FUND FACTS Global Iman Fund, Series A March 28, 2013

Transcription

1 FUND FACTS Global Iman Fund, Series A March 28, 2013 This document contains key information you should know about the Series A units of Global Iman Fund. You can find more detailed information in the fund s simplified prospectus. Ask your adviser for a copy, contact Global Growth Assets Inc. at or toll free at or info@globalgrowth.ca or visit Quick facts Date fund created March 6, 2009 Portfolio manager UBS Investment Management Canada Inc. Total value on February 28, 2013 $7,736,966 Minimum investment $500 initial, $25 additional Management expense ratio (MER) 2.82% What does the fund invest in? The fund provides investors with long term growth by investing primarily in a diversified portfolio of global investments that are in accordance with Islamic investment principles. The charts below give you a snapshot of the fund s investments on February 28, The fund s investments will change. Top 10 investments (February 28, 2013) Investment Mix (February 28, 2013) Issuer % of Net Asset Value 1 Exxon Mobil Corp. 6.96% 2 Cash 6.76% 3 Microsoft Corp. 4.98% 4 CVS Caremark Corp 4.93% 5 Apple Inc. 4.75% 6 Google Inc. Class A 4.46% 7 Chevron Corp. 4.35% 8 Novartis AG, Registered 4.18% 9 Qualcomm Inc. 3.95% 10 Johnson & Johnson 3.85% Total Investments 32 The top 10 investments make up 49.17% of the fund. How has the fund performed? This section tells you how the fund has performed over the past 3 years. Returns are after expenses have been deducted. These expenses reduce the fund s returns. It s important to note that this doesn t tell you how the fund will perform in the future. Also, your actual after tax return will depend on your personal tax situations. How risky is it? When you invest in a fund, the value of your investment can go down as well as up. Global Growth Assets Inc. has rated this fund s risk as. For a description of the specific risks of the fund, see the fund s simplified prospectus. Average return A person who invested $1,000 in the fund since inception now has $1,177. This works out to an annualized return of 4.16% for the period of March 6, 2009 to February 28, low low to to Are there any guarantees? Like most mutual funds, this fund doesn t have any guarantees. You may not get back the amount of money you invest.

2 Global Iman Fund, Series A Year by Year returns This chart shows the series annual performance for the years shown. The fund dropped in value in two of the years shown. Who is this fund for? Investors who: seek capital appreciation in a Shari ah compliant global equity mutual fund; seek capital appreciation in a fund with an ethical or socially responsible philosophy; have a risk tolerance; and have the ability to invest for the to long term Before you invest in any fund, you should consider how it would work with your other investments and your tolerance for risk. A word about tax In general, you'll have to pay tax on any money you make on a fund including your share of the fund's earnings and on taxable capital gains from redeeming your investment. How much tax you pay depends on your tax rate, whether or not you hold the fund in a registered plan and the type of earnings of the fund (e.g. interest, dividends, capital gains, etc.). In general, you do not pay tax on your investments held in a Registered Retirement Savings Plan, Tax Free Savings Account or other registered plan. If you hold your investment outside of a registered plan, you will receive a tax slip showing your share of the fund's earnings. You must include the amounts shown in your income whether you get them in cash or have them reinvested. You must calculate your taxable capital gains from a redemption. How much does it cost? The following tables show the fees and expenses you could pay to buy, own and sell Series A units of the fund. The fees and expenses are different for each Series. Ask about other Series that may be suitable for you. 1. Sales charges You have to choose a sale charge option when you buy the fund. Ask about the pros and cons of each option. Sales charge option What you pay How it works in percent (%) in dollars ($) Initial sales charge 0% 5% Up to $5.00 on every $1,000 you buy You and your dealer negotiate the rate. The initial sales charge is deducted from the amount you invest at the time of purchase and is paid to your dealer as sales commission. Deferred sales charge If you sell within: N/A at time of purchase You do not pay a fee to your dealer. 1 year of buying 5.75% 2 years of buying 5.5% 3 years of buying 5.0% 4 years of buying 4.5% 5 years of buying 4.0% 6 years of buying 3.0% 7 years of buying 2.0% After 7 years 0.0% Ranges from $57.50 to $0 at the time of redemption (based on $1,000 redemption) The deferred sales charge is a set rate. It is deducted from the amount you receive at the time you sell. It is a percentage of the original purchase price. When you buy the fund, the Manager pays a sales commission of 5% to your dealer. Any deferred sales charge you pay goes to the Manager. You can sell up to 10% of your deferred sales charge units held on December 31 of the preceding year that would otherwise be subject to the redemption fee, at no charge. Low load charge option If you sell within: N/A at time of purchase You do not pay a fee to your dealer.

3 Global Iman Fund, Series A 1 year of buying 3.0% 2 years of buying 2.5% 3 years of buying 2.00% After 3 years 0.0% Ranges from $30 to $0 at the time of redemption (based on $1,000 redemption) The low load sales charge is a set rate. It is deducted from the amount you receive at the time you sell. It is a percentage of the original purchase price. When you buy the fund, the Manager pays a sales commission of 2% to your dealer. Any low load sales charge you pay goes to the Manager. 2. Fund expenses You don t pay these expenses directly. They affect you because they reduce the fund s returns. As of December 31, 2012, the fund s expenses were 2.89% of its value. This equals $28.90 for every $1,000 invested. Annual rate (as a % of the fund s value) Management expense ratio (MER) This is the total of the fund s management fee and operating expenses. The Manager absorbed some of the fund s expenses. If we had not done so, the MER would have been er. 2.82% Trading expense ratio (TER) These are the fund s trading costs 0.07% Fund expenses 2.89% Trailing Commission Global Growth Assets Inc. pays your dealer a portion of its management fee to assist your dealer in providing you with continuing advice and service. The trailing commission is paid for as long as you own the fund. The trailing commission is determined as follows: Purchase Option Annual Rate Period Series A units Held in Dealer Account Initial Sales Charge Option 1.00% each year each year ($10.00 for each $1,000 investment) Deferred Sales Charge Option 0.50% ($5.00 for each $1,000 investment) 1.00% ($10.00 for each $1,000 investment) Low Load Sales Charge Option 0.75% ($7.50 for each $1,000 investment) 1.00% ($10.00 for each $1,000 investment) 3. Other fees You may have to pay other fees when you sell or switch units of the fund. Fee Short term trading fee Switch fee What you pay for years 1 to 7 thereafter for years 1 to 3 thereafter Up to 2% of the value of units you redeem or switch within 90 days of buying them, payable to the fund. You may switch your units for Series F units of the fund. Your dealer may charge you up to 2% of the value of the units switched.

4 Global Iman Fund, Series A What if I change my mind? Under securities law in some provinces and territories, you have the right to: withdraw from an agreement to buy mutual fund units within two business days after you receive a simplified prospectus, or cancel your purchase within 48 hours after you receive confirmation of the purchase. In some provinces and territories, you also have the right to cancel a purchase, or in some jurisdictions, claim damages, if the simplified prospectus, annual information form or financial statements contain a misrepresentation. You must act within the time limit set by the securities law in your province or territory. For more information, see the securities law of your province or territory or ask a lawyer. For more information Contact Global Growth Assets Inc. or your adviser for a copy of the fund s simplified prospectus and other disclosure documents. These documents and the Fund Facts make up the fund s legal documents. Global Growth Assets Inc. 100 Mural Street, Richmond Hill, Ontario, L4B 1J3 Phone: Toll free: info@globalgrowth.ca

5 FUND FACTS Global Iman Fund, Series F March 28, 2013 This document contains key information you should know about the Series F units of Global Iman Fund. You can find more detailed information in the fund s simplified prospectus. Ask your adviser for a copy, contact Global Growth Assets Inc. at or tollfree at or info@globalgrowth.ca, or visit Quick facts Date fund created October 28, 2010 Portfolio manager UBS Investment Management Canada Total value on February 28, 2013 $7,736,966 Minimum investment $1,000 initial, $25 additional Management expense ratio (MER) 1.69% What does the fund invest in? The fund provides investors with long term growth by investing primarily in a diversified portfolio of global investments that are in accordance with Islamic investment principles. The charts below give you a snapshot of the fund s investments on February 28, The fund s investments will change. Top 10 investments (February 28, 2013) Investment Mix (February 28, 2013) Issuer % of Net Asset Value 1 Exxon Mobil Corp. 6.96% 2 Cash 6.76% 3 Microsoft Corp. 4.98% 4 CVS Caremark Corp 4.93% 5 Apple Inc. 4.75% 6 Google Inc. Class A 4.46% 7 Chevron Corp. 4.35% 8 Novartis AG, Registered 4.18% 9 Qualcomm Inc. 3.95% 10 Johnson & Johnson 3.85% Total Investments 32 The top 10 investments make up 49.17% of the fund. How has the fund performed? This section tells you how the fund has performed over the past 2 years. Returns are after expenses have been deducted. These expenses reduce the fund s returns. It s important to note that this doesn t tell you how the fund will perform in the future. Also, your actual after tax return will depend on your personal tax situations. How risky is it? When you invest in a fund, the value of your investment can go down as well as up. Global Growth Assets Inc. has rated this fund s risk as. For a description of the specific risks of the fund, see the fund s simplified prospectus. Average return A person who invested $1,000 in the fund since inception now has $1,211. This works out to an annualized return of 8.52% for the period of October 28, 2010 to February 28, Year by Year returns This chart shows the series annual performance for the years shown. The fund dropped in value in one of the years shown. low low to to Are there any guarantees? Like most mutual funds, this fund doesn t have any guarantees. You may not get back the amount of money you invest. Who is this fund for? Investors who: seek capital appreciation in a Shari ah compliant global equity mutual fund; seek capital appreciation in a fund with an ethical or socially responsible philosophy;

6 Global Iman Fund, Series F have a risk tolerance; and have the ability to invest for the to long term Before you invest in any fund, you should consider how it would work with your other investments and your tolerance for risk. A word about tax In general, you'll have to pay tax on any money you make on a fund including your share of the fund's earnings and on taxable capital gains from redeeming your investment. How much tax you pay depends on your tax rate, whether or not you hold the fund in a registered plan and the type of earnings of the fund (e.g. interest, dividends, capital gains, etc.). In general, you do not pay tax on your investments held in a Registered Retirement Savings Plan, Tax Free Savings Account or other registered plan. If you hold your investment outside of a registered plan, you will receive a tax slip showing your share of the fund's earnings. You must include the amounts shown in your income whether you get them in cash or have them reinvested. You must calculate your taxable capital gains from a redemption. How much does it cost? The fees and expenses are different for each Series. Ask about other Series that may be suitable for you. There are no sales charges payable on the purchase of series F units. Instead you may be required to pay your dealer an advisory or asset based fee directly. 1. Fund expenses You don t pay these expenses directly. They affect you because they reduce the fund s returns. As of December 31, 2012, the fund s expenses were 1.76% of its value. This equals $17.60 for every $1,000 invested. Annual rate (as a % of the fund s value) Management expense ratio (MER) This is the total of the fund s management fee and operating expenses. The Manager absorbed some of the fund s expenses. If we had not done so, the MER would have been er. 1.69% Trading expense ratio (TER) These are the fund s trading costs 0.07% Fund expenses 1.76% 3. Other fees You may have to pay other fees when you sell or switch units of the fund. Fee Short term trading fee Switch fee Redemption fee What you pay Up to 2% of the value of units you redeem or switch within 90 days of buying them, payable to the fund. You may switch your units for Series A units of the fund. Your dealer may charge you up to 2% of the value of the units switched. There is no fee when you redeem Series F units of the fund unless you switch or redeem within 90 days of purchase or switch.

7 Global Iman Fund, Series F What if I change my mind? Under securities law in some provinces and territories, you have the right to: withdraw from an agreement to buy mutual fund units within two business days after you receive a simplified prospectus, or cancel your purchase within 48 hours after you receive confirmation of the purchase. In some provinces and territories, you also have the right to cancel a purchase, or in some jurisdictions, claim damages, if the simplified prospectus, annual information form or financial statements contain a misrepresentation. You must act within the time limit set by the securities law in your province or territory. For more information, see the securities law of your province or territory or ask a lawyer. For more information Contact Global Growth Assets Inc. or your adviser for a copy of the fund s simplified prospectus and other disclosure documents. These documents and the Fund Facts make up the fund s legal documents. Global Growth Assets Inc. 100 Mural Street, Richmond Hill, Ontario, L4B 1J3 Phone: Toll free: info@globalgrowth.ca TOR01: : v (040413)