CIMB Islamic Enhanced Sukuk Fund (formerly Lifetime Dana Wafiq)
Fund Type: Bonds (Shariah) / Income
To grow the value of the unitholders’ investments over the medium term in an Islamic bond portfolio with most tenures ranging from 3-10 years as well as to provide regular income.
- have a medium term investment horizon;
- want a portfolio of investments that adhere to the Shariah principles;
- want a diversified portfolio of investments that includes Sukuk;
- seek for less volatile asset class with some exposure to the equities;
- are willing to take moderate risk for potentially higher returns; and/or
- can accept that returns may fluctuate over the short term.
| Application Fees |
Up to 2.0% on each investment |
|
Annual Fees |
Management Fee: 1.0% per annum of the NAV |
| |
Trustee Fee: 0.07%* per annum of the NAV
* Subject to a minimum fee of RM18,000 per annum |
| Switching Fees |
Since switching is treated as a withdrawal from one (1) fund and an investment into another fund, you will be charged a Switching Fee equal to the difference (if any) between the Application Fees of these two (2) funds. In addition, the Manager imposes a RM100 administrative fee for every switch made out of a Fund. However, this RM100 administrative fee is waived for the first four (4) switches out of a Fund in every calendar year. The Manager also has the discretion to waive the Switching Fee and/or administrative fees. |
| Distribution Policy |
Distribution (if any) is expected to be distributed annually at the Manager’s discretion*. |
|
Investment Time Horizon |
Recommended 3 years or more. |
| Initial Investment |
Minimum RM2,000. |
| Additional Investment |
RM500 or more at any time. |
| Cooling off period |
You have six (6) Business Days after your initial investment (i.e. the date the application is received by CIMB-Principal Asset Management) to reconsider its appropriateness for your needs. Within this period, you may withdraw your investment at the NAV per unit on the day the units were first purchased and have the Application Fee (if any) repaid. Please note that the cooling-off right is only given to an investor who is investing with CIMB-Principal Asset Management or any Approved Distributor for the first time.
However, corporations/institutions, CIMB-Principal Asset Management’s staff and person(s) registered to deal in unit trust of CIMB-Principal Asset Management or any Approved Distributor are not entitled to the cooling-off right.
However, investors who invest via the EPF Members Investment Scheme (where available) are subject to EPF’s terms and conditions. |
| Redemption/Withdrawal |
RM500 or 500 units. |
| Launch Date |
23 February 2005. |
| Approved Fund Size (units) |
500 million. |
* Note: Pursuant to the Master Deed, the Manager has the right to make provisions for reserves in respect of distribution of theFund. If the distribution available is too small or insignificant, any distribution may not be of benefit to the Unit holders as the total cost to be incurred in any such distribution may be higher than the amount for distribution. The Manager has the discretion to decide on the amount to be distributed to the Unit holders.
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