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Each of the funds referred to in the Principal Asset Management Berhad (‘Principal’) website is intended only to be made available in Malaysia and offered only to persons in Malaysia. The data presented is for information purposes only and is not a recommendation to buy or sell any securities or adopt any investment strategy. This material is not intended to be relied upon as a forecast, research, or investment advice regarding a particular investment or the markets in general, nor is it intended to predict or depict performance of any investment. The information it contains does not take account of any investor's investment objectives, particular needs or financial situation. You should consider whether an investment fits your investment objectives, particular needs and financial situation before making any investment decision.

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Principal Islamic Money Market Fund (Class AR) EPF MIS

Fund Performance

As at date : 31-08-2021
Fund
Year To Date Performance (%) 1Year (%) 3Year (%) 5year (%) Since Inception (%) NAV (MYR) Fund Size (million)
Principal Islamic Money Market Fund (Class AR) 1.36% 1.98% 8.83% 16.84% 49.41% 1.0690 123.71
Benchmark 1.01% 1.60% 7.51% 14.15% 42.75%
Benchmark : CIMB Islamic 1-Month Fixed Return Income Account-i (FRIA-i)

Income Distribution History

Period Gross (Sen/ Unit) Annualised Yield (%)
Sep-2021 0.25 2.76
Aug-2021 0.24 2.64

Disclaimer : Annualised yield is calculated as the most recent monthly dividend distribution multiplied by the Fund’s dividend frequency and divided by the latest NAV.

Unit Split History

General Information

The Fund is an Islamic money market fund, aims to provide investors with liquidity and regular income, whilst maintaining capital stability by investing primarily in money market instruments that conform with Shariah principles.

The Fund is neither a capital guaranteed fund nor a capital protected fund.

The Fund is suitable for investors who:

  • have either a short or medium-term investment horizon;
  • want a portfolio of investments that adhere to Shariah principles;
  • want a portfolio that invest in money market instruments;
  • desire a stream of income; and/or
  • seek security and flexibility in investment.

Fund Details

Distribution Policy Monthly, depending on the level of income (if any) the Fund generates.
 
Initial Investment Minimum MYR10,000 or such other amount as we may decide from time to time.
 
Additional Investment MYR1,000 or more at any time or such other amount as we may decide from time to time.
 
Cooling off period For first time investor investing with us, you have six (6) Business Days from the date the completed application is received and accepted by us to reconsider its appropriateness and suitability for your investment needs. Within this period, you may withdraw your investment at the same NAV per unit when the units were purchased. We will refund the investment amount including the Application Fee (if any) to you within ten (10) calendar days from the day we receive the complete documentations. Please note that the cooling-off right is only given to first time investor investing with us. However, Principal Malaysia’s staff or a person registered with a body approved by the SC to deal in unit trusts are not entitled to the cooling-off right.

If the Fund is an EPF-MIS approved fund and you have invested via EPF-MIS, your cooling-off right is subject to EPF’s terms and conditions.
 
Minimum Withdrawal 1,000 units or such other number of units as we may decide from time to time.
 
Launch Date 13 August 2021.
 

Fund Partner

  • Bank Kerjasama Rakyat Malaysia Berhad
  • CIMB Bank Berhad
  • CIMB Investment Bank - Retail Equities
  • CIMB Private Banking
  • Principal Distributors
  • Kenanga Investment Bank Berhad
  • Kuwait Finance House
  • Phillip Mutual Berhad
  • Standard Chartered Bank (Malaysia) Berhad
  • UOB Kay Hian Securities (M) Sdn Bhd

Click here to know more about our fund partner(s). 

Fund Fees

Application Fees Nil
Annual Fees Management Fee: Up to 0.40% per annum of the NAV of the class.

Trustee Fee: Up to 0.02% per annum includes local custodian fee but excludes foreign sub-custodian fees and charges (if any) of the NAV of the Fund.
 
Switching Fees Switching is treated as a withdrawal from this Class and an investment into another Class or Principal Malaysia’s fund (or its class). As such, you may be charged a Switching Fee equal to the difference (if any) between the Application Fee of this Class and the Application Fee of the other Class or Principal Malaysia’s fund (or its class). Switching Fee will not be charged if the Class or Principal Malaysia’s fund (or its class) to be switched into has a lower Application Fee. In addition, the Manager may impose a MYR100 administrative fee for each switch. You may negotiate to lower the Switching Fee and/or administrative fees with the Manager or our Distributors. The Manager also have the discretion to waive the Switching Fee and/or administrative fees.