TAIB's Income Fund is managed for steady returns through a diversified portfolio of high-yield, fixed income securities -- as they offer reliable earnings and protection from the risks associated with equity funds. The Fund invests across TAIB's markets as well as in U.S. collateralized mortgage obligations (CMOs), to reduce currency risk and mitigate the negative effects of market fluctuations in any one country.

Investment Objectives
To increase returns through a diversified portfolio of fixed income securities, while preserving the principal and avoiding the risk of equities, with the goal to pay a quarterly dividend of at least 6% per year.

Investment Strategy
The TAIB Income Fund focuses on treasury bills issued by various sovereign governments and other securities with maturities of one year of less, government bonds, bank debt and CMOs issued by U.S. government-sponsored agencies --capitalizing on the fact that even credit-worthy emerging markets often pay above-market rates for short-term borrowing.

Fund Manager
TAIB Bank B.S.C.(C).

Principal Features

Type of Fund
Open-ended fund (a sub-fund of TAIB Managed Funds, Ltd. British Virgin Islands)

Minimum Subscription
US$100,000

Entry
Every month at NAV plus 2%

Redemption
As of 30 September and 31 March at NAV

Redemption Penalty
Nil

Net Asset Value
Its determined every month and available in TAIB website http://www.taibdirect.com/NAV.cfm.

Management Fee
1.2% p.a.

Performance Fee
Payable on growth basis as on 30 June as follows:

Taxation
British Virgin Islands - No tax on non-residents

Investment Restrictions
The Fund will not:

	Invest more than 25% of its assets in any one emerging market
	Invest less than 50% of its assets in dollar-denominated securities
	Borrow more than three times its assets

Performance Chart

Please Contact:

Thomas Kelly : 973 17549409 
Hasan Al-Mahroos : 973 17549374

E mail: funds@taib.com