MPILE LOCAL EQUITY FUND
fund objective
This fund aims to achieve capital appreciation in the long term by investing primarily on the Zambia Capital Market. The objective of the Fund cannot be materially changed or amended without the prior approval of the unit holders
FUND STRATEGY
The investment strategy or asset allocation strategy may vary from time to time to reflect changing economic circumstances or market conditions. Under normal market conditions, the Fund’s equity exposure will be at least 70%.
ASSET ALLOCATION
During the duration of this Prospectus, the prospective asset allocation of the Fund will be as follows:
- Equities and equity related securities – minimum 0% and maximum 95% of the NAV of the Fund
- Fixed income instruments and liquid assets – maximum 100% and minimum 5% of the NAV of the fund
FUND INFORMATION
| Portfolio Manager |
Mumba Musunga |
| Fund Size (ZMW min) | 136.895 Million |
| Price | 4.22480937 |
| Fund Type: | CIS |
| Risk profile | High |
| Benchmark | LuSE Free-float Index |
| Price Date | 30th September 2023 |
| Trustee | AMG Global Trust Ltd |
| Trading closing time | 4:00 p.m. |
| Minimum investment Lump sum: | Lump sum: ZMW 50,0001 Lump sum: ZMW 5002 |
LuSE Free-float Index
1. Minimum investment amount for institutions
2. Minimum investment amount for individuals
* Mpile Local Equity Class B Price
Fees Inc VAT
| (%) | |
| Front End Load | 0 (of investment) |
| Back End Load | 3 (of redemption) |
| Transfer Charge | K10 |
PERMITTED INVESTMENTS
The fund is permitted to invest in the following:
- Securities of Local companies listed on the LUSE
- Unlisted securities whether or not approved for listing and quotation under the rules of an eligible market, which are offered directly to the Fund by issue
- Units or shares of other collective investment schemes;
- Cash, deposits and money market instruments with licensed institutions and/or other institutions licences or approved to accept deposits;
- Any other form of investments as may be agreed upon by the Manager and the Trustee from time to time; and Any other form of investments as approved by the SEC from time to time.
