Key Features
| Category of the Fund | Open-Ended |
|---|---|
| Fund Name | Fijian Holdings Unit Trust (FHUT) |
| Fund Manager | FHL Fund Management Limited (FHL FML) |
| About FHUT | FHUT is a pooled investment vehicle designed to raise funds from the public and invest these funds in line with the investment objectives. The investments are made by the Fund Manager, FHL FML, to enable Unit holders’ investments to grow in value and earn income over time. |
| FHUT Investment Objective | The primary objective of FHUT is to provide a dividend income to its Unit holders via income generated from its investments as well as capital growth through the appreciation in value of its investments over the period of the Investment. |
| Investor Profile | To determine if the fund is an appropriate investment, Unit holders are to carefully consider the fund’s investment objectives, risk factors, charges and expenses before investing. This and other information can be found in the annual report, financial statements and full prospectus. Read the prospectus carefully before investing or sending your money. |
| FHUT Branch Location | Suva Office, Shop 1A & 1B and Level 6 Vanua House, 77 Victoria Parade, Suva. Lautoka Office, 2nd Floor, Shop 6 Challenge Plaza, Naviti Street , Lautoka. Labasa Office, 2nd Floor, Trikams Building, Main Street, Nasekula Road, Labasa. |
| Trustee | FHL Trustees Limited (FTL) |
| Fund type | Income & Growth Fund |
| Financial Year Ending | 30th June |
| Fund life | 60 years from inception in 27th April 2001. |
| Minimum Opening Investment | 50 Units – To open an account, it is required to purchase minimum of 50 units to become FHUT Unit holder. 10 units – To open an Employee Deduction Scheme (EDS) account, it is required to purchase minimum of 10 units to become FHUT Unit holder. |
| Minimum Top-Up | 5 Units |
| Maximum investment | Unlimited |
| Minimum balance | No minimum balance, however, to be eligible for dividend payout, 50 units must be maintained by Unit holders at dividend cut off date. |
| Recommended Investment Period | Unit holders are encouraged to maintain their unit holdings until such a time when there is some capital gains recorded on their investments as FHUT is a medium to long term investment product. It is recommended that an investor maintains their unit holding for a minimum of five years. |
| Tax Status | Dividends paid to resident and non-resident Unit holders are exempt from Income tax. Capital gains tax is also exempted to both residents and non-residents. For further clarification, please seek professional advice from FRCS. |
| Redemption | This is permitted under the relevant section in the Scheme Deed without any fee. |
| Dividend Distribution | Dividends are distributed every 4 months, three times a year, (21st of every payout month, November, March and July). Dividend Register Closure – (31st October, 28th (29th) February and 30th June). |
| Entry fee | The Fund Manager will charge 3.50% of unit price as entry fee. |
| Fund Management Fee | The Manager will charge 1.00% on the Total value of the FHUT investment portfolio as Management Fee payable on a fortnightly basis. |
| Trustee Fee | Fixed fee of $50,000 VIP per annum. |
| Creation Date | FHUT creates units twice in a month and the dates are 15th and end of every month throughout the year. |
| Unit Pricing | This is subject to bi-monthly pricing and as per calculated value of investment portfolio per unit. Refer to price calculation provided on page 6 of this Prospectus. |
| Redemption Fee | The Manager will not charge any fee on the redemption or transfer of FHUT Units by Unit holders during the life of this prospectus. |
Investment Plan
| Account Type | Minimum Investment | Investment Term | Requirement | Signature Required | Summary |
|---|---|---|---|---|---|
| Individual | 50 units | Minimum is 3 years. Could be more. | Fill out the FHUT New Account Form, Valid Photo Identification and Birth Certificate | Individual | This can be for anyone that is @ 18 or beyond the age of 18. Investment value will be calculated on the current entry price on the time of purchase. Dividend mode can be up to investor preferences; payout, partial or reinvest. Minimum top up after opening could be $5 or more. Statement will only be released upon request and is FOC |
| Joint | 50 units | Minimum is 3 years. Could be more. | Fill out the FHUT New Account Form, Valid Photo Identification and Birth Certificate | All holders | Holders should be @ 18 or beyond the age of 18. Investment value will be calculated on the current entry price on the time of purchase. Dividend mode can be up to investor preferences; payout, partial or reinvest. Minimum top up after opening could be $5 or more. Statement will only be released upon request and is FOC |
| Minor | 50 units | Once minor turns 18 | Fill out the FHUT New Account Form, Valid Photo ID of the Adult (Trustee), Trustees Birth Certificate, Birth Certificate for Minor | Trustee | This can be any kids below the age of 18. Trustee/Signatory can be parents/guardians or anyone @18 or above 18. Investment value will be calculated on the current entry price on the time of purchase. Dividends will be reinvested until the minor arrives to 18. Minimum top up after opening could be $5 or more. Statement will only be released upon request and is FOC and can ONLY be given to trustee/signatory of the account |
| Money Box Initiative (Student) | Whatever amount collected from the money can (Initial collection) | Terms and Condition Apply | Fill out the FHUT New Account Form, Valid Photo ID of the Adult (Trustee), Trustees Birth Certificate, Birth Certificate for Minor | Trustee | Similar to minor account, however, the product is designed for primary and secondary students only as FHUT have signed an MOU with the schools. FHUT will provide money cans and money cans will be kept in schools to be monitored by the year teacher. *investment plan may be limited due to money can stocks |
| Group | 50 units | Minimum is 3 years. Could be more. | Fill out the FHUT New Account Form, Valid Photo Identification (All Trustees), Birth Certificate (All Trustees), Minutes of the last Meeting (signed by secretary & chair), Meeting Attendance (name & signature) | Trustees (2-5) | This can be any group such as extended family, tokatoka, mataqali, yavusa, village, non-profit organization (church) etc. Investment value will be calculated on the current entry price on the time of purchase. Dividend mode can be up to investor preferences; payout, partial or reinvest. Minimum top up after opening could be $5 or more. Statement will only be released upon request and is FOC and can ONLY be given to trustee/signatory of the account. |
| Employee Deduction Scheme (EDS) | $10 | Minimum is 5 years. Could be more. | Fill out the FHUT New Account Form and Deduction Form, Valid Photo Identification and Birth Certificate | Individual | EDS is specific to employees under the Employee Deduction Scheme arrangement. This incentive is provided upon the formal agreement between FHUT and Employers. Dividends will be reinvested. Amendments (cease, increase and decrease) of deductions can be done within the term. Withdrawal can only be done after 5 years and thereafter withdrawal will only be approved when account is on capital gain. Withdrawal within the term and when account is on loss will only be approved under; unemployment, medical and event of death. |
| Trust | 50 units | Minimum is 3 years. Could be more. | Fill out the FHUT New Account, Registered Scheme Deed /Association/Club, Charter or Constitution, Minutes of meeting with signed members’ attendance list, Resolution to invest, Birth Certificate and valid photo identification of Trustees, Proof of source of funds | Trustee | This can be any trust account. Investment value will be calculated on the current entry price on the time of purchase. Dividend mode be according to the minutes. Minimum top up after opening could be $5 or more. Statement will only be released upon request and is FOC and can ONLY be given to trustee/signatory of the account. |
| Company | 50 units | Minimum is 3 years. Could be more. | Certificate of Registration, Registered Memorandum and Articles of Association of Company, Birth Certificate & Valid photo identification documents of the trustees, Minutes of the last Board meeting selecting Directors and resolution to invest, Proof of source of funds | As per Board minutes | This can be any account registered as a company. Investment value will be calculated on the current entry price on the time of purchase. Dividend mode be according to the minutes. Minimum top up after opening could be $5 or more. Statement will only be released upon request and is FOC and can ONLY be given to trustee/signatory of the account. |