Phillip Wholesale Islamic Income Fund

Fund Objective

The Fund seeks to achieve its objective by investing primarily in Islamic fixed income securities, Islamic Deposits and Islamic money market instruments. The Fund will be actively managed and the strategy is to provide Unit Holders with liquidity access to their investments and returns higher than savings and investment accounts that will depend on the general market condition, market outlook, changes in interest rates, yield curve changes and other various factors.

Fund Type / Fund Category Income
Investor’s Profile This Fund is suitable for investors who:
• are conservative and have low risk tolerance;
• prefer a short to medium term investment horizon;
• seek regular Shariah-compliant income.

Fees & Charges

Sales Charges Up to 1.00% of the NAV per Unit
Redemption Charge Nil
Switching Fee Switching of Units from the Fund to a fund to be switched into will be processed based on the respective fund’s net asset value per unit calculated at the end of the Business Day, and a switching fee equal to the sales charge of the fund to be switched into.
Transfer Fee Nil
Annual Management Fee Up to 1.00% per annum of the NAV of the Fund.
Annual Trustee Fee 0.015% per annum of the NAV of the Fund (excluding foreign sub-custodian fees and charges), subject to a minimum of RM12,000 per annum.