|
Sector Allocation for
the Excel Income and Growth Fund |
| Sector | Weightage
(% of total assets) | | Financial Services | 11.99% | | Corporate Bond | 10.95% | | Telecommunications | 8.66% | | Consumer Products | 7.93% | | Real Estate Investment Trust | 7.56% | | Cash & Cash Equivalents | 6.81% | | Oil & Gas | 6.28% | | Information Technology | 5.50% | | Metals & Mining | 5.45% | | Infrastructure & Development | 5.15% | | Entertainment | 4.11% | | Industrial & Manufacturing | 3.90% | | Pharmaceuticals & Healthcare | 3.33% | | T Bills | 2.27% | | Shipping & Transportation | 2.22% | | Real Estate & Property Management | 2.20% | | Retail & Merchandising | 2.17% | | Agricultural & Forestry Products | 2.00% | | Bank Notes | 1.52% |
| | Statistics as of 4/30/2008 |
The objective of Excel Income and Growth Fund is
to provide investors with a balance of income and
growth investments in income paying equity and debt
securities from around the world. We have identified
numerous opportunities whereby investors may participate
in income and growth investments in world markets
with substantially lower risk while receiving a
strong income stream, on a monthly basis, starting
July 2007. KEY AREAS OF OPPORTUNITY
– EQUITIES
Australian Infrastructure Group
– Offers high yields, and global
asset diversification
For Example: Macquarie Infrastructure Group (MIG)
United States REITs and MLPs
– Prefer Healthcare and Apartment REITs-
particularly in markets with barriers to entry
– MLPs (Master Limited Partnerships) with
high single digit yields, and the ability to grow
organically, as well as make acquisitions
For Example: Rayonier (US)
European Real Property Managers
–Asset prices currently being driven
by private equity
–Rental increases not keeping up with property
values (low yields)
–Introduction of REITs structure in UK and
Germany could provide catalyst for growth opportunities
For Example: Deutsche Whonen
Hong Kong Utilities, Singapore REITs
–Singapore based REITs are expanding into
India and China
–Hong Kong based utilities expanding into
Mainland China and may offer good yields and growing
dividends.
For Example: Ascendas REIT (AREIT) Singapore.
KEY AREAS OF OPPORTUNITY –
FIXED INCOME
Government of India - 364-day Treasury Bills
India's short term government debt provides a
lower risk superior source of income, and may
comprise a 35% core position in the fund. |
