Fund Type

N/A

Min. Subscription

$5,000

Currency

B$

Fund Manager

Royal Fidelity Merchant Bank & Trust

Administrator

Royal Fidelity Merchant Bank & Trust

Security ID

N/A

Listing Types

Primary Listing on BISX

Valuation Date

31/11/2015

NAV

10.5817

Bid

10.4644

Offer

10.4644

Yield

2.13

YTD

2.3200

Fund Details

Total Index Global Return Securities (TIGRS) are five-year closed-end funds linked to the performance of selected global indices through Exchange Traded Funds (ETFs). TIGRS 5 focuses on the growing global demand within two sectors: Agribusiness and Energy. The global increase in population, coupled with the inherent supply-and-demand inelasticity of both these sectors provides a profit opportunity for companies providing goods and services in farming, heavy equipment, oil & gas exploration, fertilizer, etc. The fund offer 60% participation in the performance of the global Agribusiness Sector through the DAXglobal Agribusiness Index (60% allocation) and to the global energy sector through the Energy Select Sector Index (40% allocation). The fund also provides Bahamian investors with 100% principal protection, as well as a base return of 2% per annum for a total base return of 10% over the 5-year period.