Lloyds TSB Offshore Euro High Income Fund

Offshore Trusts

ManCo List

Funds by Name

Funds by Category

Word Search

FAQ

Lloyds TSB Offshore Euro High Income Fund

Lloyds TSB Offshore Euro High Income Fund

Lloyds TSB Offshore Fund Managers Limited
	Lloyds TSB Offshore Euro High Income Fund
		News
		Sectorial Portfolio Structure(Semi-Annual Comparison)

Price

Ranking

Sector:	Europe-Fixed Interest-Bond
Size:	(EUR) 14 980 000

Sector Rank:	2 out of 3
(lump sum over 3 years to 30 Apr 2010)

Overall Rank:	48 out of 180
(lump sum over 3 years to 30 Apr 2010)

R20000 invested on 30 Apr 2007 was worth R21 623 at 30 Apr 2010
(2.64% annual compound return)

R5000 per month since 30 Apr 2007 was worth R181 281 at 30 Apr 2010
(0.46% annual return compounded monthly)

Please note that offshore fund performance figures are calculated from NAV prices (ie, equivalent to sell-to-sell) and therefore not directly comparable to domestic fund performance figures on this site.

Focus and Objective

To maintain a high income through investment in a spread of fixed interest securities denominated predominately in Euro

The investment policy will be directed to supporting the payment of dividends above the level of short term Euro interest rates. This policy will result in a gradual reduction in the capital value of the Shares, except when bond prices generally are rising. The Fund will normally hold a relatively wide range of securities in order to keep a low level of exposure to individual bond issues other than government securities. The Fund may also hold a substantial part of its assets in bank deposits and money market instruments from time to time.

The Fund is permitted to invest in securities denominated in currencies other than Euro. The current policy of the Directors is that any such investments in non-Euro denominated securities should be fully hedged against the Euro to eliminate the effects of any exchange rate movements.

Technical Overview
Benchmark:	n/a
Base currency:	EUR	Minimum lump sum:	�5 000
Domicile:	Jersey	Minimum monthly:	�100
Formation date:	02 Oct 2006	Pricing system:	Forward
Management fee (p.a.):	0.88%