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BOV Capital Guaranteed Fund 2026
The Fund aims to guarantee Unitholders’ initial  investment and a fixed return of 3% per annum. The Fund Manager intends to seek to achieve the Fund’s  investment objective by investing predominantly in listed Euro  denominated debt securities, whether corporate, supranational  and/or sovereign, the majority of which shall be rated Investment  Grade at the point of investment by the Fund.
Overview
Features & Fees
Benefits & Risks
Documents
The Fund aims to guarantee Unitholders’ initial investment and a fixed return of 3% per annum thereon, in accordance with the terms of the Offering Supplement of the Fund.

The Investment Objective will only be attained if the investment is held until Maturity Date. The Fund Manager intends to seek to achieve the Fund’s investment objective by investing predominantly in listed Euro denominated debt securities, whether corporate, supranational and/or sovereign, the majority of which shall be rated Investment Grade at the point of investment by the Fund. Without prejudice to this, the Fund Manager intends to invest the majority of the Fund’s portfolio in fixed coupon Euro denominated corporate debt securities targeting a maturity of close to but less than three and a half years, whilst the remaining portfolio is intended to comprise of EU sovereign zero coupon or fixed coupon debt securities.

The Fund Manager intends to invest the Fund’s entire portfolio in debt securities as above-mentioned, however, the Investment Manager may invest up to 100% of the Fund’s Net Asset Value in cash, cash equivalents or Money Market Instruments, particularly in preparation for final redemption on Maturity Date. The Fund Manager may also utilise Financial Derivate Instruments (FDIs) (including OTC FDI’s) for the purpose of efficient portfolio management purpose and hedging, and as such, FDIs will not be used for speculative purposes. The Fund is actively managed and it is not managed with reference to a benchmark. Unitholders may only subscribe to the Fund in the Initial Offering Period and no units will be offered after the lapse thereof. Units may be redeemed every two weeks as set out in the Offering Supplement.
Features:

 Launch Date  26th February 2024
 First Dealing Date
 28th March 2024
 Minimum Investment Amount  €5,000
 Monthly Investment Plan  Not Available
 Class of Shares Available  Distributor
 Frequency of Dealing  Every 15th and 28th of the month
 Manager  BOV Asset Management
 Sub-Investment Manager  BOV Asset Management
 Custodian  Bank of Valletta
 Service Fees  1.00%
 Custody Fee  €6,000 per annum
 Upfront Fees and Exit   Fees No upfront fee. Exit fee up to 5% of the amount invested

Why invest in the BOV Investment Funds?

Our team of professional asset managers is entrusted with the process of managing investments in line with fund objectives and market dynamics.

The team will oversee the risk levels inherent in the funds, taking appropriate actions as necessary, ensuring that investments are managed with the utmost care and expertise.

BOV Portfolio Funds

Each portfolio fund is intended to create long-term wealth within a level of volatility in line the investor’s risk tolerance.

A flexible asset allocation allows managers to seek the best opportunities during changing market conditions.

A global mandate will enhance the correlation benefits deriving from a wide array of potential investments.


BOV Capital Guaranteed Fund 2026

The BOV Capital Guaranteed Fund guarantees both the capital and return if held until maturity.


Risks

Market risk

This is a general risk which the Sub-Fund is exposed to. Any movement in price of the investments of the Sub-Fund will affect the Sub-Fund’s NAV. Consequently, any losses which may be caused due to the global economy and/or any political and economical circumstances of the countries in which the issuers of the debt securities are situated in will cause a loss to the Sub-Fund and may lead to the consequent reduction in NAV per Unit (which may impact, in particular, any Unit Holder who/which redeems its Units prior to the Maturity Date).

Credit Risk

The Sub-Fund may invest in debt securities which may expose the Sub-Fund to the risk that an issuer may default on the payment of principal and/or interest. In the event that any issuer of bonds or other debt securities experiences financial or economic difficulties, this may affect the value of the relevant securities and any amounts paid on such securities. This may in turn affect the NAV per Unit.

Interest rate risk includes, but is not limited to

(a)    the risk that debt obligations will decline in value because of changes in interest rates. Generally, debt securities will decrease in value when interest rates rise and increase in value when interest rates decline. The value of a Sub-Fund’s investments may fluctuate with the level of prevailing interest rates from time to time.

(b)    the risk that the cost of any borrowing by the Sub-Fund, on which interest is payable at a variable rate, will increase if the relevant rate of interest moves higher. Conversely, assets which earn interest at a variable rate will suffer a decline in income if the relevant rate of interest declines.

Credit Ratings

The Sub-Fund shall invest in debt securities which are rated Investment Grade at the point of investment. Management of the Sub-Fund’s investments thus involve substantial reliance on credit ratings. Credit ratings are assigned by rating agencies. The level of a credit rating is an indication of the probability that (in the opinion of the rating agency) payments will be made on the relevant bond(s) or other obligation(s) to which the credit rating relates. While credit ratings can be a useful tool for financial analysis, they are not a guarantee of quality or a guarantee of future performance in relation to the relevant obligations. Ratings assigned to securities by rating agencies may not fully reflect the true risks of an investment. Ratings may also be withdrawn or revised at any time.

Redemption prior to maturity

In the event that a Unit Holder redeems prior to the Maturity Date, there is a substantial risk that he/she/it will not receive the value of his/her/its initial investment and a return of 3% per annum, which would otherwise be guaranteed in accordance with the terms of this Offering Supplement. This could expose Unit Holders to losses or to lesser returns than would have been achieved had a Unit Holder held his/her/its investment until the Maturity Date. Unit Holders should refer to the sub-section entitled ‘Early Redemption; loss of benefits’ under the section “Purchase, Distributions & Redemptions” for further information.

In addition, Unit Holders submitting an early redemption request prior to Maturity Date may also incur a redemption fee. Unit Holders should refer to the sub-section entitled ‘Redemption Fee’ under the section “Fees” for further information.

 

 

 

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BOV Capital Guaranteed Fund 2026


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BOV Capital Guaranteed Fund 2026


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BOV Capital Guaranteed Fund 2026




*This limited-time opportunity will close earlier if the offer is fully taken up.

The value of your investment may go down as well as up in case of a claim before maturity. If held to maturity your Capital and Income is Guaranteed by Bank of Valletta p.l.c., a company authorised and regulated by the Malta Financial Services Authority (MFSA), in terms of a contract entered into between the Bank of Valletta p.l.c. and MAPFRE MSV Life p.l.c. This guarantee is subject to conditions as outlined in the product documentation.

This advert is issued by Bank of Valletta p.l.c.,58, Triq San Zakkarija, il-Belt Valletta VLT1130. Bank of Valletta p.l.c. is enrolled Tied Insurance Intermediary under the Insurance Distribution Act, Cap. 487 of the Laws of Malta for MAPFRE MSV Life p.l.c. (MMSV). MMSV is authorised under the Insurance Business Act,Cap. 403 of the Laws of Malta. BOV Asset Management is authorised to provide investment management services in Malta. All entities are regulated by the Malta Financial Services Authority. The product is manufactured by MAPFRE MSV Life and is distributed by Bank of Valletta p.l.c. It is the underlying fund that is offered by BOV Asset Management. 

 

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BOV Asset Management Limited is licensed to conduct investment services in Malta under the Investment Services Act (Cap.370 of the laws of Malta) by the Malta Financial Services Authority.