Fund objective
The Fund endeavours to provide regular income* during the tenure of the Fund.
* Income declared will be paid out by way of e-payment (i.e. telegraphic, online transfer or other forms of electronic payment) according to Unit Holders’ instructions in the account opening form.
Read more..Fund information
Lipper rating
-
MYR 0.8738
NAV as of 2024/04/17
-
MYR 0.0003
Daily $ Change
-
0.03%
Daily % Change
| Fund Type / Fund Category | Income / Bond (close-ended) |
|
Sales Charge: - Direct Investments - EPF-MIS |
Up to 3.00% of the NAV per unit N/A |
| Annual Management Fee | Up to 0.15% of the NAV of the Fund per annum |
| Annual Trustee Fee | Up to 0.06% of the Fund’s NAV per annum, subject to a minimum of RM15,000 (excluding foreign custodian fees and charges) per annum |
| Income Distribution Policy | On annual basis, subject to the availability of income |
| Risk Profile | Moderately aggressive |
The closing date of application for this Fund is 19 June 2019. No units will be issued after the closing date. The information contained herein are for information and archiving purposes only.
External Fund Manager
Eastspring Investments (Singapore) Limited was established the Singapore office in 1994 and manages approximately SGD 185.63 billion in funds under management, of which approximately SGD 165.48 billion are discretionary funds managed in Singapore, as at December 2023., Eastspring Investments (Singapore) Limited is licensed and regulated by the Monetary Authority of Singapore under the Securities and Futures Act (Chapter 289), Singapore.
Eastspring Investments (Singapore) Limited is an ultimately wholly-owned subsidiary of Prudential plc (“Prudential”). Eastspring Investments (Singapore) Limited and Prudential are not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America or with the Prudential Assurance Company, a subsidiary of M&G plc (a company incorporated in the United Kingdom).
Fund composition
Asset Allocations (%)
as of 29-Feb-2024
Country Allocations (%)
as of 29-Feb-2024
Top Holdings(%)
as of 29-Feb-2024
Returns
| 1M | 6M | 1Y | 3Y | 5Y | YTD | Since Inception | |
|---|---|---|---|---|---|---|---|
| Bid-bid | 0.13% | 2.95% | 3.22% | -7.29% | 0.00% | 0.87% | -7.06% |
| Benchmark | 0.26% | 1.67% | 3.31% | 8.28% | 0.00% | 0.56% | 13.28% |
Returns (%) as of 29-Feb-2024
Historical Distribution
| Declaration date | Gross distribution (RM) |
Type of distribution | Nett distribution (RM) |
Nett distribution yield |
|---|---|---|---|---|
| 2021/07/09 | 0.0258 | Income (100%) | 0.0258 | 2.62% |
| 2020/08/19 | 0.0361 | Income (100%) | 0.0361 | 3.75% |
Historical Distribution as of 03-Apr-2024
Downloads
Information Memorandum (0.5MB)
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- The maintenance of this site is the responsibility of the Brand & Communications Department, Eastspring Investments Berhad.
- Any information that falls outside this designated area does not form part of the e-prospectus and that unit trusts are offered solely on the basis of the information contained in the e-prospectus. This unit trust fund is made available only to customers and prospective customers in Malaysia. A printed prospectus, supplemental prospectus and application form are also available at our office and all authorized agents/distributors. Please click here for a list of our offices.
Based on the Fund’s portfolio returns as at 31 January 2024, the Volatility Factor (VF) for this Fund is 10.9 and is classified as “Moderate” (Source: Lipper). “Moderate” generally includes funds with VF that are higher than 8.33 but not more than 10.965. The VF means that there is a possibility for the Fund in generating an upside return or downside return around this VF. The Volatility Class (VC) is assigned by Lipper based on quintile ranks of VF for qualified funds. VF is subject to monthly revision. The VF for the Fund may be higher or lower than the VC, depending on the market conditions. The Fund’s portfolio may have changed since this date and there is no guarantee that the Fund will continue to have the same VF or VC in the future. Presently, only funds launched in the market for at least 36 months will display the VF and its VC.
This is a close-ended fund. Units are no longer available for sale on the basis of the Eastspring Investments Target Income Fund 7 (“Fund”) Information Memorandum dated 13 May 2019 (“Info Memo”) . Investors are advised to read and understand the contents of the Info Memo and the Fund’s Product Highlights Sheet (“PHS”) before investing. The Info Memo and PHS are available at offices of Eastspring Investments Berhad or its authorised distributors and investors have the right to request for a copy of the Info Memo and PHS.
This advertisement has not been reviewed by the Securities Commission Malaysia ("SC"). The Info Memo has been deposited with the SC who takes no responsibility for its contents. The lodgement of Info Memo with the SC does not amount to nor indicate that the SC has recommended or endorsed the product. Units will only be issued upon receipt of the application form. Past performance of the Manager is not an indication of the Manager’s future performance. Unit prices and distributions payable, if any, may go down as well as up. Where a unit split/distribution is declared, investors are advised that following the issue of additional units/distribution, the Net Asset Value (“NAV”) per unit will be reduced from pre-unit split NAV/cum-distribution NAV to post-unit split NAV/ex-distribution NAV. Where a unit split is declared, investors are advised that the value of their investment in Malaysian Ringgit will remain unchanged after the issue of the additional units.
Investments in the Fund are exposed to credit or default risk, counterparty risk, interest rate risk, country risk, currency risk, taxation risk, income distribution risk, asset mismatch risk, concentration risk, reinvestment risk, ratings downgrade risk and derivatives risk. Investors are advised to consider these risks and other general risks as elaborated in the Info Memo, as well as the fees, charges and expenses involved before investing. Investors may also wish to seek advice from a professional adviser before making a commitment to invest in units of any of our funds.
Eastspring Investments ("Eastspring") is an ultimately wholly owned subsidiary of Prudential plc. Prudential plc, is incorporated and registered in England and Wales. Registered office: 1 Angel Court, London EC2R 7AG. Registered number 1397169. Prudential plc is a holding company, some of whose subsidiaries are authorized and regulated, as applicable, by the Hong Kong Insurance Authority and other regulatory authorities. Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America or with the Prudential Assurance Company Limited, a subsidiary of M&G plc. A company incorporated in the United Kingdom.
A Note on Cross Trade Policy
Cross trade is defined as a buy and sell transaction of the same security between two or more clients’ accounts managed by a fund management company. Eastspring Investments Berhad (“Manager”) may conduct cross trades provided the following conditions imposed by the regulators are met:
- the cross trade is in the best interests of both clients;
- the reason for cross trades are documented prior to execution of the trades;
- the cross trade is executed through a dealer or a financial institution on an arm’s length and fair value basis; and
- the cross trade transaction is disclosed to both clients.
All cross trades will be executed in accordance with the Manager's policy which is in line with the regulatory requirements. Post transactions, all cross trades will be reviewed by the Manager’s compliance officer and the investment committee.
Cross trades between (i) the personal account of an employee of the Manager and any clients’ account; (ii) the Manager's proprietary accounts and any clients' account, are strictly prohibited.