Eastspring Investments Wholesale Sukuk Fund

Fund information

MYR 1.0258
NAV as of 2020/08/05
MYR 0.0021
Daily $ Change
0.21%
Daily $ Change

Fund objective

The Fund aims to provide regular income stream* and capital growth over the medium to long term**.

* Income distributed to a Unit Holder will be reinvested into additional Units unless Unit Holder opts for the distribution to be paid out.

** “medium to long term” in this context refers to a period between 3-5 years.

Fund Type / Fund Category Income / Sukuk
Sales Charge:
- Direct Investments
- EPF-MIS

Nil
N/A
Annual Management Fee Up to 0.50% of the Fund’s NAV per annum
Annual Trustee Fee Up to RM2 billion - 0.03% of the Fund’s NAV per annum; Above RM2 billion - 0.015% of the Fund’s NAV per annum;

subject to a minimum of RM15,000 per annum (excluding foreign custodian fees and charges) calculated and accrued daily
Income Distribution Policy On quarterly basis, subject to the availability of income
Risk Profile Conservative

External Fund Manager

Eastspring Al-Wara Investments Berhad (Eastspring Al-Wara’) is an Islamic investment management company managing assets for pension funds, institutional investors as well as onshore and offshore mandates.

Eastspring Al-Wara’ is part of the Prudential Group. The ultimate parent company of the Prudential Group is Prudential plc whose shares are listed on the London, New York, Hong Kong and Singapore stock exchanges.

Headquartered in Kuala Lumpur, Eastspring Al-Wara’ is responsible for providing innovative Shariah investment solutions and target the rapidly growing Shariah institutional asset management market alongside Malaysia’s plans to expand its position as a leading international Islamic Finance Centre.

As at 31 December 2019, the company manages more than RM6.18 billion of Shariah compliant assets.

Eastspring Al-Wara’ is also part of the Malaysian International Islamic Financial Centre community, which focuses on supporting the development of the Malaysian Islamic capital market and positioning Malaysia as one of the leading global hub for Islamic finance.

Eastspring Al-Wara’ was recently accorded “Best Islamic Fund Management” from Asia Halal Brand Awards 2019, affirming our passion and commitment to deliver high quality investment outcomes to investors.

 

NAV

as of 05-Aug-2020

 

Returns

1M 6M 1Y 3Y 5Y YTD Since Inception
Bid-bid - - - - - - -
Benchmark - - - - - - -

Downloads


Download section requires Adobe Acrobat plugins. To download your free copy, please click here

To unzip the Supplementary Prospectuses, you will need an unzip application. To down load your free copy:
For PC, please click here
For Android please click here
For iPhone please click here

* Disclaimer:
  • 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.

 


Investors are advised to read and understand the contents of the Eastspring Investments Wholesale Sukuk Fund (“Fund”) Information Memorandum dated 27 March 2020 and the Eastspring Investments Wholesale Sukuk Fund First Supplementary Information Memorandum dated 10 July 2020 (collectively, the “Info Memos”) and the Fund’s Product Highlights Sheet (“PHS”) before investing. The Info Memos 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 Memos and PHS.


This advertisement has not been reviewed by the Securities Commission Malaysia ("SC"). The Info Memos have been registered with the SC who takes no responsibility for its contents. The registration of Info Memos 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, income distribution risk and shariah status reclassification risk. Investors are advised to consider these risks and other general risks as elaborated in the Info Memos, 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 companies (excluding JV companies) are ultimately wholly-owned/indirect subsidiaries/associate of Prudential plc of the United Kingdom. Eastspring Investments companies (including JV companies) and Prudential plc 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).


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.