FAQ

  • Who owns Tramita Funds?
    Tramita Management Limited is indirectly owned by executives of Heritage Group and trusts which are held for the benefit of the executives of Heritage and their families.
  • How long has Tramita Management Limited been managing mutual funds?
    The first Tramita funds were launched on 1 January 2002.
  • Is Tramita a "value" manager?
    Our approach is to identify equities with prices that are well below what we perceive to be the intrinsic value of the company. This results in a value orientation, however we do not limit our selected equities to only those that would be defined as value stocks based on their current financial ratios. This is because we seek companies with attractive growth prospects and our expectations of such growth meaningfully affect our assessment of a company's intrinsic value.
  • Where is Tramita based?
    All portfolio management for the Tramita funds is conducted by a team based in Dominica. It is responsible for all trading and administration, and for investment research. The portfolio management team is further supported by investment research provided by Tramita offices in Spain and Canada.
  • Have there been any meaningful changes in the investment team?
    No. There has been no change in the portfolio manager of the Tramita funds during the past four years.
  • Have there been any meaningful changes in the investment process?
    No. We do, however, constantly and actively review our investment process as we attempt to identify our mistakes and learn from them.
  • What are your fees?
    The fees for the Tramita Funds are performance based. They typically range between 0.5% and 3.5% per annum of the net assets of each fund.
  • Do the principals of Tramita Funds have their own money invested in the Tramita funds?
    Yes, the majority of the financial wealth of the key executives of Tramita Management Limited is invested in the Tramita Funds. Just as we prefer to buy companies in which management have a significant stake of their own wealth, we also believe that fund managers do a better job when their personal assets are pooled with those of their clients.
  • Is there an investor protection scheme?
    There is no investor protection scheme that applies to the Tramita Funds.
  • Are these UCITS funds?
    Tramita Funds are not classified as UCITS.
  • Are there restrictions as to who can invest in the Tramita funds?
    Yes. Tramita does not permit investments by UK persons in its offshore funds.
  • What funds do you offer?
    Tramita Management offers a range of mutual funds which are briefly described on the Tramita website: click here to view.
  • Can I register shares in the name of a Trust?
    Individuals or corporations that are investing in their capacity as trustees of a trust must register their investment in their own individual or corporate name. They may include as part of the registered name reference to the capacity in which they are acting such as "as trustees of the ABC Trust". However the persons in whose name the shares are registered will be the only persons recognised as the registered owners.
  • Can I add someone as a joint owner and not require them to co-sign transaction requests?
    Yes. To do this, the joint owners must deliver to Tramita Management Limited a properly executed power of attorney or joint mandate authorising and specifying an alternative basis of signing. Without this, all joint owners must sign both the Application and Switch Form and any instructions to transfer or redeem the shares.
  • What happens to my shares in the event of my death?
    In the event of the death of the registered owner, Tramita will re-register the shares and adjust its record of authorised signatories on receipt of the death certificate or a certified copy thereof and any other supporting documentation that may be required. If a joint owner dies, the remaining joint owner(s) will be the only persons recognised as having any title to the relevant shares.
  • Who is the Portfolio Manager of my fund?
    The Tramita investment decision making process is team based. This means that no one person in the group is solely responsible for management of your funds.
  • Do the Tramita funds pay dividends?
    It is anticipated that most of the total returns of the Tramita funds will be earned from capital appreciation on their investments rather than from dividends or other income. As a result, investors should expect that in most years, after deduction of a funds expenses, the fund might not have any net income available for dividends.
  • Do you send out statements?
    No. Printing nearly 100 million pages translates to saving 11,964 carbon-absorbing trees, according to the Environmental Defense Paper Calculator. We were one of the first companies to access paperless method. Decrease carbon dioxide emissions by an estimated 37 pounds per year, for each household! Would you go paperless to help the environment?
  • Is there a bid offer spread?
    No. All purchases and sales of shares in the Tramita offshore funds are priced at the net asset value per share of the respective Tramita fund on the Dealing Day.
  • When can I transact in the funds?
    The Tramita funds deal daily. Transfers may be effected on specific day of the week. See funds prospectus.
  • Can I send you my instructions by facsimile/e-mail?
    Yes, however, this must be followed up by the original instruction and your instruction will not be processed until the original has been received by Tramita Management Limited. You may elect to sign the 'Communications Agreement' which will allow you to transact by fax/e-mail without having to provide an original. Instructions sent by facsimile will only be accepted if sent to the fax number detailed below. The investor bears the risk of non-receipt of any instructions sent by facsimile.
    The 'Communications Agreement' can be downloaded here and should be signed by the authorised signatory(ies) and sent in original form to:

    Tramita Financial Group
    Cami Ral 161, Suite 103
    Mataro, Spain
    USA : +1 (866) 523-0248
    Spain : +34 (91) 791-5500
    E-mail : support@tramita.com
  • What are the funds dealing charges?
    Please read the funds prospectuses.
  • When will you confirm the details of my transaction?
    Once all complete and proper instructions have been received, confirmation of the transaction will normally be issued on the business day following the Dealing Day.
  • Can I trade your funds online?
    Yes.
  • Can somebody else give instructions on my behalf?
    Yes. If Tramita Management Limited has been provided with a properly executed power of attorney or other form of appropriate written authorisation, such persons may give instructions on your behalf.
  • What is the minimum amount that I can invest?
    The minimum initial subscription for Tramita offshore fund is usually US$2,000. Please read each funds prospectus for more details.
  • What is the minimum amount for an additional subscription?
    Once an investor has satisfied the minimum initial subscription amount, subsequent additions to his or her investment may be made in amounts as little as US$500 or its equivalent.
  • What documentation do I need to invest?
    Investors need to provide Tramita Management with an Application which may be obtained by clicking here. In addition, Tramita may require corporations to provide additional documents such as a memorandum of association and signing authorities or relevant mandates. Individuals may be required to provide copies of identification documents.
  • Where do I send the subscription money?
    The amount being subscribed should be remitted to Tramita Management by electronic bank transfer. For convenience, information and guidance on sending subscription monies are provided in your account management.
  • Where do I send the subscription documents?
    Subscription documentation should be sent to:

    Tramita Financial Group
    Cami Ral 161, Suite 103
    Mataro, Spain
    Fax
    USA : +1 (866) 523-0248
    Spain : +34 (91) 791-5500
  • Can I buy shares through my broker or advisor?
    Yes. Your broker or advisor can either complete the Application Form in your name on your behalf or can subscribe in its name as a nominee for you. In the former case, you will be required to sign the form and will be considered the registered owner of the shares. In the latter case, the broker or advisor will be considered by Tramita Management to be the owner of the shares.
  • What is the best way to send my subscription payment?
    Subscription payments must be sent by electronic bank transfer. Tramita Management is not permitted to accept cash payments or bank drafts.
  • What currency should I remit my subscription amount in?
    You may send your subscription amount in any Eligible Currency ('Eligible Currency' refers to the Euro, US dollars, Canadian dollars, Australian dollars, British pounds, Japanese yen and Swiss francs).
  • What is the deadline for redemptions?
    For all the funds Tramita Management must receive a properly completed Redemption Form or the equivalent by noon EST time on any Dealing Day in order for the redemption to be accepted on that day. Requests received after this deadline will be considered for the next Dealing Day.
  • What is the minimum amount for a redemption?
    Redemptions must be in the amount of at least US$1,500 (or its equivalent), but do not need to be in multiples of US$1,500.
  • When will I receive the redemption proceeds?
    Redemption proceeds will normally be remitted within three business days after properly completed documentation has been received. You can always redeem your funds online, using our account management.
  • How do I transfer my shares to another registered name?
    You may re-register your shares in another registered name simply by completing the Transfer Form. This will have to be signed by both the existing and prospective member. Tramita Management may require identification documents from the transferee in order to comply with anti-money laundering requirements.
  • Are there any fees for transferring?
    No. There are no fees associated with re-registering shares from one name to another.
  • Where are the funds latest returns available?
    The funds latest returns are available on the Tramita website: click here to view.
  • Where can I find the funds prices?
    The funds prices are available on the Tramita website www.tramita.com, by telephones:
    +1 (917) 463-4787
    +1 (866) 858-1105
  • Who calculates the funds prices?
    The funds published prices are calculated by Tramita Management and Heritage Group.
  • How are the values of the securities which are held in each fund determined?
    Heritage Group independently determines the value of the securities held by each fund. This is normally based on the last reported sale price as of 4:00 p.m. EST time for Global Fund, 3:00 p.m GMT +8 hours for China Fund and 1:00 p.m GMT +4 hours for Real Estate on the valuation day.
  • Whom do I contact to invest in the Tramita funds?
    Tramita Financial Group
    Cami Ral 161, Suite 103
    Mataro, Spain
    +1 (917) 463-4787
    +1 (866) 858-1105
    E-mail : support@tramita.com