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Merchant West SCI Global Property Income Fund  |  Global-Real Estate-General
4.3675    -0.0233    (-0.531%)
NAV price (ZAR) Fri 4 Oct 2024 (change prev day)


 
Technical Details  
 

Formation Date (A)

16 Apr 2009

Fund Size (ZAR)

103 295 975

Domicile

South Africa

Reporting Currency

ZAR

JSE Code (A)

GGPI

ISIN (A)

ZAE000163416

Pricing

Daily

Number of unitholders

0

ASISA Category

Gbl-Real Estate-General

Benchmark

GPR 250 REIT Index TR

Income Distributions

30/06,31/12

Income Payment

01/07,03/01

Trustee

0

Management Company

Sanlam Collective Investments

Fund Management

Ian Anderson, Richard Henwood

Minimum Investment

R0

Minimum Top-Up

-

Minimum Monthly

no minimum

Risk Rating

-

 
Fund Objective  
 
The Counterpoint SCI Global Property Income Fund is a specialist global property portfolio with the objective of providing investors with high current income and long-term capital appreciation. It achieves this by investing in the Bridge Global Property Income Fund (BGPIF) which is domiciled in Ireland. The BGPIF invests in real estate securities listed on international stock exchanges.

This fund is available to be used within our Tax Free Savings Plan, by virtue of S12T of the Income Tax Act.
 
Management  
 
Ian Anderson (BComm, CFA)
Ian joined Grindrod Asset Management as Chief Investment Officer in September 2009. Prior to that, he ran his own consultancy where his clients included Marriott Asset Management, Fortress Asset Managers (part of the Resilient group of companies) and the Property Loan Stock Association of South Africa. Ian was the Investment Director at Marriott Asset Management from 2002 to 2007, having joined the firm as an Investment Analyst in 1996. Ian has been involved in the management of specialist listed property portfolios for the past 15 years.

Richard Henwood
Richard has over 12 years of investment experience which he gained in both the UK and South Africa. He spent 9 years in London working for global investment manager Schroders Investment Management, and hedge funds Trafalgar Asset Managers and CapeView Capital LLP. There he gained valuable insight into various investment strategies including long-only, event-driven, credit, private equity and long-short equity. He returned to South Africa in 2013 and worked for Atlas Trading (Grindrod) before joining Bridge Fund Managers (formerly Grindrod Asset Management) in 2014.
 
Fees and Costs - Class A
 
Initial Fee3.00%
Advisor Initial Feen/a
Annual Management Fee1.44%
Performance Fee-
Advisor Annual Feen/a
Trailer Fee-
Exit Fee-
TER (30/06)1.40%
TER Performance Fee0.00%
Transaction Costs Ratio0.07%
Total TER1.47%
 
Distribution - Class A
DeclaredPayAmountClassCurrency
30 Jun 20241 Jul 20247.310AZARc
31 Dec 20232 Jan 20241.772AZARc
30 Jun 20233 Jul 20233.257AZARc
31 Dec 20223 Jan 20232.654AZARc
30 Jun 20221 Jul 20221.437AZARc
31 Dec 20213 Jan 20222.051AZARc
30 Jun 20211 Jul 20211.924AZARc
4 Jun 20214 Jun 20210.000AZARc
31 Dec 20204 Jan 20210.000AZARc
31 Dec 20192 Jan 20200.000AZARc
 
Statutory Data
 
Management CompanySanlam Collective Investments
Registration Number1967/002865/07
Directors-
Trustee-
AuditorsErnst & Young Inc. and KPMG Inc.
Sponsors-
Advisors-
Physical AddressSanlam Head Office 2 Strand Road Bellville 7530
Postal AddressPO Box 1 Sanlamhof 7532
Telephone021-947-9111
Tollfree-
Fax021-947-9111
Email-
Websitehttp://https://www.sanlam.co.za