|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 August 3, 2015|
|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 2015-07-31|
|1 Month Return|
|6 Month Return||0.670129270435 %|
|1 Year Return||1.33125217586 %|
|3 Year Return||13.0999359623 %|
|5 Year Return||28.9686116786 %|
|As published in the The Edge-Lipper Fund Performance Ranking Tables|
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