Frequently Asked Questions

 

 

 

What is the Cordros Dollar Fund?
The Cordros Dollar Fund (The fund) is an actively managed open-ended unit trust scheme whose main objective is to achieve capital appreciation in the medium to long term for Investors with USD. The Fund shall manage the asset allocation in Sovereign Eurobonds, Corporate Eurobonds, money market instruments and other quoted corporate Eurobonds. Returns from Eurobonds will be accumulated as income and distributed periodically as stated in the Trust Deed. The income from investing this fund by way of dividends and cash would be accumulated and reflected in its unit price.

 

What are the benefits of investing in the Fund?
The fund will deliver capital appreciation in the medium to long term for investors with USD and also significantly higher returns than what is obtainable from the average domiciliary account in the local banks. The fund will also give investors liquidity, diversification, annual income and professional portfolio management.

 

Who will manage the Cordros Dollar a Fund?
The Cordros Dollar Market Fund will be managed by Cordros Asset Management Limited, a wholly owned subsidiary of Cordros Capital Limited, currently licensed by the Securities & Exchange Commission as a fund/portfolio management company. Since incorporation, The Fund Manager has demonstrated competence in managing clients' investment needs with its range of products and services.

 

What is the Issue Price?
The issue price is USD100 per unit.

 

How much can I invest in the Fund?
The minimum initial investment for the offer is 5 units of the fund while additional/subsequent investments will be issued in multiples of 5 units and payable in full upon subscription.

 

What is the Minimum Holding Period for the Fund?
The Minimum holding period of an investment in the fund is 180 days (6 months) from the date of subscription. However, an early redemption fee of 1.5% on the redemptive value of the units to be redeemed before the expiration of the minimum investment period.

 

How do interested investors subscribe to the Fund?
Interested Investors can subscribe to Units of the Fund after the initial offering period from the Fund Manager or any of its designated agents/representatives or through any medium that may be approved and provided by the Fund Manager from time to time. Payment for Units of the Fund can be made via a wire transfer made in accordance with instructions on the subscription form.

 

What will I receive as evidence of my investment in the Fund?

Every Unit-Holder shall be entitled to a Statement of Unit Holding, in respect of the number of units held by him/her as specified on such documents. Joint Unit Holders shall be entitled to one statement in respect of the units held jointly by them which shall be delivered to the joint holder whose name first appears on the Register.

 

How do I monitor my investment in the Fund?

Unit Holders can visit the Fund Manager's website at www.assetmanagement.cordros.com to monitor end-of-day market prices of the Fund. Also, you can track your investments from our

A Cordros PortfolioLive account which would be created for every investor.

 

What is the Fund's Asset Allocation?

The fund would invest its total assets in Sovereign Eurobonds, Corporate Eurobonds, Money Market Instruments and Cash as stated below:

Proposed Asset Class

Asset Allocation Range

Target Weighting (%)

Sovereign Eurobonds

0% - 80%

50%

Corporate Eurobonds

0% - 80%

30%

Money Market Instruments

0% - 50%

15%

Cash

0% - 5%

5%