| Fund Type: |
Open-ended |
| Domicile of Fund: |
Malta |
| Launch Date: |
5 March 1997 |
| Launch Price: |
€233 per share |
| Base Currency: |
EUR |
| Manager: |
HSBC Fund Management Ltd., Malta |
| Dealing Days: |
Daily |
| Year End: |
31 March |
| Min. Initial Investment: |
None |
| Regular Savings Facility: |
Minimum of €90 per month |
| Min. Addit. Investment: |
NONE |
| Up Front Charge: |
NONE |
| 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 3 months. |
| Exit Fee: |
1% |
| Annual Management Fee: |
0.8% |
| Date of AGM: |
August |
Investment Objective
The Malta Bond Fund aims to achieve capital growth for the investors in the Fund by the maximisation of the return on its assets and by re-investing such income. The objective shall be achieved by investing in securities denominated in Maltese Lira, such as Malta Government Stock, listed or unlisted debt securities, units in collective investment schemes, treasury bills, other money market instruments, other money market instruments and deposits with credit institutions denominated in Maltese Lira. Up to 15% of the total assets of the Fund may comprise assets denominated in assets other than the Maltese Lira. Such assets would mainly consist of interest-bearing securities rated BBB or higher as determined by Standard & Poor’s and/or an equivalent rating as determined by an equivalent rating agent.
Spread of Investments (as at 31 Mar 2010)
| Malta Government Stocks: |
56.81% |
| Treasury Bills: |
4.91% |
| Cash & Accruals: |
4.48% |
| Foreign Government Bonds: |
2.76% |
| Local Corporate Bonds: |
24.68% |
| Foreign Corporate Bonds: |
6.37% |
| Exchange Traded Funds: |
0.00% |
Top 3 Holdings (as at 31 Mar 2010)
| Security: |
% of Total Assets |
| 5.1% MGS 2014: |
10.63 |
| 5.7% MGS 2012 (III): |
10.31 |
| 4.6% MGS 2016 (II): |
6.96 |
