A typical investor in the Malta Income Fund would be to one who is seeking to gain exposure to the local Government Bond Market and the local corporate bond and local equity markets, either by achieving capital growth and accumulation of wealth via the Accumulation Share Class A, or by receiving periodical distributions which the Malta Income Fund would have benefited from time to time via the Distribution Share Class B.

The Sub-Fund is being launched with Class A (Accumulator) Investor Shares and Class B (Distributor) Investor Shares which are denominated in EUR, the reference Currency of the Sub-Fund.

The Class B (Distribution) Investor Shares – EUR is a Distributor Share Class and distributions will be carried out on a bi-annual basis, namely on the 30th of April and 31st of October of each year.

The Sub-Fund is a daily Fund and the Sub-Fund’s performance casn be monitored on this page at any time. It can also be monitored via the Bloomberg website. The ISIN Code for Class B (Distribution) Investor Shares – EUR is MT7000022281.

The maximum that might be take out of your money before it is invested is 2.50%, there are no Exit Fees.

The minimum investment is €2,500.

In seeking to achieve the Sub-Fund’s investment objective, the Investment Manager shall aim to invest at least 85% of the Net Assets of the Sub-Fund in a portfolio of debt securities and money market instruments issued or guaranteed by the Government of Malta, as well as equities and corporate bonds issued and listed on the Malta Stock Exchange (collectively, “Maltese Assets”) with no particular focus on any industry. Such exposure may also be obtained by investing in eligible collective investment schemes whose investment objective and policies are consistent with those of the Sub-Fund. Where the Sub-Fund invests in eligible collective investment schemes managed by the Investment Manager, the Investment Manager shall reimburse the Sub-Fund any investment management and/or performance fees, as well as any applicable subscription/redemption charges, received in connection with the Sub-Fund’s investment in the eligible collective investment scheme.

In seeking to achieve its objective, the Sub-Fund may also invest directly (or indirectly via eligible exchange traded funds and/or eligible collective investment schemes) up to 15% of the Net Assets of the Sub-Fund in:

(i) Eligible debt securities and/or money market instruments issued or guaranteed by Governments of EU, EEA and OECD Member States other than Malta, their constituent states or their local authorities; and/or

(ii) Eligible debt securities and/or money market instruments issued or guaranteed by supranational bodies of EU, EEA and OECD Member States other than Malta, their agencies, associated financial institutions or other associated bodies,

(iii) Eligible international equity securities, with no particular bias to the market capitalisation and geographical location of these securities; and

(iv) Eligible international debt securities.

The Investment Manager may invest up to 10% of the net assets of the Sub-Fund in un-listed Maltese and/or Non-Maltese Assets.
As far as the “Non-Maltese Assets” segment of the Sub-Fund is concerned, the Investment Manager will not be targeting any international debt securities of any particular duration or coupon. However, the Sub-Fund is generally not expected to hold investments that, at the time of investment, are rated below “B3” by Moody’s or below “B-“ by S&P or in bonds determined to be of comparable quality by the Investment Manager.

The Investment Manager will not be targeting any local debt securities (debt securities and money market instruments issued or guaranteed by the Government of Malta and/or local corporate bonds issued and listed on the Malta Stock Exchange) of any particular duration or coupon.

The Investment Manager will, at all times, maintain an exposure to local equity securities issued and listed on the Malta Stock Exchange and Regulated Market in Malta of at least 25% of the value of the Net Assets of the Sub-Fund. In addition, the Investment Manager will, at all times, maintain a direct exposure to local debt securities (debt securities and money market instruments issued or guaranteed by the Government of Malta and/or local corporate bonds issued and listed on the Malta Stock Exchange) of at least 25% of the value of the Net Assets of the Sub-Fund.

The Sub-Fund may also invest in term deposits held with credit institutions regulated in Malta and other EU, EEA and OECD Member States.

This Sub-Fund shall not invest, in the aggregate, more than 10% of the Net Assets of the Sub-Fund in units or shares of other UCITS or other CISs.

Investment Manager: Calamatta Cuschieri Investment Management Ltd.

Fund Administrator: Calamatta Cuschieri Fund Services Ltd.

Auditors: Deloitte Malta

Legal Advisors: Ganado Advocates

Custodian: Sparkasse Bank Malta p.l.c.

Directors: Mr. Charles Farrugia ACIB (Chairman), Mr. Alan Cuschieri BA. Hons Financial Services, Mr. Alex Cuschieri ACIB., Mr. Nicholas Calamatta BA. Hons Financial Services.

Fund Structure: Open-Ended retail UCITS Fund