TA Balance Income Fund (the "Fund") is a fixed income (close-ended) fund under income and growth fund type.
The Fund aims to provide capital preservation* and income**.
*Investors are advised that this Fund is neither a capital guaranteed nor a capital protected fund. The capital will be preserved by investments in ZNIDs and Bonds. Consequently, the return of capital is SUBJECT TO the credit and default risk of the issuers of the ZNIDs and Bonds.
**The Fund will invest in Structured Warrants to provide potential annual returns. Income distribution will be paid to you by way of cash deposit to a bank account held in your own name.
The Fund seeks to achieve its investment objective by investing at least 85% of its NAV in fixed income instruments comprising 36-month RM denominated ZNID issued by Malaysian financial institutions rated at least "A" by RAM (credit rating herein refer to issuer of ZNID) or equivalent and local Bonds with at least "AA" by RAM or equivalent which aim to repay the initial investment of investors at Maturity Date (including sales charges). Up to 10% of the Fund's NAV will be invested in Structured Warrants to provide potential annual returns. The remainder of the Fund's NAV will be invested in deposits.
A minimum of 50% of the Fund's NAV will be invested in RM denominated ZNID and a maximum of 50% of the Fund's NAV will be invested in Bonds with tenures that match (i.e. 3 years) or are similar to the tenure (i.e. shorter than 3 years) of the Fund. The value of the Fund's investments in fixed income instruments issued by any single issuer shall not exceed 20% of the Fund's NAV.
The Fund is launched on Maybank's Platform on 14 July 2017. The Manager is TA Investment Management Berhad and the trustee is CIMB Commerce Trustee Berhad.
Please refer to our nearest branch for more details about TA Balance Income Fund.
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