Investec Global Strategy Fund Ld
13 March 2001
Letter to Company Announcements Office
12 March 2001
INVESTEC GLOBAL STRATEGY FUND LIMITED REPORT AND ACCOUNTS
We are pleased to advise that at a meeting of the Board of Directors of the
above-named company held in Guernsey on Friday 9th March, 2001, the Annual
Report to 31st December 2000, as agreed with the Company's auditors, was
approved.
Below is a copy of the Revenue Account which contains comparative figures for
the equivalent period in 1999.
Dividends payable by the Company are as per the schedule below, and were
approved by the Board at the above meeting.
Letter from Investec Asset Management Guernsey Limited
NAME SHARE CLASS DEC.DATE PAY DATE AMOUNT
GEF Investec A Euro Money Fund 31/12/2000 17/01/2001 EUR0.51
GGB Investec A Sterling Money Fund 31/12/2000 17/01/2001 £0.28
GGS Investec A Sterling Bond Fund 31/12/2000 17/01/2001 £0.17
GEH Investec A European High Inc. 31/12/2000 17/01/2001 EUR0.51
Bond Fund
GUK Investec A U.K. Equity Fund 31/12/2000 17/01/2001 £0.11
GMS Investec A Sterling Managed Fund 31/12/2000 17/01/2001 £0.20
GSH Investec A Sterling High Income 31/12/2000 17/01/2001 £0.30
Bond Fund
GUS Investec A U.S.Dollar Money Fund 31/12/2000 17/01/2001 $0.62
GMC Investec A Managed Currency Fund 31/12/2000 17/01/2001 $0.86
GBO Investec A Global Bond Fund 31/12/2000 17/01/2001 $0.64
GHI Investec A Global High Inc.Bond 31/12/2000 17/01/2001 $0.41
Fund
GDB Investec A U.S.Dollar Bond Fund 31/12/2000 17/01/2001 $0.68
GEB Investec A European Bond Fund 31/12/2000 17/01/2001 EUR0.51
GEN Investec A Energy Fund 31/12/2000 17/01/2001 $0.019
GHK Investec A Hong Kong Equity Fund 31/12/2000 17/01/2001 $0.38
GBG Investec A Global Balanced Fund 31/12/2000 17/01/2001 $0.22
GMD Investec A Dollar Managed Fund 31/12/2000 17/01/2001 $0.26
GGO Investec A Global Gold Fund 31/12/2000 17/01/2001 $0.045
GPR Investec A Privatisation Fund 31/12/2000 17/01/2001 $0.03
GDH Investec A US Dollar High Income 31/12/2000 17/01/2001 $0.72
Bond Fund
GMC Investec C Managed Currency Fund 31/12/2000 17/01/2001 $0.36
GBO Investec C Global Bond Fund 31/12/2000 17/01/2001 $0.28
GHI Investec C Global High Inc.Bond 31/12/2000 17/01/2001 $0.37
Fund
GDB Investec C U.S.Dollar Bond Fund 31/12/2000 17/01/2001 $0.47
GBG Investec C Global Balanced Fund 31/12/2000 17/01/2001 $0.08
Revenue Account
for the year ended 31 December 2000
Year
ended
31 U.S.
December 2000 Dollar Sterling Euro
1999 Total Money Money Money
US$000s Notes US$000s US$000s £000s 000s
Revenue
12,171 Dividends
receivable 1(f), 2(a) 11,505 - - -
31,780 Income from fixed
interest securities 1(f), 2(b) 33,757 576 71 20
11,252 Interest receivable 1(f), 2(c) 11,213 2,870 2,207 691
55,203 Total revenue 56,475 3,446 2,278 711
Expenses
12,526 Management fee 14,718 268 191 85
1,571 Custodian fee 1,647 - - -
117 Directors' fee 117 4 4 2
60 Auditors' remuneration 90 3 3 1
1,884 Promotional contribution 1,918 - - -
296 Safe custody charges 473 - - -
668 Registration expenses 769 27 19 8
1,066 Administration, legal
and other expenses 1,285 47 30 20
1 Guernsey exempt
company fee 1 - - -
122 Interest payable 318 3 - -
18,311 21,336 352 247 116
Net revenue/(deficit) before
36,894 Equalisation 35,139 3,094 2,031 595
(2,255) Taxation (2,034) - - -
Net equalisation received/
(paid) on applications
270 and redemptions 3 (881) 491 (556) 14
34,909 Net revenue for the financial
year 32,224 3,585 1,475 609
290 Retained revenue brought
forward 311 6 35 -
1,780 Transfer from/(to)
capital reserves 6 3,956 - - -
36,979 Total distributable revenue 36,491 3,591 1,510 609
36,666 Dividends 18 36,272 3,561 1,503 605
$311 Retained revenue carried
forward $219 $30 £7 E4
Year
ended
31 U.S.
December Managed Dollar Sterling
1999 Currency Managed Money
US$000s Notes US$000s US$000s £000s
Revenue
12,171 Dividends
receivable 1(f), 2(a) - - -
31,780 Income from fixed
interest securities 1(f), 2(b) 1,959 445 1,432
11,252 Interest receivable 1(f), 2(c) 1,193 221 313
55,203 Total revenue 3,152 666 1,745
Expenses
12,526 Management fee 395 81 188
1,571 Custodian fee 62 13 31
117 Directors' fee 4 1 4
60 Auditors' remuneration 3 1 3
1,884 Promotional contribution 68 13 34
296 Safe custody charges 5 1 2
668 Registration expenses 25 5 13
1,066 Administration, legal
and other expenses 44 9 22
1 Guernsey exempt
company fee - - -
122 Interest payable - 1 6
18,311 606 125 303
Net revenue/(deficit) before
36,894 Equalisation 2,546 541 1,442
(2,255) Taxation - - -
Net equalisation received/
(paid) on applications
270 and redemptions 3 (185) (203) (125)
34,909 Net revenue for the financial
year 2,361 338 1,317
290 Retained revenue brought
forward 13 16 41
1,780 Transfer from/(to)
capital reserves 6 - - -
36,979 Total distributable revenue 2,374 354 1,358
36,666 Dividends 18 2,371 351 1,354
$311 Retained revenue carried
forward $3 $3 £4
Global U.S.Dollar
Global High U.S. High
Emerging Global Income Dollar Income Sterling
Currency Bond Bond Bond Bond Bond
US$000s US$000s US$000s US$000s US$000s £000's
- - - - - -
227 4,390 6,064 2,926 209 6,835
57 144 57 296 5 212
284 4,534 6,121 3,222 214 7,047
33 808 576 377 18 751
4 100 69 63 3 125
- 6 4 4 - 11
- 5 3 3 - 8
4 109 75 68 4 136
- 17 20 10 1 9
2 40 28 26 2 50
2 65 46 41 3 74
- - - - - -
- 19 124 - - 8
45 1,169 945 592 31 1,172
239 3,365 5,176 2,630 183 5,875
- (9) - - - -
(21) (294) (206) 270 20 35
218 3,062 4,970 2,900 203 5,910
- 19 14 6 - 23
(4) - - - - -
214 3,081 4,984 2,906 203 5,933
214 3,067 4,967 2,905 203 5,884
$- $14 $17 $1 $- £49
Sterling European Asian
High High Pacific
Income European Income Currency Global
Bond Bond Bond and Bond Balanced
£000s E000s E000s US$000s US$000s
- - - - 168
63 2,329 1,211 478 567
19 123 192 24 283
82 2,452 1,403 502 1,018
7 425 148 79 294
1 53 19 9 37
- 3 1 - 2
- 2 1 - 2
2 58 20 10 40
- 8 8 1 7
1 21 7 4 15
1 37 13 5 25
- - - - -
- 4 7 14 -
12 611 224 122 422
70 1,841 1,179 380 596
- (49) (1) - (57)
12 178 29 (56) 12
82 1,970 1,207 324 551
- 13 13 8 7
- - - - -
82 1,983 1,220 332 558
80 1,964 1,215 332 555
£2 E19 E5 $- $3
American Asia Asian
Global American Smaller U.K. New Smaller
Equity Equity Companies Equity Economy Companies
Notes US$000s US$000s US$000s £000s US$000s US$000s
Revenue
Dividend receivable 1(f), 1,318 253 25 1,204 449 90
2(a)
Income from fixed 1(f),
interest securities 2(b) 5 6 - - - -
Interest receivable 1(f), 138 85 12 69 72 3
2(c)
Total Revenue 1,461 344 37 1,273 521 93
Expenses
Management fee 1,152 265 41 554 446 76
Custodian fee 142 32 5 70 55 6
Directors' fee 8 2 - 6 3 -
Auditors' remuneration 6 1 - 5 2 -
Promotional contribution 153 35 6 75 59 6
Safe custody charges 30 5 1 5 51 3
Registration expenses 57 13 2 28 22 3
Administration, legal and
other expenses 90 21 4 41 35 4
Guernsey exempt company
fee - - - - - -
Interest payable 5 - - 3 1 2
1,643 374 59 787 674 100
Net revenue (deficit)
before
Equalisation (182) (30) (22) 486 (153) (7)
Taxation (281) (73) (7) (6) (45) (7)
Net equalisation
received
/(paid) on
applications and
redemptions 3 - - - 9 - -
Net revenue for the
financial
year (463) (103) (29) 489 (198) (14)
Retained revenue brought
forward - - - 8 32 -
Transfer from/(to)
capital reserves 6 463 103 33 - 166 14
Total distributable
revenue - - 4 497 - -
Dividends 18 - - 4 487 - -
Retained revenue carried
forward $- $- $- £10 $- $-
Hong Japan European Global
Kong Japan Smaller Continental Smaller Emerging
Equity Equity Companies European Companies Markets
US$000s US$000s US$000s US$000s US$000s US$000s
458 255 61 2,297 217 155
4 1 - 6 - -
9 25 4 322 65 13
471 281 65 2,625 282 168
202 473 81 1,718 247 166
25 59 10 211 31 21
1 3 1 12 2 1
1 3 - 9 1 1
27 63 11 226 33 22
8 10 2 60 8 52
10 23 4 84 12 8
16 37 6 135 19 13
- - - - - -
2 - - 1 - 13
292 671 115 2,456 353 297
179 (390) (50) 169 (71) (129)
- (51) (12) (605) (55) (23)
3 - - 56 - -
182 (441) (62) (380) (126) (152)
1 - - - - -
1 441 62 380 126 152
184 - - - -
184 - - - - -
$- $- $- $- $- $-
Global Wired(R)
Global Global Global Smaller Index
Energy Gold Privatisation Companies Fund
US$000s US$000s US$000s US$000s US$000s
106 35 2,788 111 921
- - - - -
3 6 115 29 3
109 41 2,903 140 924
57 20 1,629 61 2,008
7 3 162 8 104
- - 9 1 15
- - 7 - 12
8 2 174 9 251
1 1 94 1 45
3 1 64 3 91
4 2 102 6 166
- - - - -
5 2 21 3 67
85 31 2,262 92 2,759
24 10 641 48 (1,835)
(24) (4) (534) (19) (174)
1 (2) (32) (8) -
1 4 75 21 (2,009)
- 1 - - (11)
- - 1 (2) 2,020
1 5 76 19 -
1 5 76 19 -
$- $- $- $- $-