Islamic Global Multi-Asset Fund
General Information
The Islamic Global Multi-Asset Fund is part of the Principal Islamic Asset Management (Ireland) Plc range of Dublin-based Undertakings for Collective Investment in Transferable Securities (“UCITS”). All investments made by the Islamic Global Multi-Asset Fund will be in compliance with the Shariah Investment Guidelines. This UCITS Fund complies with the strict European regulatory standards that emphasize strong investor protection and robust risk management framework.
The Fund seek to provide a return through a combination of capital growth and income over the medium to long term by investing in a diversified portfolio of global Shariah-compliant instruments including equities and equity related securities, Shariah-compliant fixed income securities (Sukuk) and money market instruments. The Investment Manager will adopt a dynamic asset allocation strategy and has the flexibility to determine the allocation between these asset classes according to their views on prevailing market conditions. In implementing this dynamic asset allocation strategy, the Investment Manager will use (a) strategic asset allocation, and (b) tactical asset allocation, in selecting investments for the Fund.
Fund Details
| Investment Manager | Principal Islamic Asset Management Sdn Bhd Mohd Fadzil Mohamed BSc (Hons), University of Aberystwyth 24 Years Industry Experience | ||||||||
| Sub-Investment Advisers | Asset Allocation Equity Sleeve Management Sukuk Sleeve Management | ||||||||
| Launch Date | 23 March 2021. | ||||||||
| Fund Domicile | Ireland | ||||||||
| UCITS Qualifying | Yes | ||||||||
| Reference Index | MSCI ACWI Islamic Index Dow Jones Islamic Market Index Dow Jones Sukuk Total Return Index | ||||||||
| Base Currency | USD | ||||||||
| Minimum Investment |
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| Pricing | Daily | ||||||||
| Dealing | 10am Dublin | ||||||||
| Income Distribution | (i) Accumulation Shares – Accumulated and reflected in the Net Asset Value (ii) Income Shares – Annual distribution | ||||||||
| Bloomberg Ticker |
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Fund Codes
| Fund/Class | Sedol | ISIN |
| USD I Class Accumulation Shares | BN6Q950 | IE00BN6Q9502 |
| USD I Class Income Shares | BN6Q961 | IE00BN6Q9619 |
| USD A Class Accumulation Shares | BN6Q8X1 | IE00BN6Q8X17 |
| USD A Class Income Shares | BN6Q8Y2 | IE00BN6Q8Y24 |
Fund Fees
| Share Class | Investment Management Fee (% of NAV per annum) |
| A Class | 1.50% |
| B Class | 1.50% |
| R Class | 0.80% |
| I Class | 1.00% |
Download Documents
- Prospectus (ENG)
- Supplement
- Product Highlight Sheet
- Fund Fact Sheet - A Class Accumulation Units
- Fund Fact Sheet - A Class Income Units
- Fund Fact Sheet - A Class Income Plus Units
- Fund Fact Sheet - I Class Accumulation Units
- Fund Fact Sheet - I Class Income Units
- Fund Fact Sheet - SGD A Class Income Units
- Fund Fact Sheet - GBP I Class Accumulation Units
- Annual Report
- Interim Report
- Commentaries
- KIID - USD I Class Accumulation Units
- KIID - USD I Class Income Units
- KIID - GBP I Class Accumulation Units
