Home Mortgage Bank Mortgage Participation Fund

Price | 12-Oct

1.00

2017 Return *

▲1.13%

2016 Return *

▲1.41%

2015 Return *

▲1.36%

2014 Return *

▲1.36%

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.


Special Notes

This fund does not publish financial statements.


Fund Description

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.



Stewardship

Trustee Home Mortgage Bank
Manager Home Mortgage Bank
Administrator Home Mortgage Bank
Sponsor Home Mortgage Bank
Advisor NA

Fund Details

Fund Status: Active
Asset Category: Fixed Income
Peer Group: Fixed Income Funds - TTD
Sub-Peer Group: TTD Fixed NAV Income
Benchmark: None
Domicile: Trinidad and Tobago
Currency: Trinidad and Tobago Dollar
NAV Type: Fixed
Minimum Investment: 5,000.00
Minimum Add. Investment: None
Distrib. Frequency: Monthly
Distrib. Accrual Frequency: Daily
Fractional Units Allowed: Yes
Share Type: Open-End
Inception Date: Dec. 3, 2001
Assets Under Mgmt: TTD $664,019,333.00 (Dec 31, 2016)