The Fund aims to provide income through investments in fixed income instruments.
Fixed Income (close‐ended)
9 May 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 feature.
The Fund is suitable for investors who:
• 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% 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 the Manager builds 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.
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
Minimum Additional Investment
Any additional investments can only be made during the Offer Period.
Minimum Units Held
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
Repurchase Frequency and Minimum Units Repurchased
There is generally no restriction on the frequency of repurchase; however, there is a minimum repurchase amount of 1,000 Units for each repurchase request.