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Principal Islamic Money Market Fund (Class AI)

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 Money Market Fund (Class AI) 2.99% 3.65% 9.85% 15.11% 64.68% 1.1022 1,564.39
Benchmark 2.07% 2.52% 6.90% 11.11% 52.99%
Benchmark : CIMB Islamic 1-Month Fixed Return Income Account-i (FRIA-i)

NAV History

NAV History

1W 1M 3M 6M YTD 1Y 3Y 5Y
From
Date NAV Fund change Fund Change Percent
1.0994
0.0001
0.01 %
1.0993
0.0005
0.05 %
1.0988
0.0001
0.01 %
1.0987
0.0001
0.01 %
1.0986
0.0001
0.01 %
1.0985
0.0001
0.01 %
1.0984
0.0003
0.03 %
1.0981
0.0001
0.01 %
1.0980
0.0001
0.01 %
1.0979
0.0001
0.01 %
1.0978
0.0001
0.01 %
1.0977
0.0004
0.04 %
1.0973
0.0001
0.01 %
1.0972
-0.0007
-0.06 %
1.0979
0.0001
0.01 %
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Income Distribution History

Period Gross (Sen/ Unit) Annualised Yield (%)
Jan-2021 0.26 2.88
Dec-2020 0.38 4.32
Nov-2020 0.36 3.96
Oct-2020 0.32 3.60
Sep-2020 0.15 1.68
Aug-2020 0.20 2.16
Jul-2020 0.21 2.28
Jun-2020 0.42 4.68
May-2020 0.22 2.52
Apr-2020 0.29 3.24
Feb-2020 0.30 3.24
Jan-2020 0.31 3.36
Dec-2019 0.30 3.24
Nov-2019 0.34 3.72
Oct-2019 0.23 2.52

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 issued by Principal Malaysia. The 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 established with a multi-class structure and is allowed to establish new class(es) from time to time.

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.

 

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Fund Details

Distribution PolicyMonthly, depending on the level of income (if any) the Fund generates.
 
Initial InvestmentMinimum MYR 10,000 or such other amount as the Manager may decide from time to time.
Additional InvestmentMYR 1,000 or such other amount as the Manager may decide from time to time.
Cooling off periodNot applicable for this Class.
Minimum Withdrawal1,000 units or such other number of units as we the Manager may decide from time to time.
Launch Date17 March 2008

Fund Partner

  • Bank Kerjasama Rakyat Malaysia Berhad
  • CIMB Bank Berhad
  • CIMB Investment Bank Berhad - Retail Equities
  • CIMB Private Banking
  • iFast Capital Sdn Bhd
  • Kenanga Investment Bank Berhad
  • Kuwait Finance House
  • Phillip Mutual Berhad
  • Principal Distributors
  • 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 FeesNil
 
Annual FeesManagement 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 MYR 100 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.

Transfer FeesA maximum of MYR 50 may be charged for each transfer.