RHB ISLAMIC CASH MANAGEMENT FUND

Overview

Objective

The Fund aims to provide liquidity and a regular stream of income by investing in Shariah compliant money market instruments.

Initial Offer Period: 21 days from 30th June 2008 at RM1.00 per unit.
Financial Year End: 30 November.
Distribution policy: Monthly, if any and reinvesting into additional units, unless specific request for physical distribution via cheques.

Investor Profile

Suitable for investors wanting to earn returns higher than savings deposits while maintaining a high degree of liquidity.

Strategy

The Fund is an Islamic money market fund whose investment strategy is to invest in a diversified portfolio of short-term Islamic money market instruments and deposits with financial institutions. Although the Fund is actively managed, any such trading strategy will depend on the market opportunities and the anticipated  redemption requests by the Unit Holders. Specific risks associated with such securities and investments are as elaborated in Section 4.2 the Prospectus.

The risk management strategies and technique employed by the Manager include diversification of the Fund’s assets allocation in term of its exposure to various classes/type of investment. The permitted investments and restrictions imposed by the SC also provide a risk management framework. Moreover, the Manager in making its investment decisions shall at all times comply with the investment restrictions, requirements as set out in the Deed and the Principles of the Shariah. 

Asset Allocation:

• At least 90% invested into Islamic money market instruments and investment
  accounts with licensed financial institutions that is not more than 365 days
  maturity;
• Up to 10% invested in Islamic money market instruments and investment
  accounts with licensed financial institutions that is more than 365 days but
  fewer than 732 days maturity.

Fees & Transactions

Fees & Charges
Sales Charge	0.00%
Redemption Fee	None
Switching Fee	Switching from Units of the Fund to other Reduced Load funds or Normal Load funds will attract a fee equivalent to 50% of the Sales Charge of the Reduced Load funds or Normal Load funds (or such rate as determined by the Manager).
Free Switches Yearly	N/A
Annual Management Fee	0.3%
Management Expense Ratio (MER)	0.49%

Transactions (Minimum)
Investment	Initial: RM50,000 Additional: RM25,000
Regular Investment	Initial: N/A Additional: N/A
Account Balance	50,000 units
Switching	50,000 units

Investment Return

Investment Return as at 2012-02-03
3 Month Return	0.00%
6 Month Return	0.00%
1 Year Return	0.00%
3 Year Return	1.42%
5 Year Return
Investment performance information as on bid to bid basis. Nett distributions reinvested. For reference only.