Overview
Objective
The Fund is an open-ended fund which seeks capital appreciation over the medium to long term by investing into commodity theme in a risk controlled environment. The commodity theme is represented by a commodity index named Rogers International Commodities Index Total Return (“RICI”) and commodity related countries, which are Australia, Brazil and China represented respectively by the equity indices of S&P/ASX 200 Index, Bovespa Index and the Hang Seng China Enterprises Index.
Initial Offer Period: 21 days commencing 4 Aug 2008 to 24 Aug 2008 at RM1.00 per unit.
Financial Year End: 30 April
Distribution Policy: Incidental.
Investor Profile
Suitable for investors who are seeking:
- capital appreciation from investments into commodity theme.
- an opportunity to invest into the commodities through the RICI.
- higher returns from a managed portfolio.
Strategy
In order to achieve the investment objective, the Fund intends to invest up to 90% of the Fund’s NAV into fixed income instruments to provide liquidity to the Fund, and up to 10% of the Fund’s NAV in structured derivative instruments in the form of total return swaps with counterparty that offers exposure to commodity theme.
The commodity theme referenced in the underlying portfolio is the RICI which provides commodity exposure and commodity related countries are Australia, Brazil and China represented respectively by the equity indices of S&P/ASX 200 Index, Bovespa Index and the Hang Seng China Enterprises Index. The allocation to RICI is 75% and the remaining 25% equally weighted into the equity indices. The levels of exposure into these underlying assets are managed using the “Revolver Strategy” which controls exposure by targeting a specified level of volatility. Therefore whenever market risks go up, it is usually indicated by higher volatility, the Revolver Strategy will reduce the exposure of the underlying assets, and likewise increase the exposure of the underlying assets up to 100% when volatility reduces.
Asset Allocation:
- Minimum 90% in fixed income instruments inclusive of cash and liquid assets; and
- Up to 10% in derivative instruments/total return swaps.
Fees & Transactions
| Fees & Charges | |
|---|---|
| Sales Charge | 3.00% |
| Redemption Fee | 1% (Up to 1% if redeemed within 90 calendar days of purchase.) |
| Switching Fee | 6% (However, it may be waived or varied at Manager discretion.) |
| Free Switches Yearly | N/A |
| Annual Management Fee | 1.25% |
| Management Expense Ratio (MER) | 2.03% |
| Transactions (Minimum) | |
|---|---|
| Investment | Initial: RM1,000 Additional: RM1,000 |
| Regular Investment | Initial: N/A Additional: N/A |
| Account Balance | 1,000 units |
| Switching | 1,000 units |
Investment Return
| Investment Return as at 2010-09-02 | |
|---|---|
| 3 Month Return | 2.49% |
| 6 Month Return | -7.00% |
| 1 Year Return | -2.33% |
| 3 Year Return | |
| 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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