General Information
| Fund Type: |
Open-ended |
| Domicile of Fund: |
Malta |
| Launch Date: |
6 March 1996 |
| Launch Price: |
€2.33 per share |
| Base Currency: |
EUR |
| Manager: |
Valletta Fund Management Ltd., Malta |
| Dealing Days: |
Daily |
| Year End: |
30 September |
| Min. Initial Investment: |
€1,000 (Accumulator Class)€2,500 (Distributor Class) |
| Regular Savings Facility: |
€50 per month (for Accumulator class only) |
| Min. Addit. Investment: |
NONE |
| Up Front Charge: |
2% |
| Dividends: |
In the Accumulator Shares, there are no dividend payments and income is accumulated within the Fund. In the Income Shares, dividends are distributed annually as at the end of September, payable by November. |
| Exit Fee: |
NONE |
| Annual Management Fee: |
1% |
| Date of AGM: |
February |
Investment Objective
The La Valette Malta Fund endeavours 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 equity and debt securities whether listed or unlisted.
Spread of Investments (as at 30 September 2010)
| Local Equities: |
70.14% |
| Malta Government Stocks: |
20.28% |
| Corporate Bonds: |
6.26% |
| Cash and Term Deposits: |
3.32% |
Top 3 Holdings (as at 30 September 2010)
| Security: |
% of Total Assets |
| Bank of Valletta plc : |
18.33 |
| HSBC Bank Malta plc: |
16.20 |
| GO plc: |
9.46 |
