The Fund aims to provide income* return whilst maintaining capital preservation.
*All income distribution will be made in the form of cash only.
Wholesale Fixed Income (Close-ended)
24 August 2017
The Fund is a close-ended fixed income wholesale fund with a Maturity Date falling on the Fund’s second (2nd) anniversary from the Investment Date.
The Fund is suitable for you, if you:
have a short term investment horizon;
want exposure into fixed income instruments; and
have a low risk tolerance.
To achieve the objective of the Fund, we intend to invest a minimum of 90% of the Fund’s NAV in money market instruments and/or deposits and a maximum of 10% of the Fund’s NAV in warrants.
We strive to achieve the capital preservation by investing a minimum of 90% of the Fund’s NAV in money market instruments and/or deposits. The maturity proceeds from the investments in money market instruments and/or deposits could potentially match the capital of the investor (including Sales Charge and GST imposed on the offer price), subject to no occurrence of credit default by the issuers and/or the Financial Institutions.
In order to provide income, the Fund may invest up to a maximum of 10% of its NAV in warrants. We will take a view on the underlying asset, which is a collective investment scheme, in order to establish a long position to gain a specific underlying exposure. For example, if we expect the collective investment scheme to perform in the prevailing market conditions, we may long the collective investment scheme through the warrants.
The currency denomination of the warrants that the Fund intends to invest is in Euro dollar (EUR). This implies that the potential income of the Fund is subject to foreign exchange risk, specifically the EURMYR fluctuations. If the EURMYR appreciated at the income distribution date, the Fund will receive higher income.
For example, if the EURMYR appreciated by 5%, the income received will be higher in value by 5%. On contrary, if the EURMYR depreciated at the income distribution date, the Fund will receive lower income. For example, if the EURMYR depreciated by 5%, the income received will be lower in value by 5%. At the Maturity Date of the Fund, we will redeem or sell all the assets of the Fund, and return all the proceeds to you (based on the number of Units you hold) after deducting applicable Fund expenses and fees. The payment of proceeds is expected to be paid to you within two (2) weeks from the Maturity Date and will not be more than one (1) months from the Maturity Date.
Subject to the availability of income, the Fund will distribute income on an annual
A minimum of 90% of the Fund’s NAV to be invested in money market
instruments and/or deposits; and
A maximum of 10% of the Fund’s NAV to be invested in warrants.
Minimum Initial Investment
Minimum Additional Investment
Any additional investments by you can only be made during the offer period
Minimum holdings of units
FEES & CHARGES
Sales Charge per Unit
The Sales Charge is 2.00% on the offer price and it is non‐negotiable.
Annual Management Fee
The trustee fee is up to 0.03% per annum of the NAV of the Fund (excluding foreign custodian fees and charges). The trustee fee is accrued daily and payable monthly. In addition to the annual trustee fee, which includes the transaction fee, i.e. the fee incurred for handling purchase or sale of local investments, the Trustee may be reimbursed by the Fund for any expenses properly incurred by it in the performance of its duties and responsibilities.
The fee is calculated and accrued daily and payable monthly to the Trustee.