Overview
Objective
The Fund seeks to provide a regular stream of income by investing primarily in Islamic money market instruments and other fixed income securities, which comply with Shariah requirements.
Initial Offer Period of 1 day only on the 6th October 2005 at RM0.50 per unit.
Financial Year End: September 30
Distribution policy: Is to declare income distribution to the respective Unitholders on a monthly basis by way of reinvestment in the form of additional units.
Investor Profile
Suitable for investors who:
- are conservative in nature in terms of investment.
- prefer a consistent reasonable and stable level of return on their investments.
- prefer a lower level of investment risk.
- have a short-term investment horizon. (1 year).
Strategy
The Fund Manager will decide which instrument or security to buy based primarily on their yield, relative to their credit quality and the period to maturity.
Asset allocation:
- To invest at least 90% of the Fund's NAV in a diversified portfolio of short-term Islamic money market instruments which comply with Shariah requirements and have a remaining maturity period of up to 365 days.
- The Fund may also invest up to 10% of its NAV in debt instruments with longer remaining maturity period, which is more than 365 days but does not exceed 732 days.
Fees & Transactions
| Fees & Charges | |
|---|---|
| Sales Charge | 0.00% |
| Redemption Fee | None |
| Switching Fee | Unlimited free switching between funds. |
| Free Switches Yearly | N/A |
| Annual Management Fee | 0.375% |
| Management Expense Ratio (MER) | 0.46% |
| Transactions (Minimum) | |
|---|---|
| Investment | Initial: RM10,000 Additional: RM5,000 |
| Regular Investment | Initial: N/A Additional: N/A |
| Account Balance | 10,000 units |
| Switching | RM10,000 |
Investment Return
| Investment Return as at 2010-09-03 | |
|---|---|
| 3 Month Return | 0.02% |
| 6 Month Return | 0.04% |
| 1 Year Return | 0.62% |
| 3 Year Return | 6.17% |
| 5 Year Return | |
| 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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