The investment objective of the Fund is to provide a stable income stream and an opportunity for capital appreciation over the medium term horizon. The Fund will mainly invest in Islamic Debt Securities and money market instruments that are Syariah compliant.
Financial Year End: October 15.
Distribution policy: Annually, if any.
Initially known as AUTB Bon Amanah, then changed to MIDF Amanah Islamic Bond Fund.
The Fund would be suitable for investors who have an investment horizon of 5 to 7 years and who prefer investing in instruments that provide relative safety of principal and a consistent stream of income that conforms with Syariah principles. It is also suitable for investors who have a preference for a conservative investment approach and who wish to minimise speculation on interest rate cycles.
The investment strategy is one that recognises managing interest rate cycles and credit risks as being of paramount importance in any fixed income portfolio. The Fund will therefore seek to minimise risk on capital depreciation by utilising the built-in risk management tools of limited tenure, portfolio diversification and value investing methodology. At the same time, the Fund will seek to maximise the potential for capital appreciation in the medium term. Medium term refers to a time frame of 5 to 7 years. The Fund will follow a strict selection process to ensure that only quality investments with risk return profiles that match the Fund's requirements are selected for investment.
- Up to 90% in Islamic Debt Securities and Islamic money market instruments.
- Up to 20% in Syariah compliant futures contract as part of its hedging strategy.
Fees & Transactions
|Fees & Charges|
|Redemption Fee||1% (if redeemed within a year of purchase.)|
|Switching Fee||1% (within the 1st year. But switching after the first year - $25.00 per transaction.)|
|Free Switches Yearly||N/A|
|Annual Management Fee||1%|
|Investment||Initial: RM1,000 |
|Regular Investment||Initial: N/A|
|Account Balance||1,000 units|
|Prospectus||Prospectus - AUTB Dana Bon Amanah|
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