Investment Objective

AmBond is a medium to long-term bond fund that aims to provide a stream of income.

Investment Strategies

AmBond seeks to achieve its objective by investing in primarily in debt securities with minimum short-term local credit rating of P2 (by RAM) or MARC2 (by MARC) or long-term credit rating of A3 (by RAM) or A- (by MARC).

In buying and selling securities for AmBond the Investment Manager uses a relative value approach. This approach involves an analysis of general economic and market conditions. It also involves the use of models that analyse and compare expected returns and assumed risk. Under this approach, the Investment Manager will focus on securities that would deliver favourable return in light of the risk. The Investment Manager may also consider obligations with a more favourable or improving credit or industry outlook that provide the potential for capital appreciation.

AmBond's investment maturity profile is subject to duration management in view of the interest rate scenario. Normally, the duration of AmBond's investment will not exceed 5 years.

Asset Allocation:

Some basic fees:

Fund Category / Type	-	Bond/Income
Service Charge	-	Nil
Annual Management Fee	-	Up to 1.00% p.a. of the NAV of the Fund
Annual Trustee Fee	-	0.05% p.a. of the NAV of the Fund
Investor Profile	-	Require regular income from investing in a bond fund   Have medium to long-term investment goals
Distribution Policy	-	Income distribution (if any) is paid at least twice every year.