The Foord International Trust Aims to achieve maximum returns with minimum risk from a portfolio of international equity and fixed interest investments. Specifically the aim is to produce a 10% to 15% annualized return over time in US$, thereby expecting to outperform world equity indices.

Investment Policy:
A dynamic asset allocation policy is followed, with a concentrated portfolio being held of undervalued, high quality investments which are geographically diversified. Use will normally not be made of derivatives or currency hedging.

Structure and parties involved:
A US$ denominated Guernsey based unit trust managed by Foord Asset Management (Guernsey), independently ranked as one of the top performing international balanced [equity and bond] funds in the world since its launch in 1997.  The Trustee and Custodian is Royal Bank of Canada (Channel Islands) Limited, a subsidiary of Royal Bank of Canada. The Administrator and Registrar is Close Fund Services, a subsidiary of London based Close Group plc. Guernsey in the Channel Islands is a closely regulated offshore centre. Any withholding taxes and nominal Guernsey company tax aside, no taxes are levied on the unit trust in its country of domicile.

The fund is approved for marketing in South Africa under section 65 of the Collective Investment Schemes Control Act (CISCA). 

Minimum investment:
US$10 000 (or currency equivalent) with subsequent investment of US$1 000 (or currency equivalent).

Charges:
A redemption charge of 1% on units held for less than 12 months, zero thereafter. There is an annual management charge of 1.35%. The charge may be increased to 1.5% p.a after due notice to unitholders.

Distributions:
Accumulation units only are being issued, income being reinvested in the portfolio.

Reporting:
Apart from statutory Interim and Final Reports, a quarterly investment report is circulated to holders.

Dealings:
Weekly on a Tuesday in Guernsey in respect of applications and redemptions received by 4pm the previous day, based on valuations at 11pm on the Monday. Euros, Sterling and Dollars may be received.

The unit price is listed daily in the Financial Times [of London].

TO ACCESS MORE INFORMATION ON THE FOORD INTERNATIONAL TRUST VISIT www.foordinternational.com.  Application Forms are available for download here.