The Fund aims to provide income through investments predominantly in fixed income instruments.
This fund was closed for sale on 13 February 2014
Fixed Income (close-ended)
12 January 2015
This Fund is suitable for you if you:-
have three (3) years investment horizon; and
have a moderate risk tolerance.
To achieve its objective, the Manager intends to invest a minimum of 70% of the Fund’s NAV in fixed income
instruments and a minimum of 0.20% of the Fund’s NAV in liquid assets. 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.
Minimum 70% of the NAV of the Fund will be invested in foreign and/or local bonds. The Manager will also maintain a sufficient level of cash or cash equivalent for liquidity purposes.
Minimum Initial Investment
Minimum Additional Investment
FEES & CHARGES
Sales Charge per Unit
3.00% per Unit of the offer price of the Fund
Annual Management Fee
Trustee Fee / Custodian fee
0.08% p.a of the NAV of the Fund, subject to a minimum of RM18,000 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. Nil at Maturity Date.