APS FUNDS
APS Income Fund
The investment objective of the Fund is to maximise the total level of return to investors, minimising the volatility of the portfolio while attaining a desirable level of liquidity.
The Fund invests primarily in Malta Government Bonds and corporate bonds listed on the Malta Stock Exchange, predominantly in euro and which may be at a fixed or floating rate, rated or unrated. The Fund may also hold selected equities, deposits and cash. Assets situated in Malta constitute a significant portion of the Fund's investments, with at least 85% of the total consisting of Maltese ones.
Strategy
Our Portfolio Managers conduct a thorough analysis of the Maltese economy to assess potential changes in the Sovereign’s creditworthiness and to identify economic sectors likely to outperform. This is complemented by regular interactions with Maltese companies and quantitative valuation tools, which help them identify attractive debt instruments and determine the fair value of equities listed on the main market of the Malta Stock Exchange. This approach enables them to:
- Calibrate the Fund’s exposure to Malta Government Stocks and interest rate risk
- Invest in corporate bonds that offer attractive expected returns after adjusting for fundamental considerations
- Gain exposure to equities with the potential for attractive dividends or significant price appreciation
- Overlay Maltese investments with an allocation to internationally listed securities
Features & benefits
- Opportunity to invest in Maltese entities
- Daily liquidity in a comparatively illiquid market
- Expert security selection
- Tax efficient vehicle through the prescribed fund status
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Meet your Portfolio Managers
Josef Portelli
Managing Director,
ReAPS Asset
Management Ltd
David Lanzon
Senior Portfolio Manager, ReAPS Asset
Management Ltd
Michael Tabone
Senior Portfolio Manager, ReAPS Asset
Management Ltd
Historical prices
FUND LITERATURE
KEY INFORMATION DOCUMENTS
FREQUENTLY ASKED QUESTIONS
By investing in a fund, individuals gain access to a broader range of investments than they might achieve on their own. This diversification helps spread risk, as the performance of any single asset has less impact on the overall portfolio.
Investment funds are managed by professional fund managers who make decisions on behalf of the investors, aiming to achieve the fund's investment objectives. This professional management can be particularly beneficial for investors who lack the time or expertise to manage their own portfolios.
Additionally, because the fund's costs are shared among all investors, individual investors often benefit from lower fees and expenses compared to managing a portfolio independently.
Regulated Structure: UCITS funds operate within a regulated framework, providing investors with essential protections and ensuring transparency throughout the investment process.
Liquidity: UCITS funds offer high levels of liquidity, allowing investors to buy and sell shares on a frequent basis. This flexibility provides investors with easy access to their investments when needed.
Diversification: UCITS funds typically invest in a wide range of assets, such as equities, bonds, and money market instruments. This diversification helps spread risk and can potentially enhance returns by accessing different market opportunities.
Savings Plan: If you are considering smaller, regular investments or prefer a structured savings approach, APS Funds offer a convenient monthly savings plan. You can start with as little as €50 per month, allowing you to gradually build a portfolio through manageable monthly contributions.
Lump Sum Package: If you prefer to invest a larger amount upfront, the Lump Sum Package may be the ideal choice for you. With a minimum investment starting from €1,000, this option provides the flexibility to invest a lump sum according to your financial goals.
Distributor Shares: With Distributor Shares, investors have the option to receive part or all of the net income (if any) generated by the fund in the form of dividends. These dividends are distributed to shareholders according to the Dividend Policy outlined in the Offering Supplement specific to each fund.
Accumulator Shares: On the other hand, Accumulator Shares allow investors to reinvest the entire net income (if any) generated by the fund back into the fund itself. This means that any income earned by the fund, after deducting expenses, is accumulated within the fund. This accumulation is reflected in the price of the Investor Shares of the fund.
This website is intended to be of general interest only and should not be considered as an offer, investment advice or solicitation to deal in the shares of the Funds. Any decision to invest should be based on the full details of the Prospectus, and Offering Supplement and Key Information Document of the respective Fund, which can be obtained from APS Bank plc, any of its branches, or by visiting apsbank.com.mt. Investors should seek independent legal and financial advice, including advice as to tax consequences, before making any investment decision.
There is no guarantee that the Funds will achieve their objectives. The value of your investment may fall as well as rise and currency fluctuations may also affect the value of the investment. Performance figures quoted refer to the past and past performance is not a guarantee of future performance. You may lose some or all of the money you invest. There are additional risks involved with this type of investment, which are described in the Prospectus, Offering Supplements and Key Information Documents and should be read before investing.
APS Funds SICAV plc, including each of its Funds, is licensed as a Collective Investment Scheme by the Malta Financial Services Authority (‘MFSA’) in terms of the Investment Services Act and qualifies as a ‘Maltese UCITS’. APS Funds SICAV p.l.c. is managed by ReAPS Asset Management Limited, a subsidiary of APS Bank plc, regulated by the MFSA as a ‘UCITS Manager’ under the Investment Services Act.