Marriott Global Income comment - Sep 03 - Fund Manager Comment22 Oct 2003
Distribution
The Sep 2003 quarterly distribution amounts to 4.3896 cents per unit. The Sep distribution was slightly lower than Jun due to a stronger rand (on average) during the Sep quarter, with the dollar income remaining virtually unchanged from the previous quarter. The last four distributions amount to 19.6661cpu, which represents a historical income yield of 6.3%.
Future Income
There is unlikely to be a significant change in the hard currency income produced by the fund due to the low-risk and predictable nature of the underlying investments. However, any fluctuations in the value of the rand will result in fluctuations in the distribution.
Capital
There has been very little movement in the hard currency capital values of the underlying investments. However, in the recent past the capital value per unit has decreased as the rand has strengthened against the US dollar, the euro and sterling. Looking forward, the capital value of the fund will continue to be driven by the value of the rand, with the low-risk underlying investments providing stable hard currency capital values.
Marriott Global Income comment - Jun 03 - Fund Manager Comment24 Jul 2003
Distribution
The June 2003 quarterly distribution amounts to 4.7694 cents per unit. The June distribution was slightly lower than March due to a stronger rand (on average) during the June quarter, with the dollar income remaining virtually unchanged from the previous quarter. The last four distributions amount to 21.7109c, which represents a historical income yield of 6.3%.
Future Income
There is unlikely to be a significant change in the hard currency income produced by the fund due to the low-risk and predictable nature of the underlying investments. However, any fluctuations in the value of the rand will result in fluctuations in the distribution.
Capital
There has been very little movement in the hard currency capital values of the underlying investments. However, in the recent past the capital value per unit has decreased as the rand has strengthened against the US dollar, the euro and sterling. Looking forward, the capital value of the fund will continue to be driven by the value of the rand, with the low-risk underlying investments providing stable hard currency capital values.
Marriott Global Income comment - Mar 03 - Fund Manager Comment16 May 2003
Distribution
The March 2003 quarterly distribution amounts to 4.8432 cents per unit. The last four distributions amount to 22.2299c, which represents a historical income yield of 6.4%. Although the hard currency income produced by the portfolio remained largely unchanged from the previous quarter, the distribution was lower as the rand strengthened against all major currencies over this period.
Future Income
There is unlikely to be a significant change in the hard currency income produced by the fund due to the low -risk and predictable nature of the underlying investments. However, any fluctuations in the value of the rand will result in fluctuations in the distribution.
Capital
There has been very little movement in the hard currency capital values of the underlying investments. However, in the recent past the capital value per unit has decreased as the rand has strengthened against the US dollar, the euro and sterling. Looking forward, the capital value of the fund will continue to be driven by the value of the rand, with the low -risk underlying investments providing stable hard currency capital values.
Marriott Global Income Fund reopens - Official Announcement19 Mar 2003
The Marriott Global Income Fund opened on Tuesday 18 March to all new business, ie, direct business, business via the linked product companies and new debit orders, because the fund has asset swap capacity available.
Marriott Global Income comment - Dec 02 - Fund Manager Comment27 Jan 2003
Distribution
The December 2002 distribution amounts to 5.6639c per unit, bringing the distribution for the year to 24.1367c per unit, representing a yield in excess of 5%. Although the hard currency income produced by the portfolio remained largely unchanged from the previous quarter, the distribution was lower as the rand strengthened against all major currencies.
Future Income
There is unlikely to be a significant change in the hard currency income produced by the fund due to the low-risk and predictable nature of the underlying investments. However, any fluctuations in the value of the rand will result in fluctuations in the distribution.
Capital
There has been very little movement in the hard currency capital values of the underlying investments. However, in the recent past the capital value per unit has decreased as the rand has strengthened against the US dollar, the euro and sterling. Looking forward, the capital value of the fund will continue to be driven by the value of the rand, with the low-risk underlying investments providing stable hard currency capital values.