Overview
Objective
AmConservative aims to preserve capital and provide a stream of income by having a bigger exposure to fixed income investments than equities.
Financial Year End: 30 April
Distribution Policy: Half-yearly, if any.
Investor Profile
Best suited if you:
Strategy
AmConservative has an equity exposure up to 30% and the remaining in fixed income investment.
Equity
The Fund can invest up to a maximum 30% of its net assets in income producing equity securities, including dividend-paying common and preferred stocks. In the event that outlook for equity investments is not conducive, the Fund can choose to have zero exposure in equity securities.
Based on fundamentals research and quantitative analysis, the investment management team will buy and sell equity securities based on factors, which includes earnings growth potential, current profitability and income distribution policy.
Fixed Income Investments
The Fund can invest up to a maximum 100% of its net assets in fixed income instruments. In buying and selling fixed income instruments for the Fund, the Investment Manager uses active tactical duration management, yield curve positioning and credit spread arbitraging, This approach also involves the use of models that analyse and compare expected returns and assumed risks. Under this approach, the Investment Manager will focus on fixed income instruments 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.
The investment management team may adopt an active trading stance, and will not consider portfolio turnover as a limiting factor in ensuring that the Fund meets its investment objective.
Fees & Transactions
| Fees & Charges | |
|---|---|
| Sales Charge | 3.00% |
| Redemption Fee | None |
| Switching Fee | 6% (However, it may be waived or varied at Manager discretion.) |
| Free Switches Yearly | N/A |
| Annual Management Fee | 1.5% |
| Management Expense Ratio (MER) | 1.93% |
| 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 | 1.66% |
| 6 Month Return | -2.45% |
| 1 Year Return | -2.92% |
| 3 Year Return | 2.95% |
| 5 Year Return | 19.74% |
| Investment performance information as on bid to bid basis. Nett distributions reinvested. For reference only. | |
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