Closing as at: 29 Nov 2022
|NAV per Unit (RM)||Change (RM)||Change (%)|
|The Fund||AmanahRaya Syariah Cash Management Fund|
|Fund Category||Islamic Money Market Fund|
|Initial Offer Period (IOP)||1 day|
|NAV per unit during IOP||1.0000|
|Investment Objective||The Fund seeks to provide a regular* stream of income by investing in Islamic short-term debentures, Islamic money market instruments and placement in Islamic short-term deposits.
ANY MATERIAL CHANGE TO THE INVESTMENT OBJECTIVE OF THE FUND WOULD REQUIRE UNIT HOLDERS’ APPROVAL.
|Investment Policy and Strategy||The Fund’s activities shall be conducted strictly in accordance with the principles of Shariah and shall be monitored by the Shariah Adviser.
The Fund is an Islamic money market fund that is actively managed to provide regular* income stream to Unit Holders. The investments of the Funds are largely confined to placement of Islamic short-term deposit instruments with Islamic financial institutions, short-term Sukuk issues by the Malaysian government, government-backed agencies, Bank Negara Malaysia, Malaysian corporations and Islamic money market instruments. Short-term Sukuk issued by Malaysia corporations must carry a minimum credit rating of AA3 by RAM or AA- by MARC or its equivalent by any other recognized credit rating agencies. The Fund’s investment in Islamic money market instruments may include Islamic commercial paper of companies carrying a minimum short-term credit rating of P1 by RAM or MARC-1 by MARC or its equivalent by any other recognised credit rating agency.Note:
*The Fund endeavors to distribute income (if any) on a monthly basis by way of reinvestment in the form of additional units depending on the performance of the fund.
|Asset Allocation||The Fund’s property should only consist of permitted investments. Permitted investments of the Fund are Shariah-compliant:
|Risk Management||We adopt the risk management policies as outlined below: -
If the credit rating of the Islamic debentures or Islamic money market instruments falls below the minimum rating, the Fund may dispose off the investment. However, the Fund reserves the right to maintain the investment of downgrade is a temporary event.
|Distribution Policy||The Fund endeavors to distribute income (if any) on a monthly basis by way of reinvestment in the form of additional units depending on the performance of the Fund.|
|Mode of Distribution||You may choose to receive the distribution in the form of cheques, or reinvest as additional units to your investment. The additional units will be based on NAV per unit as at the valuation date immediately following the distribution date.
No sales charge will be imposed on distribution reinvestment.
If no distribution instruction is specified on the application form or the cheque is returned or unclaimed within (6) months from the date of issues, the income from the Fund will be automatically reinvested into additional units of the Fund.
UNIT PRICES AND DISTRIBUTION PAYABLE, IF ANY, MAY GO DOWN AS WELL AS UP.
|Investor Profile||The Fund is primarily suitable for low risk investors who generally conservative, seek capital preservation, risk averse and prefer a short-term investment horizon.|
|Benchmark||Maybank Islamic Overnight Repo Rate
(obtainable from www.maybank2u.com.my)
The risk profile of the performance benchmark is not the same as the risk profile of the Fund.
For further details on the benchmark, you may obtain the information from the Manager upon request.
|Financial Year End||30 April|