Marriott Fund Research Tool


Technical Details

Formation Date (A1)	4 May 2005
Fund Size (ZAR)	495 151 160
Domicile	South Africa
Reporting Currency	ZAR
JSE Code (A1)	FIFA1
ISIN (A1)	ZAE000159877
Pricing	Daily
Number of unitholders	258
ASISA Category	SA-Multi Asset-Flexible
Benchmark	Multi-Asset Flexible Sector Average
Income Distributions	31/03
Income Payment	02/04
Trustee	Standard Bank of South Africa Ltd.
Management Company	Flagship Private Asset Management (Pty) Limited
Fund Management	Niall Brown
Minimum Investment	R100 000
Minimum Top-Up	-
Minimum Monthly	no minimum
Risk Rating	Medium-High


Technical Details

Formation Date (A1)	4 May 2005
Fund Size (ZAR)	495 151 160
Domicile	South Africa
Reporting Currency	ZAR
JSE Code (A1)	FIFA1
ISIN (A1)	ZAE000159877
Pricing	Daily
Number of unitholders	258
ASISA Category	SA-Multi Asset-Flexible
Benchmark	Multi-Asset Flexible Sector Average
Income Distributions	31/03
Income Payment	02/04
Trustee	Standard Bank of South Africa Ltd.
Management Company	Flagship Private Asset Management (Pty) Limited
Fund Management	Niall Brown
Minimum Investment	R100 000
Minimum Top-Up	-
Minimum Monthly	no minimum
Risk Rating	Medium-High

Fund Objective

The Flagship IP Flexible Value Fund aims to outperform both the JSE All Share Index and competing funds over the medium to long term. We rely on fundamental research to identify investments which are trading at a discount to their intrinsic value and to determine which asset classes are the most attractive. The fund will typically have a very different equity profile from that of the All Share Index. Risk is reduced through the fund's value oriented approach.

Fund Objective

The Flagship IP Flexible Value Fund aims to outperform both the JSE All Share Index and competing funds over the medium to long term. We rely on fundamental research to identify investments which are trading at a discount to their intrinsic value and to determine which asset classes are the most attractive. The fund will typically have a very different equity profile from that of the All Share Index. Risk is reduced through the fund's value oriented approach.


Management

Niall Brown (BCom, CA(SA)) Niall was a director, and for a number of years, head of research at HSBC Securities (formerly Simpson McKie Inc). He was subsequently chief investment officer of HSBC Asset Management (South Africa) and was also the portfolio manager for the Nedbank Entrepreneur Fund which was the top performing smaller companies fund during his tenure. After an 18-year career at HSBC and its predecessor firms, he left the group in December 2000. From 2001 to 2004 he managed a private investment company with great success before deciding to return to the business of managing third-party funds. This led to the formation of Osborne Capital, which subsequently merged with Hermes Asset Management.


Management

Niall Brown (BCom, CA(SA)) Niall was a director, and for a number of years, head of research at HSBC Securities (formerly Simpson McKie Inc). He was subsequently chief investment officer of HSBC Asset Management (South Africa) and was also the portfolio manager for the Nedbank Entrepreneur Fund which was the top performing smaller companies fund during his tenure. After an 18-year career at HSBC and its predecessor firms, he left the group in December 2000. From 2001 to 2004 he managed a private investment company with great success before deciding to return to the business of managing third-party funds. This led to the formation of Osborne Capital, which subsequently merged with Hermes Asset Management.


Fees and Costs - Class A1

Initial Fee	0.00%
Advisor Initial Fee	n/a
Annual Management Fee	1.44%
Performance Fee	0.1% for each 1.0% outperformance of benchmark
Advisor Annual Fee	n/a
Trailer Fee	-
Exit Fee	-
TER (30/06)	1.70%
TER Performance Fee	0.00%
Transaction Costs Ratio	0.27%
Total TER	1.97%


Fees and Costs - Class A1

Initial Fee	0.00%
Advisor Initial Fee	n/a
Annual Management Fee	1.44%
Performance Fee	0.1% for each 1.0% outperformance of benchmark
Advisor Annual Fee	n/a
Trailer Fee	-
Exit Fee	-
TER (30/06)	1.70%
TER Performance Fee	0.00%
Transaction Costs Ratio	0.27%
Total TER	1.97%


Statutory Data

Management Company	Flagship Private Asset Management (Pty) Limited
Registration Number	2000/029112/07
Directors	P Floquet (Executive), W Floquet (Chairman), S Hudson (CEO)
Trustee	Standard Bank of South Africa Ltd.
Auditors	Deloitte
Sponsors	-
Advisors	-
Physical Address	1st Floor, ICR House, Alphen Park Main Road Constantia 7800
Postal Address	Private Bag X21 Constantia 7848
Telephone	021-794-3140
Tollfree	-
Fax	021-794-3135
Email	info@flagshipsa.com
Website	http://www.flagshipsa.com


Statutory Data

Management Company	Flagship Private Asset Management (Pty) Limited
Registration Number	2000/029112/07
Directors	P Floquet (Executive), W Floquet (Chairman), S Hudson (CEO)
Trustee	Standard Bank of South Africa Ltd.
Auditors	Deloitte
Sponsors	-
Advisors	-
Physical Address	1st Floor, ICR House, Alphen Park Main Road Constantia 7800
Postal Address	Private Bag X21 Constantia 7848
Telephone	021-794-3140
Tollfree	-
Fax	021-794-3135
Email	info@flagshipsa.com
Website	http://www.flagshipsa.com

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