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SavInvest Capital Growth Fund (TT)
FUND DESCRIPTION
This is a TT Dollar denominated equity mutual fund which allows an investor the opportunity to participate primarily in the local, but also the regional and international stock markets. Bourse allows the investor to do this in a convenient manner.
Fund Manager
The Promoter of the Fund is Bourse Securities Limited who is also the Fund Manager, Investment Manager and Distributor. The investment responsibility for the Fund’s portfolio is delegated to a team of investment professionals at Bourse who are dedicated to its effective management.
The Fund seeks medium to long-term growth of capital, by investing in a diversified portfolio of shares in companies primarily domiciled in, but not limited to Trinidad & Tobago.
Who should invest?
This fund is designed for the investor with a medium to long term investment horizon (3-5 years).
features & Benefits
Attractive Returns
Over the medium to long-term, investment in equities (shares) have traditionally provided higher returns than deposits, bonds and other fixed income instruments.
Wealth Creation
Via capital appreciation on your investment.
Diversification
The fund invests in a portfolio of companies in a variety of industries locally and regionally.
Liquidity
If it becomes necessary to redeem all or part of your investment, you may do so. However, fees may be applicable for early redemptions (see next section- Fund Specifics).
Professional Management
Bourse has a cadre of highly experienced investment professionals who manage equity investments for individual clients and institutions, as part of our core business for the past 20 years.
Collateral
Investments in units can be used as collateral for a loan.
Income earnings
Distribution of income will be determined by the Trustee and will ordinarily be paid. This is reinvested automatically. However you may opt to have your income paid to you separately if you wish.
Quarterly statements
You will get quarterly statements, either via traditional Mail, or Email.
fund SPECIFICS
What is the minimum amount to invest?
- The minimum initial investment is TT$5,000
- The minimum subsequent investment is TT$100
Redemption of Units
You have the opportunity to redeem your investment at any time. You can access all or part of your funds on any business day by redeeming units held in the Fund.
To redeem units, simply complete and submit the relevant Redemption Form no later than 11 am on any business day to the Fund Administrator, Bourse Securities Limited.
Submissions after 11 am will receive value on the next business day.
An investor who submits a Redemption Form by 11 a.m. on any business day can receive payment within 2 business days.
Redemption Fees
Redemption fees are applicable within the first three (3) years, calculated on the gross redemption amount as follows:
- Up to 1 year = not to exceed 2.00% p.a.
- 1 year to 2 years = not to exceed 1.50% p.a.
- 2 years to 3 years = not to exceed 1.00% p.a.
Frequently Asked questions
Bourse can serve you by fulfilling the different roles as follows.
An investor that purchases individual stock is essentially placing ‘all his/her eggs in one basket’ hence can become exposed to greater risk in event that the stock value declines. A mutual fund invests in a diversified portfolio of assets which minimizes the risk of the fund.
No, mutual funds invest in securities such as stocks, bonds and financial instruments whose yields and values fluctuate with market conditions.
- Distribution
- Capital Appreciation
Mutual Funds are investments in financial securities with fluctuating values. The value of the stocks in a fund’s portfolio can rise or fall based on general economic conditions and the fortunes of the particular companies that issue those stocks.
Growth Funds seek maximum capital appreciation and carry high risk.
Money Market/Income-type Mutual Funds seek capital preservation and carry low risk.
The higher the risk, the greater the return to the investor and vice versa.
To reduce risks, mutual fund investments should constitute part of an overall portfolio which ought to be spread among:
- Different companies
- Different industries
This is known as diversification and is the principle upon which mutual fund is based.
A portfolio is two or more investments which are not similarly affected by various risk factors. If the price of an investment drops because of the influence of a risk, the price of another investment may rise, thus reducing the impact on the total investment.
The risk on a portfolio is generally lower in comparison to the risk on a single investment.
A mutual fund states the kind of portfolio it seeks to construct and outlines how risk factors are likely to affect such a portfolio.
Yield is the income per unit paid to a unit holder from dividends and interest over a specified period of time.
Total Return is a measure of the change in total value from the beginning to the end of a specified period, usually a year, including distributions paid to unit holders.
This measure includes income received from dividends and interest, capital gains distributions and any unrealized capital gains or losses.
Mutual Funds are not covered by Depositors’ Insurance as is the case with Bank Deposits. The risk is that of the investor.
By comparing the performance of the fund to one or more securities market indices such as S&P 500 (Benchmark for the SavInvest US Dollar Capital Growth Fund), BSE100 (benchmark for the India component of the SavInvest India Asia Fund), the MSCI AC (All Country) Asia Ex Japan Index (benchmark for the Asia component of the SavInvest India Asia Fund) and T&T Composite Index (benchmark for the SavInvest Capital Growth Fund)
Mutual Funds provide a high level of liquidity to investors. An investor who submits a redemption form by 11am on any business day can receive payment within 5 business days.
This depends on the type of Mutual Fund:
- For a Capital Growth Fund, it is advisable to keep an investment for the medium to long-term (approximately a minimum of 3-5 years)
- For a Money Market Fund, it is advisable to keep an investment for the short-term (approximately a minimum of 3 months-1 year)
Many types of funds work best when allowed to ride out the ups and downs of market cycles over long periods of time.
Fees include the following:-
- Trustee
- Fund Administration
- Investment Management
- Distribution
These fees are calculated as a percentage of the Net Asset Value (NAV) of the Fund and are paid on a quarterly basis.
Management Fees are paid from the Fund’s Assets and are reflected in the Bid and Offer prices.
In contrast, most sales charges are deducted from the investor’s initial investment.
By taking the total number of units he/she owns and multiplying these by the Fund’s Net Asset Value (NAV) per unit (or Bid Price). He/she should compare today’s value against his beginning value. Bourse provides updates of NAVs of a daily basis. They can be found on our website under the “Current NAV Prices” tab and are published weekly on Monday’s Express Newspaper on page 10
One MAIN Account holder and up to a maximum of three joint parties are allowed.
No, accounts can only be opened for individuals over the age of 18 years.
For an individual account, the legal representative of the unit holder becomes the rightful owner of the units.
For a joint account, the other party/parties become(s) the rightful owners.
prospectus
The contents of this Prospectus are qualified in their entirety by the detailed provision of the Trust Deed.
Click here to download the SavInvest TT Capital Growth Fund Prospectus.
financials
- Savinvest TT Capital Growth Fund – 30 June 2024
- Savinvest TT Capital Growth Fund – 31st December 2023
- Savinvest TT Capital Growth Fund – 30th June 2023
- Savinvest TT Capital Growth Fund – 31st December 2022
- Savinvest TT Capital Growth Fund – 30th June 2022
- Savinvest TT Capital Growth Fund – 31st December 2021
- Savinvest TT Capital Growth Fund – 30th June 2021
- Savinvest TT Capital Growth Fund – 31st December 2020
- Savinvest TT Capital Growth Fund – 30th June 2020
- Savinvest TT Capital Growth Fund – 31st December 2019
- Savinvest TT Capital Growth Fund – 30th June 2019
- Savinvest TT Capital Growth Fund – 31st December 2018
- Savinvest TT Capital Growth Fund – 30th June 2018
- Savinvest TT Capital Growth Fund – 30th June 2017
- Savinvest TT Capital Growth Fund – 31st December 2016
- Savinvest TT Capital Growth Fund – 30th June 2016
- Savinvest TT Capital Growth Fund – 31st December 2015
- Savinvest TT Capital Growth Fund – 30th June 2015
open an account
Interested investors can call 1-868-226-8773 or send an email to sales@boursefinancial.com.
Documentation needed
- Two (2) forms of photo identification (e.g. National Identification Card, T&T Passport or Driver’s License)
- Proof of Address not older than 3 months (e.g. Utility Bill, Bank or Credit Card Statement)
- Pay-slip or Job Letter as proof of income and employment.
- A Source of Funds Declaration Form (which we will provide).
you can invest using
- Manager’s cheques
- Personal cheques (subject to management approval)
- Wire Transfer of funds
- Direct deposits at any branch of First Citizens Bank Ltd
You will be required to open the Account at any of Bourse’s 3 offices, but thereafter, any further Investments may be done at any branch of First Citizens Bank (please notify us if First Citizens is used).
Quarterly Portfolio Statements
- Savinvest Capital Growth Fund Quarterly Portfolio Statement – September 30 2024
- Savinvest Capital Growth Fund Quarterly Portfolio Statement – June 30 2024
- Savinvest Capital Growth Fund Quarterly Portfolio Statement – March 31 2024
- Savinvest Capital Growth Fund Quarterly Portfolio Statement – December 31 2023
disclaimer
Important information concerning the investment goals, risks, charges and expenses is contained in the prospectus, which is available at any Bourse Securities office or at www.bourseinvestment.com. Investors should carefully consider this information before investing. Performance is subject to variation and is likely to change over time. Past performance should not be treated as an indicator of future performance.
