Overview
Objective
The objective of the fund is to achieve a steady capital growth over the medium to long-term period (two years to five years) through investments permissible under the Syariah Principles.
Financial Year End: April 30
Distribution Policy: Annually, if any.
Investor Profile
Suitable for investors who:
- are looking for investments of a diversified portfolio of assets that conforms to the Syariah Principles and
- have an investment horizon of three years or more.
Strategy
The investment strategy of MDY is to enhance the value of the Fund through diversification of stocks that complies with Syariah Principles within the permitted investment parameters. The emphasis is given to companies with reasonable good earnings growth prospect in the medium to long-term horizon, quality management and good earnings track records.
The Investment Manager will determine the allocation between equity and debt securities to reflect the prevailing investment climate. However, the fund will maintain a minimum of 10% in cash. In a bull market, the Investment Manager may invest more in equity and in a bearish market, the equity portion may be scaled down accordingly.
The asset allocation between the various instrument assets referred to above and the decision to invest, sell or trade are based on the decision of the investment managers.
Asset Allocation:
- Min 40% - Max 90% in Equities
- Min 10% in Liquid Assets
Fees & Transactions
| Fees & Charges | |
|---|---|
| Sales Charge | 5.00% |
| Redemption Fee | None |
| Switching Fee | RM25 (Units switched are transacted at the Funds NAV.) |
| Free Switches Yearly | N/A |
| Annual Management Fee | 1.5% |
| Management Expense Ratio (MER) | 1.67% |
| Transactions (Minimum) | |
|---|---|
| Investment | Initial: RM500 Additional: RM100 |
| Regular Investment | Initial: RM500 Additional: RM100 |
| Account Balance | 100 units |
| Switching | 1,000 units |
Investment Return
| Investment Return as at 2010-09-03 | |
|---|---|
| 3 Month Return | 9.55% |
| 6 Month Return | 8.07% |
| 1 Year Return | 15.04% |
| 3 Year Return | 3.47% |
| 5 Year Return | 35.62% |
| Investment performance information as on bid to bid basis. Nett distributions reinvested. For reference only. | |
Related Funds
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