The Fund aims to provide income through investments in fixed income instruments.
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.
The Fund’s asset allocation range is as follows:-
A minimum of 70% to maximum of 99.80% of the Fund’s NAV into fixed income instruments
A minimum of 0.20% of the Fund’s NAV into liquid assets
Minimum Initial Investment
If you insists on making a repurchase request knowing that you will hold less
than the minimum holdings of Units, you are required to repurchase all the
holding of Units in the Fund at the same time as the repurchase request is
received by us.
Minimum Additional Investment
Minimum holdings of units
FEES & CHARGES
Sales Charge per Unit
Maximum Sales Charge as a percentage of the Offer Price during the Offer Period:
3.00% for Institutional Unit Trust Advisers
Annual Management Fee
The Fund pays an annual trustee fee of up to 0.04% per annum of the NAV of
the Fund (excluding foreign custodian fees and charges). The Trustee may be
reimbursed by the Fund for any expenses properly incurred by it in the
performance of its duties and responsibilities.
The trustee fee is calculated and accrued daily and payable monthly to the
A RM5.00 transfer fee will be levied for each transfer of Units.
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