Hong Leong Dana Al-Izdihar

Hong Leong Dana Al-Izdihar (HLDAIZ) aims to provide investors regular income* while maintaining capital stability** by investing primarily into Islamic Deposits and Islamic money market instruments.

 
Fund Category Money Market (Islamic)
Fund Type Income
Launch Date 20 June 2017
Asset Allocation
(% of Fund’s NAV)
  • Islamic Deposits and Islamic money market instruments with a maturity period of not more than 365 days: Minimum 90%.
  • Islamic Deposits and Islamic money market instruments (e.g. Islamic negotiable instruments of deposits (INID)) with a maturity period of more than 365 days but not more than 732 days: Maximum 10%.
Performance Benchmark Bank Negara Malaysia Islamic Interbank Overnight Rate
Investor Profile This Fund may be suitable for investors who:
  • have a short-term (i.e. less than one year) investment horizon;
  • want to place their monies in a Shariah-compliant investment;
  • desire for a regular stream of income*; and/or
  • have a low risk tolerance

Notes:
* Income will be distributed in the form of additional units.

Minimum Initial Investment RM1,000
Minimum Subsequent Investment RM100
Specific Risks Reinvestment risk, interest rate risk, liquidity risk and counterparty risk
Notes :
*Income will be distributed on a weekly basis, subject to the availability of income in the form of additional units unless unit holders opt for the distribution to be paid out.
**The Fund is not a capital guaranteed or a capital protected fund and that the returns are not guaranteed.
Sales Charge# NIL
Redemption Charge NIL
Switching Fee NIL
Annual Management Fee# Up to 0.20% per annum of the Fund’s NAV
Annual Trustee Fee# Up to 0.015% per annum of the Fund’s NAV, subject to a minimum of RM9,000
Notes:
#The fees and charges stated are exclusive of any tax such as GST and/or other indirect or similar tax that may be payable. The Manager/Trustee (where applicable) shall have the right to charge and recover from the Fund any GST or other indirect or similar tax now or hereafter imposed by law or required to be paid in connection with the products or services provided by the Manager/Trustee (where applicable).
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    Disclaimer

    Printed copies of our prospectuses/information memorandums can be obtained from our offices or authorised agents and distributors. The unit trust funds to which the prospectuses/information memorandums relate are available only in Malaysia and to investors in Malaysia. Hong Leong Asset Management Bhd is responsible for this internet site on which the prospectuses/information memorandums are posted.

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    Disclaimer

    Printed copies of our prospectuses/information memorandums can be obtained from our offices or authorised agents and distributors. The unit trust funds to which the prospectuses/information memorandums relate are available only in Malaysia and to investors in Malaysia. Hong Leong Asset Management Bhd is responsible for this internet site on which the prospectuses/information memorandums are posted.

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