The Selling Price is the price at which an investor purchases units from the Manager.
What is the Repurchase Price?
The Repurchase Price is the price at which an investor redeems his units.
How is the Selling Price / Repurchase Price determined?
The Selling Price of a unit is determined at the end of each Business Day and is based on the Net Asset Value of a unit in the fund plus a sales charge. The Repurchase Price of a unit, on the other hand, is determined at the end of each Business Day and is based on the Net Asset Value of a unit in the fund less a repurchase charge, if any. The sales charge is computed separately based on the net investment amount. The repurchase charge is also computed separately based on the net withdrawal amount / repurchase amount.
Both the Selling Price and the Repurchase Price are based on the Net Asset Value of a unit in the fund as at the next valuation point after the request for units/ repurchase is received by the Manager ("forward pricing"). As these prices are linked to the value of the assets held by the fund in question, any changes in the underlying assets of the fund will cause its unit prices to vary.
What is the sales charge/front-load?
The sales charge is a fee that is payable to the Manager for the purchase of units of a fund. It is computed separately based on the net investment amount payable by the investor. The sales charge to be imposed during the life of a prevailing prospectus of a fund is determined by the Manager and will be disclosed in that prospectus. The Manager is entitled to retain such sales charge.
How do I find out the daily unit price?
Unit prices are published daily on this website and in major newspapers. You may also call our help-desk Free-Phone number:1-800-88-3175 at any time during office hours:Mondays through Fridays from .
When are distributions declared?
Distributions, if any, after deduction of taxation and expenses, are generally declared annually at the end of each Financial Year.
When and how are distributions reinvested?
This varies from fund to fund. For certain funds, distributions will be reinvested to purchase additional units in the Fund based on the Net Asset Value of a unit at the close of the last Business Day of the Fund’s relevant financial period, and the allotment of such units shall be within one month thereafter.
For other funds, distributions will be reinvested to purchase additional units in the Fund based on the Net Asset Value of a unit one month after the close of the Fund’s relevant financial period.
Can I elect for my distribution to be paid by cheque?
No. You may, however, redeem the reinvested units for cash at any time by making a request to repurchase all or part of your units. A cheque will then be issued to you for the amount redeemed.
I have lost my tax certificate. Can I get a replacement? What is the procedure and are there any fees payable?
Yes you can. Just write-in your request for a replacement tax certificate together with a RM1.00 processing fee.
What are the risks involved when investing in unit trust funds?
All investments involve varying degrees of risk. The lower the risk, the more stable and predictable the return. Conversely, the riskier investments are generally associated with high returns as well as volatility. Unit trust funds work best as long-term investments. There are many possible outcomes associated with an investment and there are a multitude of factors such as inflation, interest rates and global economic conditions, many beyond the control of investors, that affect investment returns. To reduce the overall risk exposure, a Fund Manager may adopt an investment strategy that diversifies the investments in a portfolio into different asset classes. By investing in different market segments and by staggering the maturity dates of fixed income securities, the overall portfolio risk can also be significantly reduced.
An outline of the major risks faced by investors in general, and our approach to managing these risks within our funds can be found in Risks of Investing in Unit Trusts.