Closing as at: 29 Nov 2022
|NAV per Unit (RM)||Change (RM)||Change (%)|
|The Fund||AmanahRaya Syariah Income Fund|
|Initial Offer Period (IOP)||1 day|
|NAV per unit during IOP||RM 1.0000|
|Launch Date||05 May 2022|
|Investment Objective||ARSIF aims to provide regular stream of monthly income* by investing in Islamic money market instruments and sukuk.
ANY MATERIAL CHANGES TO THE FUND OBJECTIVES WOULD REQUIRE UNIT HOLDERS’ APPROVAL.
|Investment Policy and Strategy||ARSIF will invest in Islamic money market instruments and RM-denominated short to medium-term sukuk (with maturity of no longer than five (5) years) with a following minimum credit rating:
i. Short-term credit rating of P1 by RAM or MARC-1 by MARC; or
If the credit rating of the instruments falls below the minimum rating, the Fund may dispose of the investment. However, the Fund reserves the right to maintain the investment if the downgrade is a temporary event.
The Fund may also invest up to 30% of the Fund's NAV in Islamic negotiable instruments of deposit with tenure up to five (5) years. The issuers of the Islamic negotiable instruments of deposit must have a minimum credit rating of A3 by RAM or A- by MARC.
In the event of a credit downgrade of the issuer below the minimum rating requirement or where the Manager at its discretion view that there is a likelihood of credit default, the Manager may decide to partially or fully unwind the particular instruments. A credit downgrade means that credit risk has increased but it does not mean that there will be a default. A credit downgrade will generally have no impact on the value of the Islamic negotiable instruments of deposit upon its maturity if a credit default did not occur. However, if the Manager chooses to unwind the instrument prior to its maturity, it may result in capital losses and these losses will be borne by the Fund and reflected in its NAV.
The Fund may also invest in Islamic CIS provided that such Islamic CIS is consistent with the investment objective of the Fund.
Although the Fund is actively managed, the frequency of its trading strategy will very much depend on market opportunities.
The Fund shall hold a minimum of 2% of the Fund’s NAV (or such other amount as may be agreed by the Manager and Trustee from time to time) in Islamic liquid assets such as cash and Islamic deposits.
Note: “Short-term credit rating" refers to the credit rating of an instrument for a period of less than twelve (12) months issued by credit rating agency whereas "long-term credit rating" refers to a credit rating for a period of at least five (5) years.
|Investor Profile||It is suitable for investors who:
|Benchmark||Malayan Banking Berhad Al-Mudharabah (GIA) 1-Month Rate
The structure of the above benchmark is referring to the investment strategy of the Fund. The risk profile of the performance benchmark is not the same as the risk profile of the Fund.
You can obtain the information on the benchmark from maybank2u website (http://www.maybank2u.com.my). For further details on the benchmark, you may obtain the information from the Manager upon request.
|Financial Year End||31 March|
|Trustee||Maybank Trustees Berhad|