First Citizens El Tucuche Fixed Income Fund

Price | 07-Dec

12.37

2017 Return *

▲1.7%

2016 Return *

▲0.75%

2015 Return *

▼-6.22%

2014 Return *

▲1.35%

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 First Citizens El Tucuche Fixed Income Fund is a fixed income mutual fund domiciled in Trinidad and Tobago. The fund was launched in 2008 and manages an estimated $143.0 million (TTD) in assets (as at 2017-03-31).

According to the fund's prospectus, its investment objective is "to seek to generate investment returns which are superior to all TT$ registered money market mutual funds in Trinidad and Tobago, while providing for acceptable levels of liquidity and credit risk by investing primarily in a diversified portfolio of debt securities, instruments and contracts which are collateralized mainly by marketable securities. Interest income and preservation of capital will be important, though not the only, investment considerations for the fund. The fund may invest in securities and contracts, including sovereign debt, issued in countries other than Trinidad and Tobago, which are expected to provide high income yield and are not expected to cause deterioration in capital values. The fund will focus on building and maintaining a portfolio of debt instruments. In selecting debt securities and contracts denominated in a currency other than Trinidad and Tobago Dollars, the Investment Manager will consider, among other factors, the effect of movements in currency exchange rates on the dollar value of such securities. For the purpose of hedging risks and enhancing returns the fund may enter into derivative transactions including but not limited to forward currency contracts. The fund will invest at least 80% of its total assets in fixed income/debt securities. "

The fund is managed by First Citizens Asset Management Limited. The fund's trustee is First Citizens Trustee Services.



Stewardship

Trustee First Citizens Trustee Services
Manager First Citizens Asset Management Limited
Administrator First Citizens Asset Management Limited
Sponsor First Citizens Asset Management Limited
Advisor NA

Fund Details

Fund Status: Active
Asset Category: Fixed Income
Peer Group: Fixed Income Funds - TTD
Sub-Peer Group: TTD Floating NAV Income
Benchmark: None
Domicile: Trinidad and Tobago
Currency: Trinidad and Tobago Dollar
NAV Type: Floating
Minimum Investment: 10,000.00
Minimum Add. Investment: 1,000.00
Distrib. Frequency: Quarterly
Distrib. Accrual Frequency: Quarterly
Fractional Units Allowed: Yes
Share Type: Open-End
Inception Date: Sept. 29, 2008
Assets Under Mgmt: TTD $143,041,637.00 (Mar 31, 2017)