Overview
Objective
The primary objective of MITF is to maximise returns over the medium term (over two years) and at the same time offer stability of capital and regular income.
Financial Year End: June 30
Distribution Policy: Annually, if any.
Investor Profile
Suitable for investors:
- looking for a medium to long-term investment with regular interest income and
- some potential for moderate capital growth,
- has an investment horizon of 3 to 5 years.
Strategy
MITF's investment strategy is to create a prudent mix in its portfolio to meet its investment objective and to provide professional assessment of investment propects by its fund managers in line with the economic outlook. Longer-term fixed income securities such as bonds are also attractive because the rate of interest payable is generally higher than that available from cask or short-term deposits. Bonds are traded in financial markets at prices, which are determined by the level of interest rate ('yields').
The profile of the MITF portfolio, and the asset allocation between the longer and shorter term fixed income securities are subject to change, depending on the prevailing economic and market conditions.
Asset Allocation:
- Min 40% max 90% in Fixed Income Securities
- Up to 60% in Cash and Money Market.
Fees & Transactions
| Fees & Charges | |
|---|---|
| Sales Charge | 2.00% |
| Redemption Fee | None |
| Switching Fee | RM25 (Units switched are transacted at the targeted Funds NAV.) |
| Free Switches Yearly | N/A |
| Annual Management Fee | 1.5% |
| Management Expense Ratio (MER) | 1.4% |
| Transactions (Minimum) | |
|---|---|
| Investment | Initial: RM1,000 Additional: RM100 |
| Regular Investment | Initial: RM1,000 Additional: RM100 |
| Account Balance | 100 units |
| Switching | 1,000 units |
Investment Return
| Investment Return as at 2010-09-09 | |
|---|---|
| 3 Month Return | 7.06% |
| 6 Month Return | 9.24% |
| 1 Year Return | 13.34% |
| 3 Year Return | -16.88% |
| 5 Year Return | -12.40% |
| Investment performance information as on bid to bid basis. Nett distributions reinvested. For reference only. | |
Related Funds
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Investors are advised to read and understand the fund's prospectus before investing.