Clico Investment Fund

Price | 12-Dec

20.96

2017 Return *

▼-3.26%

2016 Return *

▲3.81%

2015 Return *

▲2.89%

2014 Return *

▲9.5%

Currency

TTD

* 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 Clico Investment Fund is a equity mutual fund domiciled in Trinidad and Tobago. It manages an estimated $5.1 billion (TTD) in assets (as at 2016-12-31).

According to the fund's prospectus, its investment objective is "to hold the Initial Assets [40,072,299 Republic Bank Limited ("RBL") Shares representing 25% of the issued share capital of RBL and the Trinidad Government Securities with aggregate face value of aggregate face value of $702,866,700. TTD] and the Additional RBL Shares [additional RBL shares acquired in accordance with the provisions of the fund's trust deed], in the event that they become part of the Deposited Property, for a period of ten (10) years subject to the terms described in the section below "Termination of the Fund". These assets will be in the form of:

  1. The RBL Shares
  2. The Government Securities

The Fund is not a performance driven fund hence this investment objective will not change regardless of the performance of the Deposited Property.

The Fund shall not borrow cash or provide a security interest over any of the Deposited Property.

"

The fund's trustee is CLICO Trust Corporation Limited.



Stewardship

Trustee CLICO Trust Corporation Limited
Manager NA
Administrator Republic Financial Holdings Limited
Sponsor Government of Trinidad and Tobago
Advisor NA

Fund Details

Fund Status: Active
Asset Category: Equity
Peer Group: Equity Funds - TTD
Sub-Peer Group: None
Benchmark: TTSE_ALL
Domicile: Trinidad and Tobago
Currency: Trinidad and Tobago Dollar
NAV Type: Listed Price
Minimum Investment: None
Minimum Add. Investment: None
Distrib. Frequency: Semi-Annually
Distrib. Accrual Frequency: Semi-Annually
Fractional Units Allowed: Yes
Share Type: Closed End
Inception Date: Nov. 1, 2012
Assets Under Mgmt: TTD $5,064,828,611.00 (Dec 31, 2016)