The Fund aims to provide income through investments in fixed income instruments.
Any material change to the Fund’s investment objective would require Unit Holders’ approval.
All income distribution will be made in the form of cash. There will be no option for Unit Holders to reinvest the income in the form of additional Units for this Fund.
Wholesale Fixed Income (Close-ended)
4 April 2016
On the third (3rd) anniversary of the Investment Date or such earlier date in
accordance with the provisions of the Deed or subject to the Early Maturity
The Fund is suitable for investors who:
• have three (3) years investment horizon; and
• have a moderate risk tolerance.
To achieve the objective of the Fund, we intend to invest a minimum of 70% to a
maximum of 99.80% of the Fund’s NAV in fixed income instruments and a minimum of 0.20% of the Fund’s NAV in liquid assets. The minimum allocation of fixed income
instruments however will not be observed during the early inception of the Fund as
we build the portfolio, and nearing the Maturity Date as the Fund begins to divest.
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 (please refer to the credit ratings chart under Section 4 –
“Credit and default risk”, for further details).
At the Maturity Date of the Fund, we shall redeem or sell the investments, and
return all proceeds to you (based on the number of Units you hold), subject to the
applicable Fund expenses and fees. In this respect, we will endeavour, as far as it is
possible, to purchase investments with maturities that closely mirror the maturity
period for this Fund so as to enable the Fund to potentially obtain the full nominal
value of those instruments upon the Maturity Date. We may trade the fixed income
instruments as and when opportunities arise and/or to manage the credit risk of the
fixed income instruments issuers or external adverse events affecting any of the fixed
income instruments in the Fund’s portfolio. In the event the Maturity Date falls on a
non-Business Day, the Maturity Date shall be the first Business Day following the
date that is the third (3rd) anniversary of the Investment Date.
However, if Early Maturity is triggered, that is subject to the requirements specified
under “How is an Early Maturity triggered”, we will liquidate all the investments in
the portfolio and return the investment proceeds to you. In the event of an Early
Maturity, the Fund will mature on the Early Maturity Date, which will fall on a
Business Day as decided by us.
Depending on the level of income the Fund generates, the Fund will provide distribution on an annual basis.
Fixed income instruments
Minimum of 70% to maximum of
99.80% of the Fund’s NAV
Minimum of 0.20% of the Fund’s
Minimum Initial Investment
Minimum Additional Investment
Any additional investments can only be made during the Offer Period.
Minimum holdings of units
FEES & CHARGES
Sales Charge per Unit
3.00% of the Offer Price during the Offer Period
The Sales Charge is not negotiable.
Annual Management Fee
Up to 0.04% per annum of the NAV of the Fund (excluding foreign custodian fees and charges).
RM5.00 per transfer
Not applicable as the switching facility is not available for this Fund.
Performance Fee and Hurdle Value
The Manager will repurchase Units before the Investment Date at the Offer Price without imposing any Penalty Charge. If you request for a repurchase after the Investment Date, you will be subjected to a Penalty Charge. The Penalty Charge is a percentage of the NAV.
per Unit depending on when the repurchase request is made by you