The Fund aims to provide regular income through investments predominantly in bonds.
This fund was closed for sale on 21 February 2014
8 January 2014
Suitable for investors who seek regular income distribution, have three (3) years investment horizon and have a moderate risk tolerance.
To achieve its objective, the Manager intends to invest a minimum of 80% of the Fund’s NAV in foreign and/or local bonds. The remaining balance of the Fund’s NAV will be invested in money market instruments. The Fund may also invest up to 40% of its NAV in unrated bonds or bonds which are rated below investment grade by Standard & Poor’s, Moody’s, Fitch, RAM, MARC or any other rating agencies.
Foreign and/or local bonds: Minimum of 80% of the Fund’s NAV
Money market instruments: Remaining balance of the Fund’s NAV
Minimum Initial Investment
Minimum Additional Investment
FEES & CHARGES
Sales Charge per Unit
Maximum 3.00% of the Offer Price per Unit of the Fund
Annual Management Fee
Up to 0.04% p.a of the NAV of the Fund, subject to a minimum of RM12,000 p.a. (excluding foreign custodian fees and charges)
A RM5.00 transfer fee will be levied for each transfer of Units.
Up to 1% of the NAV per Unit for every Unit switched out from this Fund. However, Investors who hold units from other funds managed by the Manager are NOT permitted to switch into the Fund.
Performance Fee and Hurdle Value
3% from the Commencement Date up to the first (1st) anniversary of the Commencement Date.
2% from the Business Day immediately following the first (1st) anniversary up to the second (2nd) anniversary of the Commencement Date.
1% from the Business Day immediately following the second (2nd) anniversary up to the Business Day immediately prior to third (3rd) anniversary of the Commencement Date.