CEYBANK Gilt Edge Fund (A Series): : Gilt Edge Fund

Fund Facts at a Glance
   
Fund TypeGilt Edge Fund
Investment ObjectiveCapital Preservation & Income
Invests inGovernment Securities
DividendsAt managers discretion
RiskLow
TaxationRefer Government Tax policy
TrusteeNational Savings Bank
CustodianBank of Ceylon
Management Fees0.50% P.A.
Trustee Fees0.15% P.A.
Custodian Fees0.05% p.a. on the NAV, subject to a minimum of Rs 15,000 p.m.
Front End FeeNil
Exit FeeNil
Minimum initial Investment Rs 1,000/-
CurrencySri Lanka Rupees (LKR)
Start Date 26th January 2016

Introduction

CeybankGilt Edge Fund (A Series) is an Open Ended Gilt-Edged Income Fund which invests mainly in a portfolio of Government Securities such as Treasury Bills, Treasury Bonds and Repurchase Agreements.

Objective

The primary investment objective of the Fund is to maximise the income by investing in gilt-edged securities.

Style

The Fund will invest in Instruments such as Government Securities (Treasury Bills and Treasury Bonds), and Repurchase Agreements of varied maturities based on Interest rate expectations.

Risk factors

Investors should be aware that the price of Units of this Fund and the dividend paid by the Fund can go down as well as up according to the interest rate fluctuations in the market. Investments in Units differ from Bank deposits and there is no guarantee of any fixed returns.

The Fund's investments are subject to normal market risks and the ability to achieve the investment objectives will depend to a great extent on the monetary policy of the Central Bank of Sri Lanka, overall performance of the economy, and the contributory environmental factors. The Fund is also subject to various degrees of regulatory, fiscal, liquidity, inflation, interest rate and re-investment risks.

Since the investments are denominated in the local currency, the investors in other currencies would have to bear the currency risk as well.

Taxation

Taxes payable by the Fund & the Investor will be based on the prevailing Government tax policy

Dividend

Dividend payable by the Fund is at the discretion of the manager.

Performance  of Ceybank Gilt Edge Fund (A Series) based on NAV

Period Yield
2020 5.62%
2019 9.16%
2018 7.95%
2017 12.10%

* Percentage change in NAV as at end December.

Fees and Charges

Front End Fee None
Exit Fee None
Management Fee 0.50% p.a. on the NAV of the Fund
Trustee Fees 0.15% p.a. on the NAV of the Fund
Custodian Fees 0.05% p.a. on the NAV, subject to a minimum of Rs 15,000 p.m.

Other Information

Financial Year end 31st December
Reporting Annual and Half yearly
Valuation Daily (Cost plus Accrued Interest)
Dividend At manager’s discretion
Trustee National Savings Bank
Custodian Bank of Ceylon