Overview
Objective
The objective of the Fund is to provide Investors with regular income distribution throughout the period of the Fund.
Offer Period: 45 days from 15 Oct 2009 to 30 Nov 2009 at RM1.00 per unit.
Financial Year End: 30 Nov
Commencement Date: The date on which investments in the Fund can first be made and is the date that falls on the Business Day after the expiry of the IOP. Any reference to the Fund’s anniversary will be a reference to this Commencement Date.
Maturity Date: 3rd Anniversary of the Commencement Date.
Investor Profile
Suitable for investors who:
- Prefer a consistent, reasonable and stable level of return on investment;
- Have a low risk tolerance;
- Want to diversify their portfolio to include predominantly Asian bonds; and
- Have a medium term investment horizon.
Strategy
The Fund will be managed primarily with a buy and hold-to-maturity strategy by the External Investment Manager. The Fund will invest in a diversified portfolio comprising investment grade medium-term fixed-income securities which are expected to provide income by way of coupon payments at intervals that have been predetermined.
In this respect the External Investment Manager will endeavour to purchase securities that match or closely mirror the maturity period of the Fund so as to ensure that the Fund can potentially obtain the full notional value of those securities upon the Funds maturity.
The Fund will invest a minimum 90% of the Fund’s NAV in credit-related securities, primarily domiciled in the Asian region and may also invest in non-Asian issuers where the investments would include senior secured/unsecured debts, subordinated debts, sovereign debts, convertible bonds, preference shares, callable bonds, FRN/VRN, commercial papers, cash and money market instruments while maintaining some liquid assets to meet any redemption requests.
Benchmark: 12-months (1-year) Malayan Banking Berhad (Maybank) Fixed Deposit rate at the Commencement Date. The information on the benchmark can be obtained at www.maybank2u.com.my.
Fees & Transactions
| Fees & Charges | |
|---|---|
| Sales Charge | 1.00% |
| Redemption Fee | 1% (Redemption made within 1 yr - 1%; made within 2nd yr - 0.75%; made within 3rd year - 0.5%; at maturity - NIL.) |
| Switching Fee | N/A |
| Free Switches Yearly | N/A |
| Annual Management Fee | 0.75% |
| Management Expense Ratio (MER) | % |
| Transactions (Minimum) | |
|---|---|
| Investment | Initial: RM1,000 Additional: RM100 |
| Regular Investment | Initial: N/A Additional: N/A |
| Account Balance | 1,000 units |
| Switching | N/A |
Investment Return
| Investment Return as at 2010-09-09 | |
|---|---|
| 3 Month Return | 3.53% |
| 6 Month Return | 3.86% |
| 1 Year Return | |
| 3 Year Return | |
| 5 Year Return | |
| Investment performance information as on bid to bid basis. Nett distributions reinvested. For reference only. | |
Downloads
| Fund Documents | |
|---|---|
| Prospectus | Refer to company website or branch office. |
Related Funds
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