Blackrock Income and Growth Investment Trust Plc August 2021
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Blackrock Greater Europe Investment Trust Plc July 2021
BlackRock Greater Europe Investment Trust plc July 2021 The information contained in this release was correct as at 31 July 2021. Key Risk Factors Information on the Company’s up to date net asset values can be found on Capital at risk. The value of investments and the London Stock Exchange website at: https://www.londonstockexchange.com/exchange/news/market-news/market- the income from them can fall as well as rise newshome.html and are not guaranteed. Investors may not get back the amount originally invested. Overseas investments will be affected by Company objective currency exchange rate fluctuations. To achieve capital growth, primarily through investment in a focused portfolio The Company’s investments may be subject constructed from a combination of the securities of large, mid and small to liquidity constraints, which means that capitalisation European companies, together with some investment in the shares may trade less frequently and in small developing markets of Europe. volumes, for instance smaller companies. As a Fund information (as at 31/07/2021) result, changes in the value of investments may be more unpredictable. In certain cases, Net asset value (capital only): 649.74p it may not be possible to sell the security at Net asset value (including income): 651.74p the last market price quoted or at a value considered to be fairest. Net asset value (capital only)1: 649.74p The Company invests in economies and Net asset value (including income)1: 651.74p markets which may be less developed. Share price: 664.00p Compared to more established economies, the value of investments may be subject to Premium to NAV (including income): 1.9% greater volatility due to increased uncertainty Premium to NAV (including income)1: 1.9% as to how these markets operate. -
Ab UBS Fiduciary Trust Company Collective Investment Trust For
ab UBS Fiduciary Trust Company Collective Investment Trust for Employee Benefit Plans Portfolio Disclosure Document Relative Value Portfolio Objective b. Obligations of U.S. banks or savings and loan To generate a total return in excess of the associations (including certificates of deposit Benchmark over a full market cycle. and bankers’ acceptances) which are fully insured by the Federal Deposit Insurance Benchmark Corporation; and S&P 500® Index c. Commercial paper or variable amount master Method notes issued by companies which, at the time To invest in equity securities that appear to have of purchase, have an issue of outstanding solid future growth potential across the broad debt securities rated as “investment grade” market capitalization ($1 billion and greater) by Standard & Poor’s Ratings Group (“S&P”) while diversifying the Portfolio across economic (BBB- or better) or Moody’s Investor Services sectors and industries. Typically, the Portfolio will Inc. (“Moody’s”) (Baa3 or better) or invest in companies with better earnings growth, commercial paper rated A-1 by S&P or balance sheet and shareholder value P-1 by Moody’s, with split-rated securities characteristics than the benchmark. considered to have the lower credit rating; Permissible Investments 4. Shares of a registered investment company that The Portfolio may invest in: has an investment objective consistent with the overall investment objectives of the Portfolio. In 1. Common stock, American Depositary the event the Trustee purchases shares of a Receipts (“ADRs”), Real Estate Investment registered investment company sponsored by the Trusts (“REITs”) and other securities that are Adviser or an affiliate of the Adviser, the Trustee traded on a recognized U.S. -
Mutual Fund Observer
Osterweis Strategic Investment Fund (OSTVX) David Snowball, Publisher This essay first appeared in the May 2021 issue of Mutual Fund Observer In celebration of the May 2021 10th anniversary of the Mutual Fund Observer, we are examining the achievements, a decade on, to the four funds highlighted in our first-ever issue. The Osterweis Strategic Investment Fund, which we categorized as a “most intriguing new fund” back then remains an under-covered gem. A “star in the shadows.” What they do Osterweis starts with a strategic allocation that’s 50% equities and 50% bonds. In bull markets, they can increase the equity exposure to as high as 75%. In bear markets, they Because they don’t like can drop it to as low as 25%. Their argument is that “Over long periods of time, we believe a static balanced allocation of 50% equities and 50% fixed income has the potential to playing by other provide investors with returns rivaling an equity-only portfolio but with less principal risk, lower volatility, and greater income.” Because they don’t like playing by other people’s people’s rules, the rules, the Osterweis team does not automatically favor intermediate-term, investment grade bonds in the portfolio. Since 2017, the fund’s equity exposure has ranged from Osterweis team does about 60–70%. not automatically How they’ve done favor intermediate- Over the past decade, the fund has averaged 9% annual returns, which does match the “equity-like” promise, at least if you use the stock market’s long-term average of about term, investment 10% per year. -
Schroder Singapore Trust Prospectus Dated: 17 June 2021 Valid Till: 16 June 2022
Schroder Singapore Trust Prospectus Dated: 17 June 2021 Valid till: 16 June 2022 SCHRODER SINGAPORE TRUST PROSPECTUS SCHRODER SINGAPORE TRUST Directory MANAGERS Schroder Investment Management (Singapore) Ltd 138 Market Street #23-01 CapitaGreen, Singapore 048946 Company Registration No.: 199201080H TRUSTEE HSBC Institutional Trust Services (Singapore) Limited 10 Marina Boulevard Marina Bay Financial Centre Tower 2, #48-01 Singapore 018983 Company Registration No.: 194900022R BOARD OF DIRECTORS OF THE MANAGERS Susan Soh Shin Yann Wong Yoke Lin Martina Chong Siok Chian Grace Diao Wei Chien Roy Lily Choh Chaw Lee Hsieh, Cheng-Huang Hackett Marcus AUDITORS PricewaterhouseCoopers LLP 7 Straits View, Marina One East Tower, Level 12 Singapore 018936 SOLICITORS TO THE MANAGERS Clifford Chance Pte. Ltd. 12 Marina Boulevard 25th Floor, Tower 3 Marina Bay Financial Centre Singapore 018982 SOLICITORS TO THE TRUSTEE Shook Lin & Bok LLP 1 Robinson Road #18-00 AIA Tower Singapore 048542 i SCHRODER SINGAPORE TRUST Important Information Schroder Investment Management (Singapore) Ltd (the "Managers"), the managers of the Schroder Singapore Trust (the "Trust"), accepts full responsibility for the accuracy of the information contained in this Prospectus and confirms, having made all reasonable enquiries, that to the best of its knowledge and belief, there are no other facts the omission of which would make any statement herein misleading in any material respect. You, as the investor, should refer to the relevant provisions of the trust deed relating to the Trust (as may be amended, supplemented or modified from time to time) (the "Deed") and obtain professional advice if there is any doubt or ambiguity relating thereto. -
About EFAMA Publications Research and Statistics
Our site uses cookies so that we can remember you andR uensdeet Prsatsasnwdo rhdo wS iygon uIn use oSuera rschit eth.i sP sliteease read our cookies policy and privacy statement. By clicking OK, you accept our cookie and privacy policy. OK EFAMA Home About EFAMA Publications Research and Statistics About EFAMA Board of Directors (June 2019) EFAMA Secretariat Country Name Association/Company City Board of Directors President Nicolas CALCOEN Amundi AM PARIS Annual Reports V ice President M yriam VANNESTE Candriam Investor Group B RUSSELS Applying for Membership V ice President J arkko SYYRILÄ Nordea Wealth Management HELSINKI EFAMA Members Austria VÖIG VIENNA National Member Associations Armin KAMMEL Austrian Association of Investment Fund Management Companies Corporate Members Belgium Josette LEENDERS BEAMA BRUSSELS Associate Members Belgian Asset Managers Association Disclaimer Bulgaria Petko KRUSTEV BAAMC SOFIA Bulgarian Association of Asset Management Companies Contact C roatia Hrvoje KRSTULOVIĆ C roatian Association of Investment Fund Management Companies EFAMA ZAGREB 47 Rue Montoyer 1000 Brussels C yprus M arios TANNOUSIS C yprus Investment Funds Association N ICOSIA + 32 (0)2 513 39 69 Czech Republic Jana BRODANI AKAT CR PRAGUE + 32 (0)2 513 26 43 Czech Capital Market Association Contact Us Denmark Birgitte SØGAARD HOLM DIA COPENHAGEN Danish Investment Association Route & Details Finland Jari VIRTA The Finnish Association of Mutual Funds HELSINKI Click France Pierre BOLLON AFG PARIS for French Asset Management Association -
M&G High Income Investment Trust P.L.C
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about the action to be taken, you are recommended to immediately consult your stockbroker, bank manager, solicitor, accountant or other financial adviser who is authorised under the Financial Services and Markets Act 2000. If you have sold or otherwise transferred all of your Zero Dividend Shares, Income Shares, Capital Shares, Income & Growth Units or Package Units in M&G High Income Investment Trust P.L.C. (the “Company”), you should pass this document, together with the accompanying documents, but not any accompanying personalised Forms of Proxy or Forms of Election, as soon as possible to the person through whom the sale or transfer was effected for transmission to the purchaser or transferee. However, such documents should not be forwarded in or into the United States, Canada, Australia or Japan or into any other jurisdictions if to do so would constitute a violation of the relevant laws and regulations in such other jurisdictions. Shareholders and Unitholders who are resident in, or citizens of, territories outside the United Kingdom, the Channel Islands and the Isle of Man should read the section headed “Overseas Holders” in Part II of this document. Winterflood Securities Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting for the Company and no one else in relation to the contents of this document and will not be responsible to anyone other than the Company for providing the protections offered to customers of Winterflood Securities Limited or for providing advice in relation to the contents of this document or any transaction referred to herein or any other transaction or matter in relation to the arrangements set out herein. -
Schroder European Real Estate Investment Trust
Key Information Document Purpose This document provides you with key information about this investment product. It is not marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other products. Schroder European Real Estate Investment Trust plc Ordinary shares (ISIN: GB00BY7R8K77) This product is listed on the London Stock Exchange, and the Johannesburg Stock exchange, and is governed by its Board of Directors. The Board has appointed Schroder Real Estate Investment Management Limited as its investment manager and accounting agent and to prepare this Key Information Document. Schroder Real Estate Investment Management Limited is a member of the Schroders Group and is authorised and regulated by the Financial Conduct Authority (FCA). For more information on this product please refer to https://www.schroders.com/en/uk/private-investor/fund-centre/funds-in-focus/investment-trusts/schroders-investment-trusts/schroder- european-real-estate-investment-trust or call one of our Investor Services team on 0800 718 777. This document was published on 9th March 2021. What is this product? Type This is a closed-ended investment company incorporated in The Company is valued with reference to the net asset value of the England and Wales that qualifies as an investment trust. underlying assets. Shares in the Company are traded on the London Stock Exchange and Johannesburg Stock Exchange and Investment objective are bought and sold in the market. Typically, at any given time, on The investment objective of the Company is to provide any given day, the price you pay for a share will be higher than the shareholders with a regular and attractive level of income return price at which you could sell it. -
The Cost of Equity Capital for Reits: an Examination of Three Asset-Pricing Models
MIT Center for Real Estate September, 2000 The Cost of Equity Capital for REITs: An Examination of Three Asset-Pricing Models David N. Connors Matthew L. Jackman Thesis, 2000 © Massachusetts Institute of Technology, 2000. This paper, in whole or in part, may not be cited, reproduced, or used in any other way without the written permission of the authors. Comments are welcome and should be directed to the attention of the authors. MIT Center for Real Estate, 77 Massachusetts Avenue, Building W31-310, Cambridge, MA, 02139-4307 (617-253-4373). THE COST OF EQUITY CAPITAL FOR REITS: AN EXAMINATION OF THREE ASSET-PRICING MODELS by David Neil Connors B.S. Finance, 1991 Bentley College and Matthew Laurence Jackman B.S.B.A. Finance, 1996 University of North Carolinaat Charlotte Submitted to the Department of Urban Studies and Planning in partial fulfillment of the requirements for the degree of MASTER OF SCIENCE IN REAL ESTATE DEVELOPMENT at the MASSACHUSETTS INSTITUTE OF TECHNOLOGY September 2000 © 2000 David N. Connors & Matthew L. Jackman. All Rights Reserved. The authors hereby grant to MIT permission to reproduce and to distribute publicly paper and electronic (\aopies of this thesis in whole or in part. Signature of Author: - T L- . v Department of Urban Studies and Planning August 1, 2000 Signature of Author: IN Department of Urban Studies and Planning August 1, 2000 Certified by: Blake Eagle Chairman, MIT Center for Real Estate Thesis Supervisor Certified by: / Jonathan Lewellen Professor of Finance, Sloan School of Management Thesis Supervisor -
Manulife Diversified Investment Fund1 BALANCED Series F · Performance As at August 31, 2021 · Holdings As at July 31, 2021
Manulife Diversified Investment Fund1 BALANCED Series F · Performance as at August 31, 2021 · Holdings as at July 31, 2021 Portfolio advisor: Manulife Investment Why Invest Management Limited This global balanced fund provides diversification across all major asset classes and employs a tax-effective overlay strategy to help minimize potential capital gains distributions at year-end. The equity selection process is based on Mawer's disciplined, fundamentally based bottom-up research process, which includes a strong focus on downside protection. Sub-Advisor: Mawer Investment Within fixed income, the fund will take a core position in Canadian government debt. Management Ltd. Growth of $10,000 over 10 years5 Management 32,000 $27,462 Steven Visscher 28,000 24,000 ($) 20,000 Fund Codes (MMF) 16,000 12,000 Series FE LL2 LL3 DSC Other 8,000 Advisor 4502 — 4702 4402 — 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Advisor - DCA 24502 — 24702 24402 — F — — — — 4602 FT6 — — — — 1901 Calendar Returns (%) T6 9502 — 9702 9402 — 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 1.99 11.10 20.29 12.56 10.85 3.57 10.33 -0.75 15.62 10.44 Key Facts Inception date: June 27, 2008 Compound Returns (%) AUM2: $914.91 million 1 month 3 months 6 months YTD 1 year 3 years 5 years 10 years Inception CIFSC category: Global Equity Balanced 2.25 7.00 10.16 8.62 14.06 9.65 8.60 10.36 8.80 Investment style: GARP (%) (%) 3 Geographic Allocation Fixed Income Allocation Distribution frequency : Annual Colour Weight % Name Colour Weight % Name 51.31 Canada 46.96 Canadian provincial bonds 4 Distribution yield : 1.59% 21.91 United States 29.22 Canadian investment grade Management fee: 0.73% 5.17 United Kingdom bonds 2.49 Japan 10.84 Canadian government bonds Positions: 386 1.98 Sweden 6.72 Floating rate bank loans Risk: Low to Medium 1.96 Netherlands 2.50 Canadian corporate bonds 1.95 Switzerland 2.31 Canadian Mortgage-backed Low High 1.85 France securities MER: 1.03% (as at 2020/12/31, includes HST) 1.46 Ireland 1.10 U.S. -
INVESTMENT FUND SUMMARY July 2021
Investment Plan INVESTMENT FUND SUMMARY July 2021 Florida Retirement System July 2021 Florida Retirement System Build an Investment Portfolio That’s Right for You As an Investment Plan member, you get to choose how your account balance is invested. This brochure can help by making it easy for you Annual Fee Disclosure to understand and compare the Investment Plan funds available to you. On the following pages, you’ll find brief summaries of each fund, Statement Notice including the fund’s investment manager, objective, type, strategy, risk The Annual Fee Disclosure level, fees, and performance history. Statement for the Investment Plan provides information Get Help Choosing Investments concerning the Investment If you’d like help choosing investment funds, be sure to check out these Plan’s structure, administrative resources available to you as a member of the FRS. These services are and individual expenses, and confidential, unbiased, and completely FREE. investment funds, including performance, benchmarks, MyFRS Financial Guidance Line fees, and expenses. This statement is designed to set 1-866-446-9377 (TRS 711) forth relevant information in 8:00 a.m. to 6:00 p.m. ET simple terms to help you make Monday through Friday, except holidays better investment decisions. Call to speak with an experienced EY financial planner. These planners The statement is available work for you and they can help with any issue you think is important to online in the “Investment your financial future. Choose Option 2 for detailed information about all Funds” section on MyFRS.com, the investment funds. or you can request a printed copy be mailed at no cost MyFRS.com to you by calling the MyFRS This is your gateway to tools and information about your FRS Financial Guidance Line at retirement plan. -
Introduction and Overview of 40 Act Liquid Alternative Funds
Introduction and Overview of 40 Act Liquid Alternative Funds July 2013 Citi Prime Finance Introduction and Overview of 40 Act Liquid Alternative Funds I. Introduction 5 II. Overview of Alternative Open-End Mutual Funds 6 Single-Manager Mutual Funds 6 Multi-Alternative Mutual Funds 8 Managed Futures Mutual Funds 9 III. Overview of Alternative Closed-End Funds 11 Alternative Exchange-Traded Funds 11 Continuously Offered Interval or Tender Offer Funds 12 Business Development Companies 13 Unit Investment Trusts 14 IV. Requirements for 40 Act Liquid Alternative Funds 15 Registration and Regulatory Filings 15 Key Service Providers 16 V. Marketing and Distributing 40 Act Liquid Alternative Funds 17 Mutual Fund Share Classes 17 Distribution Channels 19 Marketing Strategy 20 Conclusion 22 Introduction and Overview of 40 Act Liquid Alternative Funds | 3 Section I: Introduction and Overview of 40 Act Liquid Alternative Funds This document is an introduction to ’40 Act funds for hedge fund managers exploring the possibilities available within the publically offered funds market in the United States. The document is not a comprehensive manual for the public funds market; instead, it is a primer for the purpose of introducing the different fund products and some of their high-level requirements. This document does not seek to provide any legal advice. We do not intend to provide any opinion in this document that could be considered legal advice by our team. We would advise all firms looking at these products to engage with a qualified law firm or outside general counsel to review the detailed implications of moving into the public markets and engaging with United States regulators of those markets. -
Management Alert
Management Alert New Commodity Pool Rules May Require Immediate Action by 401(k) Plans New regulations adopted in 2012 by the Commodity Futures Trading Commission (“CFTC”) may require 401(k) plans that had previously registered as exempt from CFTC regulation to renew their exemption on an annual basis, with the first renewal being due by March 1. In addition, some plans which have not previously registered may need to do so. In addition to traditional agricultural commodities, the CFTC regulates financial futures, including the type of futures contracts often used for hedging purposes by stock and bond funds. Under the CFTC rules, any investment fund that invests in futures contracts is potentially classified as a “commodity pool”, and any person engaged in the operation of a commodity pool may be considered a “commodity pool operator”, required to be registered with and regulated by the CFTC. A 401(k) investment fund whose advisers use futures as part of their trading strategy (other than solely through investment in a mutual fund) could be considered a “commodity pool” under this definition, which would make the fiduciaries of the 401(k) plan subject to regulation as commodity pool operators. The CFTC regulations provide that the fiduciaries of a retirement plan subject to ERISA are generally exempt from registration as commodity pool operators. However, if the plan provides for employee contributions, such as a 401(k) plan, the plan fiduciaries are required to file a statement with the CFTC claiming the exemption. Prior to 2012, this was a one-time filing. However, in 2012 the CFTC changed the regulations to require any person claiming an exemption from regulation to file an annual statement within 60 days after the end of each year confirming that it still qualifies for the exemption.