Ceybank Surakum Fund : Gilt Edge Fund
| Fund Facts at a Glance | |
|---|---|
| Fund Type | Gilt Edge Fund |
| Investment Objective | Capital Preservation & Income |
| Invests in | Govt. & Govt Guaranteed Securities |
| Dividends | At managers discretion |
| Risk | Low |
| Taxation | Refer Government Tax policy |
| Trustee | National Savings Bank |
| Custodian | Bank of Ceylon |
| Management Fees | 0.50% P.A. |
| Trustee Fees | 0.15% P.A. |
| Custodian Fees | 0.05% p.a. on the NAV, subject to a minimum of Rs 15,000 p.m. |
| Front End Fee | Nil |
| Exit Fee | Nil |
| Minimum initial Investment | Rs 1,000/- |
| Currency | Sri Lanka Rupees (LKR) |
| Start Date | 28th 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 maximise the income by investing in gilt-edged securities.
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
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.
Dividend history
CSUF Fund Performance based on NAV
| Period | Yield |
|---|---|
| 2020 | 4.77% |
| 2019 | 8.61% |
| 2018 | 5.74% |
| 2017 | 8.52% | 2016 | 7.94%/ | 2015 | 7.23% |
| 2014 | 7.63% |
| 2013 | 10.03% |
| 2012 | 9.86% |
| 2011 | 6.66% |
* Percentage change in NAV as at end December. Adjusted for dividends.
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 | 0.05% p.a. on the NAV, subject to a minimum of Rs 15,000 p.m. |
Other Information
| Financial Year end | 31st December |
| Reporting | Annual and Half yearly |
| Valuation | Daily (MTM) |
| Dividend | At manager’s discretion |
| Trustee | National Savings Bank |
| Custodian | Bank of Ceylon |