Ceybank Century Growth Fund : Equity Fund

(Bloomberg: CEYCEGW:SL)
Fund Facts at a Glance
Fund TypeGrowth – Open Ended
Investment ObjectiveGrowth of Capital
Invests inEquity Securities
DividendsPaid Annually
RiskModerately High
TaxationIncome Free of Tax
Trustee National Savings Bank
CustodianBank of Ceylon
Management Fees 1.650% P.A
Trustee Fees 0.250% P.A
Custodian Fees 0.085% P.A
Front End Fee3%
Exit FeeNil
Minimum initial InvestmentRs 5,000/-
CurrencySri Lanka Rupees (LKR)
Start date22nd January 1997

Introduction

Ceybank Century Growth Fund is the first equity Fund launched under Growth Fund category in Sri Lanka and the second Fund floated by Ceybank AML. Ceybank Century Growth Fund has become the largest unit trust in the Growth Fund category in Sri Lanka with net assets over Rs. 1,210 million as at October 2014, in line with sister Fund's leading position in the Income and Growth Fund category.

Objective

To achieve long term capital appreciation by investing in a diversified portfolio predominantly with equity securities listed on Colombo Stock Exchange with strong growth potential

Style

The Fund Manager adopts an active portfolio strategy which places particular emphasis upon large capitalized companies that are positioned for long term growth. The Fund strives to diversify the equity investments across economic sectors and individual securities in order to reduce the risk of high exposure to a specific sector or stock.

Risk factors

Investing in Sri Lankan equity include risks normally associated with investing in shares as well as political and economic uncertainties unique to Sri Lanka. Accordingly the unit prices can fluctuate according to the value of underlying investments. Since the investments are denominated in Sri Lanka Rupees, the investors of other currencies will have to bear the risk of currency fluctuations.

Taxation

  • Capital Gains - Capital gains are exempted from taxes
  • Dividends - Dividend paid to unit holders are tax free in the hands of unit holders.
  • Withholding Tax - None

Performance of CCGF VS All Share Index (ASI) since launch

Dividend history

CCGF Fund Performance as at 31-10-2014 based on NAV

Simple Returns
CCGF ASI
YTD 33.3% 23.9%
12 Months 34.9% 23.0%
24 Months 39.7% 32.9%
36 Months 35.1% 15.9%
48 Months 15.1% 9.7%
60 Months 170.4% 146.1%
120 Months 471.4% 377.5%

* Percentage change in NAV as at 31st October 2014. Adjusted for dividends.
** ASI - Colombo Stock Exchange All Share Index

TOP TEN EQUITY HOLDINGS- CENTURY GROWTH FUND As at 30-06-2014

Company
AITKEN SPENCE HOTEL HOLDINGS PLC
ASIAN HOTELS & PROPERTIES PLC
DIALOG AXIATA PLC
HATTON NATIONAL BANK PLC-NON VOTING
JOHN KEELLS HOLDINGS PLC
LANKA IOC PLC
ROYAL CERAMICS LANKA PLC
SINGER SRI LANKA PLC
SRI LANKA TELECOM PLC
TRANS ASIA HOTELS PLC

* ASI - Colombo Stock Exchange All Share Index
** MPI - Colombo Stock Exchange Milanka Price Index

DIVERSIFICATION OF THE EQUITY PORTFOLIO AS AT 30-06-2014


Fee Structure  
Front Load 3.00%
Management Fee (p.a.) 1.65%
Trustee & custodian Fee (p.a.) 0.335%
Exit Load Nil
   
Other Information  
Trustees National Savings Bank
Custodian Bank of Ceylon
Currency Sri Lankan Rupees (LKR)
Minimum Initial Investment LKR 5000
Minimum Additional Investment LKR 1000