Overview
Objective
The Fund seeks to provide 100% capital protection at the Fund’s Maturity and also capital appreciation by investing in the potential bullish performance of Oil (West Texas Intermediate) that comply with Shariah requirements . At the end of the Fund’s maturity period, the Fund will return unit holders’ initial capital plus returns from investment in options, if any.
Initial Offer Period: 45 days beginning 28th August 2008 to 11th October 2008 at RM1.00 per unit.
Commencement Date: The 7th Business Day immediately following the last day of the Offer Period.
Tenure/Maturity Date: 2 years/2nd anniversary of the Commencement Date. Protected value is RM1.00 per unit.
Financial Year End: 30 April
Distribution Policy: Not expected.
Investor Profile
Suitable for investors who:
- Are seeking to preserve the value of their capital.
- Want to participate and benefit from the potential upside of Shariah-compliant financial instruments.
- Wish to diversify their investment locally and abroad.
- Have low to moderate risk tolerance.
Strategy
The Fund seeks to achieve its objective by investing in a 2-year Ringgit denominated Islamic Negotiable Instruments (INIs) from approved banks in the market to ensure that 100% of the
investor’s capital is paid back at the end of the maturity period.
During the tenure of the Fund, to generate potential high growth returns, the Fund will be
investing up to 10% in an option that provides exposure to West Texas Intermediate Oil (WTI).
The Fund Manager will hedge 100% of the option exposure with a reputable financial
institution. The option transaction will be based on the Islamic contract of Murabahah and
Wa’ad.
The Fund will invest the remaining NAV in Sukuk and Islamic money market instruments, to
preserve capital gains and provide cash liquidity to meet any redemption.
Asset Allocation:
- INI’s : at least 85%
- Option : up to 10%
- Sukuk or Islamic money market instruments: up to 5%
Fees & Transactions
| Fees & Charges | |
|---|---|
| Sales Charge | 2.25% |
| Redemption Fee | 1.5% (Less than 12 months; More than 12 months but before the Maturity Date - 1%; At Maturity - Nil.) |
| Switching Fee | N/A |
| Free Switches Yearly | N/A |
| Annual Management Fee | 0% |
| Management Expense Ratio (MER) | % |
| Transactions (Minimum) | |
|---|---|
| Investment | Initial: RM1,000,000 Additional: RM500,000 |
| Regular Investment | Initial: N/A Additional: N/A |
| Account Balance | 500,000 units |
| Switching | N/A |
Investment Return
| Investment Return as at 2010-09-08 | |
|---|---|
| 3 Month Return | 0.69% |
| 6 Month Return | 1.32% |
| 1 Year Return | 1.88% |
| 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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