Public Mutual Funds Info: Public Islamic Alpha-40 Growth Fund

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New Public Mutual Fund launched in Nov 2010

Fund category: Equity-Syariah
Fund type: Capital growth
Fund objective: To achieve long term capital growth by investing in a maximum of 40 selected stocks that comply with Syariah requirements
Asset allocation: 75-98% in equities , The balance in Sukuk & Islamic money market instruments
Market Scope: Primarily domestic market with up to 30% of NAV in Spore, Taiwan, South Korea, Japan, Australia, NZ, HK, China, Thailand, Indonesia, Philippines & other permitted markets
Benchmark for fund performance: · 75% FTSE Bursa Nsia Emas Syariah Index, · 15% customised index based on Top 100 constituents by market capitalization of the S&P Syariah BMI Asia ex-Japan Index, · 10% 3-month Islamic Interbank Money Market (IIMM) rate

Investor risk profile: Aggressive risk reward temperament , medium-to-long term , Can withstand extended periods of market highs & lows in pursuit of capital growth

Distribution policy: Incidental

Initial service charge during initial offer period: 5.00%
Initial service charge for   monthly direct debits submitted during initial offer period: 5.25% perpetually (T&C apply)
Initial service charge after initial offer period: 5.50%

Syariah Advisor: ZI Syariah Advisory Services Sdn Bhd
Management fee: 1.5% p.a of NAV
Trustee: 0.08% p.a.
Redemption charge: Nil
Initial NAV: RM 0.2500
Minimum investments: RM1k PII & RM100 PAI
Cooling off: 6 business days for 1st time PUBLIC MUTUAL investors only