Affin Hwang World Series - US Short Duration High Income Fund ("The Fund") is an income (open-ended) fund under bond fund type.

The Fund is a wholesale feeder fund which aims to provide investors with regular income through investments in a portfolio of US high yield bonds by investing in a collective investment scheme, namely Allianz US Short Duration Hign Income Bond USD AM (Monthly Distribution Share Class).

The Fund seeks to achieve its investment objective by investing a minimum of 80% of the Fund's NAV in the Target Fund and a maximum of 20% of the Fund's NAV into money market instruments, Deposits with Financial Institutions and/or liquid assets. The Fund may also have the flexibility to invest in non US-related money market instruments, Deposits and/or liquid assets.

The Fund is launched on Maybank's Platform on 21 April 2017. The Fund Manager is Affin Hwang Asset Management Berhad and the trustee is TMF Trustees Malaysia Berhad.

  • The fund is suitable for sophisticated investors who:
    • Have a medium to long-term investment horizon;
    • Have a moderate risk tolerance; and
    • Who seek an investment in a portfolio of US high yield bonds.
  • Asset Allocation as follow:
    • A minimum of 80% of the Fund's NAV in Allianz US Short Duration High Income Bond USD AM (Monthly Distribution Share Class)
    • A maximum of 20% of the Fund's NAV in money market instruments and placement of deposits with financial institutions and/or liquid assets.
  • The Fund's Income distribution is subject to the availability of income, and may be declared on a quartely basis, after the end of its first financial year.
  • Sales Charge per Unit is up to 3.00% of the NAV per unit, exclusive of Goods and Services Tax ("GST").
  • Redemption fee is Nil.
  • Transfer facility is RM5 per transfer.
  • Switching is not available
  • Base currency is USD
  • The Annual Management fee is 1.50% of the NAV.
  • Trustee Fee is 0.04% per annum of the NAV of the Fund, (excluding foreign custodian fees and charges), accrued daily and payable monthly to the Trustee.
  • The Fund consist of 5 classes to which the investors can invest in where are
    • MYR Class
    • MYR Hedged Class
    • AUD Hedged Class
    • SGD Hedged Class
    • USD Class
  • Minimum Initial Investment are as follow:
    • MYR Class - RM 10,000
    • MYR Hedged Class - RM 10,000
    • AUD Hedged Class - AUD 5,000
    • SGD Hedged Class - SGD 5,000
    • USD Class - USD 5,000
  • Minimum Additional Invest are as follow:
    • MYR Class - RM 5,000
    • MYR Hedged Class - RM 5,000
    • AUD Hedged Class - AUD 1,000
    • SGD Hedged Class - SGD 1,000
    • USD Class - USD 1,000
  • Minimum Balance of Investment are as follow:
    • MYR Class - 20,000 Units
    • MYR Hedged Class - 20,000 Units
    • AUD Hedged Class - 10,000 Units
    • SGD Hedged Class - 10,000 Units
    • USD Class - 10,000 Units
  • Redemption monies to be paid within ten (10) calendar days from the date of redemption request is received by the Manager.
  • Cooling off period, unit holders may exercise cooling-off rights within six (6) business days commencing from the date the application of investment received by the Manager.


Please refer to our nearest branch for more details about Affin Hwang World Series - US Short Duration High Income Fund.

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