Samaan Tree Fund
An Open-end Mutual Fund
About the Fund
The Samaan Tree Fund (STF) is an open-end mutual fund with a variable net asset value (NAV) per unit.
Offering a total investment return with safety of capital by investing primarily in a portfolio of residential mortgages. The interest income earned on the portfolio will meet the income distribution of the Fund.
Key Features
Competitive Returns
Convenience via optional monthly standing order
Property investment without owning a property
Product Details
Type of Investment
Open Ended – Mutual Fund
Joint Account
Permissible
Beneficiaries
Permissible
Fund Returns
Fund returns are variable with dividends paid quarterly. Please contact Home Mortgage Bank to discuss the Fund’s returns.
Payment Options
Electronic Banking (LINX), Cheques, Salary Deductions, Standing Orders
Charges
Nil.
Dividend Payment Options
a. Reinvested quarterly, or
b. Dividend credited electronically to your bank account quarterly.
Statements
Quarterly, Semi Annually, or Annually.
Investment Strategy
Funds invested in a portfolio of prime residential mortgages
Minimum Investment
TT$500.00
Notice to Withdraw
Nil. Redemption cheques are prepared immediately upon request. Cheques are payable to the
investor.
