PMB WHOLESALE SUKUK FUND
Daily Fund Price
NAV per Unit (RM)
Closing Prices For 15 Oct 2019
*Net Aset Value (NAV) Per Unit
The Fund aims to provide investors with consistent income stream* and steady capital appreciation in the medium to long term, by investing primarily in sukuk.
∗ Income distribution will be paid in the form of units
Financial Year End
The asset allocation for the Fund is as follows:
- Minimum 70% of the Fund’s NAV in sukuk; and
- Maximum 30% of the Fund’s NAV in Islamic money market instruments, Islamic deposit placements and/or products, Shariah-compliant collective investment schemes, and/or other permitted investments.
The asset allocation strategy will be reviewed periodically to suit market condition and expectation. The Manager will adjust its exposure in sukuk to a minimum level of 50% to mitigate any potential loss when a general downturn in the sukuk market is expected.
Concurrently, the balance will be placed in Islamic money market instruments, Islamic deposit placements and/or products, Shariah-compliant collective investment schemes and/or other Shariah-compliant permitted investment to a maximum level of 50% for income, flexibility for investment or reinvestment, or sufficient liquidity for redemption request. The level will be adjusted in accordance with the Manager’s market outlook.
The fund is suitable for qualified investors who:
- have moderate risk tolerance;
- have a medium to long term investment horizon;
- seek a combination of income and capital appreciation from investments; and
- seek Shariah-compliant investments.
General Risks Investing in the Fund
- Financing Risk – due to the investment is made through borrowing
- Fund Manager’s Risk – due to the poor management or investment strategies
- Inflation Risk – due to the loss of purchasing power
- Non-compliance Risk – due to the breach of the laws, rules and regulations
Specific Risks Investing in the Fund
- Credit/ Default Risk – due to the non-payment and/or untimely payment of the principal amount as well as the profits when they fall due when the Fund invests in sukuk. A Fund’s investor may suffer significant capital losses with respect to their capital invested and profit purpose.
- Profit/ Interest Rate Risk – due to the change in the profit/interest rate environment affecting the performance of the sukuk portfolio of the Fund. Generally, there is an inverse relationship between profit/interest rate and sukuk prices, where an increase of profit/interest rate may lower the prices of the sukuk.
- Liquidity Risk – due to the difficulty to liquidate the investment instruments of the Fund at their fair value in view of insufficient trading volume.
Amanahraya Trustees Berhad
What Unit Trust Fund Are You Investing In?
- Investment Objective
To provide investors with consistent income stream* and a steady capital appreciation in the medium
to long term by investing primarily in sukuk.
- Distribution Policy
Income distribution on an annual basis, subject to the availability of income.
PAST PERFORMANCE OF THE FUND IS NOT AN INDICATION OF ITS FUTURE PERFORMANCE.
Portfolio Turnover Ratio (PTR)
Total Annual Expenses
WHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?
YOU SHOULD NOT MAKE PAYMENT IN CASH TO A UNIT TRUST CONSULTANT OR ISSUE A CHEQUE IN THE NAME OF A UNIT TRUST CONSULTANT
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