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.
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.
The unit trust funds and wholesale funds published in this website is offered by AIIMAN Asset Management Sdn. Bhd. to individuals and institutions in Malaysia and only be made available and offered in Malaysia.
These funds have been approved by, and the Prospectuses / Information Memorandums have been registered and/or lodged with, the Securities Commission Malaysia, who takes no responsibility for its contents. The information contained on this website inclusive of the electronic Prospectuses / Information Memorandums should not be deemed as an offer to sell or a solicitation of an offer to buy units in the funds to any person in any jurisdiction, in which such an offer, solicitation, purchase or sale would be unlawful under the securities laws or relevant laws of such jurisdiction. Any issue of units to which the Prospectus / information relates will only be made on receipt of an application referred to and accompanying a copy of the prospectus.
Investors are advised to read and understand the contents of the Prospectuses / Information Memorandums and supplemental thereto (if any) before investing. Among others, investors should consider the fees and charges involved. The price of units and distribution payable (if any) may go down as well as up. If in doubt, please consult a professional adviser. Any other material outside the designated area of the Prospectuses / Information Memorandums does not form part of the Prospectuses / Information Memorandums.
AIIMAN Asset Management Sdn. Bhd. is responsible for this internet site in which the electronic Prospectuses / Information Memorandums and other electronic document of the Fund are posted. Do note that the Prospectuses / Information Memorandums and its supplemental thereto (if any) and are also available in hard copy form at our office. However, should you have any further enquiries, please contact us at 1300 88 8830 (Local) or +603 2116 6156 (International). You may also write your request or enquiries here.
