Fortress Caribbean Growth Fund

The Fortress Caribbean Growth Fund was the first mutual fund established by the company in 1996. Its focus is on equities in the Caribbean and around the world.

Objective and Fund Details

Who should invest in this fund?

Investors seeking capital growth over the long-term who are comfortable with greater volatility associated with equity investments.

What does this fund invest in?

The Fund aims to generate capital appreciation over the long-term, principally through investment in shares of companies in the Caribbean and global markets.

The interest, dividend income and capital gains that are realised on the Fund’s investments are automatically reinvested in more securities within the Fund to enhance your returns and increase the rate of growth in the value of the shares.

Fund Strategy

The Fund uses a value approach to invest consistently in a portfolio of high quality, reasonably priced shares in the Caribbean and around the world. In some cases, greater efficiency may lead the Fund to make investments via other funds or with third-party managers, rather than in individual securities. The Fund may invest in securities in any market globally. In general, the Fund’s portfolio is focused on investments with some combination of the following characteristics, depending on market conditions:

  • Attractive levels of profitability, earnings growth and/or quality;
  • Attractive price relative to other companies with similar operations;
  • Balance sheet and leverage appropriate to the company’s operations.

What happens when you invest in this fund?

The Fund has weekly dealing. At the end of each week a valuation of the market value of the Fund’s investments, and a net asset value (NAV) per share is calculated and published on our website. Investors may purchase shares of the Fund (invest) at any time for that week’s NAV. Similarly, if you are selling shares (redeeming), you would do so at that week’s NAV and you would receive payment the following week.

The Fund provides quarterly and annual reports to investors, detailing Fund performance and positioning of the investment portfolio. Statements reflecting the number of shares you hold, the net asset value per share and current market value, are made available to shareholders quarterly.

How much does it cost to invest in this fund?

Minimum investments

Initial investment: $100

For subsequent investments: $100

For monthly savings plan: $50

Fees

Fees and expenses paid by the Fund. Quoted returns are net of these fees.

Manager: 1.75% per annum of net assets

Custodian:

0.0875% on first $30M in net assets

0.075% on amounts over $30M in net assets

Administrator:

0.10% on the first $30M in net assets

0.0875% on amounts over $30M in net assets

Investor Redemption Charge

none

Initial Charges

2%

Disclaimer

Important information about this fund is contained in our prospectus which we encourage you to read before making an investment. The indicated returns are net of all fees and expenses. The returns are historical and are not necessarily indicative of future performance. Investors should be aware that this is an equity fund and as such there are risks involved where the value of the Fund’s shares may go down as well as up.