Objective and Fund Details

Objective

1. ‘AA’ Shares - Aggressive Accumulator

Asset Mix:
55% - 75 % - Equities - Fortress Caribbean Growth Fund or other equity funds
10% - 15 % - Real Estate - Fortress Caribbean Property Fund or other property funds
10% - 30 % - Fixed Income - Fortress Caribbean High Interest Fund or other bond funds

The investment objective is to achieve growth and capital appreciation of assets over the long term, to protect against inflation risks.

This share suits the young individual with an age bracket of 20 - 40 years, who has a long time horizon before retirement and can afford to "ride out" short term volatility in order to maximise returns.


2. ‘CC’ Shares - Conservative Consolidator

Asset Mix:
30% - 60 % - Equities - Fortress Caribbean Growth Fund or other equity funds
5% - 10 % - Real Estate - Fortress Caribbean Property Fund or other property funds
30% - 60 % - Fixed Income - Fortress Caribbean High Interest Fund or other bond funds

The investment objective is still to achieve growth and capital appreciation but the need is for preservation of capital and reduced volatility. Hence the reduced exposure to equities.

This share is for investors who are still growing their retirement assets but wish to adopt a more cautious approach as retirement is approaching.


3. ‘CS’ Shares - Capital Secure

Asset Mix:
0% - 10% - Equities - Fortress Caribbean Growth Fund or other equity funds
0% - 10% - Real Estate - Fortress Caribbean Property Fund or other property funds
80% - 100% - Fixed Income - Fortress Caribbean High Interest Fund or other bond funds

The investment objective is to achieve the highest possible return compatible with the preservation of capital in the short term. Hence the heavier weighting towards fixed income securities.

This share best suits that individual who is at or very near retirement (within five years). The assets built up need to be safeguarded so as to avoid the risk of short term market fluctuations normally associated with equities.


Fund Details

Initial Charge – none

Redemption charge - none

Management and Administration Fee
0.50% per annum on the net asset value of the Fund
0.03% per annum on the net assets value of the Fund. This fee is payable to the Custodian who is responsible for certain administration duties.

Custodian
Custodian fees payable to CIBC FirstCaribbean International Bank amount to:
$2,000 per annum on the first $15M in assets
and will increase to a maximum of $7,500 per annum on assets in excess