Bourse SavInvest US$ Investment Income Fund

Price | 11-Dec

10.00

2017 Return *

▲1.34%

2016 Return *

▲1.26%

2015 Return *

▲1.25%

2014 Return *

▲1.32%

Currency

USD

* Returns are bid-bid with the reinvestment of distributions (unannualized).

The fund's price is adjusted for the distributions reinvested on the Reinvestment Date.   Distributions are accrued according to the fund's Accrual Frequency.   Price data are forward-filled on weekends, holidays and other no-quote days.   Returns are not load-adjusted. Bid-to-Bid return is used where applicable.   The Growth of $10,000 (y-axis) is shown using a logarithmic scale.



Fund Description

The Bourse SavInvest US$ Investment Income Fund is a fixed income mutual fund domiciled in Trinidad and Tobago. The fund was launched in 2005 and manages an estimated $10.6 million (USD) in assets (as at 2017-06-30).

According to the fund's prospectus, its investment objective is "to seek to maximise investment returns while providing for acceptable levels of liquidity and credit risk by investing in a diversified portfolio of debt securities instruments and contracts of issuers primarily denominated in United States dollars and originating from the United States or elsewhere. Interest income will be an important, though not the only, consideration in portfolio selection. The fund may invest in securities and contracts, including but not limited to, debt collateralized by marketable securities, sovereign debt, issued in countries other than Trinidad and Tobago which are expected to provide high income yield and are not expected to cause, on aggregate, deterioration in capital values. In selecting debt securities and contracts the Investment Manager will consider, among other factors, the effect of movements in currency exchange rates on the dollar value of such securities. As a general matter, in evaluating investments, the Investment Manager will seek to maximize the fund's total investment return, which is expressed in United States of America dollars. The fund may enter into derivative transactions and forward currency contracts for purposes of hedging risks and enhancing returns. The Investment Manager will vary the average maturity of the fund's debt securities from time to time depending on its assessment of the pertinent economic conditions. As with all debt securities, changes in market yields will affect the value of such securities. Prices generally increase when interest rates decline and decrease when interest rates rise. Prices of longer term securities generally fluctuate more in response to interest rates changes than do shorter term securities."

The fund is managed by Bourse Securities Limited. The fund's trustee is First Citizens Trust and Asset Management Limited.



Stewardship

Trustee First Citizens Trust and Asset Management Limited
Manager Bourse Securities Limited
Administrator Bourse Securities Limited
Sponsor Bourse Securities Limited
Advisor NA

Fund Details

Fund Status: Active
Asset Category: Fixed Income
Peer Group: Fixed Income Funds - USD
Sub-Peer Group: USD Fixed NAV Income
Benchmark: GBMI
Domicile: Trinidad and Tobago
Currency: United States Dollar
NAV Type: Fixed
Minimum Investment: 2,000.00
Minimum Add. Investment: None
Distrib. Frequency: Quarterly
Distrib. Accrual Frequency: Daily
Fractional Units Allowed: Yes
Share Type: Open-End
Inception Date: Jan. 2, 2005
Assets Under Mgmt: USD $10,623,448.00 (Jun 30, 2017)