General Information
| Fund Type: |
Open-ended |
| Domicile of Fund: |
Malta |
| Launch Date: |
24 August 2001 |
| Launch Price: |
US$1 per share |
| Base Currency: |
US Dollar |
| Manager: |
Valletta Fund Management Ltd., Malta |
| Dealing Days: |
Daily |
| Year End: |
30 September |
| Min. Initial Investment: |
US$5,000 |
| Regular Savings Facility: |
None |
| Min. Addit. Investment: |
None |
| Up Front Charge: |
3.5% (currently discounted to 2%) |
| Dividends: |
The Fund pays an annual dividend, but not later than the expiry of two months from the end of the Company’s financial year ending 30 September of each year. |
| Exit Fee: |
None |
| Annual Management Fee: |
1.5% |
| Date of AGM: |
February |
Investment Objective
The La Valette Med Rim Fund endeavours to maximise the level of total return for investors over the longer term, whilst minimising the volatility of the portfolio, by investing in a portfolio of equity and fixed income securities, of issuers in countries geographically located mainly in the Mediterranean region but excluding the developed markets of Portugal, Spain, France, Italy and Greece.
Spread of Investments (as at 30 June 2009)
| Equities: |
31.56% |
| Bonds: |
42.98% |
| Foreign Collective Investment Schemes: |
18.23% |
| Global Depository Receipts: |
1.95% |
| Bank Balances: |
5.28% |
Top 3 Holdings (as at 30 June 2009)
| Security: |
% of Total Assets |
| Insight Investment USD Liquidity Fund: |
18.23 |
| 5.00% MGS 2021: |
7.85 |
| 7.80% MGS 2013: |
6.63 |
