CIMB-I Enhanced Sukuk

CIMB-I Enhanced Sukuk
Type
Bond (Islamic)
Company
CIMB-P Islamic Asset Mgmt S/B.
Investment Manager
CIMB-P Asset Mgmt Bhd
Launch Date
23-Feb-2005

Overview

Objective

The objective of the Fund is to grow the value of Unit holders’ investments over the medium-term in Sukuk portfolio with most tenures ranging from 3- 10 years as well as to provide regular income.

Financial Year End: March 31
Distribution Policy: Annually, if any.

(formerly Lifetime Dana Wafiq)

Investor Profile

The recommended investment timeframe for this Fund is three (3) years or more. This Fund is suitable for investors who:

  • have a medium-term investment horizon;
  • want a portfolio of investments that adhere to the Shariah principles;
  • want a diversified portfolio of investments that includes Sukuk;
  • seek for less volatile asset class with some exposure to the equities;
  • are willing to take moderate risk for potentially higher returns; and/or
  • can accept that returns may fluctuate over the short-term.

Strategy

A minimum of 60%* and up to a maximum of 98% of the Fund’s NAV may    54 be invested in Sukuk carrying at least a “BBB3” or “P2” rating by RAM or equivalent rating by MARC; “BBB” by S&P or equivalent rating by Moody’s or Fitch. The Fund may also invest between 0% to 20% (both inclusive) of its NAV in Shariah-compliant equities, of which up 10% of its NAV may be invested in warrants of Shariah-compliant companies. At least 2% the Fund’s NAV in Shariah-compliant liquid assets. The investment strategy and policy of the Fund is focus bias towards Shariah-compliant fixed income investments aimed to provide consistency in income, while allowing some exposure in Shariah-compliant equities and warrants aimed to provide the added return in a rising market.

Fees & Transactions

Fees & Charges
Sales Charge 2.00%
Redemption FeeNone
Switching FeeRM100 (plus switching fee equal to the difference (if any) between the Service Charges of the two funds. The Manager has discretion to waive the Switching Fee and/or administrative fees.)
Free Switches Yearly4
Annual Management Fee1%
Transactions (Minimum)
InvestmentInitial: RM2,000
Additional: RM500
Regular InvestmentInitial: RM1,000
Additional: RM500
Account Balance 1,000 units
Switching 500 units

Downloads

Fund Documents
Prospectus Refer to company website or branch office.

 

Compare CIMB-I Enhanced Sukuk with:

CategoryCompany
Bond (Islamic)
Funds:
CIMB-P Islamic Asset Mgmt S/B.
Funds:













































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