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 will place at least 90% of its NAV in Islamic money market instruments such as Islamic Accepted Bills, Islamic Negotiable Instruments of Deposits and Islamic Repurchase Agreements (Repoi) as well as in any other Islamic fixed income instruments and placements of Islamic Deposits, all of which are highly liquid and have a remaining maturity period of less than 397 days or less.
Principal Islamic Money Market AR
Latest Price NAV
USD
0.23
as of
13/Sep/23
Objective
Key Facts
Launch Date :
13/Aug/21
Asset Type :
Money MarketBase Currency :
Malaysian RinggitTotal Net Asset (USD M) :
314.87
Benchmark :
CIMB Islamic 1 M Fixed Return Income Account-I
Dividend Type :
Income
Income Distribution :
Paid
Total Expense Ratio % :
0.42
Geographical Focus :
Malaysia
Shariah Compliant
Shariah
Performance
3 Yrs Performance
-1.08
5 Yrs Performance
0.38
10 Yrs Performance
-0.37
Top Holdings
1.
UEM Sunrise Bhd
4.44
%
2.
Gamuda Land (T12) Sdn Bhd
3.79
%
3.
Kedah Cement Sdn Bhd
3.63
%
4.
Amanat Lebuhraya Rakyat
3.5
%
5.
WCT Holdings Bhd
3.41
%
6.
SME Bank
3.17
%
7.
WCT Holdings Bhd
3.16
%
8.
Aeon Credit Service
3.12
%
9.
Sabah Credit Corp
2.84
%
10.
Cagamas Berhad
2.53
%
Portfolio Composition
1.
Malaysia
59.97
%
2.
Cash
40.03
%
Transaction Information
Annual Charges
Minimum Charge :
N.A
Maximum Charge:
0.4
Initial Charges
Minimum Charge :
N.A
Maximum Charge :
N.A
Actual Charge :
N.A
Redemption Charges
Minimum Charge :
N.A
Maximum Charge:
N.A
Actual Charge :
N.A
Contact
Company Name:
Principal Asset
Website :
https://www.principal.com.my/