General Information
| Fund Type: |
Open-ended |
| Domicile of Fund: |
Malta |
| Launch Date: |
30 April 1997 |
| Launch Price: |
€233 per share |
| Base Currency: |
EUR |
| Manager: |
Valletta Fund Management Ltd., Malta |
| Dealing Days: |
Daily |
| Year End: |
30 September |
| Min. Initial Investment: |
€1,000 (both for Accumulator class and Distributor class) |
| Up Front Charge: |
0.5% |
| Dividends: |
In the Accumulator Shares, there are no dividend payments and income is accumulated within the Fund. In the Income Shares, dividends are distributed every 6 months. |
| Exit Fee: |
NONE |
| Annual Management Fee: |
0.7% |
| Date of AGM: |
February |
Investment Objective
The La Valette Malta Bond Fund seeks to maximise the total level of return for investors, minimising the volatility of the portfolio whilst having regard to attaining a desirable level of liquidity through investment in Maltese debt securities whether listed or unlisted and to a limited extent through investment in other collective investment schemes listed on the Malta Stock Exchange.
Spread of Investments (as at 30 September 2010)
| Malta Government Stocks: |
75.79% |
| Corporate Bonds: |
21.78% |
| Cash: |
2.43% |
Top 3 Holdings (as at 30 September 2010)
| Security: |
% of Total Assets |
| 7.8% MGS 2018: |
8.96 |
| 6.6% MGS 2019: |
8.78 |
| 5.7% MGS 2012 (III): |
8.04 |
