Crosby Dragon Fund was the first open end fund launched by Crosby Asset Management (Pakistan) on December 15, 2003.
Crosby Dragon Fund is an equity fund that keeps the investors’ risk appetite in view and aims to optimize returns to commensurate with the risk exposure.
During the last two financial years, the fund posted the highest returns amongst its peers. During the financial year ended June 30, 2007, the fund posted gains of 62.94% whereas during the year ended June 30, 2008, the fund posted a 35% return.
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Crosby Dragon Fund Offering Document [PDF 464KB] |
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Crosby Dragon Fund - Trust Deed [PDF 173KB] |
Fund Information
| Fund Structure | Open End |
| Fund Strategy | Equity |
| Duration | Perpetual |
| Stock Exchange Listing | Islamabad Stock Exchange |
| Par Value | PKR 100 |
| Investment Objective | The investment objective of the Fund is to generate optimum returns for investors while considering their risk appetite, comparable returns, and concern for the safety of their capital. |
| Investment Horizon | Listed equities, cash and near cash items which include bank deposits (not TDR’s) and less than 90 days maturity T-bills |
| Investment Policy | The portfolio shall comprise mainly of equity investments along with investments in cash and near cash items. |
| Risk Profile | Moderate |
| Seed Capital | Rs. 250 Million |
| Minimum Subscription |
Rs. 10,000 |
| Types of Units | Growth Units - the unit value grows in line with the growth in NAV – with option to receive dividend as cash or Bonus Units |
Operational Specifics
| Dealing Days | Monday thru Friday (from 9.00 am to 3.00 pm) |
| Management Fee | 2% per annum of the average annual net assets of the scheme |
| Sales Load | Front End: 2% |
| Trustee | Central Depository Company of Pakistan Limited |
| Auditor | Ford Rhodes Sidat Hyder & Co. |
