Beltone B-Cobonat Fund

Beltone B-Cobonat Fund is an open-ended investment fund with periodic returns, and “B-Coupons” is the second issuance of Beltone’s multi-issuance fund for investment in fixed-income instruments. The fund allows investors to make daily purchases and weekly redemptions, in accordance with the terms and schedules specified in the issuance information memorandum.

Beltone B-Cobonat Fund aims to invest in fixed-income instruments while diversifying assets to reduce risks. It adheres to a minimum credit rating for the debt instruments in which it invests of no less than (-BBB) or its equivalent. Investments are allocated according to the following limits:

Treasury bills and bonds, government sukuk, and any government-guaranteed securities: a maximum of 100% of invested funds. Corporate bonds, securitization bonds, and sukuk: a maximum of 40% of invested funds, and not exceeding 15% of the issuance value for each individual issuance. Units of money market funds and debt instruments: a maximum of 20% of invested funds, and not exceeding 5% of the number of units of the fund in which the investment is made. Bank deposits, interest-bearing current accounts, savings accounts, and savings and investment certificates denominated in local currency with banks registered with the Central Bank: a maximum of 30% of total funds. Repurchase agreements (repos): a maximum of 40% of invested funds. Other investments subject to the Authority’s approval: a maximum of 25%, provided that prior approval is obtained and disclosure is made to unit holders.

The issuance features cumulative periodic returns, whereby retained profits generated from the issuance’s investments, if any, are reinvested, thereby reflecting on the value of the unit. The fund may distribute cash dividends on a monthly periodic basis from realized profits, and the investment manager is authorized to determine the amount of distributions, provided that they do not exceed 90% of the realized profits exceeding the nominal value of the unit.