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 income1 and stability in capital2 while adhering to Shariah Requirements. The Fund intends to invest mainly in Islamic money market instruments and short-to-medium term3 sukuk. Islamic money market instruments include Islamic deposits, and other short-term4 Islamic money market instruments such as Islamic negotiable instruments 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 capital2;
  • wish to park excess funds in a relatively stable investment vehicle for short-to-medium term3;
  • desire a stable and regular stream of income1;
  • 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, single issuer risk and counterparty risk
Notes:
1 Income may be distributed in the form of cash and/or Units.
2 Please take note that this Fund is not a capital guaranteed fund or a capital protected fund and the returns are not guaranteed.
3 Refers to a period of 1 to 3 years.
4 Refers to a period of less than 1 year.
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:
The fees and charges stated are subject to any applicable taxes and/or duties and at such rate as may be imposed by the government from time to time. The Manager/Trustee (where applicable) shall have the right to charge and recover from the Fund any applicable taxes and/or duties 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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Fund Resources

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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
  • Account Opening Form