To provide investors with a regular income stream and high level of liquidity to meet cash flow requirement while maintaining capital preservation.
18 April 2005
The Fund is suitable for low risk Investors who:
are generally conservative;
risk averse; and
prefer a short‐term investment horizon.
The Fund will invest in a diversified portfolio of debentures, money market
instruments and deposits with Financial Institutions.
The Fund will only look to invest in debentures and money market instruments
that meet a minimum investment grade rating of P1 by RAM or MARC -1 by
MARC. The selection of individual debentures and money market instruments
will depend largely on its credit quality where the respective issuers will have
strong ability to meet their financial obligations, healthy cash-flow, the collateral
type, value, claims priority as well as offer highest safety for timely payment of
interest and principal. In the event the rating or a particular security or an issuer
is downgraded resulting in non-compliance, we shall, within 6 months, take steps
to replace such security or issuer.
While we typically take an active trading policy, the frequency of our trades will
be dependent on prevailing market opportunities as well as liquidity needs.
We hold option to reduce the Fund’s exposure into any investments that we
believe may be impacted from the prevailing market conditions. However, focus
will remain on constructing a portfolio of liquid investments that are able to
produce relative certainty of meeting its financial obligations.
Debentures, money market instruments and deposits with remaining a maturity period of not more than 365 days
90% – 100%
Debentures, money market instruments and deposits with a remaining maturity period of more than 365 days but fewer than 732 days
0% – 10%
The Fund endeavor to distribute income on a monthly basis.
Minimum Initial Investment
Minimum Additional Investment
FEES & CHARGES
Sales Charge per Unit
Annual Management Fee
Up to 0.50% per annum of the NAV of the Fund.
Trustee Fee / Custodian fee
Up to 0.05% per annum of the NAV of the Fund (including local custodian fee but excluding foreign sub-custodian fee)