Ceybank Century Growth Fund : Equity Fund

(Bloomberg: CEYCEGW:SL)
Fund Facts at a Glance
Fund Type Growth – Open Ended
Investment Objective Growth of Capital
Invests in Equity Securities
Dividends Paid Annually
Risk Moderately High
Taxation Income Free of Tax
Trustee National Savings Bank
Custodian Bank of Ceylon
Management Fees 1.650% P.A
Trustee Fees 0.250% P.A
Custodian Fees 0.085% P.A
Front End Fee 3%
Exit Fee Nil
Minimum initial Investment Rs 5,000/-
Currency Sri Lanka Rupees (LKR)
Start date 22nd 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 more than 1,800 unit holders, 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 Price Index (ASPI) since launch

TOP TEN EQUITY HOLDINGS (Alphabetical Order) - CENTURY GROWTH FUND

Company
KELANI TYRES PLC
ASIAN HOTELS & PROPERTIES PLC
SINGER SRI LANKA PLC
SAMPATH BANK PLC
JOHN KEELLS HOLDINGS PLC
TOKYO CEMENT COMPANY (LANKA) PLC
LANKA IOC PLC
THE LANKA HOSPITAL CORPORATION PLC
DIALOG AXIATA PLC
TRANS ASIA HOTELS PLC

DIVERSIFICATION OF THE EQUITY PORTFOLIO


CCGF Fund Performance as at 31-10- 2017 based on NAV

Simple Rate    
Period CCGF ASPI
YTD 5.7% 6.2%
FY 16/17 YTD 8.1% 9.2%
1 Year 2.2% 3.2%
2 Years -1.3% -6.0%
3 Years -1.8% -9.7%
4 Years 32.4% 11.1%
5 Years 37.3% 20.0%
10 Years 320.2% 153%

*Percentage change in NAV as at 31 st October 2017. Adjusted for dividends..
** ASPI - Colombo Stock Exchange All Share Price Index