Affin Hwang World Series – Global Income Fund
Objective
The Fund aims to provide investors with regular income through investments in global fixed income instruments.
| Fund Category | Bond feeder (Wholesale) | ||||||||||||
| Base Currency | USD | ||||||||||||
| Fund Type | Income | ||||||||||||
| Launch Date | 23 May 2016 | ||||||||||||
| Investors’ Profile | The Fund is suitable for you, if you:
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| Investment Strategy | The Fund will be investing a minimum of 80% of the Fund’s NAV into the Target Fund and a maximum of 20% of the Fund’s NAV into money market instruments, fixed deposit with Financial Institution and/or liquid assets.
The Manager may take temporary defensive positions that may be inconsistent with the Fund’s principal strategy by reducing its investment into the Target Fund and raise liquidity levels of the Fund during adverse market conditions to protect the Unit Holders’ interest. In raising the Fund’s liquidity levels, we may also invest into collective investment schemes that are able to meet this objective. The Manager may substitute the Target Fund with another fund that has a similar objective with the Fund, if, in our opinion, the Target Fund no longer meets the Fund’s investment objective. However, this is subject to the Unit Holder’s approval before any such changes are made. The Manager may use derivatives, such as foreign exchange forward contracts and cross currency swaps, mainly for hedging purposes. Cross currency swaps and/or foreign exchange forward contracts may be used to hedge the principal and/or the returns of the foreign currency exposure of any of the Class(es) against the Base Currency of the Fund. The employment of derivatives under these circumstances is expected to reduce the impact of foreign currency movements on the Fund’s NAV, irrespective of the currency classes. While the hedging strategy will assist with mitigating the potential foreign exchange losses by the Fund, any potential gains from the hedging strategy will be capped as well. The Fund may also employ derivatives for investment purposes to enhance the returns of the Fund by taking a view on the underlying asset or currency, and establish a long position to gain a specific underlying exposure. The Fund may also employ derivatives for investment purposes to enhance the returns of the Fund by taking a view on the underlying asset or currency and establish a long position to gain a specific underlying exposure. The types of derivatives envisaged for investment purposes include forwards and swaps which are over-the-counter or traded on centralized exchanges. |
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| Distribution Policy | Subject to the availability of income, the Fund endeavours to distribute income on a quarterly basis, after the end of its first financial year. | ||||||||||||
| Asset Allocation | The Fund’s asset allocation range is as follows:-
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| Minimum Initial Investment |
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| Minimum Additional Investment |
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| Minimum holdings of units |
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| Sales Charge per Unit | Up to 3.00% of the initial offer price of a Class during the initial offer period, thereafter, on the NAV per Unit of a Class. |
| Annual Management Fee | Up to 1.45% of the NAV of the Fund per annum. |
| Trustee Fee | Up to 0.06% per annum of the NAV of the Fund (excluding foreign custodian fees and charges), and is calculated using the Fund’s Base Currency (before deducting the management fee and trustee fee). |
| Transfer Fee | A RM5.00 transfer fee will be levied for each transfer of Units. |
| Switching Fee | 1) Switching between Class(es) of the Fund
You are entitled to two (2) free switching transactions per calendar year per account. A switching fee of up to 1% of the NAV per Unit of the Class switched out from will be charged for any further switching transactions. 2) Switching from this Fund into other funds managed by us A switching fee of up to 1% of the NAV per Unit of the Class switched out from the Fund will be charged within the first six (6) months from the earliest date of your investment in the Fund. After the expiry of the first six (6) months, if the sales charge of the fund (or its class) that you intend to switch into is higher than the Sales Charge paid for the Fund, you will need to pay the difference between the intended fund (or its class) and the Fund. Conversely, no sales charge will be imposed on the intended fund (or its class) if it is less than or equal to the Sales Charge paid for the Fund. It is important to note that you are not entitled to any refund of the Sales Charge paid on the Fund, which exceeds that imposed on the intended fund (or its class). There is a minimum number of Units that are required to be held within the Fund after a switching transaction is carried out. The minimum holding of Units vary between Classes. |
| Performance Fee and Hurdle Value | N/A |
| Repurchase Charge | N/A |