Approved Fund Size

400 million units

Financial Year End

31 December

Fund Manager

OSK-UOB Islamic Fund Management Berhad (879478-A)
(A Subsidiary of OSK-UOB Investment Management Berhad)

The Trustee

HSBC (Malaysia) Trustee Berhad (1281-T)

Offer Price during the Initial Offer Period

RM0.50

Investment Objective

This Fund aims to achieve medium to long term* capital appreciation, through investments in Shariah compliant securities of companies that are involved in the food based and / or food-related businesses globally.

*Note: "medium to long term" in this context refers to a period of between 3-7 years.

Investor Profile

This Fund is suitable for investors who:

• seek global Shariah compliant equity investment exposure; 
• wish to participate in the potential gains from investing in Shariah compliant securities of companies involved in food and food related businesses; 
• are willing to accept a higher risk in their investments to obtain potentially higher returns in the medium to long term; and 
• seek capital appreciation.

Asset Allocation

This Fund's portfolio will be structured as follows:

• 70% to 98% of Net Asset Value
  • Investment in Shariah-compliant equities and equity-linked securities of companies that are involved in the food and food-related businesses and which offers growth potential and/or dividend.
• 2% to 30% of Net Asset Value
  • Investments in sukuk, Islamic money market instruments, cash and Islamic deposits with financial institutions.

Generally, the Fund will have a Shariah compliant equity exposure of 70% to 98% of the Fund's Net Asset Value to generate returns to the Fund. However, the Manager may lower the Shariah compliant equity exposure of the Fund in favour of sukuk, Islamic money market instruments and Islamic deposits in order to help achieve the benchmark return and / or to help preserve capital and return. Accordingly, the Fund's exposure to sukuk, Islamic money markets instruments and Islamic deposits may increase up to 100% of the Fund's Net Asset Value until such time when the Manager considers the investment in equity appropriate.

Distribution Policy

Consistent with the Fund's objective which aims to achieve medium to long term capital appreciation, distributions will therefore be of secondary importance. Net distributions, if any, will be reinvested.

Benchmark

7.00% growth per annum in Net Asset Value of a Unit over a medium to long term.

This is only a measurement of the Fund's performance and is not a guaranteed return. The Fund may not achieve the aforesaid 7% per annum growth rate in any particular financial year but targets to achieve this growth over the medium to long term.

Sales Charge per Unit

5.50% of NAV

Transfer Fee

RM5 per transfer

Repurchase Charge per Unit

The repurchase charge of 1.00% of the redemption amount is payable by a Unit Holder if he redeems his investments within the 6 months period commencing from the last day of the Initial Offer Period. After the 6 months period, no repurchase charge will be levied. All repurchase charges paid by the Unit Holders will be retained by the Manager.

Switching Fee

RM25.00 per switch or the difference in sales charge between the switching funds on the amount to be switched, where applicable.

Switching is available (except during the Initial Offer Period).

Minimum Balance of Investment

100 Units or such other quantity as the Manager may from time to time decide.

Annual Management Fee

1.80% per annum of Net Asset Value before deducting the Manager's and Trustee's fees for that particular day.

Trustee Fee

0.08% per annum of Net Asset Value before deducting the Manager's and Trustee's fees for that particular day, subject to a minimum of RM18,000 per annum (excluding foreign custodian fees and charges).

Minimum Initial Investment

RM1,000 or such other amount as the Manager may from time to time accept.

Min Additional Investment

RM100 or such other amount as the Manager may from time to time accept.

Redemption Period

Redemption monies to be paid within ten (10) days after receipt by the Manager of the request to repurchase

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 withdraw the subscription and obtain a refund of the investment, subject to eligibility.

Please refer to our nearest branch for more details about OSK-UOB Global Food Islamic Equity Fund