Vilhena Mediterranean Rim Fund

General Information

Fund Type: Open-ended
Domicile of Fund: Malta
Launch Date: 24 August 2001
Launch Price: US$1 per share
Base Currency: US Dollar
Manager: Valletta Fund Management Ltd., Malta
Dealing Days: Daily
Year End: 30 September
Min. Initial Investment: US$5,000
Regular Savings Facility: None
Min. Addit. Investment: None
Up Front Charge: 3.5% (currently discounted to 2%)
Dividends: The Fund pays an annual dividend, but not later than the expiry of two months from the end of the Company’s financial year ending 30 September of each year.
Exit Fee: None
Annual Management Fee: 1.5%
Date of AGM: February

Investment Objective

The La Valette Med Rim Fund endeavours to maximise the level of total return for investors over the longer term, whilst minimising the volatility of the portfolio, by investing in a portfolio of equity and fixed income securities, of issuers in countries geographically located mainly in the Mediterranean region but excluding the developed markets of Portugal, Spain, France, Italy and Greece.

Spread of Investments (as at 30 June 2009)

Equities: 31.56%
Bonds: 42.98%
Foreign Collective Investment Schemes: 18.23%
Global Depository Receipts: 1.95%
Bank Balances: 5.28%

Top 3 Holdings (as at 30 June 2009)

Security: % of Total Assets
Insight Investment USD Liquidity Fund: 18.23
5.00% MGS 2021: 7.85
7.80% MGS 2013: 6.63