To provide a steady income stream over the medium to long-term period through investments primarily in Shariah-compliant debentures or Sukuk.
28 June 2004
Ideal for investors who seek regular income distribution, have a medium to longterm investment horizon and have a low risk tolerance.
To achieve the objective of the Fund, the Fund intends to invest in a multitude of Malaysian-issued Sukuk whether issued by the Malaysian Government or private companies. These Sukuks are expected to provide profit at intervals which are predetermined. These profits will then be distributed to Unit Holders in the form of income.The strategy for Shariah compliant investments inlocal Sukuk would be driven by the interest rate outlook for the market over the medium to long-term horizon. This will enable the Manager to decide on the maturity structure for the Fund. Relative return analysis will also be conducted between Shariah-compliant securities with the same credit ratings to determine if yields can be enhanced by switching investments. Additionally, the Manager will constantly seek potential credit upgrade issues and avoid potential downgrade issues to maximise returns for Unit Holders.
Minimum 80% of the NAV in Malaysian issued Sukuk whether issued by the Malaysian Government or private companies and Maximum 20% of the NAV in Cash and Islamic money market instruments. Note: The cash portion will be kept as liquid assets to satisfy repurchase request and general expenses of the Fund.
Minimum Initial Investment
Minimum Additional Investment
FEES & CHARGES
Sales Charge per Unit
Maximum of 2.00% of the NAV per Unit. ** Investors may negotiate for a lower Sales Charge.
Annual Management Fee
1.00% per annum of the NAV of the Fund.
Trustee Fee / Custodian fee
0.07% per annum of NAV of the Fund, subject to a minimum of RM 18,000 per annum (excluding foreign custody fees and charges).
RM 5.00 per transfer
The Manager retains the discretion to charge a switching fee of up to 1% on the total amount (based on NAV) switched.