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Principal Islamic Institutional Sukuk Fund

Fund Performance

As at date : 31-10-2024
Fund		 Year To Date Performance (%) 1Year (%) 3Year (%) 5year (%) Since Inception (%) NAV (MYR) Fund Size (million)
Principal Islamic Institutional Sukuk Fund 3.34% 5.77% 13.09% 18.84% 91.84% 1.9184 1,878.36
Benchmark 3.99% 6.50% 14.86% 22.91% 90.94%
Benchmark : 50% TR BPAM Corporates Sukuk Index 50% TR BPAM Corporates 3y-7y Sukuk Index

NAV History

NAV History

1W 1M 3M 6M YTD 1Y 3Y 5Y
From
Date NAV Fund change Fund Change Percent
1.9248
0.0019
0.10 %
1.9229
0.0007
0.04 %
1.9222
0.0008
0.04 %
1.9214
0.0004
0.02 %
1.9210
-0.0008
-0.04 %
1.9218
0.0001
0.01 %
1.9217
0.0004
0.02 %
1.9213
0.0014
0.07 %
1.9199
0.0020
0.10 %
1.9179
0.0002
0.01 %
1.9177
-0.0020
-0.10 %
1.9197
0.0003
0.02 %
1.9194
0.0006
0.03 %
1.9188
0.0006
0.03 %
1.9182
0.0003
0.02 %
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Income Distribution History

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 a wholesale sukuk fund issued by Principal Malaysia. The Fund aims to provide total return of investments through potential income and capital appreciation over medium to long-term by investing primarily in Ringgit denominated Shariah-compliant fixed income securities that comply with the Shariah principles.

This is neither a capital protected nor a capital guaranteed fund.

The Fund best suits you if you:

  • are an institution, including a company or a corporation;
  • have medium to long-term investment horizon, i.e. 3 years or more;
  • want a diversified portfolio consisting of Malaysian Shariah-compliant fixed income securities;
  • are looking for tax efficient income stream;
  • want to maintain the value of your investments; and
  • are looking for a less volatile investment but can accept that returns may fluctuate over the short term.
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Fund Details

Distribution PolicyQuarterly, depending on the performance of the Fund and at the discretion of the Manager. Distribution, if any, will be made by the last Business Day of the following months of each year: March, June, September and December.
Note: We have the right to make provisions for reserves in respect of distribution of the Fund. If the income available is too small or insignificant, any distribution may not be of benefit to the Unit holders as the total cost to be incurred in any such distribution may be higher than the amount for distribution. We have the discretion to decide on the amount to be distributed to Unit holders. We also have the discretion to make income distribution on an ad-hoc basis, taking into consideration the level of its realised income, realised gains and/or capital, as well as the performance of the Fund.
Minimum Initial Investment

RM10 million or such other amount as we may from time to time decide.

Minimum Additional Investment

RM10 million or such other amount as we may from time to time decide.

Cooling off period

Not applicable for corporations/institutions.

Minimum Withdrawal

RM1 million or such other amount as we may from time to time decide.

Fund Fees

Management FeesUp to 0.25% per annum of the NAV of the Fund.
Trustee Fees

Up to 0.03% per annum of the NAV of the Fund, subject to a minimum of RM30,000 per annum.

Switching Fees

No switching facility is available for the Fund. Hence, Switching Fee is not applicable.

Transfer FeeNo transfer facility is available for the Fund. Hence, Transfer Fee is not applicable.