Morula Bond Fund
- Investment Objectives:
-
The Fund aims to provide investors with income and capital growth by investing in Botswana Fixed Income and Cash, outperform the Botswana Bond Index over a rolling three year period.
- Fund Investment Strategy:
-
The Fund aims to generate income and capital gains by investing in interest earning financial instruments such as fixed deposits, money market securities and bonds.
- Risk Profile:
-
Medium Risk
- The Morula Bond Fund is suitable for the following investors:
- Pick A Different Fund
General Fund Information
Fund Inception Date
Dec-2022
Asset Class
Domestic Fixed Income
Fund Class
Class R
Benchmark
BSE Bond Index
Income Distribution
N/A
ISIN Code
BW0000003052
NAV Price
118.88 thebe
Investment Minimums
Initial Lump Sum
P1,000
Additional Lump Sum
P200
Monthly Debit Order
P200
Latest Factsheet
HISTORICAL REPORTS
Select a date to download historical reports for this Fund.
Fund Performance
Fund Overview
Fund Fees
Asset Allocation
PERFORMANCE
* Fund performance is reported net of fees
GROWTH OF P1,000 INVESTED SINCE INCEPTION (AFTER FEES)
MBF
Benchmark
FUND FEES
| FEE TYPE | PERCENTAGE (%) |
|---|---|
| Investment Management | 1.00% |
| Other Fees | 0.31% |
| TER (incl. VAT) | 1.50% |
ASSET ALLOCATION
Bonds & Fixed Deposits
Cash
Disclosure and General Information
Morula Unit Trusts are regulated by the Non-Bank Financial Institutions Regulatory Authority (NBFIRA). Investments are subject to risk, including the possible loss of the principal amount invested. Before investing in any Fund, you should consider your risk appetite, investment objectives, and investment solution. Potential investors are advised to consult their asset consultant, financial advisor, or other professional experts about the contents of this document.
Investors should be aware that past performance is not an indicator of future performance. Performance figures are gross of fees, except where stated otherwise. Performance figures for periods greater than twelve months are annualized. All the data shown is as at the end of the month.
The information provided in this report should not be interpreted as investment advice. All views are subject to change without notice. All
reasonable care and diligence have been taken in providing the
information in this report. Nonetheless, Morula Capital Partners makes
no warranty on the accuracy or completeness of the information
provided.
The Fund permissible fees are investment management fees, Fund administration, brokerage, regulatory levies, auditor’s fees, custody and trustee, and bank fees inclusive of VAT. Financial advisory services and fees are contracted directly between the investor and advisor.
The prospectus and application forms are available, free of charge, to interested investors at the registered office address of the Investment Manager, or click on this link to download the prospectus.
Fund Fees & Costs
There are no charges for investing in or withdrawing from the Fund.
Investment management fees are 1.00% (ex VAT) per annum, which are charged on the net asset value of the Fund.
In addition to investment management fees, the Fund pays out of the net assets of the Fund costs associated with managing the Fund. These include management fees, administration costs, custody fees, trustee fees, trading fees, audit fees, and other operational expenses.
Total Expense Ratio (TER) is a measure of the total costs associated with managing and operating an investment Fund. The Fund TER is 1.50% per annum plus applicable Value Added Tax (VAT).
Interest payments to residents are subject to 10% WHT and interest payable by a Botswana resident to a non-resident is subject to 15% WHT. Interest income for any resident individual accruing from any banking institution or building society in Botswana is exempt from tax up to a limit of BWP 7,800 per annum.