Overview
Objective
To provide a steady appreciation of the net asset value of the Fund with a regular flow of income to our investors through investments in debt securities that are permissible under Syariah Principles.
Financial Year End: May 31
Distribution Policy: Annually, if any.
Investor Profile
Suitable for investors who:
- Prefer a consistent and steady appreciation in value through investments in debt securities permissible under Syariah Principles.
- Possess an investment horizon in excess of 5 years.
Strategy
The fund manager will invest in a diversified portfolio of Islamic debt securities in order to maximize return within acceptable risk parameters. Diversification is to be done across sectors and issuers (to reduce sector and credit risk), and across durations (to reduce price risk). Depending on market conditions, the fund manager will invest in Islamic debt securities that best meet the investment objectives. As market conditions may vary from time to time, the fund manager will make the necessary adjustments.
Preferred investments will be in Islamic debt securities that are undervalued relative to their ratings, potential credit rating upgrade candidates, and situational issues with potential for improvements in the credit quality. In addition, movements in the yield curve may uncover further opportunities.
Asset Allocation:
- Min 50% to Max 98% in Islamic Debt Securities.
- Min 2% Max 50% in liquid assets and short term Islamic money market instruments.
Fees & Transactions
| Fees & Charges | |
|---|---|
| Sales Charge | 1.00% |
| 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) | 0.16% |
| Transactions (Minimum) | |
|---|---|
| Investment | Initial: RM1,000 Additional: RM500 |
| Regular Investment | Initial: RM1,000 Additional: RM500 |
| Account Balance | 1,000 units |
| Switching | 1,000 units |
Investment Return
| Investment Return as at 2010-09-03 | |
|---|---|
| 3 Month Return | 1.61% |
| 6 Month Return | 2.76% |
| 1 Year Return | 6.07% |
| 3 Year Return | 12.07% |
| 5 Year Return | 14.56% |
| Investment performance information as on bid to bid basis. Nett distributions reinvested. For reference only. | |
Downloads
| Fund Documents | |
|---|---|
| Prospectus | Refer to company website or branch office. |
Related Funds
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