The Fund is provide investors with consistent income stream and a steady capital appreciation in the medium to long term through investment in sukuk.
The Fund seeks to achieve its objective by investing between 70% and 99.5% of its NAV in RM-denominated sukuk in Malaysia issued by the Government of Malaysia, BNM, quasi-government institutions and Malaysian corporations. For investments in sukuk issued by the Malaysian corporations, the minimum credit ratings of sukuk or the issuer of sukuk at the point of purchase are as follows:
a) Long Term Ratings AA by RAM or A by MARC or an equivalent rating by any other recognized credit rating agencies; and/or
b) Short Term Ratings P2 by RAM or MARC-2 by MARC or an equivalent rating by any other recognized credit rating agencies.
The Fund is suitable for investor who have a low tolerance level, medium to long term investment horizon and seeking a consistent income stream and a steady capital appreciation in the medium to long term through investments in sukuk.
The performance benchmark of the Fund is 0.5% growth (3 years Fund Volatility) as per Lipper Analysis 10.01.2020.