Public Ittikal Fund

Overview

Objective

To achieve steady capital growth over the medium to long term period by investing in a portfolio of investments that complies with the Syariah Principles.

Financial Year End: May 31
Distribution Policy: Incidental.

Investor Profile

• Moderate risk-reward temperament
• Long term investor
• Can withstand extended periods of market highs and lows in the pursuit of capital growth with the fund.

Strategy

The scope of investments in the fund is confined to assets that are demmed in compliance with Syariah principles. For securities listed on the KLSE, compliance to the Principles are primarily determined by the Syariah Advisory Council of the Securities Commission. Otherwise, the Syariah Advisers of the fund are consulted to ascertain their state of compliance.

The fund seeks to achieve the long-term goal of capital growth by maintaining a reasonable level of exposure to equities over time. The equity investment of the fund comprise of a diversified portfolio of index-linked companies, blue chip stocks and companies with growth prospects that are listed on the KLSE. In particular, companies with reasonably good earnings growth prospect over the medium to long-term are sought after as much as possible to maximize the growth potential of the fund. In identifying such companies, the fund relies on fundamental research where the financial health, industry prospects, management quality and past track records of the companies are considered.

The fund has investments in Islamic debt securities such as sovereign debts, corporate debts and money market instruments to help generate returns. Where yields are attractive and interest rate trends are favourable, the investments in debt securities are increased. In general, however, the investments in Islamic debt securities are secondary to the focus on equities. In other words, the allocations to Islamic debt assets are raised usually at the expense of equity allocations when weaknesses in the equity markets are anticipated. Conversely, when the equity markets are expected to perform well, the funds are reallocated from Islamic debt assets to equities.

To achieve increased diversification, the fund may invest in markets abroad where the returns are promising. The fund may also consider attractive investments in unlisted equities, particularly in companies that are expected to seek listing on the KLSE within two years. To mitigate risk, the fund may also invest in futures and options contracts to hedge against market volatility. The emphasis on growth stocks in the equity portfolio, in particular, may result in the fund experiencing significant volatilities in times of adverse movements.

Equity Range of Fund: 70% to 80%
Stock Selection Profile of Fund: Growth stocks and Islamic debt instruments.

Fees & Transactions

Fees & Charges
Sales Charge	5.50%
Redemption Fee	None
Switching Fee	RM25 / 0% (To Equity/Balanced Fund: NAV + RM25; to Bond Fund: NAV + RM25; to Money Market Funds: at NAV.)
Free Switches Yearly	N/A
Annual Management Fee	1.5%
Management Expense Ratio (MER)	1.58%

Transactions (Minimum)
Investment	Initial: RM500 Additional: RM50
Regular Investment	Initial: RM500 Additional: RM50
Account Balance	1,000 units
Switching	1,000 units

Investment Return

Investment Return as at 2010-07-30
3 Month Return	-9.11%
6 Month Return	-3.99%
1 Year Return	-0.19%
3 Year Return	-8.35%
5 Year Return	46.60%
Investment performance information as on bid to bid basis. Nett distributions reinvested. For reference only.

Downloads

Fund Documents
Prospectus	Prospectus