General Information
| Fund Type: |
Open-ended |
| Domicile of Fund: |
Malta |
| Launch Date: |
3 April 2002 |
| Launch Price: |
£1 per share |
| Base Currency: |
Pound Sterling |
| Manager: |
Valletta Fund Management Ltd., Malta |
| Dealing Days: |
Daily |
| Year End: |
30 September |
| Min. Initial Investment: |
£1,000 |
| Regular Savings Facility: |
£30 per month |
| Min. Addit. Investment: |
None |
| Up Front Charge: |
2% |
| Dividends: |
Quarterly (Feb, May, Aug, Nov) |
| Exit Fee: |
0 to 3 years = 0.75%; 3 to 5 years = 0.50%; 5 to 7 years = 0.25%; +7 years = NIL |
| Annual Management Fee: |
1% |
| Date of AGM: |
February |
Investment Objective
The investment objective of the La Valette Sterling Income Fund is to aim to achieve a high level of income, with the possibility of capital growth, through investment in securities consisting principally of investment grade fixed and/or variable rate securities.
Spread of Investments (as at 30 September 2010)
| ‘AAA’ Rated Bonds: |
13.24% |
| ‘AA’ Rated Bonds: |
4.22% |
| ‘A’ Rated Bonds: |
45.27% |
| ‘BBB’ Rated Bonds: |
30.29% |
| ‘BB’ Rated Bonds: |
1.12% |
| ‘B’ Rated Bonds: |
0.13% |
| ‘C’ Rated Bonds: |
0% |
| Bank Balances: |
3.13% |
| Other Quoted Bonds: |
2.60% |
Top 3 Holdings (as at 30 September 2010)
| Security: |
% of Total Assets |
| UK Treasury 5.00% 2025: |
6.56% |
| Barclays Bank plc 10% 2021: |
3.38% |
| Citigroup Inc. 7.625% 2018: |
3.03% |
