Ceybank Unit Trust : Income and Growth Fund
| Fund Facts at a Glance | |
|---|---|
| Fund Type | Balanced Fund |
| Investment Objective | Income & Growth of Capital |
| Invests in | Equity & Fixed Income Securities |
| Dividends | Paid Annually |
| Risk | Medium |
| 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 | 5% |
| Exit Fee | Nil |
| Minimum initial Investment | Rs 1,000/- |
| Currency | Sri Lanka Rupees (LKR) |
| Start Date | 1st 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.4,700 million as at 31st March 2013 with more than 5,400 unit holders.
Objective
The Fund seeks to provide high total return with both capital appreciation and current income. The funds are invested in equity securities listed in the Colombo Stock Exchange and Sri Lanka Rupee denominated fixed income securities.
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
Dividend history
Fund performance as at 31st March 2013
| Return % | ASI** Movement | |
|---|---|---|
| 03 Months | -2.06% | 2.23% |
| 06 Months | -10.00% | -3.39% |
| 12 Months | -3.48% | 4.87% |
| 24 Months | -29.63% | -20.48% |
| 36 Months | 22.36% | 42.50% |
* Percentage change in the bid price as at 31-March-2013. Adjusted for dividends.
** ASI - Colombo Stock Exchange All Share Index
Top 10 equity investments as at 31st March 2013
| Company |
|---|
| ASIAN HOTELS & PROPERTIES PLC |
| SRI LANKA TELECOM PLC |
| SINGER SRI LANKA PLC |
| LANKA IOC PLC |
| TRANS ASIA HOTELS PLC |
| ROYAL CERAMICS LANKA PLC |
| KAHAWATTE PLANTATIONS PLC |
| WATAWALA PLANTATIONS PLC |
| KELANI VALLEY PLANTATIONS PLC |
| FINLAYS COLOMBO PLC |
* ASI - Colombo Stock Exchange All Share Index
Diversification of the Equity Portfolio March 2013
