| Fund Facts at a Glance | |
|---|---|
| Fund Type | Money Market |
| Investment Objective | Maximize Current Income |
| Invests in | Government & Corporate Debt |
| Dividends | At manager’s discretion |
| Risk | Moderate - Low |
| Taxation | Refer Government Tax policy |
| Trustee | National Savings Bank |
| Custodian | Bank of Ceylon |
| Management Fees | 0.75% p.a. on the Net Asset Value of the Fund |
| Trustee Fees | Charged on the Net Asset Value of the Fund |
| Custodian Fees | 0.025% P.A. on the NAV of the Fund (Subject to a minimum of Rs 15,000/- per month.) |
| Front End Fee | Nil |
| Exit Fee | Nil |
| Minimum initial Investment | Rs 1,000/- |
| Currency | Sri Lanka Rupees (LKR) |
| Start Date | 14th to 30th November 2017 |
| Ceybank High Yield Fund – Annual Report – 31st December 2018 |
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.
The primary investment objective of the Fund is to maximise income by investing in a portfolio of Corporate Debt and Money Market securities.
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.
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.
Taxes payable by the Fund & the Investor will be based on the prevailing Government tax policy
Dividend payable by the Fund is at the discretion of the manager.
| Period | Yield |
|---|---|
| 2022 | 14.70% |
| 2021 | 7.33% |
| 2020 | 9.84% |
| 2019 | 11.81% |
| 2018 | 10.65% |
| * Percentage change in NAV as at end December. | |
| Front End Fee | None |
| Exit Fee | None |
| Management Fee | 0.75% p.a. on the NAV of the Fund |
| Trustee Fees | Charged on the Net Asset Value of the Fund |
| Custodian Fees | 0.025% p.a. on the NAV, subject to minimum of Rs 15,000 per month |
| Financial Year end | 31st December |
| Reporting | Annual and Half yearly |
| Valuation | Daily (Cost plus Accrued Interest) |
| Dividend | At manager’s discretion |
| Trustee | National Savings Bank |
| Custodian | Bank of Ceylon |