Summary: Key Points:
Nature of the Fund:
Target Return: Net Return to Shareholders of 8% over a
five year rolling period
Market:
-
Most homes in the United
States are purchased with the help of a mortgage which are funded by
lending institutions such as banks. Once the loan is arranged, the
lender can either hold the mortgage in its portfolio, or sell the
mortgage on to Government Sponsored Enterprises (“GSE”) (such as
Fannie Mae and Freddie Mac).
-
The mortgages purchased
by GSE’s are pooled and securitised into bonds known as Mortgage
Backed Securities (“MBS”) which are then sold on to large
institutional investors such as pension funds and insurance
companies.
-
The MBS market is
currently worth in excess of US$4 trillion.
-
Due to the expertise of
the Fund’s Investment Manager, the Fund is able to compete in this
institutional marketplace on behalf of its shareholders.
-
The Fund can be accessed
by both individuals and Corporate/Trustee investors as well as
through International Life Offices. Shares are available in USD, GBP
and Euros.
Charges:
-
Nil Initial Charge –
100% allocation of shares.
-
1.95% amc.
-
No Performance Fee.
-
Discontinuance penalty
over first 4 years 7%>0%.
-
Investment should be
considered for terms of 5 years +
This document is for
information purposes only and does not constitute an offer to sell, or a
solicitation of an offer to invest in any fund discussed herein. This
document is directed at persons having professional experience in
matters relating to offshore investments, and should only be used by
such persons. The terms on which an application will be considered are
detailed in the Scheme Particulars of the fund.