|Fund Facts at a Glance|
|Fund Type||Gilt Edge Fund|
|Investment Objective||Capital Preservation & Income|
|Invests in||Govt. & Govt Guaranteed Securities|
|Dividends||Paid Semi Annually|
|Taxation||Income Free of Tax|
|Trustee||National Savings Bank|
|Custodian||Bank of Ceylon|
|Management Fees||0.50% P.A.|
|Trustee Fees||0.15% P.A.|
|Custodian Fees||Rs 7,000 p.m|
|Front End Fee||Nil|
|Minimum initial Investment||Rs 10,000/-|
|Currency||Sri Lanka Rupees (LKR)|
|Start Date||28th November 2010|
|Ceybank Surakum Fund - Interim report - 30 June 2013|
Ceybank Surakum Fund is an Open Ended Gilt-Edged Income Fund which invests mainly in a portfolio of Government and Government Guaranteed Securities such as Treasury Bills and Treasury Bonds, Government backed Securities and Repurchase Agreements.
The primary investment objective of the Fund is to protect capital and provide a regular stream of income through bi-annual dividends.
The Fund will invest in Instruments such as Government Securities (Treasury Bills and Treasury Bonds), and Government Guaranteed Securities and Repurchase Agreements of varied maturities based on Interest rate expectations.
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.
|Period||Annualized Rate||Simple Rate|
|12 Months||8.4%||8.4%||3 Years||7.6%||24.5%|
* Percentage change in NAV as at 28th February 2017. Adjusted for dividends.
|Fund Name||Inception||FY16/17 YTD||1y||2y||3y||4y||10y|
|Ceybank Century Growth Fund||Dec 1996||8.39%||6.94%||-8.24%||17.93%||27.15%||248.25%|
|Ceybank Unit Trust Fund||Mar 1992||3.06%||4.36%||-14.79%||4.73%||14.16%||146.26%|
|Ceybank Savings Plus Money Market Fund||June 2009||11.1%||10.0%||10.7%||10.1%||8.1%||9.7%|
|Ceybank Surakum Fund||Dec 2010||9.5%||8.0%||8.5%||8.4%||7.6%||8.6%|