Funds
Kenanga SyariahEXTRA Fund (formerly known as Libra SyariahEXTRA Fund)
 

Investment Objective

The Fund aims to provide investors with medium to long term capital appreciation through investments in specified asset classes by adopting a relatively balanced approach towards equities and fixed income exposure based on the Shariah principles. The Fund aims to achieve capital growth with lower short term volatility than is normally associated with a pure equity fund.


Fund Category / Type

Balanced (Islamic) / Growth and to a lesser extent income 


This Fund is suitable for Investors who:-

• place high importance in ensuring that the monetary value of their investment retains its purchasing power, through steady absolute capital growth and income, over the medium to long term period, at a moderate level of risk; and
• are seeking to invest in a balanced portfolio of quoted Shariah-compliant equities and sukuk, but do not have the time or expertise to monitor their investment or to make the tactical call to enter or swap one asset class to the other at the appropriate times

Performance Benchmark

composite benchmark comprising 50% of the FBM EMAS Shariah Index and 50% of the Maybank 12 Months Islamic Fixed Deposit-i rate.


Asset Allocation

• 40 - 60% of its NAV in quoted Shariah-compliant equities and Shariah-compliant equity-related securities
• 40- 60% of its NAV in sukuk with a minimum credit rating of P3 or BBB3 by RAM or equivalent rating by other rating agencies and Islamic liquid assets
 Minimum 2% of the Fund’s NAV in Islamic liquid assets

Entry Fee

Cash Investment: Up to 5.00% of the NAV per unit

EPF Investment: Up to 1.50% of the NAV per unit


Annual Management Fee

1.50% p.a. of the Fund’s NAV


Annual Trustee Fee

0.06% p.a. of the Fund’s NAV


Exit Fee

Nil


Switching Fee

Nil


Minimum Initial Investment

RM5,000


Minimum Additional Investment

RM1,000


Note:

• The management and trustee fees are computed and accrued on a daily basis and payable monthly.
• All fees and charges payable to the Manager and the Trustee are subject to the goods and services tax/sales and services tax/other taxes of a similar nature as may be imposed by the government or other authorities from time to time.


This is for information only. It should not be construed as an offer or a solicitation of an offer to purchase or subscribe or to sell units. Units of the Fund are offered solely on the basis of the information contained in the Master Prospectus and Supplementary Prospectus (if any). If you are in doubt when considering the investment or the information provided, you are advised to consult a professional adviser.

Kenanga Investors Berhad 199501024358 (353563-P). All rights reserved.
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