La Valette Euro Income Fund

General Information

Fund Type: Open-ended
Domicile of Fund: Malta
Launch Date: 22 July 2002
Launch Price: €1 per share
Base Currency: EUR
Manager: Valletta Fund Management Ltd., Malta
Dealing Days: Daily
Year End: 30 September
Min. Initial Investment: €1,000
Regular Savings Facility: €50 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% and +7 years = NIL
Annual Management Fee: 1%
Date of AGM: February

Investments Objective

The investment objective of the La Valette Euro Income Fund is to aim to achieve a reasonable level of income, with the possibility of capital growth, through investment in debt securities consisting primarily of Euro denominated debt securities.

Spread of Investments (as at 30 September 2010)

Euro Demoninated Bonds: 93.96%
Bank Balances: 0.96%
Sterling Denominated Bonds: 3.13%
USD Denominated Bonds: 1.95%

Top 3 Holdings (as at 30 September 2010)

Security: % of Total Assets
Government of Germany Bond 3.25% 2020: 2.62
Unicredit SPA 4.875% 2013: 1.83
Fosse Master plc FRN 2054 1.74

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