Aiiman Income Extra Fund

 

Objective

The Fund is an open-ended Shariah-compliant wholesale fixed income fund, which aims to provide investors with a steady income stream by investing in Sukuk, Islamic money market instruments and/or Islamic deposits. The Fund is designed for Sophisticated Investors who have a short to medium term investment horizon and have a low risk tolerance.

Fund Category Shariah-compliant Wholesale Fixed Income (Open-ended)
Launch Date 7 October 2019
Base Currency MYR
Investors’ Profile This Fund is suitable for you if you:

  • have a short to medium term investment horizon; and
  • have a low risk tolerance.
Investment Strategy The Manager will endeavour to achieve the Fund’s objective by investing a minimum of 70% of the Fund’s NAV in Sukuk, Islamic money market instruments and/or Islamic deposits and a maximum of 30% of the Fund’s NAV in cash.
  • The portfolio will comprise primarily of Sukuk and issuances guaranteed by the Government of Malaysia. These instruments may include but are not limited to Government Investment Issues, Malaysian Islamic Treasury Bills, Bank Negara Monetary Notes-i and government guaranteed (“GG”) Sukuk.
  • The Fund will invest in Sukuk with remaining time to maturity of not more than five and a half (5.5) years at the time of investment and shall have a maximum weighted portfolio duration of three (3) years. In addition, the placements of Islamic deposits with financial institutions must be a minimum long-term rating of AA3/AA- by RAM/MARC or equivalent rating agencies.
  • The Manager may hold more than 30% of the Fund’s NAV in cash. In the event the Fund’s cash level exceeds 30%, the Manager will, on best effort basis, ensure that the cash level is reduced to 30% within five (5) consecutive Business Days.
  • There will be no foreign investments for this Fund. The Fund will also have the flexibility to invest in Islamic collective investment schemes that are relevant and consistent with its investment objective.
  • As a temporary defensive measure, the Manager may take a position that may be inconsistent with the Fund’s principal strategy by increasing the Fund’s exposure into liquid assets to protect the Fund’s capital.
Asset Allocation
  • A minimum of 70% of the Fund’s NAV to be invested in Sukuk, Islamic money market instruments and/or Islamic deposits.
  • A maximum of 30% of the Fund’s NAV in cash.
Distribution Policy Subject to the availability of income, the Fund will make distribution to the Unit Holders on quarterly basis.
Minimum Initial Investment MYR 100,000
Minimum Additional Investment MYR 10,000
Minimum Units Held 10,000 Units

Sales Charge Nil
Annual Management Fee Up to 0.50% per annum of the NAV of the Fund.
Annual Trustee Fee Up to 0.035% per annum of the NAV of the Fund.
Repurchase Charge Nil
Transfer Fee Nil
Switching Fee Nil