Marriott Fund Research Tool


Technical Details

Formation Date (B1)	24 Dec 2004
Fund Size (ZAR)	743 342 388
Domicile	South Africa
Reporting Currency	ZAR
JSE Code (B1)	SIPB
ISIN (B1)	ZAE000060620
Pricing	Daily
Number of unitholders	2748
ASISA Category	Gbl-Real Estate-General
Benchmark	FTSE EPRA/NAREIT Developed Rental Index Net Total Return
Income Distributions	30/06,31/12
Income Payment	31/07,01/12
Trustee	Standard Chartered Bank, Absa Bank Limited
Management Company	STANLIB Collective Investments (RF) (Pty) Ltd.
Fund Management	STANLIB Asset Management
Minimum Investment	R5 000
Minimum Top-Up	-
Minimum Monthly	R500
Risk Rating	High


Technical Details

Formation Date (B1)	24 Dec 2004
Fund Size (ZAR)	743 342 388
Domicile	South Africa
Reporting Currency	ZAR
JSE Code (B1)	SIPB
ISIN (B1)	ZAE000060620
Pricing	Daily
Number of unitholders	2748
ASISA Category	Gbl-Real Estate-General
Benchmark	FTSE EPRA/NAREIT Developed Rental Index Net Total Return
Income Distributions	30/06,31/12
Income Payment	31/07,01/12
Trustee	Standard Chartered Bank, Absa Bank Limited
Management Company	STANLIB Collective Investments (RF) (Pty) Ltd.
Fund Management	STANLIB Asset Management
Minimum Investment	R5 000
Minimum Top-Up	-
Minimum Monthly	R500
Risk Rating	High

Fund Objective

The investment objective of the STANLIB Global Property Feeder Fund is to maximise long term
total return, both capital and income growth. Apart from assets in liquid form, it will consist solely of
participatory interests in a single portfolio of a collective investment scheme operated in territories
with a regulatory environment which is to the satisfaction of the manager and trustee of a sufficient
standard to provide investor protection at least equivalent to that in South Africa, namely the
STANLIB Global Property Fund.

Fund Objective

The investment objective of the STANLIB Global Property Feeder Fund is to maximise long term
total return, both capital and income growth. Apart from assets in liquid form, it will consist solely of
participatory interests in a single portfolio of a collective investment scheme operated in territories
with a regulatory environment which is to the satisfaction of the manager and trustee of a sufficient
standard to provide investor protection at least equivalent to that in South Africa, namely the
STANLIB Global Property Fund.


Management

STANLIB Asset Management -The fund is managed by Richard Middleton. -It is managed similarly to the Stanlib Growth Fund which Richard has been the portfolio manager of since the last quarter of 2002. -The fund has a growth style and philosophy. He invests in companies that are growing their earnings faster than the market over the following 2 years. Valuation plays a key, but companies first have to demonstrate a strong earnings profile before being considered. -Earnings, valuation and company management are key inputs into the process. -He is not benchmark aware and weightings in companies are fairly evenly spread across the portfolio. -The manager has a very active style and trades to reduce opportunity costs in the fund.


Management

STANLIB Asset Management -The fund is managed by Richard Middleton. -It is managed similarly to the Stanlib Growth Fund which Richard has been the portfolio manager of since the last quarter of 2002. -The fund has a growth style and philosophy. He invests in companies that are growing their earnings faster than the market over the following 2 years. Valuation plays a key, but companies first have to demonstrate a strong earnings profile before being considered. -Earnings, valuation and company management are key inputs into the process. -He is not benchmark aware and weightings in companies are fairly evenly spread across the portfolio. -The manager has a very active style and trades to reduce opportunity costs in the fund.


Fees and Costs - Class B1

Initial Fee	0.00%
Advisor Initial Fee	n/a
Annual Management Fee	0.69%
Performance Fee	-
Advisor Annual Fee	n/a
Trailer Fee	-
Exit Fee	-
TER (31/12)	1.44%
TER Performance Fee	0.00%
Transaction Costs Ratio	0.31%
Total TER	1.75%


Fees and Costs - Class B1

Initial Fee	0.00%
Advisor Initial Fee	n/a
Annual Management Fee	0.69%
Performance Fee	-
Advisor Annual Fee	n/a
Trailer Fee	-
Exit Fee	-
TER (31/12)	1.44%
TER Performance Fee	0.00%
Transaction Costs Ratio	0.31%
Total TER	1.75%


Statutory Data

Management Company	STANLIB Collective Investments (RF) (Pty) Ltd.
Registration Number	1969/003468/07
Directors	N Criticos, D T V Msibi, D C Munro, J M Parrat (Secretary), T Skweyiya, J H Sutcliffe (British citizen), H Walker (British citizen)
Trustee	Standard Chartered Bank, Absa Bank Limited
Auditors	PricewaterhouseCoopers
Sponsors	-
Advisors	STANLIB Asset Management (Pty) Ltd.
Physical Address	17 Melrose Boulevard Melrose Arch Melrose 2196
Postal Address	PO Box 202 Melrose Arch 2076
Telephone	011-448-6000
Tollfree	0860-123-003
Fax	0867-277-501
Email	StanlibFinancialReporting@stanlib.com
Website	http://www.stanlib.com


Statutory Data

Management Company	STANLIB Collective Investments (RF) (Pty) Ltd.
Registration Number	1969/003468/07
Directors	N Criticos, D T V Msibi, D C Munro, J M Parrat (Secretary), T Skweyiya, J H Sutcliffe (British citizen), H Walker (British citizen)
Trustee	Standard Chartered Bank, Absa Bank Limited
Auditors	PricewaterhouseCoopers
Sponsors	-
Advisors	STANLIB Asset Management (Pty) Ltd.
Physical Address	17 Melrose Boulevard Melrose Arch Melrose 2196
Postal Address	PO Box 202 Melrose Arch 2076
Telephone	011-448-6000
Tollfree	0860-123-003
Fax	0867-277-501
Email	StanlibFinancialReporting@stanlib.com
Website	http://www.stanlib.com

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