La Valette Malta Bond Fund (Acc)

General Information

Fund Type: Open-ended
Domicile of Fund: Malta
Launch Date: 30 April 1997
Launch Price: €233 per share
Base Currency: EUR
Manager: Valletta Fund Management Ltd., Malta
Dealing Days: Daily
Year End: 30 September
Min. Initial Investment: €1,000 (both for Accumulator class and Distributor class)
Up Front Charge: 0.5%
Dividends: In the Accumulator Shares, there are no dividend payments and income is accumulated within the Fund. In the Income Shares, dividends are distributed every 6 months.
Exit Fee: NONE
Annual Management Fee: 0.7%
Date of AGM: February

Investment Objective

The La Valette Malta Bond Fund seeks to maximise the total level of return for investors, minimising the volatility of the portfolio whilst having regard to attaining a desirable level of liquidity through investment in Maltese debt securities whether listed or unlisted and to a limited extent through investment in other collective investment schemes listed on the Malta Stock Exchange.

Spread of Investments (as at 30 September 2010)

Malta Government Stocks: 75.79%
Corporate Bonds: 21.78%
Cash: 2.43%

Top 3 Holdings (as at 30 September 2010)

Security: % of Total Assets
7.8% MGS 2018: 8.96
6.6% MGS 2019: 8.78
5.7% MGS 2012 (III): 8.04

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