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  2014-07-22  Ceylon Index Fund Create: 54.15 / Redeem: 51.97 up    Ceylon Tourism Fund Create: 6.96 / Redeem: 6.70 up    Ceylon Financial Sector Fund Create: 9.40 / Redeem: 9.02 up    Ceylon Income Fund Create: 13.50 / Redeem: 13.50 up    Ceylon IPO Fund Create: 11.47 / Redeem: 11.24 up    Ceylon Gilt-Edged Fund Create: 12.89 / Redeem: 12.89 up    ASPI 6796.37 74.5 1.11 YTD: 14.41% up    Tourism TOP 10  897.04  3.42 0.38 YTD: 6.99% up    Finance Top 10  950.87  10.63 1.13 YTD: 37.20% up    Top 10 Index 2881.49 13.54 0.47 YTD: 25.93% up    S & P SL 20 Index 3789.15 41.68 1.11 YTD: 22.82% up    John Keells Holdings 244.50 -0.5 -0.2 down    Commercial Bank of Ceylon 144.90 3.4 2.4 up    Dialog Axiata 11.00 -0.2 -1.79 down    Aitken Spence Holdings  107.60 -0.3 -0.28 down    Aitken Spence Hotels Holdings 85.10 -0.5 -0.58 down    Hatton National Bank 169.90 0.8 0.47 up    Distilleries Company of Sri Lanka  204.30 -0.6 -0.29 down    Access Engineering PLC 25.50 -0.4 -1.54 down    The Lion Brewery Ceylon PLC 308.00 2.9 0.95 up    Chevron Lubricants Lanka  308 2.9 0.95 up    
Ceylon Income Fund

The best performing Unit Trust in Sri Lanka. Annualized year to date (14th November) return of Ceylon Income Fund is 10.88%.

After tax return of 12.39% in financial year 2010/11. The top performing fixed income fund in 2010/11 at the lowest cost in Sri Lanka.

Invests in Sri Lanka corporate debt instruments rated “Investment Grade” (BBB - or better). Maximum single exposure limit is 15% per company.

Tax exempt returns. Tax advantage of 18% for corporate tax payers.

Please click to download Ceylon Income Fund Presentation

Unit Trust Association Performance Summary



Investment Rationale

Our target return in the Ceylon Income Fund is to provide a yield of 3.5 % over the One-year Treasury bill rate annually. In order to achieve this target rate, the following fixed income instruments are considered:
Corporate Debt Instruments* Bank Deposits, Securities Issued or Guaranteed by Banks and Government Securities
*investment grade risk, (rated BBB- or better by Fitch or RAM Ratings)

Tax Saving for Corporates of 18%
 
Corporate Bodies that invest in the Ceylon Income Fund, gain a 18% tax saving on Interest income. Companies are usually liable for Corporate Tax of 28% on interest income in their Profit & Loss Account. By investing with Ceylon Income Fund that incurs a maximum tax burden of 10%, enabling tax free distributions. The companies too can limit their tax burden to 10%. All distributions are tax free in the hands of both individual investors and corporate clients.

Income Distribution Policy

Net Income, (i.e. net of operating fees and expenses of the fund) will be distributed annually. Please contact us for more information.

Risk Factors

Since the fund is invested in a combination of rated Corporate Debt Instruments, Bank and Government Securities, the maximum diversified risk of the fund is "investment grade risk", (BBB- or better).
Buying Price Selling Price
T-Bill & Bond Rates as at 23/07/2014
 Period  % Per Annum
 Overnight 7.00 %
 3 Months 7.11 %
 6 Months 7.21 %
 12 Months 7.35 %
 3 Year 7.99 %
 5 Year 8.50 %
 
Right click on the graph to view full screen
Who May Invest

1. Citizens of Sri Lanka

2. Companies and institutions incorporated in Sri Lanka

3. Foreign institutions and individuals (Gazette No - 1719/22)

4. Minors under the age of 18 years provided the application is made by a duly appointed guardian.

Investment Restrictions


The manager will make investments within the parameters set out by the Securities and Exchange Commission of Sri Lanka (SEC) directives and guidelines issues by the SEC from time to time as well as the Unit Trust Deed of the Ceylon Income Fund.

Unless permitted by the SEC, the manager will not make investments on the following:

a.    Any investment for the purpose of gaining management control of a company.

b.    Any investment in unlisted securities or foreign securities.

c.    Any investment that involves the Trust in unlimited liability

d.    Leverage by borrowing against securities or buying on margin

e.    Make loans or act as a guarantor or indemnity any person.

f.     Underwrite securities.

g.    Investment in commodities, futures and options.

h.    Investment in real estate.

 
 
Stocks at a Glance     2014-07-22
Index Value Daily Change % Daily Change Monthly
CIF 52.52 0.3 0.57% up 7.71%
CTF 6.76 0.06 0.9% up 5.13%
CFF 9.12 0.08 0.88% up 4.95%
CINF 13.50 0.02 0.15% up 1.05%
IPO Fund 11.24 0.08 0.72% up 0.81%
CGEF 12.89 0.01 0.08% up 0.39%
ASPI 6796.37 74.5 1.11% up 6.55%
Tourism 10 897.04 3.42 0.38% up -1.41%
Finance 10 950.87 10.63 1.13% up 4.51%
TOP 10 2881.49 13.54 0.47% up 8.71%
S & P SL 20 3789.15 41.68 1.11% up 7.20%
image_of_price_movement
                            
The Colombo Top 10 Index (TOP 10)
Company name Share price No of shares issued Market Capitalization Market Capital %
John Keells Holdings 244.50 851,323,807 208,148,670,812 23.99
Commercial Bank of Ceylon 144.90 779,225,073 112,909,713,078 12.32
Dialog Axiata 11.00 8,143,778,405 89,581,562,455 10.67
Aitken Spence Holdings 107.60 405,996,045 43,685,174,442 13.39
Hatton National Bank 169.90 317,569,919 53,955,129,238 7.41
Distilleries Company of Sri Lanka 204.30 300,000,000 61,290,000,000 7.07
The Lion Brewery Ceylon PLC 308.00 80,000,000 24,640,000,000 4.86
Aitken Spence Hotels Holdings 85.10 336,290,010 28,618,279,851 4.01
Chevron Lubricants Lanka 308.00 120,000,000 36,960,000,000 3.96
Access Engineering PLC 25.50 1,000,000,000 25,500,000,000 3.79
Total     576,420,209,304 91.47