Marriott Fund Research Tool


Technical Details

Formation Date (A1)	1 Jun 2017
Fund Size (ZAR)	96 846 651
Domicile	South Africa
Reporting Currency	ZAR
JSE Code (A1)	MPFA1
ISIN (A1)	ZAE000245122
Pricing	Daily
Number of unitholders	15
ASISA Category	SA-Real Estate-General
Benchmark	FTSE/JSE SA Listed Property Index (SAPY) J253T
Income Distributions	31/03
Income Payment	-
Trustee	Nedbank Investor Services
Management Company	27four Collective Investments (RF) (Pty) Ltd.
Fund Management	Musi Skosana
Minimum Investment	R2 000
Minimum Top-Up	-
Minimum Monthly	R300
Risk Rating	High


Technical Details

Formation Date (A1)	1 Jun 2017
Fund Size (ZAR)	96 846 651
Domicile	South Africa
Reporting Currency	ZAR
JSE Code (A1)	MPFA1
ISIN (A1)	ZAE000245122
Pricing	Daily
Number of unitholders	15
ASISA Category	SA-Real Estate-General
Benchmark	FTSE/JSE SA Listed Property Index (SAPY) J253T
Income Distributions	31/03
Income Payment	-
Trustee	Nedbank Investor Services
Management Company	27four Collective Investments (RF) (Pty) Ltd.
Fund Management	Musi Skosana
Minimum Investment	R2 000
Minimum Top-Up	-
Minimum Monthly	R300
Risk Rating	High

Fund Objective

The fund is a domestic active specialist fund that invests in quality listed property equities on the JSE where the portfolios objective is to acquire the equities at fair market value.

Suitable for investors with medium to long term investment horizon aiming to achieve above-benchmark total return by capitalizing on the change within the listed property sector, both locally and offshore. The funds primary objective is to grow the everchanging income stream, through measured acquisitions, that can translate into capital growth thereby attaining maximum total return.

Fund Objective

The fund is a domestic active specialist fund that invests in quality listed property equities on the JSE where the portfolios objective is to acquire the equities at fair market value.

Suitable for investors with medium to long term investment horizon aiming to achieve above-benchmark total return by capitalizing on the change within the listed property sector, both locally and offshore. The funds primary objective is to grow the everchanging income stream, through measured acquisitions, that can translate into capital growth thereby attaining maximum total return.


Management

Musi Skosana (BSc (Hons); MSc (Sci); PDM; Cert (Property Studies)) Musi joined Investec Bank in 2006 where he worked in advisory services regarding various debt structures and acquisition strategy, specializing in BEE deals, leverage buyouts and property transactions. He subsequently moved into the wealth management space, becoming an advisory stockbroker and portfolio manager concentrating on general equities, and specializing in the listed property sector. He managed listed property mandates on a discretionary basis, building a book in excess of R2.5bn of assets before leaving and founding MSM Property Fund. He is the fund manager.


Management

Musi Skosana (BSc (Hons); MSc (Sci); PDM; Cert (Property Studies)) Musi joined Investec Bank in 2006 where he worked in advisory services regarding various debt structures and acquisition strategy, specializing in BEE deals, leverage buyouts and property transactions. He subsequently moved into the wealth management space, becoming an advisory stockbroker and portfolio manager concentrating on general equities, and specializing in the listed property sector. He managed listed property mandates on a discretionary basis, building a book in excess of R2.5bn of assets before leaving and founding MSM Property Fund. He is the fund manager.


Fees and Costs - Class A1

Initial Fee	0.00%
Advisor Initial Fee	n/a
Annual Management Fee	1.15%
Performance Fee	20% on outperformance of benchmark
Advisor Annual Fee	n/a
Trailer Fee	-
Exit Fee	-
TER (30/09)	1.29%
TER Performance Fee	0.00%
Transaction Costs Ratio	0.76%
Total TER	2.05%


Fees and Costs - Class A1

Initial Fee	0.00%
Advisor Initial Fee	n/a
Annual Management Fee	1.15%
Performance Fee	20% on outperformance of benchmark
Advisor Annual Fee	n/a
Trailer Fee	-
Exit Fee	-
TER (30/09)	1.29%
TER Performance Fee	0.00%
Transaction Costs Ratio	0.76%
Total TER	2.05%


Statutory Data

Management Company	27four Collective Investments (RF) (Pty) Ltd.
Registration Number	2015/291620/07
Directors	Eldria Fraser (Non-Executive), Craig Mockford (Non-Executive), Goolam Modack (Non-Executive), Goodwill Nhlanhla (Non-Executive), Keabetswe Ntuli (CEO (Executive)), Fatima Vawda (Non-Executive)
Trustee	Nedbank Investor Services
Auditors	KPMG Inc
Sponsors	-
Advisors	-
Physical Address	1st Floor, 54 on Bath Hotel 54 Bath Ave, Rosebank Johannesburg 2196
Postal Address	1st Floor, 54 on Bath Hotel 54 Bath Road, Rosebank Johannesburg 2196
Telephone	+27-11-880-4710
Tollfree	-
Fax	+27-11-442-2465
Email	info@africaci.com
Website	http://www.africaci.com


Statutory Data

Management Company	27four Collective Investments (RF) (Pty) Ltd.
Registration Number	2015/291620/07
Directors	Eldria Fraser (Non-Executive), Craig Mockford (Non-Executive), Goolam Modack (Non-Executive), Goodwill Nhlanhla (Non-Executive), Keabetswe Ntuli (CEO (Executive)), Fatima Vawda (Non-Executive)
Trustee	Nedbank Investor Services
Auditors	KPMG Inc
Sponsors	-
Advisors	-
Physical Address	1st Floor, 54 on Bath Hotel 54 Bath Ave, Rosebank Johannesburg 2196
Postal Address	1st Floor, 54 on Bath Hotel 54 Bath Road, Rosebank Johannesburg 2196
Telephone	+27-11-880-4710
Tollfree	-
Fax	+27-11-442-2465
Email	info@africaci.com
Website	http://www.africaci.com

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