La Valette Malta Fund (Dist)

General Information

Fund Type: Open-ended
Domicile of Fund: Malta
Launch Date: 6 March 1996
Launch Price: €2.33 per share
Base Currency: EUR
Manager: Valletta Fund Management Ltd., Malta
Dealing Days: Daily
Year End: 30 September
Min. Initial Investment: €1,000 (Accumulator Class)€2,500 (Distributor Class)
Regular Savings Facility: €50 per month (for Accumulator class only)
Min. Addit. Investment: NONE
Up Front Charge: 2%
Dividends: In the Accumulator Shares, there are no dividend payments and income is accumulated within the Fund. In the Income Shares, dividends are distributed annually as at the end of September, payable by November.
Exit Fee: NONE
Annual Management Fee: 1%
Date of AGM: February

Investment Objective

The La Valette Malta Fund endeavours 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 equity and debt securities whether listed or unlisted.

Spread of Investments (as at 30 September 2010)

Local Equities: 70.14%
Malta Government Stocks: 20.28%
Corporate Bonds: 6.26%
Cash and Term Deposits: 3.32%

Top 3 Holdings (as at 30 September 2010)

Security: % of Total Assets
Bank of Valletta plc: 18.33
HSBC Bank Malta plc: 16.20
GO plc: 9.46

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