Ceybank Surakum Fund : Gilt Edge Fund

Fund Facts at a Glance
   
Fund TypeGilt Edge Fund
Investment ObjectiveCapital Preservation & Income
Invests inGovt. & Govt Guaranteed Securities
DividendsPaid Semi Annually
RiskLow
TaxationIncome Free of Tax
TrusteeNational Savings Bank
CustodianBank of Ceylon
Management Fees0.50% P.A.
Trustee Fees0.15% P.A.
Custodian FeesRs 7,000 p.m
Front End FeeNil
Exit FeeNil
Minimum initial InvestmentRs 10,000/-
CurrencySri Lanka Rupees (LKR)
Start Date28th November 2010
Ceybank Surakum Fund - Interim report - 30 June 2013

Introduction

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.

Objective

The primary investment objective of the Fund is to protect capital and provide a regular stream of income through bi-annual dividends.

Style

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.

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

  • Capital gains form sale of units are Exempted from taxes
  • Dividends - Dividend paid to unit holders are tax free in the hands of unit holders.
  • Withholding Tax - None

Dividend history

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

Period Annualized Rate Simple Rate
1 Month 7.9% 0.6%
3 Months 8.2% 2.0%
6 Months 8.5% 4.2%
12 Months 8.5%/ 8.5%
3 Years 7.7% 25.0%
5 Years 8.4% 49.4%

* Percentage change in NAV as at 31 st October 2017. Adjusted for dividends.

Fund Performance as at October 2017

Simple Rate

Fund Name Inception FY17/18 YTD 1y 2y 3y 4y 5y 10y
Ceybank Century Growth Fund Dec 1996 8.1% 2.2% -1.3% -1.8% 32.4% 37.3% 320%
Ceybank Unit Trust Fund Mar 1992 0.6% -6.6% -13.0% -16.6% 7.7% 9.5% 180%

Annualized Rate

Fund Name Inception 1m 3m 1y 3y 5y
Ceybank Savings Plus Money Market Fund June 2009 11.8% 2.4% 11.6% 9.0% 9.6%
Ceybank Surakum Fund Dec 2010 7.9% 8.2% 8.5% 7.7% 8.4%

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 Rs.7000 per Month
Income Tax 10% of Profits

Other Information

Financial Year end 31st December
Reporting Annual and Half yearly
Valuation Daily (MTM)
Dividend Paid Semi Annual
Trustee National Savings Bank
Custodian Bank of Ceylon