Overview
Objective
AMBDAQ-CP is a close-ended fund with a three year finite life with the objective of protecting the initial capital of the Fund at the Maturity Date through investments principally in fixed income securities that are permissible under Shariah Principles, predominantly in locally issued Sukuk whilst seeking potential returns over the tenure of the Fund.
Level of protection for investors: 100% of the capital invested (ie the initial offer price)
* Investors are advised that unlike a guaranteed fund, this capital protected fund is protected by investments predominantly in Sukuk which is issued locally and not by a guarantee. Consequently the return of capital is SUBJECT TO the credit/default risk of the issuers of the fixed income securities.
Initial Offer Period (IOP): 45 days from launch, 9th March 2010 - 23rd April 2010 or full subscription, whichever is earlier. No units will be sold after the IOP. Price at RM0.50 per unit.
Financial Year End: 30 April
Maturity Date: 3 years after Commencement.
Commencement Date: 7th Business Day after close of IOP.
Distribution Policy:
Investor Profile
Suitable for investors:
- Seeking low risk investments that are in accordance with Shariah Principles.
- Seeking a Fund which protects the initial capital* with potential to yield better return than the 12-month GIA rates of commercial banks.
- Medium term investment horizon of 3 years.
Strategy
The Fund will invest at least 85% of the Fund’s NAV into Shariah based fixed income securities, predominantly in locally issued Sukuk with a minimum credit rating of “AA3” by RAM, MARC or equivalent to provide the capital protection* at maturity. The remaining of the Fund’s NAV will be invested in diversified portfolio of quality Shariah compliant equities to provide potential returns to the Fund and cash equivalent instruments for liquidity purposes.
Asset Allocation:
- Min 85% to max 98% in Shariah fixed income securities.
- Max 10% in equities.
- Min 2% in cash or cash equivalent instruments.
Fees & Transactions
| Fees & Charges | |
|---|---|
| Sales Charge | 1.80% |
| Redemption Fee | 0.75% (Within 1st year - 0.75%; within 2nd year - 0.5%; within 3rd year - 0.35%; at maturity or early termination date of fund by Mgr - NIL.) |
| Switching Fee | N/A |
| Free Switches Yearly | N/A |
| Annual Management Fee | 1% |
| Management Expense Ratio (MER) | % |
| Transactions (Minimum) | |
|---|---|
| Investment | Initial: RM1,000 Additional: RM500 |
| Regular Investment | Initial: N/A Additional: N/A |
| Account Balance | 1,000 units |
| Switching | N/A |
Investment Return
| Investment Return as at 2010-09-03 | |
|---|---|
| 3 Month Return | 0.77% |
| 6 Month Return | |
| 1 Year Return | |
| 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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