The objective of the NAMAL Income Fund is to provide
investors with a higher income at a low level of risk in the medium to long
term.
To achieve this objective the fund invests in high quality, income producing
instruments that generate superior yields in the long term at reasonable levels
of risk. The funds investments are exclusively in fixed income securities.
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The fund attracts a management participation of 1.25% based on the net asset
value of the investment. An exit fee of 1% of the net asset value of the
investment is charged if the investment is withdrawn prior to the completion of
one calendar year.
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