Overview
Objective
AmBon Islam is a medium to long-term Islamic bond fund that aims to provide you with a stream of "halal" income.
Financial Year End: 30 Sept
Distribution Policy: Half-yearly, if any.
Investor Profile
Best suited if you:
Strategy
AmBon Islam seeks to achieve its objective by investing primarily in private debt securities with minimum short-term local credit rating of P2 (by RAM) or MARC2 (by MARC) or long-term credit rating of BBB3 (by RAM) or BBB- (by MARC).
In buying and selling securities for AmBon Islam the Investment Manager uses a relative value approach. This approach involves an analysis of general economic and market conditions. It also involves the use of models that analyse and compare expected expected returns and assumed risk. Under this approach, the Investment Manager will foces on securities that would deliver favourable return in light of the risks. The Investment Manager may also consider obligations with a more favourable or improving credit or industry outlook that provide the potential for capital appreciation.
AmBon Islam's investment maturity profile is subject to duration management in view of the interest rate scenario. Normally, the duration of AmBon Islam's investment will not exceed 5 years.
Fees & Transactions
| Fees & Charges | |
|---|---|
| Sales Charge | 0.00% |
| Redemption Fee | None |
| Switching Fee | 6% (However, it may be waived or varied at Manager discretion.) |
| Free Switches Yearly | N/A |
| Annual Management Fee | 1% |
| Management Expense Ratio (MER) | 1.2% |
| Transactions (Minimum) | |
|---|---|
| Investment | Initial: RM1,000 / 1,000 units Additional: RM500 / 500 units |
| Regular Investment | Initial: RM1,000 / 1,000 units Additional: RM500 / 500 units |
| Account Balance | 1,000 units |
| Switching | None |
Investment Return
| Investment Return as at 2010-09-03 | |
|---|---|
| 3 Month Return | 2.04% |
| 6 Month Return | 2.26% |
| 1 Year Return | 5.41% |
| 3 Year Return | 15.82% |
| 5 Year Return | 29.13% |
| Investment performance information as on bid to bid basis. Nett distributions reinvested. For reference only. | |
Related Funds
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