Fund X-Ray December 2017

Transcription

1 Fund X-Ray December 2017 IMPORTNT INFORMTION CONCERNING THE INVESTMENT GOLS, RISKS, CHRGES ND EXPENSES IS CONTINED IN THE PROSPECTUS, WHICH IS VILBLE T NY OF OUR GURDIN SSET MNGEMENT OFFICES, OR ON OUR WEBSITE T INVESTORS SHOULD CREFULLY CONSIDER THIS INFORMTION BEFORE INVESTING. PERFORMNCE IS SUBJECT TO VRITION ND IS LIKELY TO CHNGE OVER TIME. PST PERFORMNCE SHOULD NOT BE TRETED S N INDICTOR OF FUTURE PERFORMNCE.

2 sset Mix T&T Government Bonds 9.39% Regional & International Bonds USD 16.54% TTD Monthly Income Fund Corporate Bonds\Structured Products 29.68% as at December 31st 2017 Short-term Investments\ Money Market 20.16% 24.23% % % of Portfolio Net ssets GOTT BOND DUE % GHL LON DUE % EGRET LTD DUE % GHL BOND DUE % LON FCILITY DUE % FTUM LON DUE % HMB LON DUE % VLUE SSETS INTERNTIONL LON DUE % HDC LON DUE % GOTT BOND DUE % T&T Government Bonds Regional & International Bonds USD Corporate Bonds\Structured Products Short-term Investments\ Money Market Country Mix Trinidad and Tobago 88.28% ctual 12 month return from November November 2017: 1.50% Barbados 2.17% United States of merica 0.95% Costa Rica 0.34% Dominican Republic 0.05% Currency Mix 8.22% TTD 79.25% % USD 19.75% CD 1.01% % Trinidad and Tobago Barbados TTD CD USD United States of merica Costa Rica Dominican Republic

3 sset Mix Bonds 66.93% \ Short Term 29.99% USD Monthly Income Fund Equities 3.08% as at December 31st % % of Portfolio Net ssets Bonds GOTT BOND DUE 2027 FTUM LON DUE % 4.79% GOTT BOND DUE 2020 SGICOR BOND % 4.23% \ Short Term Equities GHL LON DUE % NCBFG NOTE DUE % DB CLN DUE % DOMINICN REPUBLIC BOND % Country Mix HUWEI TRDE REC % Trinidad and Tobago 56.07% NTIONL GS BOND % United States of merica 16.38% 16.11% Barbados 3.19% Jamaica 2.89% ctual 12 month return from November November 2017: 1.40% Bahamas 2.32% Dominican Republic 2.28% Mexico 0.75% % Currency Mix USD 98.80% CD 1.05% TTD 0.14% Trinidad and Tobago % United States of merica Barbados USD CD TTD Jamaica Bahamas Dominican Republic Mexico

4 2 O sset Mix 7.09% Equities 57.50% Pan-Caribbean Balanced Fund Fixed Income 35.41% as at December 31st % Equities Fixed Income % of Portfolio Net ssets NTIONL COMMERCIL BNK OF JMIC 4.99% REPUBLIC FINNCIL HOLDINGS 4.97% NTIONL GS LIMITED 4.97% Country Mix FIRST CRIBBEN INTERNTIONL BNK LTD 4.31% Trinidad 67.21% MSSY HOLDINGS LTD 4.04% Jamaica 4.99% NTIONL ENTERPRISES LTD 3.79% Brazil 0.79% SCOTIBNK TRINIDD & TOBGO LTD 3.61% US 4.04% FCB BOND DUE % Canada 1.81% TTMF BOND DUE % Dutch Caribbean 3.08% CLICO INVESTMENT FUND 3.28% Barbados 4.31% 13.77% % *PERFORMNCE MONTH - December 2017: 0.89% *PERFORMNCE YTD at- December 2017: 7.57% *PERFORMNCE FROM INCEPTION (30th Nov 05): 23.06% Trinidad Jamaica Brazil US Canada Dutch Caribbean Barbados 13,000 12,500 12,000 11,500 11,000 10,500 10,000 9,500 9,000 8,500 Fund Performance with Minimum Investment of $10,000TT November 30th, 2005 to December 31st, % Currency Mix TTD 66.52% CD 1.81% USD 31.66% % TTD CD USD

5 3 Country Mix S&P 500 U.S % 99.13% 6.93% 0.00% North merican Equity Fund Ireland 0.74% 0.00% as at December 31st 2017 Bermuda 0.10% 0.00% U.K. 0.60% 0.06% Singapore 0.18% 0.00% Switzerland 0.47% 0.00% % of Portfolio Net ssets 7.87% 0.81% PPLE INC 3.04% MZON.COM INC 2.45% MICROSOFT CORP 2.32% BERKSHIRE HTHWY INC B 1.82% JPMORGN CHSE & CO 1.76% FCEBOOK INC 1.53% Stock Style Mix S&P 500 BNK OF MERIC CORPORTION 1.36% Large Value 27.02% 29.00% 0.3 JOHNSON & JOHNSON 1.30% Large Core 27.02% 29.00% 0.29 WELLS FRGO & CO 1.28% Large Growth 27.02% 28.00% 0.28 EXXON MOBIL CORP 1.26% Small/Mid-Cap Value 4.66% 5.00% 0.05 Small/Mid-Cap Core 4.66% 5.00% 0.05 Small/Mid-Cap Growth 2.80% 3.00% % 1.00% 0 *PERFORMNCE MONTH - December 2017: 0.97% *PERFORMNCE YTD at- December 2017: 17.34% *PERFORMNCE FROM INCEPTION (1st DEC 05): 56.76% U.S. Ireland Bermuda U.K. Singapore Switzerland Large Value Large Core Large Growth Small/Mid-Cap Value Small/Mid-Cap Core Small/Mid-Cap Growth Fund Performance with Minimum Investment of $10,000TT December 1 st, 2005 to December 31st, 2017 $16,500 $15,500 $14,500 $13,500 $12,500 $11,500 $10,500 $9,500 $8,500 $7,500 $6,500 $5, % Sector Mix S&P 500 Technology 20.34% 21.83% Financial Services 15.56% 16.70% Healthcare 13.31% 14.29% Consumer Cyclical 10.10% 10.84% Industrials 9.81% 10.53% Consumer Defensive 7.52% 8.07% Energy 5.51% 5.91% Communication Services 3.37% 3.62% Utilities 2.95% 3.17% Basic Materials 2.64% 2.83% Real Estate 2.06% 2.21% % 0.00% 0 Technology Financial Services Healthcare Consumer Cyclical Industrials Consumer Defensive Energy Communication Services Utilities Basic Materials Real Estate

6 4 O Country Mix MSCI Europe U.K % 27.20% France 13.68% 15.53% European Equity Fund Germany 13.45% 14.47% as at December 31st 2017 Switzerland 12.30% 13.28% 6.92% 0.00% Netherlands 5.90% 5.27% Spain 4.78% 5.12% Sweden 4.71% 4.39% % of Portfolio Net ssets Italy 3.67% 3.31% NESTLE S 2.32% 11.93% 11.43% NOVRTIS G 1.76% HSBC HOLDINGS PLC 1.74% ROCHE HOLDING G DIVIDEND RIGHT CERT. 1.55% ROYL DUTCH SHELL PLC CLSS 1.25% BRITISH MERICN TOBCCO PLC 1.23% BP PLC 1.12% TOTL S 1.09% ROYL DUTCH SHELL PLC B 1.06% BNCO SNTNDER S 0.93% Stock Style Mix MSCI Europe Large Value 25.22% 29.00% Large Core 24.35% 28.00% Large Growth 21.74% 25.00% *PERFORMNCE MONTH - December 2017: 1.10% Small/Mid-Cap Core 5.22% 6.00% *PERFORMNCE YTD at- December 2017: 19.51% Small/Mid-Cap Growth 5.22% 6.00% *PERFORMNCE FROM INCEPTION (1st DEC 05): 11.19% Small/Mid-Cap Value 4.35% 5.00% 13.91% 1.00% 16, Fund Performance with Minimum Investment of $10,000TT December 1 st, 2005 to December 31st, 2017 U.K. France Germany Switzerland Netherlands Spain Sweden Italy Large Value Large Core Large Growth Small/Mid-Cap Core Small/Mid-Cap Growth Small/Mid-Cap Value 15, , , , , , , , , , % Sector Mix MSCI Europe Financial Services 17.66% 20.31% Industrials 11.52% 13.25% Consumer Defensive 11.22% 12.90% Healthcare 10.10% 11.62% Consumer Cyclical 10.00% 11.50% Basic Materials 7.65% 8.80% Energy 5.72% 6.58% Technology 4.66% 5.36% Communication Services 3.30% 3.80% Utilities 3.13% 3.60% Real Estate 1.97% 2.27% 13.05% 0.01% Financial Services Industrials Consumer Defensive Healthcare Consumer Cyclical Basic Materials Energy Technology Communication Services Utilities Real Estate

7 5 Country Mix MSCI Pacific sia-pacific Rim Equity Fund Japan 32.88% 38.92% as at December 31st 2017 China 12.50% 15.08% 7.96% 0.00% ustralia 7.95% 12.68% Hong Kong 6.33% 5.83% South Korea 6.28% 0.00% Taiwan 5.93% 6.88% % of Portfolio Net ssets India 4.79% 4.97% TENCENT HOLDINGS LTD 5.32% Singapore 1.78% 2.21% TIWN SEMICONDUCTOR MNUFCTURING CO LTD 2.24% 13.60% 13.43% SMSUNG ELECTRONICS CO LTD 2.15% LIBB GROUP HOLDING LTD DR 1.70% TOYOT MOTOR CORP 1.57% CHIN CONSTRUCTION BNK CORP H 1.46% I GROUP LTD 1.29% BNK OF CHIN LTD H 1.10% Stock Style Mix MSCI Pacific WESTPC BNKING CORP 0.89% Large Growth 38.06% 42.00% NTIONL USTRLI BNK LTD 0.85% Large Core 33.45% 24.00% Large Value 10.06% 26.00% Small/Mid-Cap Value 3.46% 2.00% Small/Mid-Cap Core 2.31% 2.00% Small/Mid-Cap Growth 1.15% 2.00% *PERFORMNCE MONTH - December 2017: 1.32% 11.51% 2.00% *PERFORMNCE YTD at- December 2017: 26.85% *PERFORMNCE FROM INCEPTION (1st DEC 05): 20.99% Japan China ustralia Hong Kong South Korea Taiwan India Singapore Large Growth Large Core Large Value Small/Mid-Cap Value Small/Mid-Cap Core 16, , , , , , , Fund Performance with Minimum Investment of $10,000TT December 1 st, 2005 to December 31st, 2017 Sector Mix MSCI Pacific Technology 21.02% 24.08% Financial Services 19.51% 23.19% Consumer Cyclical 13.13% 17.48% Industrials 9.73% 7.24% Basic Materials 5.56% 2.82% Consumer Defensive 5.39% 5.72% Healthcare 4.89% 7.30% Real Estate 4.53% 5.89% Communication Services 3.67% 1.93% Energy 2.82% 3.65% Utilities 1.51% 0.70% 8.24% 0.00% Small/Mid-Cap Growth Technology Financial Services Consumer Cyclical Industrials Basic Materials Consumer Defensive 9, Healthcare 8, , , % Real Estate Communication Services Energy Utilities

8 6 Country Mix MSCI BRIC China 47.10% 57.01% India 25.39% 18.77% BRIC Equity Fund Brazil 12.79% 16.15% as at December 31st 2017 Hong Kong 6.74% 0.00% Russia 5.84% 8.07% 1.98% 0.00% 0.15% 0.00% % of Portfolio Net ssets Tencent Holdings Ltd 10.11% libaba Group Holding Ltd DR 6.98% China Construction Bank Corp H 2.58% Baidu Inc DR 2.19% Stock Style Mix MSCI BRIC Reliance Industries Ltd 2.04% Large Growth 38.29% 39.00% Industrial nd Commercial Bank Of China Ltd H 1.98% Large Value 29.45% 32.00% China Mobile Ltd 1.87% Large Core 27.49% 27.00% Housing Development Finance Corp Ltd 1.85% Small/Mid-Cap Value 0.98% 1.00% Ping n Insurance (Group) Co. of China Ltd H 1.77% Small/Mid-Cap Core 0.98% 0.00% Infosys Ltd 1.58% Small/Mid-Cap Growth 0.98% 1.00% 1.82% 0.00% *PERFORMNCE MONTH - December 2017: 1.51% *PERFORMNCE YTD at- December 2017: 34.72% *PERFORMNCE FROM INCEPTION (4th UG 06): 25.53% China India Brazil Hong Kong Russia Large Growth Large Value Large Core Small/Mid-Cap Value Small/Mid-Cap Core Small/Mid-Cap Growth $20,000 $18,000 $16,000 $14,000 $12,000 $10,000 $8,000 Fund Performance with Minimum Investment of $10,000TT ugust 4 th, 2006 to December 31st, % Sector Mix MSCI BRIC Financial Services 24.41% 25.21% Technology 20.93% 21.76% Consumer Cyclical 14.07% 14.71% Energy 10.37% 9.63% Basic Materials 6.47% 6.38% Consumer Defensive 5.76% 6.00% Industrials 3.90% 3.91% Communication Services 3.77% 4.08% Healthcare 2.94% 2.66% Real Estate 2.91% 3.22% Utilities 2.66% 2.44% 1.82% 0.01% % % Financial Services Technology Consumer Cyclical Energy Basic Materials Consumer Defensive Industrials Communication Services Healthcare Real Estate Utilities

9 7 Country Mix S&P Global 100 Index U.S % 61.60% 15.61% 25.90% The New Economy Equity Fund 8.20% 0.00% as at December 31st 2017 sia ex-japan 4.77% 1.99% U.K. 2.03% 10.51% Switzerland 1.10% 0.00% % of Portfolio Net ssets Credit Suisse 130/30 Large Cap Long Sub-Index Swap Societe Generale 8.65% mazon.com Inc 1.96% pple Inc 1.92% Stock Style Mix S&P World Equity Index Microsoft Corp 1.43% Large Core 24.79% 35.00% Berkshire Hathaway Inc B 1.28% Large Value 23.87% 44.00% JPMorgan Chase & Co 1.24% Large Growth 21.12% 21.00% Facebook Inc 1.08% Small/Mid-Cap Value 9.18% 0.00% Bank of merica Corporation 0.94% Small/Mid-Cap Core 8.26% 0.00% Wells Fargo & Co 0.87% Small/Mid-Cap Growth 4.59% 0.00% The Home Depot Inc 0.84% 8.18% 0.00% *PERFORMNCE MONTH - December 2017: 1.11% *PERFORMNCE YTD at- December 2017: 15.82% *PERFORMNCE FROM INCEPTION (02nd Dec 2007): 28.49% U.S. sia ex-japan U.K. Switzerland Large Core Large Value Large Growth Small/Mid-Cap Value Small/Mid-Cap Core Small/Mid-Cap Growth $13,500 $12,500 $11,500 $10,500 $9,500 $8,500 $7,500 $6,500 $5,500 $4,500 Fund Performance with Minimum Investment of $10,000 TT December 3rd, 2007 December 31st, % Sector Mix S&P Global 100 Index Technology 19.01% 24.37% Healthcare 14.83% 12.11% Financial Services 14.16% 13.13% Consumer Cyclical 11.05% 10.22% Industrials 10.79% 10.19% Consumer Defensive 9.95% 12.96% Energy 7.27% 9.59% Communication Services 4.46% 2.36% Utilities 3.27% 0.91% Basic Materials 2.75% 4.16% Real Estate 2.46% 0.00% 0.00% 0.01% % % Technology Healthcare Financial Services Consumer Cyclical Industrials Consumer Defensive Energy Communication Services Utilities Basic Materials Real Estate

10 8 Country Mix U.S % Trinidad & Tobago 6.77% The Global Bond Fund Mexico 6.48% as at December 31st 2017 Brazil 4.17% South Korea 3.48% U.K. 3.60% Indonesia 3.27% Japan 3.17% India 2.26% % of Portfolio Net ssets 23.46% Brazil Notas do Tesouro Nacional Series F % % Brazil Notas do Tesouro Nacional Series F % MBL LON DUE % GHL LON DUE % US 2YR NOTE DUE % FEDERL HOME LON BNK DISCOUNT NOTES 1.11% US TRESURY BILL DUE % US TRESURY BILL DUE % KORE TRESURY BOND DUE % BRCLYS BNK GLOBL EQUITY 0.94% U.S. Trinidad & Tobago Mexico Brazil South Korea U.K. Indonesia Japan India *PERFORMNCE MONTH - December 2017: -0.50% *PERFORMNCE YTD at- December 2017: 2.11% *PERFORMNCE FROM INCEPTION (03rd Dec 2007): -4.75% $11,500 Fund Performance with Minimum Investment of $10,000TT December 3rd, 2007 to December 31st, 2017 $11,000 $10,500 $10,000 $9,500 $9,000 $8, % $8,000

11 9 Country Mix Mexico 6.49% The Emerging Markets Bond Fund U.S. 6.01% as at December 31st 2017 rgentina 5.79% Barbados 5.79% Indonesia 5.64% Brazil 4.30% Russia 4.20% % of Portfolio Net ssets Turkey 4.12% SGICOR BOND % Peru 3.00% GERDU TRDE INC 2.14% 54.65% GOVERNMENT OF RUSSI BOND DUE % % BRCLYS GLOBL EQUITY 0.92% BRCLYS BNK GLOBL EQUITY 0.90% CSH 0.64% STTE GRID CORPOF CHIN 0.55% GOVERNMENT OF RGENTIN BOND DUE % GOVERNMENT OF RUSSI BOND DUE % GOVERNMENT OF UKRINE BOND DUE % Mexico U.S. rgentina Barbados Indonesia Brazil Russia Turkey Peru *PERFORMNCE MONTH - December 2017: 0.23% *PERFORMNCE YTD at- December 2017: 5.70% *PERFORMNCE FROM INCEPTION (03rd Dec 2007): -0.65% $11, $10, $10, $9, $9, $8, $8, $7, $7, Fund Performance with Minimum Investment of $10,000TT December 3rd, 2007 to December 31st, %

12 1 0 sset Mix Fixed Income 71.78% The Global Fund Solution Equity 28.22% Conservative Fund % as at December 31st 2017 Fixed Income Equity % of Portfolio Net ssets CYDS 6.25% USD BOND DUE % Country Mix FTUM LON DUE % Trinidad and Tobago 27.77% UNICOMER % United States of merica 27.49% NS COTINGS LON DUE % 8.33% SOUTH FRIC BOND DUE % Mexico 7.26% MBL LON DUE % Canada 6.18% GHL LON DUE % Curacao 5.30% GERDU BOND DUE % South frica 3.99% GOTT BOND DUE % Brazil 2.11% BRCLYS GLOBL NOTE DUE % China 1.35% 10.22% % *PERFORMNCE MONTH - December 2017: 0.33% *PERFORMNCE YTD at- December 2017: 6.63% *PERFORMNCE FROM INCEPTION (16-Feb-07): 14.65% Trinidad and Tobago United States of merica Mexico Canada Curacao South frica Brazil China Fund Performance with Minimum Investment of $10,000TT February 16 th, 2007 to December 31st, 2017 $12,000 $11,500 $11,000 $10,500 $10,000 $9, %

13 1 1 sset Mix Fixed Income 45.15% The Global Fund Solution Equity 54.85% Moderate Fund % as at December 31st 2017 Fixed Income Equity % of Portfolio Net ssets FTUM LON DUE % CYDS 6.25% USD BOND DUE % NS COTINGS LON DUE % SOUTH FRIC BOND DUE % GHL LON DUE % Country Mix MBL LON DUE % U.S % BRCLYS BNK GLOBL EQUITY C NOTE SPY-SX5E 1.48% Trinidad 9.35% BRCLYS GLOBL EQUITY C NOTE SPY-RTY 1.45% 7.48% MST CONTINGENT BOND DUE % Curacao 6.62% GERDU BOND DUE % Mexico 5.69% Canada 5.32% 3.54% South frica 3.37% China 2.74% *PERFORMNCE MONTH - December 2017: 0.64% 17.34% *PERFORMNCE YTD at- December 2017: 12.12% % *PERFORMNCE FROM INCEPTION (16-Feb-07): 23.56% U.S. Trinidad Curacao Mexico Canada South frica $13,000 $12,500 $12,000 $11,500 $11,000 $10,500 $10,000 $9,500 $9,000 $8,500 $8,000 Fund Performance with Minimum Investment of $10,000TT - Feb 16 th, 2007 to December 31st, 2017 China

14 1 2 sset Mix Fixed Income 19.16% The Global Fund Solution Equity 80.84% ggressive Fund % as at December 31st 2017 Fixed Income % of Portfolio Net ssets FTUM LON DUE % CYDS 6.25% USD BOND DUE % PPLE INC 2.05% MST CONTINGENT BOND DUE % GHL US$ 2.37M UNSECURED LON 3.3% DUE % Country Mix TENCENT HOLDINGS LTD 1.52% U.S % MICROSOFT CORP 1.50% 8.36% SMSUNG ELECTRONICS CO LTD 1.20% Curacao 5.02% MBL US$50M DUE 17-SEP % China 4.64% MZON.COM INC 1.08% 4.17% Mexico 4.02% South Korea 3.51% Trinidad 2.68% Hong Kong 2.62% *PERFORMNCE MONTH - December 2017: 0.97% 17.03% *PERFORMNCE YTD at- December 2017: 17.16% % *PERFORMNCE FROM INCEPTION (16-Feb-07): 37.28% $15,000 $13,000 Fund Performance with Minimum Investment of $10,000TT February 16 th, 2007 to December 31st, 2017 Equity U.S. Curacao China Mexico South Korea Trinidad Hong Kong $11,000 $9,000 $7, %