Home Mortgage Bank Mortgage Participation Fund
Price | 12-Oct
2017 Return *
2016 Return *
2015 Return *
2014 Return *
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.
The Home Mortgage Bank Mortgage Participation Fund is a fixed income mutual fund domiciled in Trinidad and Tobago. The fund was launched in 2001 and manages an estimated $664.0 million (TTD) in assets (as at 2016-12-31).
According to the fund's prospectus, its investment objective is "to seek a high total investment return with safety of capital by investing primarily in a portfolio of mortgages secured by properties, which have either been identified and separated in the books of the Bank or purchased from Approved Mortgage Lenders and such other securities as permitted under the terms of the Deed. Current income from interest will be an important (but not the only) consideration in the selection of portfolio securities. The Bank will vary the average maturity of the Trust'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 rate changes than do shorter terms securities."
The fund is managed by Home Mortgage Bank. The fund's trustee is Home Mortgage Bank.
|Trustee||Home Mortgage Bank|
|Manager||Home Mortgage Bank|
|Administrator||Home Mortgage Bank|
|Sponsor||Home Mortgage Bank|
|Asset Category:||Fixed Income|
|Peer Group:||Fixed Income Funds - TTD|
|Sub-Peer Group:||TTD Fixed NAV Income|
|Domicile:||Trinidad and Tobago|
|Currency:||Trinidad and Tobago Dollar|
|Minimum Add. Investment:||None|
|Distrib. Accrual Frequency:||Daily|
|Fractional Units Allowed:||Yes|
|Inception Date:||Dec. 3, 2001|
|Assets Under Mgmt:||TTD $664,019,333.00 (Dec 31, 2016)|