Category of Fund

Equity

Type of Fund

Income and growth

Investment Objective

This Fund aims to primarily provide investors with a combination of steady and recurring income and capital growth in the *medium to long term through investments in Shariah-compliant dividend yielding equities, which historically offered solid performance and is generally less volatile when compared to the broader equity market

Note:
“medium to long-term” in this context refers to 3 years or more. Any material change to the investment objective of the Fund would require Unit Holders’ approvals..

Investment Policy and Strategy

To achieve the Fund’s objective, the Fund will invest in Shariah-compliant portfolio of equities and equity-related securities with consistent track record of dividend distribution and potential capital growth over the medium to long term.

The Fund’s main focus is on income and to a lesser extent, capital growth.

Asset Allocation

  • Minimum of 70% – 98% of the Fund’s NAV in Shariah-compliant equities listed on BURSA Malaysia; and
  • Minimum of 2% – 30% of the Fund’s NAV in cash and cash equivalent.

Temporary Defensive Position

To help achieve the Fund’s objective, in the event of a volatile market or any adverse condition that could affect the Fund, the Manager may take a temporary defensive position in attempting to respond to those conditions and preserve the long term investment returns of the Fund.

This defensive position may take the form of a temporary reduction in the exposure to the investments affected by the adverse conditions and the replacement thereof with investments which the Manager may consider to preserve the value of the Fund although not necessarily meeting entirely the asset allocation of the Fund for a temporary period. Such defensive position may include increasing the exposure in liquid assets/cash and/or cash equivalent assets to more than 30% of the Fund’s NAV.

Benchmark

The Fund will be measured against an absolute return benchmark of 6% per annum. This is not a guaranteed return and it is only a measurement of the Fund’s performance. The Fund may or may not achieve the aforesaid 6% per annum growth rate in any particular financial year but targets to achieve this growth rate through long term.

Specific Risks Associated with the Fund

  • Specific Security Risk
  • Credit/Default Risk
  • Dividend Risk
  • Reclassification of Shariah Status Risk

Investor Profile

The Manager will declare annual distributions (subject to the availability of income).

Investor Risk Profile

Moderate to high

Distribution Policy

The Manager will declare annual distributions (subject to the availability of income).

Commencement Date

18 March 2018

Financial Year End

31 October

Manager

BIMB Investment Management Berhad

Trustee

CIMB Islamic Trustee Berhad

 

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