AIM Multi Asset Trust Fund
AIM Multi-Asset Trust consists of both equity and fixed income securities. Additional units in the Trust will be created and purchased by subscribers on an ongoing basis with a price computed in accordance with the terms of the scheme’s particulars. The Trust will reinvest all investment income earned or received. Investors in the Trust will benefit from capital appreciation of the unit price. The Trustee of the Trust is vested with all the assets of the Trust as mandated by law to protect the interest of investor
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Asset Allocation and Fees
Permissible Investment / Asset Allocation
Under normal market conditions, the Fund shall hold a mix of money market securities including the following.
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Statutory Entity Bills and Bonds
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Foreign Government Treasuries and Bonds
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Bank Certificates of Deposits/Fixed Deposits
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Corporate Bonds and Debt Obligations
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Bankers’ Acceptances
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Repurchase Agreements
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Money Market Funds, and
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Commercial Papers
Subscription Fee | Target Allocation | Range | Range |
|---|---|---|---|
Fixed Income Securities | 70% | ±10% | ±20% |
Money Market Securities | 20% | ±20% | ±20% |
Cash and Cash Equivalent | 10% | ±20% | ±10% |
Income Distribution Policy
The scheme reinvests all its investment income. Therefore, dividends are not declared nor distributed. Investors in the scheme benefit from a growth in the net asset value of each unit/share of the scheme they hold.
Asset Allocation and Fees
The trust’s policy of investing in listed stocks and income-oriented securities, and other policies and percentage limitations outlined in the trust’s scheme particulars are not fundamental policies or investment restrictions as they can be changed by the trustee on the advice of the manager.
In addition to the foregoing restrictions, the trust may be subject to investment limitations, portfolio diversification requirements, and other restrictions imposed by the laws of Ghana.
Securities | Target Allocation | Range |
|---|---|---|
Fixed Income Securities | 60% | ±30% |
Listed Equities or Unlisted Equities | 40% | ±30% |
Asset Allocation and Fees
The trust’s policy of investing in listed stocks and income-oriented securities, and other policies and percentage limitations outlined in the trust’s scheme particulars are not fundamental policies or investment restrictions as they can be changed by the trustee on the advice of the manager.
In addition to the foregoing restrictions, the trust may be subject to investment limitations, portfolio diversification requirements, and other restrictions imposed by the laws of Ghana.
Income or Dividend Distribution Policy
The Trust reinvests all its investment income. Therefore, dividends are not declared nor distributed. As such, individual investors benefit from a growth in the net asset value of each unit/share of the trust they hold.
Front and Exit Load Fees:
Securities | Target Allocation | Range |
|---|---|---|
Income or Dividend Distribution Policy
The Trust reinvests all its investment income. Therefore, dividends are not declared nor distributed. As such, individual investors benefit from a growth in the net asset value of each unit/share of the trust they hold.
Front and Exit Load Fees:
Overview
Investment Objective and Policies
The Fund aims to provide income, growth and preservation of capital for shareholders. The Fund seeks to achieve this by investing primarily in Ghanaian quality short-term debt obligations.
Fund Category: Balanced Fund
Fund Type: Open-ended Mutual Fund
Inception Date: January 2014
Fund Manager: Ashfield Investment Managers Limited (“Ashfield” or “AIM”)
Place of Business: 18 Noi Fetreke Street, West Airport
Management Fees: 2.00% of the Net Asset Value of the Fund
Trustee Fees: 0.65% of the Net Asset Value of the Fund
Minimum Deposit: GHS 20.00
Regular Deposit: GHS 20.00
Acknowledgement of Risk
Equity and fixed income securities carry certain risks and special considerations. The value of the trust’s assets can be adversely affected by the fiscal and monetary conditions affecting geographical locations where the scheme’s assets are domiciled.
As a result of the risk considerations, it cannot be guaranteed that the fund will achieve its investment objectives. However, the Manager will seek to always preserve the value of your investment.
Limitations on Investment
-
Except with the prior approval of the SEC, the Manager will not undertake the following on behalf of the Trust and observes the following restrictions:
-
Invest in commodities, future, or options.
-
Invest more than 10% of the net asset value of the scheme in any type of real estate companies or companies that have engaged in real estate investment activities.
-
Invest more than 25% of the net asset value of the scheme in securities issued by a single issuer.
-
Invest more than 10% of the net asset value of the scheme in any particular class of securities issued by a single issuer.
-
Invest more than 10% of the net asset value of the scheme in other collective investment schemes.
-
Invest more than 15% of the total net asset value of the scheme in securities not listed or quoted on an authorized stock exchange.
-
Purchase securities on margin, except that may be necessary for the clearance of purchases and sales of securities constituting or to be included in the assets of the scheme.
-
Make any investment that will result in the manager, trustee, or the scheme gaining management control of a company in which the investment has been made.
-
Make short sales of securities or maintain a short position.
-
Acquire any securities which are unpaid or partly paid for.
-
Apply any part of the assets of the scheme in the acquisition of an investment that is likely to involve the scheme in any liability, contingent or otherwise.
-
Enter underwriting or sub-underwriting contracts in relation to the subscription or purchase of any investment; or
-
Invest in any securities of a class in a company or other body if any officer or collective officer of the manager of the scheme owns more than 5% of the total nominal amount of the securities of that class issued by the company or body.
-
However, changes in prices of securities or properties may result in the above restrictions being affected. The fund manager will take immediate steps to correct any breaches of the investment restrictions brought about by changes in the prices of securities.
Asset Allocation and Fees
The trust’s policy of investing in listed stocks and income-oriented securities, and other policies and percentage limitations outlined in the trust’s scheme particulars are not fundamental policies or investment restrictions as they can be changed by the trustee on the advice of the manager.
In addition to the foregoing restrictions, the trust may be subject to investment limitations, portfolio diversification requirements, and other restrictions imposed by the laws of Ghana.
Securities | Target Allocation | Range |
|---|---|---|
Income or Dividend Distribution Policy
The Trust reinvests all its investment income. Therefore, dividends are not declared nor distributed. As such, individual investors benefit from a growth in the net asset value of each unit/share of the trust they hold.
Front and Exit Load Fees:
Other Parties to the Fund and their Addresses
Asset Allocation and Fees
The trust’s policy of investing in listed stocks and income-oriented securities, and other policies and percentage limitations outlined in the trust’s scheme particulars are not fundamental policies or investment restrictions as they can be changed by the trustee on the advice of the manager.
In addition to the foregoing restrictions, the trust may be subject to investment limitations, portfolio diversification requirements, and other restrictions imposed by the laws of Ghana.
Securities | Target Allocation | Range |
|---|---|---|
Income or Dividend Distribution Policy
The Trust reinvests all its investment income. Therefore, dividends are not declared nor distributed. As such, individual investors benefit from a growth in the net asset value of each unit/share of the trust they hold.
Front and Exit Load Fees:
Subscription Fee | None | Manual sort |
|---|---|---|
Redemption fee after 3 years | 6 | |
Redemption fee within 3 years | 58 | |
Redemption fee within 2 years | 5 | |
Redemption fee within 1 year | 4 |
Overview
Investment Objective and Policies
The Fund aims to provide income, growth and preservation of capital for shareholders. The Fund seeks to achieve this by investing primarily in Ghanaian quality short-term debt obligations.
Fund Category: Balanced Fund
Fund Type: Open-ended Mutual Fund
Inception Date: January 2014
Fund Manager: Ashfield Investment Managers Limited (“Ashfield” or “AIM”)
Asset Allocation and Fees
The trust’s policy of investing in listed stocks and income-oriented securities, and other policies and percentage limitations outlined in the trust’s scheme particulars are not fundamental policies or investment restrictions as they can be changed by the trustee on the advice of the manager.
In addition to the foregoing restrictions, the trust may be subject to investment limitations, portfolio diversification requirements, and other restrictions imposed by the laws of Ghana.
Securities | Target Allocation | Range |
|---|---|---|
Fixed Income Securities | 60% | ±30% |
Listed Equities or Unlisted Equities | 40% | ±30% |
Income or Dividend Distribution Policy
The Trust reinvests all its investment income. Therefore, dividends are not declared nor distributed. As such, individual investors benefit from a growth in the net asset value of each unit/share of the trust they hold.
Front and Exit Load Fees:
Asset Allocation and Fees
The trust’s policy of investing in listed stocks and income-oriented securities, and other policies and percentage limitations outlined in the trust’s scheme particulars are not fundamental policies or investment restrictions as they can be changed by the trustee on the advice of the manager.
In addition to the foregoing restrictions, the trust may be subject to investment limitations, portfolio diversification requirements, and other restrictions imposed by the laws of Ghana.
Income or Dividend Distribution Policy
The Trust reinvests all its investment income. Therefore, dividends are not declared nor distributed. As such, individual investors benefit from a growth in the net asset value of each unit/share of the trust they hold.
Front and Exit Load Fees:
Securities | Target Allocation | Range |
|---|---|---|
Asset Allocation and Fees
The trust’s policy of investing in listed stocks and income-oriented securities, and other policies and percentage limitations outlined in the trust’s scheme particulars are not fundamental policies or investment restrictions as they can be changed by the trustee on the advice of the manager.
In addition to the foregoing restrictions, the trust may be subject to investment limitations, portfolio diversification requirements, and other restrictions imposed by the laws of Ghana.
Securities | Target Allocation | Range |
|---|---|---|
Fixed Income Securities | 60% | ±30% |
Listed Equities or Unlisted Equities | 40% | ±30% |
Overview
Investment Objective and Policies
The Fund aims to provide income, growth and preservation of capital for shareholders. The Fund seeks to achieve this by investing primarily in Ghanaian quality short-term debt obligations.
Fund Type: Open-ended Mutual Fund
Fund Category: Money Market Fund
Limitations on Investment
The Manager shall observe the following investment restrictions under normal market conditions. The Gold Money Market Fund shall not:
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Invest in common stocks or other equity securities
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Buy or sell options
-
Buy securities on margin, mortgage or pledge securities, or engage in short sales
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Act as underwriter of securities issued by others
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Issue debt securities
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Invest more than 10% of its total assets in securities of any single issuer except for the Ghana Government, its agencies or instruments
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Lend money, except in connection with repurchase agreements and for investments made in accordance
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Except with prior approval of SEC, enter into hedging transactions
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Purchase or otherwise acquire any investment in which the liabilities of the holder is unlimited
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Invest in precious metals or certificates representing them
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Invest in companies for the purpose of exercising control
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Purchase real estate, nor acquire any options, rights or interest in respect thereof provided that the Fund may invest in securities secured by real estate or in securities of companies investing in real estate
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Invest more than 20% of its total net assets at the time of borrowing and only for liquidity purposes.
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Borrow more than 10% of the total net assets of the Fund at the time of borrowing and only for liquidity purposes.
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nvest more than 10% of the total net asset value of the Fund in schemes managed by the Manager.
Inception Date: January 2014
Fund Manager: Ashfield Investment Managers Limited (“Ashfield” or “AIM”)
Place of Business: 18 Noi Fetreke Street, West Airport
Management Fees: 2.00% of the Net Asset Value of the Fund
Trustee Fees: 0.65% of the Net Asset Value of the Fund
Minimum Deposit: GHS 20.00
Regular Deposit: GHS 20.00
Subscription Fee | None |
|---|---|
Redemption fee after 3 years | None |
Redemption fee within 3 years | 1.00% |
Redemption fee within 2 years | 2.00% |
Redemption fee within 1 year | 2.50% |
Auditor
AssuranceHub Consult
Address: House No. 704/1462, Forest Avenue, George Bush Motorway.
GPS: GA-157-6218
Trustee
Universal Merchant Bank (Ghana) Limited
Address:
Address SSNIT Emporium Building, Liberation Road, Airport City, Accra, Ghana.
P.O Box GP 401, Accra
Bankers
Universal Merchant Bank (Ghana) Limited
Address SSNIT Emporium Building, Liberation Road, Airport City, Accra, Ghana.
P.O Box GP 401, Accra
Limitations on Investment
-
Except with the prior approval of the SEC, the Manager will not undertake the following on behalf of the Trust and observes the following restrictions:
-
Invest in commodities, future, or options.
-
Invest more than 10% of the net asset value of the scheme in any type of real estate companies or companies that have engaged in real estate investment activities.
-
Invest more than 25% of the net asset value of the scheme in securities issued by a single issuer.
-
Invest more than 10% of the net asset value of the scheme in any particular class of securities issued by a single issuer.
-
Invest more than 10% of the net asset value of the scheme in other collective investment schemes.
-
Invest more than 15% of the total net asset value of the scheme in securities not listed or quoted on an authorized stock exchange.
-
Purchase securities on margin, except that may be necessary for the clearance of purchases and sales of securities constituting or to be included in the assets of the scheme.
-
Make any investment that will result in the manager, trustee, or the scheme gaining management control of a company in which the investment has been made.
-
Make short sales of securities or maintain a short position.
-
Acquire any securities which are unpaid or partly paid for.
-
Apply any part of the assets of the scheme in the acquisition of an investment that is likely to involve the scheme in any liability, contingent or otherwise.
-
Enter underwriting or sub-underwriting contracts in relation to the subscription or purchase of any investment; or
-
Invest in any securities of a class in a company or other body if any officer or collective officer of the manager of the scheme owns more than 5% of the total nominal amount of the securities of that class issued by the company or body.
-
However, changes in prices of securities or properties may result in the above restrictions being affected. The fund manager will take immediate steps to correct any breaches of the investment restrictions brought about by changes in the prices of securities.
Acknowledgement of Risk
Equity and fixed income securities carry certain risks and special considerations. The value of the trust’s assets can be adversely affected by the fiscal and monetary conditions affecting geographical locations where the scheme’s assets are domiciled.
As a result of the risk considerations, it cannot be guaranteed that the fund will achieve its investment objectives. However, the Manager will seek to always preserve the value of your investment.
Other Parties to the Fund and their Addresses
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Fund Category: Money Market Fund
Overview
Investment Objective and Policies
The Fund aims to provide income, growth and preservation of capital for shareholders. The Fund seeks to achieve this by investing primarily in Ghanaian quality short-term debt obligations.
Fund Type: Open-ended Mutual Fund
Inception Date: March 2009
Fund Manager: Ashfield Investment Managers
Limited (“Ashfield” or “AIM”)
Inception Date: March 2009
Place of Business: 18 Noi Fetreke Street, West Airport
Management Fees: 2.50% of the Net Asset Value
Custodian Fees: 0.20% of Assets Under Custody
Minimum Deposit: GHS 10.00
Regular Deposit: GHS 10.00
of the Fund
Subscription Fee | None |
|---|---|
Redemption fee after 3 years | None |
Redemption fee within 3 years | 1.00% |
Redemption fee within 2 years | 2.00% |
Redemption fee within 1 year | 2.50% |
Limitations on Investment
-
Except with the prior approval of the SEC, the Manager will not undertake the following on behalf of the Trust and observes the following restrictions:
-
Invest in commodities, future, or options.
-
Invest more than 10% of the net asset value of the scheme in any type of real estate companies or companies that have engaged in real estate investment activities.
-
Invest more than 25% of the net asset value of the scheme in securities issued by a single issuer.
-
Invest more than 10% of the net asset value of the scheme in any particular class of securities issued by a single issuer.
-
Invest more than 10% of the net asset value of the scheme in other collective investment schemes.
-
Invest more than 15% of the total net asset value of the scheme in securities not listed or quoted on an authorized stock exchange.
-
Purchase securities on margin, except that may be necessary for the clearance of purchases and sales of securities constituting or to be included in the assets of the scheme.
-
Make any investment that will result in the manager, trustee, or the scheme gaining management control of a company in which the investment has been made.
-
Make short sales of securities or maintain a short position.
-
Acquire any securities which are unpaid or partly paid for.
-
Apply any part of the assets of the scheme in the acquisition of an investment that is likely to involve the scheme in any liability, contingent or otherwise.
-
Enter underwriting or sub-underwriting contracts in relation to the subscription or purchase of any investment; or
-
Invest in any securities of a class in a company or other body if any officer or collective officer of the manager of the scheme owns more than 5% of the total nominal amount of the securities of that class issued by the company or body.
-
However, changes in prices of securities or properties may result in the above restrictions being affected. The fund manager will take immediate steps to correct any breaches of the investment restrictions brought about by changes in the prices of securities.
Acknowledgement of Risk
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Equity and fixed income securities carry certain risks and special considerations. The value of the trust’s assets can be adversely affected by the fiscal and monetary conditions affecting geographical locations where the scheme’s assets are domiciled.
As a result of the risk considerations, it cannot be guaranteed that the fund will achieve its investment objectives. However, the Manager will seek to always preserve the value of your investment.
Other Parties to the Fund and their Addresses
Auditor
AssuranceHub Consult
Address: House No. 704/1462, Forest Avenue, George Bush Motorway.
GPS: GA-157-6218
Trustee
Universal Merchant Bank (Ghana) Limited
Address:
Address SSNIT Emporium Building, Liberation Road, Airport City, Accra, Ghana.
P.O Box GP 401, Accra
Bankers
Universal Merchant Bank (Ghana) Limited
Address SSNIT Emporium Building, Liberation Road, Airport City, Accra, Ghana.
P.O Box GP 401, Accra
Fund Category: Money Market Fund
Overview
Investment Objective and Policies
The Fund aims to provide income, growth and preservation of capital for shareholders. The Fund seeks to achieve this by investing primarily in Ghanaian quality short-term debt obligations.
Fund Type: Open-ended Mutual Fund
Inception Date: March 2009
Fund Manager: Ashfield Investment Managers
Limited (“Ashfield” or “AIM”)
Inception Date: March 2009
Place of Business: 18 Noi Fetreke Street, West Airport
Management Fees: 2.50% of the Net Asset Value
Custodian Fees: 0.20% of Assets Under Custody
Minimum Deposit: GHS 10.00
Regular Deposit: GHS 10.00
of the Fund
Asset Allocation and Fees
The trust’s policy of investing in listed stocks and income-oriented securities, and other policies and percentage limitations outlined in the trust’s scheme particulars are not fundamental policies or investment restrictions as they can be changed by the trustee on the advice of the manager.
In addition to the foregoing restrictions, the trust may be subject to investment limitations, portfolio diversification requirements, and other restrictions imposed by the laws of Ghana.
Securities | Target Allocation | Range |
|---|---|---|
Fixed Income Securities | 60% | ±30% |
Listed Equities or Unlisted Equities | 40% | ±30% |
Income or Dividend Distribution Policy
The Trust reinvests all its investment income. Therefore, dividends are not declared nor distributed. As such, individual investors benefit from a growth in the net asset value of each unit/share of the trust they hold.
Front and Exit Load Fees:
Subscription Fee | None | Manual sort |
|---|---|---|
Redemption fee after 3 years | None | 6 |
Redemption fee within 3 years | 1.00% | 58 |
Redemption fee within 2 years | 2.00% | 5 |
Redemption fee within 1 year | 2.50% | 4 |
Limitations on Investment
-
Except with the prior approval of the SEC, the Manager will not undertake the following on behalf of the Trust and observes the following restrictions:
-
Invest in commodities, future, or options.
-
Invest more than 10% of the net asset value of the scheme in any type of real estate companies or companies that have engaged in real estate investment activities.
-
Invest more than 25% of the net asset value of the scheme in securities issued by a single issuer.
-
Invest more than 10% of the net asset value of the scheme in any particular class of securities issued by a single issuer.
-
Invest more than 10% of the net asset value of the scheme in other collective investment schemes.
-
Invest more than 15% of the total net asset value of the scheme in securities not listed or quoted on an authorized stock exchange.
-
Purchase securities on margin, except that may be necessary for the clearance of purchases and sales of securities constituting or to be included in the assets of the scheme.
-
Make any investment that will result in the manager, trustee, or the scheme gaining management control of a company in which the investment has been made.
-
Make short sales of securities or maintain a short position.
-
Acquire any securities which are unpaid or partly paid for.
-
Apply any part of the assets of the scheme in the acquisition of an investment that is likely to involve the scheme in any liability, contingent or otherwise.
-
Enter underwriting or sub-underwriting contracts in relation to the subscription or purchase of any investment; or
-
Invest in any securities of a class in a company or other body if any officer or collective officer of the manager of the scheme owns more than 5% of the total nominal amount of the securities of that class issued by the company or body.
-
However, changes in prices of securities or properties may result in the above restrictions being affected. The fund manager will take immediate steps to correct any breaches of the investment restrictions brought about by changes in the prices of securities.
Acknowledgement of Risk
Equity and fixed income securities carry certain risks and special considerations. The value of the trust’s assets can be adversely affected by the fiscal and monetary conditions affecting geographical locations where the scheme’s assets are domiciled.
As a result of the risk considerations, it cannot be guaranteed that the fund will achieve its investment objectives. However, the Manager will seek to always preserve the value of your investment.
Other Parties to the Fund and their Addresses
Auditor
AssuranceHub Consult
Address :House No. 704/1462, Forest Avenue, George Bush Motorway.
GPS: GA-157-6218
Trustee
Universal Merchant Bank (Ghana) Limited
57, Examination Loop North Ridge, Accra. P.O. Box GP 401 Accra, Ghana
Bankers
Universal Merchant Bank (Ghana) Limited
Address SSNIT Emporium Building, Liberation Road, Airport City, Accra, Ghana.
P.O Box GP 401, Accra