Ceybank Unit Trust : Income and Growth Fund
Fund Facts at a Glance
Fund Type |
BalancedFund |
Trustee |
National Savings Bank |
Management Fees |
1.65% |
Trustee & Custodian Fees |
0.335% |
Front Load |
5% |
Exit Fee |
Nil |
Minimum Investment |
Rs 1,000/- |
Currency |
Sri Lanka Rupees |
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.6,900 million as at 31st March 2011 with more than 4300 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 & cash equivalents.
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 tax-exempt
- Dividends - Dividend paid to unit holders are tax free in the hands of unit holders.
- Withholding Tax - None
Dividend history
| Declaration Date | Dividend Per Unit |
| 31-Mar-1993 | 80 Cents |
| 31-Mar-1994 | Rs.2.00 |
| 31-Mar-1995 | Rs.1.00 |
| 31-Mar-1996 | 50 Cents |
| 31-Mar-1997 | 40 Cents |
| 31-Mar-1998 | 45 Cents |
| 31-Mar-2000 | 50 Cents |
| 31-Mar-2001 | 35 Cents |
| 31-Mar-2002 | 40 Cents |
| 31-Mar-2003 | 50 Cents |
| 15-Jun-2004 | 75 cents |
| 31-Mar-2005 | Rs.1.00 |
| 31-Mar-2006 | Rs.1.00 |
| 31-Mar-2007 | Rs.1.25 |
| 31-Mar-2008 | Rs.1.00 |
| 31-Mar-2009 | 50 Cents |
| 31-Mar-2010 | Rs.1.00 |
| 31-Mar-2011 | Rs.2.00 |
| Cumulative Dividend | Rs. 15.40 |
*as at 31-March-2011
Fund performance as at 31st March 2011
| Return % | ASI** Movement |
|
| 03 Months | 5.28% | 8.89% |
| 06 Months | 3.11% | 3.27% |
| 12 Months | 71.43% | 94.01% |
| 24 Months | 276.87% | 341.14% |
| 36 Months | 183.50% | 183.33% |
* Percentage change in the bid price as at 31-March-2011. Adjusted for dividends.
** ASI - Colombo Stock Exchange All Share Index
Top 10 equity investments as at 31st March 2011
| Company | Portfolio Weight | ASI* Weight |
AITKEN SPENCE HOTEL HOLDINGS PLC |
14.57% | 1.32% |
ASIAN HOTELS & PROPERTIES PLC |
13.13% | 1.69% |
SRI LANKA TELECOM PLC |
9.50% | 4.29% |
AMAYA LEISURE PLC |
7.39% | 0.24% |
TRANS ASIA HOTELS PLC |
6.82% | 0.80% |
WATAWALA PLANTATIONS PLC |
6.82% | 0.24% |
KELANI VALLEY PLANTATIONS PLC |
5.13% | 0.26% |
LANKA IOC PLC |
4.78% | 0.38% |
ROYAL CERAMICS LANKA PLC |
4.32% | 0.71% |
SINGER SRI LANKA PLC |
3.51% | 0.57% |
* ASI - Colombo Stock Exchange All Share Index
The performance quoted is past performance and is not a guarantee of future results. Unit Trust Funds are subject to certain market risk. Investment returns and principal value of an investment will fluctuate so that an investor's Units, when redeemed, may be worth more or less than original cost. Current performance may be higher or lower than the performance data shown.
