MCB 2035 Target Date Fund

Overview

Fund Type	Open ended
Target Date	June 30, 2035
Launch Date	March 19, 2012
Investment Objective	Depending on its proximity to the Target Date, the Fund will endeavour to achieve the following objectives to varying degrees: growth, income and conservation of capital. The Fund will seek to achieve those investment objectives by investing in a mix local and foreign securities in different combinations and weightings. As the Fund approaches and passes the Target Date, it will increasingly emphasise on income and conservation of capital by investing a greater portion of its assets in bonds or other fixed income securities and high-yielding equities. In this endeavour the Fund will seek to balance the total return and stability over time in light of the Target Date.
Trading Frequency	Weekly, on every Friday
Net Asset Value	MUR 5.9 million
Min. Initial Investment	Equivalent of 100 units
General Asset Mix	Equities: up to 85% Fixed Income: up to 90% Alternative Investments: up to 10%
Main Risk Factors	Market Risk Interest Rate Risk Inflation Risk Economic Risk Emerging Markets Risk Currency Risk Derivatives Risk
Fees	Entry Fee: 0.75%, included in the Issue Price Exit Fee: 0.25%, included in the Repurchase Price Other Fees (calculated on a daily basis as a % of Net Asset Value) Manager's Fee:1.60% p.a. Trustee's Fee: 0.10% p.a. Custodian's Fee: 0.10% p.a. Registrar's Fee: 0.15% p.a. (+VAT)
Distribution Policy	The Fund does not pay out any dividends as it reinvests all income.