Fund Manager

BIMB Investment Management Berhad

Fund Category/ Type

Bond Fund/ Income Fund

Trustee

ABB Trustee Berhad

Investment Objective

To provide reasonable level of regular annual income stream to investors through investment primarily in Islamic bonds and money market instruments.

Any material changes to the investment objective of the Fund would require Unit Holder’s approval.

Investment Strategy

In line with the objective of the Fund to provide annual income to the investors and at the same time aims to achieve moderate stability in the investors’ principal, the Fund would invest up to 90% of its Net Asset Value (NAV) in fixed income securities such as government bonds and corporate Islamic debt securities which are relatively secure and reasonable risk tolerance. The balance would be invested in Islamic money market instruments.

To maximize the funds potential return, the fund may invest primarily in corporate bonds that generally command higher yields than government bonds and money market instruments. Conversely, to ensure the stability and security of the fund’s investment, the Fund Manager would take a defensive strategy instead of taking an active trading approach by holding the bonds for long term. In doing so, the prudent selection process on issuers should be undertaken prior to purchase of the investment.

Asset Allocation (Indicative)

Nevertheless, in time of uncertain market condition, the fund manager may take temporary steps that may not be consistent with the above asset allocation policy.

Performance Benchmark

Islamic Investment Deposit Return

Based on return of the 12-Month BIMB General Investment Account (Mudharabah).

Principal Risk

Interest rate risk, credit/default risk, liquidity risk, non compliance with Syariah requirement risk.

The interest rate risk is a general economic indicator that will have an impact to the management of the fund regardless of whether it is a Shariah-based fund or otherwise. It does not in any way suggest that this fund will invest in fixed income securities, which are not approved by Shariah. All the investments carried out for this fund are in accordance with the requirement of Shariah.

Investor Profile

Suitable for investors who prefer annual income with a relatively low risk to principal capital.

Date Launched

27 December 2001

Financial Year End

31 August

Approved Fund Size

400 million units

Risk Profile

Low (conservative)

As the Fund’s investment is mainly consist of bonds which are generally less risky than stocks (as bond prices do not vary as much), the investors however should be prepared to accept the possibility of lower than average returns to compensate that lower risk.

Income Distribution (if any)

Consistent with its investment objective, the Fund are expected to make a regular income distribution to the Unit Holder once a year (or interim (half a year)) subject to the availability of investment incomes.

Mode of Income Distribution

You are given the option to either:

1. Reinvest your income distribution

Automatically reinvest the income earned, into your account.

1. Receive your income distribution

   1. By cheque

   2. Instruct us to deposit the income earned into your Bank Islam account

Note: In the absence of specific instructions or in the case cheques which are left uncashed by Unit Holders upon lapse of 6 months cheque validity period (from the date of the cheque), the Manager shall automatically reinvest the monies by purchasing additional units of the Fund on the Unit Holder’s behalf. The investment will be executed based on the NAV per unit on the last business day of the following month.

Distribution Reinvestment Option

Available

Minimum Initial Investment

RM1,000

Minimum Additional Investment

RM100

Investment Options

Lump Sum, EPF, Savings.

Cooling-off Period

Unit Holders have the right within six (6) Business Days commencing from the date of receipt of the application by the Manager, to obtain refund of the investment, subject to eligibility

Minimum Holding

1,000 units

Frequency of Redemptions

No limit

Switching Facility

Available. Unit Holders may switch their investment between ASBI Funds at anytime with no size limit at a switching fee of 1% of the amount switched (subject to a maximum fee of RM500.00). First switch waived.

Fees