• AELZ
  • 18.49
  • arrow_constant.gif
  • 0.00
  • BATA
  • 2.50
  • arrow_constant.gif
  • 0.00
  • BATZ
  • 2.00
  • arrow_constant.gif
  • 0.00
  • CCHZ
  • 1.20
  • arrow_constant.gif
  • 0.00
  • CEC
  • 1.44
  • arrow_constant.gif
  • 0.00
  • ATEL
  • 35.00
  • arrow_constant.gif
  • 0.00
  • REIZ
  • 5.50
  • arrow_constant.gif
  • 0.00
  • REIZPREF
  • 4.70
  • arrow_constant.gif
  • 0.00
  • FQMZ
  • 3.70
  • arrow_constant.gif
  • 0.00
  • INVESTRUST
  • 13.50
  • arrow_constant.gif
  • 0.00
  • LAFARGE
  • 6.25
  • arrow_constant.gif
  • 0.00
  • NATBREW
  • 13.00
  • arrow_constant.gif
  • 0.00
  • PAMODZI
  • 0.62
  • arrow_constant.gif
  • 0.00
  • PUMA
  • 1.00
  • arrow_constant.gif
  • 0.00
  • SHOPRITE
  • 63.00
  • arrow_constant.gif
  • 0.00
  • SCZ
  • 1.96
  • arrow_constant.gif
  • 0.00
  • ZAMBEEF
  • 3.00
  • arrow_constant.gif
  • 0.00
  • ZAMBREW
  • 6.84
  • arrow_constant.gif
  • 0.00
  • ZAMEFA
  • 4.82
  • arrow_constant.gif
  • 0.00
  • ZCCM-IH
  • 38.00
  • arrow_constant.gif
  • 0.00
  • ZANACO
  • 0.97
  • arrow_constant.gif
  • 0.00
  • ZSUG
  • 2.70
  • arrow_constant.gif
  • 0.00
  • PRIMA-RE
  • 2.50
  • arrow_constant.gif
  • 0.00
  • MAFS
  • 2.80
  • arrow_constant.gif
  • 0.00
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Mpile High Yield Debt Fund.

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Mpile High Yield Debt Fund

This fund aims to achieve returns through capital appreciation and generation of income in the long term by investing in debt instruments primarily from corporates within Zambia, with minority exposure debt securities from some offshore markets. 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.

Asset Allocation

During the duration of this Prospectus, the prospective asset allocation of the Fund will be as follows;-

  • Locally issued corporate bonds – 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
  • Mezzanine securities and equity linked instruments – minimum 0% and maximum 15% of the NAV of the fund

 

Fund Information

Portfolio Manager
Geoffrey Musekiwa
Investment Analyst Kutawa Chamunda
Fund Size (ZMW) 8,975,057.04
Price 1.7463
Price Date: 30th June 2017
Risk profile Moderate
Benchmark 3yr GRZ Bond Yield+2%
Launch date September 2013
Trustee AMG Global Trust Ltd
Trading closing time 4:00 p.m.
Minimum investment Lump sum: Lump sum: ZMW 50,0001
Lump sum: ZMW 1,0002

 

1 Minimum investment amount for institutions

2 Minimum investment amount for individuals

 

Fees (Incl. VAT)

      (%)
Front End Load 3 (of investment)
Back End Load 3 (of redemption)
Transfer Charge K10

 

Permitted Investments

The fund is permitted to invest in the following:

  • Fixed income securities listed on the LUSE
  • Fixed income of corporates and sovereigns and liquid assets in foreign markets that are approved by the investments Committee
  • Private debt securities, loan stocks and corporate bonds:
  • 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.
  • Government Securities, Treasury Bills, Bank Negotiable certificates of Deposit
  •  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.