Overview
Objective
The Fund aims to give investors’ 100% capital protection and exposure to a dynamically rebalanced and actively managed commodities index.
Offer Period: 8 Sept 2008 to 7 October 2008 at RM1.00 per unit.
Commencement Date: The 7th Business Day immediately following the last day of the Offer Period.
Financial Year End: 31 October
Tenure & Maturity Date; 3 years from the Commencement Date. Protected Value RM1.035 per unit.
Distribution Policy: Annually, if any.
Investor Profile
Suitable for investors who are seeking:
- potential annual income and capital appreciation on their investments;
- potentially higher returns from their investment over the long term relative to fixed deposits;
- exposure to an actively managed strategy in commodities investmentsÂ
Strategy
The Fund seeks to achieve its objective by investing mainly in 3-years Ringgit denominated zero coupon negotiable instruments of deposits (ZNIDs) from financial institutions, to ensure 100% of investors’ capital is paid back at the end of the maturity period.
During the tenure of the Fund to generate income and capital appreciation, the Fund will be investing up to 10% in an option linked to an actively managed commodity strategy. The strategy involves a dynamic portfolio on an Isovol Index to manage the exposure into a commodity index known as AmIslamic Bank Makmur Commodity Index. The purpose of Isovol index is to fix the volatility of exposure to the AmIslamic Bank Makmur Index at 15%. Within this mechanism, the dynamic portfolio then manages the allocation of exposure to the Isovol index between 20-200%. AmIslamic Bank Makmur Commodity Index is an actively managed index which uses a quantitative strategy to invest in commodities.
Asset Allocation:
- A minimum of 85% in ZNIDs;
- Up to 10% in option(s) linked to an actively managed commodities strategy
Fees & Transactions
| Fees & Charges | |
|---|---|
| Sales Charge | 3.50% |
| Redemption Fee | 1.5% (For redemptions before the end of 12th month; After 12th but before end of 24th month - 1%; After 24th but before the maturity date - 0.5%; On Maturity Date - NIL.) |
| Switching Fee | N/A |
| Free Switches Yearly | N/A |
| Annual Management Fee | 0% |
| Management Expense Ratio (MER) | % |
| Transactions (Minimum) | |
|---|---|
| Investment | Initial: RM5,000 Additional: RM5,000 |
| Regular Investment | Initial: N/A Additional: N/A |
| Account Balance | 5,000 units |
| Switching | 5,000 units |
Investment Return
| Investment Return as at 2010-09-01 | |
|---|---|
| 3 Month Return | -0.31% |
| 6 Month Return | -3.35% |
| 1 Year Return | -4.08% |
| 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. |
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