CIMB-I Enhanced Sukuk

Fund Key Data
ManagerCIMB-P Islamic Asset Mgmt S/B.
Fund TypeBond (Islamic)
Date Launched February 23, 2005
Approved Fund Size 500,000,000
Fund Price as at July 25, 2014
Buy 1.0663
Sell 1.0663
NAV 1.0663
Daily prices courtesy of TheEdge Financial Daily

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.


Fund Information

Fees & Charges
Sales Charge 2.0%
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%
Management Expense Ratio (MER)%
Transactions (Minimum)
InvestmentInitial: RM2,000
Additional: RM500
Regular InvestmentInitial: RM1,000
Additional: RM500
Account Balance 1,000 units
Switching 500 units

 
Fund Documents
Prospectus Refer to company website or branch office.

 

Fund Performance

Fund Performance as at 2014-07-25
1 Month Return
6 Month Return 4.45432339006 %
1 Year Return 6.02609915818 %
3 Year Return 16.0627835271 %
5 Year Return 39.438723981 %
As published in the The Edge-Lipper Fund Performance Ranking Tables

 

Related Funds

Compare CIMB-I Enhanced Sukuk with:

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














































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