Fund type / Category

Income / Real estate backed assets

The Fund may suitable for investors who:

• have a long-term investment horizon;
• seek capital preservation;
• seek regular income; and
• have low risk tolerance.

Investment Objective

The Fund seeks to provide Unit Holders with a regular and consistent income stream whilst preserving the Unit Holders' investment capital.

Financial Year End

30 September

The Sponsor

Pelaburan Hartanah Berhad

The Manager

Maybank Asset Management Sdn. Bhd.

The Trustee

AmanahRaya Trustees Berhad

Price per Unit

RM1.00

Eligibility

• Malaysian Bumiputera:
  • Akaun Dewasa (18 years and above);
  • Akaun Remaja (for minor age three (3) months and above but below 18 years under the name of a leagal guardian. Legal guarnian must be 18 years and above. Both legal guardian and minor must be Malaysian Bumiputera);
• Bumiputera institution Note (1) ; and
• Others as specified by the deed
  Note (1) : Any sale of units to Bumiputera Institution is by invitation from the Manager, in consultation with the Sponsor.

Approved Fund Size

4,000,000,000 units

Asset Allocation

Investments

• Investment in beneficial ownership of real estate in Malaysia which are Shariah-compliant; and
• Cash and any other money market instruments which are Shariah-compliant.

Limits

• 34% to 100% of the Fund's Value of Fund may be invested in beneficial ownership of real estate in Malaysia; and
• 0% - 60% of the Fund's Value of Fund may be invested in cash any other money market instruments

Distribution Policy

Distributions may be made from the income of the Fund at the election of the Manager in consultation with the Sponsor, on a semi-annual basis or at such other times as the Manager in its sole discretion may determine, subject to approval from the Trustee. Only Unit Holders whose names appear on the register of Units Holders on the entitlement dateNote (2) are entitled for the distribution.

Note (2) : 31 March and 30 September or such other date as may be determined by the Manager

Benchmark

12-month General Investment Account-i of Maybank Islamic Berhad

Sales Charge per Unit

Currently, the Manager does not impose any sales charge whenever you buy the units.

Repurchase Charge

Currently, the Manager does not impose any repurchase charge whenever you sell the units.

Annual Management Fee

Up to a maximum of 1.00% per annum of the Value of Fund, subject to minimum RM18,000 per annum.

Trustee Fee

Up to 0.08% per annum of the Value of Fund, subject to a minimum of RM18,000 per annum (excluding foreign custodian fees and charges).

Minimum Initial Investment

• Individual - 100 units;
• Individual under the EPF Members' Investment Scheme - 1,000 units; and
• Bumiputera institution - 250,000 units Note (3)

Minimum Subsequent Investment

• Individual - 50 units;
• Individual under the EPF Members' Investment Scheme - 1,000 units; and
• Bumiputera institution - to be determined by the Manager and the Sponsor. Note (3)

Note (3) : Subject to availability of units.

The Manager has the discretion to vary the limit on investment by any individual and/or Bumiputera institution.

Minimum Balance Requirement

Unit Holders are required to maintain a minimum balance of 100 units (or 1,000 units if investment made under the EPF Members' Investment Scheme). In the event a request to repurchase would result in a Unit Holder holding less than 100 units (or less than 1,000 units if investment made under the EPF Members' Investment Scheme), the Manager is entitled to repurchase all the remaining units and to close the Unit Holder's account.

Minimum Repurchasing of Units/Selling of Units

• Individual - 100 units; and
• Bumiputera institution - to be determined by the Manager and the Sponsor.

Frequency of Repurchasing of Units

Once in a calendar month

Cooling-off Rights

Not applicable

Switching Policy

Switching is not allowed for the Fund.

Additional Information

Akaun Remaja Promotion

Get rewarded with additional 50 units for every new Account Remaja opened.

Promotion Terms and Conditions

• Eligible for new Akaun Remaja investment only.
• The additional 50 units will be credited into unitholder's account within 14 days of the following month.
• The minimum balance of 100 units shall be maintained for a period of 3 years.
• Promotion period 1 October 2017 to 31 January 2018.
• The Fund Manager reserves the right to vary any of the terms and conditions herein.

Click here for the Akaun Remaja Promotion FAQ.

Please refer to our nearest branch for more details about Amanah Hartanah Bumiputera.