Fund Objective

The Select BCI Fixed Income Fund is a South African Income Fund. The objective of this portfolio is to maximize interest income and preserve the portfolio's capital and provide liquidity. Investments to be included in the Select BCI Flexible Income Fund will apart from assets in liquid form, consist of interest bearing and non-equity securities, fixed interest instruments (including but not limited to bonds, cash or fixed deposits and money market instruments), debentures and preference shares of an income nature, property securities as well as other income enhancing securities which are considered consistent with the portfolio's primary objectives....Read more


Management

Ashburton Fund Managers Ltd. 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

Ashburton Fund Managers Ltd. 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	0.868%
Performance Fee	-
Advisor Annual Fee	n/a
Trailer Fee	-
Exit Fee	-
TER (31/03)	0.89%
TER Performance Fee	0.00%
Transaction Costs Ratio	0.00%
Total TER	0.89%


Fees and Costs - Class A

Initial Fee	0.00%
Advisor Initial Fee	n/a
Annual Management Fee	0.868%
Performance Fee	-
Advisor Annual Fee	n/a
Trailer Fee	-
Exit Fee	-
TER (31/03)	0.89%
TER Performance Fee	0.00%
Transaction Costs Ratio	0.00%
Total TER	0.89%


Statutory Data

Management Company	Boutique Collective Investments (RF) (Pty) Ltd.
Registration Number	2003/024082/071
Directors	D Gill, D D Roodt, H Weidhase
Trustee	The Standard Bank of South Africa
Auditors	PricewaterhouseCoopers Inc
Sponsors	-
Advisors	-
Physical Address	81 Dely Street Hazelwood Pretoria 0081
Postal Address	81 Dely Street Hazelwood Pretoria 0
Telephone	021-007-1500
Tollfree	-
Fax	086-502-5319
Email	clientservices@bcis.co.za
Website	http://www.bcis.co.za


Statutory Data

Management Company	Boutique Collective Investments (RF) (Pty) Ltd.
Registration Number	2003/024082/071
Directors	D Gill, D D Roodt, H Weidhase
Trustee	The Standard Bank of South Africa
Auditors	PricewaterhouseCoopers Inc
Sponsors	-
Advisors	-
Physical Address	81 Dely Street Hazelwood Pretoria 0081
Postal Address	81 Dely Street Hazelwood Pretoria 0
Telephone	021-007-1500
Tollfree	-
Fax	086-502-5319
Email	clientservices@bcis.co.za
Website	http://www.bcis.co.za

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