Ceybank High Yield Found : MOney Market Fund

Fund Facts at a Glance
   
Fund TypeMoney Market
Investment ObjectiveMaximize Current Income
Invests inGovernment & Corporate Debt
DividendsAt manager’s discretion
RiskModerate - Low
TaxationRefer Government Tax policy
TrusteeNational Savings Bank
CustodianBank of Ceylon
Management Fees0.15% p.a. on the NAV of the Fund
Trustee Fees0.15% p.a. on the NAV of the Fund
Custodian Fees0.025% p.a. on the NAV, subject to a minimum of Rs 15,000 p.m.
Front End FeeNil
Exit FeeNil
Minimum initial InvestmentRs 1,000/-
CurrencySri Lanka Rupees (LKR)
Start Date14th November 2017
Ceybank Surakum Fund - Interim report - 30 June 2013

Introduction

Ceybank High Yield Fund is a Money Market Fund managed by Ceybank AML, providing investment opportunities for investors, in the Corporate Debt and Money Market. The Fund is an Open Ended Unit Trust, to facilitate the general public to reap the benefits of the Money Market in Sri Lanka. An Ideal tool for cash Management.

Objective

The primary investment objective of the Fund is to maximise income by investing in a portfolio of Corporate Debt and Money Market securities.

Style

The Fund will invest in Corporate Debt with maturities less than one year, such as Commercial Papers, Asset Backed Securities, Debentures, Bank Deposits and other Money Market Securities, subject to the investment restrictions set out in Section 1.7.

The Fund will not make investments in listed or unlisted equity securities.

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.

ast Performance of Ceybank High Yield Fund based on Unit prices

Annualized Rate

Date (As at) Yield
31-03-2019 14.26%
28-02-2019 14.05%
31-01-2019 11.64%
31-12-2018 12.49%
30-11-2018 10.77%
31-10-2018 11.61%
30-09-2018 11.72%
31-08-2018 11.45%
31-07-2018 11.55%

Fees and Charges

Front End Fee None
Exit Fee None
Management Fee 0.75% p.a. on the NAV of the Fund
Trustee Fees 0.15% p.a. on the NAV of the Fund
Custodian Fees 0.025% p.a. on the NAV, subject to minimum of Rs 15,000 per month

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