Hong Leong Islamic Income Management Fund

Hong Leong Islamic Income Management Fund (HLIIMF) aims to provide investors with a low risk investment portfolio offering a stable and regular stream of income* and stability in capital** while adhering to Shariah Requirements. The Fund intends to invest mainly in Islamic money market instruments and short-to-medium term sukuk. Islamic money market instruments include Islamic deposits, and other short-term Islamic money market instruments such as negotiable Islamic debt certificates (“NIDC”) and  Islamic repurchase agreements with financial institutions.

 
Fund Category Fixed Income (Islamic)
Fund Type Income
Launch Date 26 April 2007
Asset Allocation
(% of Fund’s NAV)
  • Islamic money market instruments and sukuk: Minimum 70% and maximum 100%.
  • Islamic liquid assets: Minimum 2%.
Performance Benchmark Malayan Banking Berhad 1-month GIA rate.
Investor Profile The Fund is suitable for investors who:-
  • are looking for Shariah-compliant investments;
  • want to preserve their capital**;
  • wish to park excess funds in a relatively stable investment vehicle for short-to-medium term;
  • desire a stable and regular stream of income*;
  • are seeking exposure to the sukuk market; and
  • wish to diversify their investments.
Minimum Initial Investment RM1,000
Minimum Subsequent Investment RM100
Specific Risks Particular security risk, credit/default risk, interest rate risk and counterparty risk
Notes:
* Income may be distributed in the form of cash and/or Units.
** Please take note that this Fund is not a capital guaranteed fund or a capital protected fund and the returns are not guaranteed.
Sales Charge NIL
Redemption Charge NIL
Switching Fee NIL
Annual Management Fee# 0.50% p.a.
Annual Trustee Fee# 0.08% p.a., subject to a minimum of RM18,000 p.a.
Notes:
* Income may be distributed in the form of cash and/or Units.
** Please take note that this Fund is not a capital guaranteed fund or a capital protected fund and the returns are not guaranteed.
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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  • Prospectus
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  • Supplemental Prospectus
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  • Product Highlights Sheet
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  • Invest Facts
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  • Annual Report
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  • Interim Report
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