|Fund Key Data|
|Manager||CIMB-P Islamic Asset Mgmt S/B.|
|Fund Type||Bond (Islamic)|
|Date Launched||February 23, 2005|
|Approved Fund Size||500,000,000|
|Fund Price as at December 19, 2014|
|Daily prices courtesy of TheEdge Financial Daily|
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)
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.
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 & Charges|
|Switching Fee||RM100 (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 Yearly||4|
|Annual Management Fee||1%|
|Management Expense Ratio (MER)||%|
|Investment||Initial: RM2,000 |
|Regular Investment||Initial: RM1,000|
|Account Balance||1,000 units|
|Prospectus||Refer to company website or branch office.|
|Fund Performance as at 2014-12-19|
|1 Month Return|
|6 Month Return||0.0 %|
|1 Year Return||3.66027593133 %|
|3 Year Return||15.2572799486 %|
|5 Year Return|
|As published in the The Edge-Lipper Fund Performance Ranking Tables|
Copyright on names and logos used in this page belong to respective fund management companies.
Information in this fund profile page is compiled by Signalpoint Sdn. Bhd. based on the individual fund management company's public information, including but not limited to fund prospectus, fund fact sheets, etc, and are meant for information only. While best efforts have been made to ensure its accuracy, we cannot guarantee that the information presented here is completely accurate and without ommissions. Please contact email@example.com if you believe there are errors or ommissions on this page.
Investors are advised to read and understand the fund's prospectus before investing.