Marriott International Real Estate Fund

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Marriott International Real Estate Fund

Marriott International Real Estate Fund

Marriott International Funds Plc.
	Marriott International Real Estate Fund
		News
		Regional Portfolio Structure(Semi-Annual Comparison)

Price

Ranking

Sector:	Global-Real Estate-General
Size:	(USD) 20 150 407

Sector Rank:	4 out of 5
(lump sum over 3 years to 31 Jan 2012)

Overall Rank:	34 out of 161
(lump sum over 3 years to 31 Jan 2012)

R20000 invested on 31 Jan 2009 was worth R25 503 at 31 Jan 2012
(8.44% annual compound return)

R5000 per month since 31 Jan 2009 was worth R219 569 at 31 Jan 2012
(12.57% annual return compounded monthly)

Please note that offshore fund performance figures are calculated from NAV prices (ie, equivalent to sell-to-sell) and therefore not directly comparable to domestic fund performance figures on this site.

Management
Marriott International
This fund is managed in conjunction with Marriott International based on the Isle of Man. All asset management decisions are made together with the Marriott Investment Committee using an income-focused approach to investing.

Focus and Objective
Marriott International Real Estate Fund objective is to provide a high and growing income stream from a portfolio of internationally listed real estate securities as well as long-term capital growth. The investment universe for this fund is listed real estate securities on international stock markets.

Technical Overview
Benchmark:	J P Morgan Global Bond index
Administration fee:	0.09% of the net assets of the fund subject to an annual minimum of stg ú20 000. Stg ú10 pa for each shareholder is charged as well as transaction charges of stg ú15 for each share issue (excluding dividend reinvestment).	Management fee (p.a.):	1.00%
Allows debit orders?	No	Min debit order:
Base currency:	USD	Minimum lump sum:	$2 000
Can divs be reinvested?	Yes	Minimum monthly:	$500
Custodian fee:	0.1% per annum of the funds net asset value with a monthly minimum of stg ú850. The custodian is also entitled to a transaction fee of stg ú50 per transaction.	Number of holdings:	33
Domicile:	Dublin	Number of unitholders:	487
Exit fee?	No	Original price:	USD 1.00
Formation date:	15 Feb 2001	Performance fee?	No

Top holdings on 31 Mar 2006

Share (Sector)	Value (USD)	% of fund
RODAMCOEURO (Financial Services)	775 572	6.00%
SIMONPROP (Foreign Property)	659 236	5.10%
WESTFIELD (Foreign Property)	633 384	4.90%
WEINGARTENR (Foreign Property)	568 753	4.40%
HR&RESTATE (Foreign Property)	568 753	4.40%
UNIBAIL-RODAM (Foreign Property)	555 826	4.30%
LIBERTYPROP (Foreign Property)	555 826	4.30%
EUROCOMMERCP (Foreign Property)	555 826	4.30%
WERELHAVE (Foreign Property)	542 900	4.20%
TOTALS	5 416 076	41.90%