Ceybank Unit Trust : Income and Growth Fund

(Bloomberg: CEYBKUT: SL)
Fund Facts at a Glance
Fund Type Balanced Fund
Investment ObjectiveIncome & Growth of Capital
Invests inEquity & Fixed Income Securities
DividendsPaid Annually
RiskModerate
TaxationIncome Free of Tax
TrusteeNational 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 Fee5%
Exit FeeNil
Minimum initial InvestmentRs 1,000/-
CurrencySri Lanka Rupees (LKR)
Start Date1st March 1992

Introduction

Ceybank Unit Trust – Income and Growth Fund is the first Fund floated by CAML, in 1992. Ceybank Unit Trust has grown to become the largest unit trust fund in the country with net assets over Rs.6,402 million as at September 2014 with more than 5,500 unit holders.

Objective

To achieve long term capital appreciation while enhancing income by investing in a diversified portfolio with mix of listed equity securities with strong growth potential and in Government and Corporate debt.

Style

The Fund Manager adopts an active portfolio strategy which places particular emphasis upon selecting under-valued equity and attractive fixed income securities. The Fund strives to diversify the equity investments across economic sectors and individual securities and fixed income investments between gilt-edged and corporate debt. Typically the Fund invests 60% to 80% of the assets in equity and remainder in fixed income securities including cash equivalents.

Risk factors

Investing in Sri Lankan financial assets include the risk normally associated with investing in shares as well as country risk synonymous to Sri Lanka. Accordingly the unit prices can fluctuate according to the value of the underlying investments. Since the investments are denominated in the local currency, the investors in other currencies would have to bear the currency risk as well.

Special Features

  • Suitable for investors who seek income & capital growth
  • Regular dividend payments
  • Less volatility than investing in one or few shares.
  • Minimum investment is Rs 1,000/=
  • Units can be redeemed at any time at the prevailing market price
  • No Exit Fee

Taxation

  • Capital Gains Tax - 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 CUT VS All Share Index (ASI) since launch

Dividend history

CUT Fund Performance as at 30-09-2014 based on NAVs

Simple Returns
CUT ASI
YTD 30.9% 22.7%
12 Months 32.1% 25.0%
24 Months 23.0% 21.4%
36 Months 9.3% 6.9%
48 Months -5.6% 3.6%
60 Months 116.5% 146.8%
120 Months 355.0% 399.9%

* Percentage change in NAV as at 30th September 2014. Adjusted for dividends.
** ASI - Colombo Stock Exchange All Share Index


TOP TEN EQUITY HOLDINGS- CEYBANK UNIT TRUST FUND As at 30-06-2014

Company
ASIAN HOTELS & PROPERTIES PLC
COLOMBO LAND & DEVELOPMENT COMPANY PLC
KELANI TYRES PLC
KAHAWATTE PLANTATIONS PLC
LANKA IOC PLC
ROYAL CERAMICS LANKA PLC
SINGER SRI LANKA PLC
SRI LANKA TELECOM PLC
TRANS ASIA HOTELS PLC
WATAWALA PLANTATIONS PLC

* ASI - Colombo Stock Exchange All Share Index

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

Fee Structure  
Front Load 5.00%
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 1000
Minimum Additional Investment LKR 1000