Marriott Fund Research Tool


Technical Details

Formation Date (A)	26 Apr 2004
Fund Size (ZAR)	1 553 672 587
Domicile	South Africa
Reporting Currency	ZAR
JSE Code (A)	KEAF
ISIN (A)	ZAE000150835
Pricing	Daily
Number of unitholders	193
ASISA Category	SA-Equity-General
Benchmark	South African -- Equity -- General funds mean
Income Distributions	30/06,31/12
Income Payment	01/07,01/01
Trustee	Standard Bank
Management Company	Camissa Asset Management (Pty) Ltd.
Fund Management	Gavin Wood
Minimum Investment	R5 000
Minimum Top-Up	-
Minimum Monthly	R500
Risk Rating	Medium-High


Technical Details

Formation Date (A)	26 Apr 2004
Fund Size (ZAR)	1 553 672 587
Domicile	South Africa
Reporting Currency	ZAR
JSE Code (A)	KEAF
ISIN (A)	ZAE000150835
Pricing	Daily
Number of unitholders	193
ASISA Category	SA-Equity-General
Benchmark	South African -- Equity -- General funds mean
Income Distributions	30/06,31/12
Income Payment	01/07,01/01
Trustee	Standard Bank
Management Company	Camissa Asset Management (Pty) Ltd.
Fund Management	Gavin Wood
Minimum Investment	R5 000
Minimum Top-Up	-
Minimum Monthly	R500
Risk Rating	Medium-High

Fund Objective

This fund is suitable for investors seeking exposure to domestic and global equity markets and able to withstand short-term market fluctuations in pursuit of high capital growth over the long term.

To achieve these objectives, the fund will employ a valuation-based, somewhat contrarian philosophy. Stock picking is based on using a bottom-up, fundamental valuation process. The fund will generally be fully invested in a diversified portfolio of South African and global equity securities.

Fund Objective

This fund is suitable for investors seeking exposure to domestic and global equity markets and able to withstand short-term market fluctuations in pursuit of high capital growth over the long term.

To achieve these objectives, the fund will employ a valuation-based, somewhat contrarian philosophy. Stock picking is based on using a bottom-up, fundamental valuation process. The fund will generally be fully invested in a diversified portfolio of South African and global equity securities.


Management

Gavin Wood (BBusSc, FFA, CFA, CIO (Executive)) Gavin was a founder of Camissa Asset Management in 2001 and is chief investment officer, heading up the investment team since inception. He also serves as an executive director. Previously he was an investment analyst with Coronation Fund Managers. He has many years of investment experience and holds a BBusSc degree from the University of Cape Town, he qualified as an Actuary (FFA) and is a CFA charter holder.


Management

Gavin Wood (BBusSc, FFA, CFA, CIO (Executive)) Gavin was a founder of Camissa Asset Management in 2001 and is chief investment officer, heading up the investment team since inception. He also serves as an executive director. Previously he was an investment analyst with Coronation Fund Managers. He has many years of investment experience and holds a BBusSc degree from the University of Cape Town, he qualified as an Actuary (FFA) and is a CFA charter holder.

Fees and Costs - Class A

Initial Fee

0.00%

Advisor Initial Fee

n/a

Annual Management Fee

1.44%

Performance Fee

10% of funds outperformance of benchmark over rolling 12 month periods. Total fee (management fee plus performance fee) to be capped at 2% p.a.

Advisor Annual Fee

n/a

Trailer Fee

-

Exit Fee

-

TER (31/12)

1.57%

TER Performance Fee

0.10%

Transaction Costs Ratio

0.29%

Total TER

1.86%